Shiba Inu (SHIB), the notorious “Dogecoin Killer” and second-largest meme coin, rose to prominence with a spectacular performance in 2021 and has retained its position in the market due to its loyal community and passionate developers working to make it more than just another meme coin.
With all the exciting developments in the Shiba Inu ecosystem, many are wondering when the efforts will pay off and how long it will take for SHIB to reach $0.001. While its future remains uncertain, several analysts and AI models have weighed in on its potential price trajectory, sparking interest among investors.
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Recent Price Surge and Current Standing
The recent resurgence in the crypto market has given SHIB a boost, pushing it above the $0.00001 mark for the first time since January. This rally, however, was met with resistance, and the meme coin dropped to $0.000009677. Despite the recent dip, the digital asset is still up 4% over the past week, increasing optimism for its future.
Analyst Projections
Several analysts have offered their predictions for SHIB’s price in the coming years, with varying degrees of optimism. Changelly, for instance, adopts a cautious approach for the near future, predicting a slight drop in February, with a low of $0.000008713 on February 28.
However, Changelly expects SHIB to recover quickly, regaining the $0.00001 level by March 1. SHIB is already looking to delete another zero, and Changelly’s bullish outlook sees SHIB reaching a maximum of $0.0000149985 in 2024. However, the digital token is expected to drop to $0.00000821 by December 2024.
Changelly does not expect SHIB to reach the coveted $0.001 mark before 2033. The maximum predicted price for 2033 is $0.000463, and the maximum for 2040 is $0.0084, suggesting that SHIB will reach $0.001 between 2033 and 2040.
Telegaon, a prominent crypto analytics platform, shares a similar sentiment but provides a more specific timeline. Its analysis suggests SHIB could reach $0.001 by 2035, with a potential peak of $0.00216 for the year.
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Read Also: Changelly Experts Share Timelines for Cardano (ADA) to Hit $1.16, $2.35, $4.70, and $7.16
AI Model Insights
Beyond traditional analysts, AI models like Google Bard (now Gemini) and ChatGPT have also offered their perspectives. Bard highlighted that it went with a data-driven approach, considering factors like SHIB’s circulating supply, current price and price history, and overall sentiment among users on social media. It predicted that SHIB could reach this price by 2050.
ChatGPT, on the other hand, presents a more optimistic near-term outlook, predicting SHIB could reach $0.001 By 2030.
Meanwhile, a prominent analyst recently set the timeline for SHIB to take off, and it could soon begin its journey to this ambitious target.
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