This article evaluates how long it might take for Shiba Inu to reclaim the $0.0007 and $0.007 price levels with consistent 100% year-over-year growth.
As of this writing, Shiba Inu bulls have gained the upper hand, recovering price levels lost earlier this week. Notably, SHIB has advanced 12% in the past 24 hours to $0.00002533. The bull run has erased the losses recorded in the last seven days.
Interestingly, these gains did not come as a surprise to keen market watchers. Numerous analysts had predicted this return at the end of last month in the context of the bearish force that shook April at the market level.
Among the popular outlooks for Shiba Inu value in the emerging bull market is the hope that the asset will shed more leading zeros. For context, Shiba Inu is currently trading with four zeros, the same number it had when it peaked at $0.00008845 in 2021. Essentially, eliminating additional decimal points would mark a new peak.
In light of this, The Crypto Basic explores the timeline for which SHIB could set new records around prices like $0.0007 and $0.007 should the asset gain 100% each year.
When Shiba Inu can reach $0.0007 with 100% annual earnings.
Trading at $0.00002533, if SHIB grows 100% in a year, its value will double to $0.00005066. As a result, if Shiba Inu manages to make another 100% gain the following year, the value would double again to $0.00010132.
At this time, SHIB would have made history with a theoretically unprecedented market value of $0.00010132.
Meanwhile, if the asset were to maintain the pattern, by 2029, the SHIB would have crossed the $0.0007 mark. Essentially, with constant annual growth of 100%, it would reach $0.0007 in about five years.
Cumulatively, Shiba Inu would have seen growth of 2.663% anytime it reached $0.0007.
When Shiba Inu can reach $0.007 with 100% annual earnings.
Shiba Inu enthusiasts entering the SHIB market today would have to wait longer years to see $0.007. Specifically, 100% annual growth would push the value of the Shiba Inu to $0.007 by 2032, eight years from now.
Right now, SHIB must have hypothetically risen 27.535% from its current market value of $0.00002533.
Analysts agree with the timeline
Surprisingly, the Telegaon prediction platform proposed a price cap of $0.000712 for SHIB by 2030. This timeline aligns closely with the expected duration for SHIB to reach $0.0007 with 100% annual earnings.
Shiba Inu Telegaon
Furthermore, analysts at Changelly Exchange predict that Shiba Inu will reach $0.007 between 2033 and 2040.
