SHIB Price Targets: Timeline for Deleting One and Two Zeros

This article compiles forecasts from multiple entities regarding when Shiba Inu could delete one or two zeros from its price.

Since Shiba Inu’s debut in August 2020, the token has witnessed an impressive performance, leading to the elimination of multiple zeros from its price.

Shiba Inu Successfully Deletes Five Zeros

Last month, market watcher Yescas stated that Shiba Inu has successfully deleted five zeros from its price following its remarkable surge.

According to data provided by Yescas, Shiba Inu began trading in August 2020 with a token priced at $0.000000000972. Two months later, it added one more zero after its decimal. However, things became bullish for Shiba Inu in January 2021, as the token began the year with eight zeros after its decimal.

Shiba Inu continued its bullish momentum in 2021, with the number of zeros after its decimal dropping to four. In that same year, specifically on October 28, 2021, SHIB reached an all-time high of $0.00008845.

More Zeros Could Be Removed From Price

Despite SHIB currently trading with four zeros after its decimal, several entities project that the token could eliminate one or two zeros in the coming years. If SHIB deletes one or two zeros, it will trade at $0.0001 and $0.001, respectively.

We’ve compiled predictions regarding when SHIB could hit the $0.0001 and $0.001 targets.

SHIB to $0.0001

Removing a zero from SHIB’s price would take the token to a minimum of $0.0001, up 559% from the current level of $0.00001517.

According to a prediction from crypto trading platform Changelly, Shiba Inu will potentially eliminate the next zero and hit the $0.0001 price by 2027, three years from now. Similarly, the popular AI chatbot Google Bard (now Gemini) also projects that SHIB will hit the $0.0001 target in the same year.

Other market watchers also outlined scenarios that could take SHIB to the $0.0001 level. In particular, on June 20, prominent market watcher Sam TCR projected that Shiba Inu would soon witness a massive rebound, potentially taking its price to $0.0001. However, they did not attach a timeline regarding when SHIB could achieve the feat.

SHIB to $0.001

The $0.001 level is a more ambitious target that requires Shiba Inu to eliminate two zeros from its price. A move to the $0.001 target requires SHIB to rally 6,491% from its current price.

Interestingly, top market watchers believe Shiba Inu can achieve this target in its lifetime. While some provided a timeline for when SHIB could hit the $0.001 target, others did not.

Notably, famous market watcher Armando Pantoja suggested that Shiba Inu would reach this ambitious target in the 2024/2025 market cycle. In addition, The Crypto Basic projected last month that SHIB could rally to $0.001 by December 2024 if its price doubles every month. At the time, SHIB was changing hands at $0.00002532.

In the meantime, Shiba Inu is trading at $0.00001517, down 11.29% over the past seven days and 41.31% in the monthly charts. Nonetheless, the token is up 13.3% in the daily charts.

Source