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Ethereum

Shiba Inu: When Will SHIB Reach $1?

Shiba Inu deleted its fifth zero again in March this year where it spiked nearly 280 the same month. SHIB attracted heavy bullish sentiments as its price touched a yearly high of $0.000044 during mid-March. The surge in price came on the heels of the Bitcoin halving event where leading cryptocurrencies rallied in the charts. While these are considered small wins, the community wants Shiba Inu to reach $0.01 and then $1 to attain financial freedom.

Also Read: Shiba Inu: You Can Become a SHIB Millionaire For $23

So the million dollar question in everyone’s mind is ‘When will Shiba Inu reach $0.01 and $1?’ When these two milestones are met, present-day investors can turn into multi-millionaires and even billionaires, based on the amount of tokens they hold. Considering that SHIB is extremely affordable now, the majority of holders might make a minimum of $1 million when it hits 1 Cent.

When Will Shiba Inu (SHIB) Hit $1?

Shiba Inu Lights Japan
Source: Instagram / Nickelpack / Kenta Hayashi

Leading on-chain metrics and price prediction firm Telegaon remains bullish on Shiba Inu’s prospects in the next two decades. The analytical firm has painted a rosy picture for SHIB predicting that it could breach $0.01 and also touch $1. However, the tentative timeline is long-term and might not occur in the short or mid-term, according to the forecast.

Also Read: Shiba Inu Forecasted to Hit $0.0001: Here’s When

According to Telegaon’s price prediction, Shiba Inu could reach $0.01 sometime in 2040. That’s another 16 years from today and is considered long-term. In addition, the analytical firm has also forecasted that SHIB could reach $1 sometime in 2050. That’s more than two and a half decades from today and a long-term event.

Also Read: Shiba Inu (SHIB) Predicted to Rally 240%: Here’s When

shiba inu $1 price prediction
Source: Telegaon

Nonetheless, these are only predictions and not guaranteed that SHIB could reach $0.01 in 2040 and $1 in 2050. The cryptocurrency market is highly volatile and cuts both ways delivering massive losses to investors. It is advised to do thorough research before taking an entry position in SHIB and trade at your own risk.

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