Shiba Inu is currently trading at $0.000009361 and is finding it difficult to delete its fifth zero in the indices. SHIB barely saw a price spurt this year in 2024 and is mostly moving in the backward at this juncture. The price movement is testing the patience of investors who want to see it reach the $0.01 mark and beyond. This puts the token under constant pressure to perform as it remains in the spotlight for over a million investors.
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So when will Shiba Inu delete all its zeroes and breach $0.01 and hit a new high of 2 Cents ($0.02)? In this article, we will highlight a timeline on how long could it take for SHIB to hit the $0.02 milestone.
Shiba Inu To 2 Cents: Here’s When SHIB Might Reach $0.02
Shiba Inu boasts of 1.3 million investors in 2024 and the number of holders is only increasingly lately. The majority of the investors want to make $1 million or more when SHIB hits the $0.01 or $0.02 milestone. SHIB reaching 2 Cents could generate life-changing income for a large portion of investors. However, the waiting period for this to occur could take years or even decades from today.
Also Read: 1 Cent Dream: Shiba Inu Forecasted To Hit $0.01 After 17 Years
Nevertheless, an on-chain metrics and price prediction firm Telegaon recently reported that SHIB might hit $0.02 in our lifetime. According to Telegaon, Shiba Inu could begin to rally sometime in the next decade. The price forecast suggests that SHIB might breach the 1 Cent mark during sometime between 2035 to 2040.
The firm predicts that Shiba Inu could breach $0.01 and hit $0.02 by the end of the next decade in 2040. That’s around 16 years from today and a long time for holders to keep it in their portfolio.
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Moreover, there is no guarantee that SHIB could reach $0.02 between 2035 to 2040 or any time for that matter. The cryptocurrency market is highly volatile and cuts both ways delivering severe losses to investors. It is advised to do thorough research before taking an entry position in SHIB and invest only what you can afford to lose.