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HomeCryptocurrencyShiba Inu Top Official Sees SHIB Rising 40,238%

Shiba Inu Top Official Sees SHIB Rising 40,238%

Following Shiba Inu’s massive surge in late February and early March 2024, there has been speculation on the meme coin’s chances of reaching $0.01.

The price surge instilled confidence among investors, leading to a resurgence of predictions for significant growth. The $0.01 target, once dismissed by some, has become a central point of conversation within the community.

Lucie (@LucieSHIB), the Shiba Inu marketing lead, recently expressed her belief in SHIB’s potential to reach $0.01. While acknowledging her hesitation to comment during the initial price surge, Lucie emphasized her long-term commitment as an investor since 2021.  She has consistently believed in SHIB’s ability to achieve ambitious price targets, including $0.01. However, she cautioned that this goal may not be achieved soonest.

Previously, reaching $0.000045 seemed out of reach, requiring a monumental increase of over 700% from its June 2023 low of $0.00000543. However, SHIB defying expectations has fueled optimism for similar feats in the future.

Will Shiba Inu (SHIB) Reach $0.01?

Several factors contribute to this renewed bullish sentiment. The ongoing burn initiative, which aims to reduce SHIB’s circulating supply, is a prime example. SHIB has a deflationary model where token prices can increase as supply reduces. The upcoming automated burn portal will significantly speed up token burns, potentially accelerating SHIB’s growth.

Another factor is a recent list compiled by Lola (@CryptoLollla), a prominent community figure, outlining 15 reasons for investor confidence in Shiba Inu (SHIB).

These reasons include recognition in Hong Kong, potential ties with Robinhood, the non-security classification, widespread exchange support, a highly active community, and its security and interoperability. Additionally, Lola highlighted the complete circulation of the total SHIB supply and the project’s decentralized nature as positive indicators.

When Will SHIB Reach $0.01?

While Lucie is confident that SHIB will eventually reach $0.01, she does not give a timeframe. However, others have weighed in on the topic, as Changelly, a popular cryptocurrency trading platform, has shared a Shiba Inu price prediction chart suggesting that SHIB could hit $0.01 by August 2040.

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The Shiba Inu community’s faith and recent positive developments have revived discussions about the $0.01 target. While the exact timeline remains uncertain, SHIB’s potential for future growth and bullish predictions from prominent analysts continue to spark excitement.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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