The Shiba Inu community is anticipating the clearance of a few zeroes from the token’s price.
With a potential 2026 timeline, Shibarium sentiment has been tipped to be a major catalyst.
The price of Shiba Inu (SHIB) is currently trading with five zeros at $0.000007551 and the token is still struggling to move up the charts. Its current price signifies a 0.10% increase in the last 24 hours, a show of resilience on the back of its more than 90% drop from its All-Time High (ATH) of $0.00008616, which it reached in October 2021.
Considering the growing positive sentiment within its ecosystem, investors and members of the SHIB Army have been optimistic that the token may lose a few of these zeros to hit $0.0001. Some are even more confident of the likelihood that SHIB would trade at the $0.01 mark in the near future to echo the bullish sentiments from crypto analytics firm Santiment which claims that the Shiba Inu token has a bright future.
Much to the disappointment of these expectant investors, Shiba Inu has been on a downward trend in recent times against the expectations of an upward surge. As it stands, no zero has been canceled from the memecoin’s price, however, community members continue to nurse the expectations that a time will come when SHIB might delete 2 ‘zeroes’, reach the $0.0001 target and deliver profit to its investors.
That the majority of these investors are in for the long-term and are patient to stay till when Shiba Inu reaches 1 cent is a very good thing.
Possible Timeline for Shiba Inu to Hit $0.0001
According to a bullish illustration made by leading on-chain metrics and price prediction firm Gov Capital, SHIB could delete 2 ‘zeroes’ and reach a price of $0.0001 by this same time in the next three years – 2026. If achieved, this would mean that the token will be getting an uptick and an ROI of approximately 1,350%.
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By this prediction, a $1,000 investment made in SHIB today at a price of $0.000007 would have yielded $14,500 at the quoted ROI when Shiba Inu eventually loses two ‘zeroes’ and hits $0.0001.
Considering the volatility of the broader crypto market, it is worth noting that this price prediction is not a guarantee that SHIB will hit the $0.0001 benchmark by 2026. The market is bound to swing both ways leading to both profits and losses and the timelines might be erratic.
Apart from the downtrend of Shiba Inu price, the SHIB ecosystem is performing well in anticipation of the mainnet launch of its Layer-2 solution Shibarium. Santiment confirmed an increase in Shiba Inu’s social dominance citing its high transaction fees, which indicates a surge in activity. There has also been a remarkable surge in the number of new wallet addresses joining the Shibarium testnet.
SHIB Army members are optimistic that the launch of Shibarium will bring good tidings to the ecosystem. Also, SHIB lead developer, Shytoshi Kusama has hinted at other projects waiting in the pipeline to be launched. The community members believe that these undisclosed projects will generate increased attention and engagement for SHIB, further solidifying its position in the crypto market.
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