Well-known cryptocurrency exchange CoinW has published a bold prediction regarding the Shiba Inu, hinting that the meme coin could grow by more than 7,627,665%.
In recent mail On X, CoinW sparked a debate in the crypto community by asking participants to weigh in on which of the bold leadership predictions could be the first to come to fruition in the crypto market.
Shiba Inu for 1 dollar
Specifically, the exchange polled the crypto community to determine what was happening first: Bitcoin reaching a widely anticipated Goal $100 thousand.Ethereum will reach $10,000 and the price of a Shiba Inu will reach $1.
The survey also included other well-known cryptocurrencies such as BNB, Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE), and Avalanche (AVAX). CoinW asked the community to give their opinion on which of the following events would happen first.
- Shiba Inu Reaches $1 or BNB Reaches $1000
- Cardano (ADA) Reaches $5
- XRP hits $1
- Solana (SOL) hits $250
- Avalanche (AVAX) Reaches $100
- Dogecoin (DOGE) Reaches $1
Among these bold predictions for well-known crypto assets, the figure proposed for Shiba Inu is the most ambitious. At press time, Shiba Inu is trading at four zeros at $0.00001311. Essentially, CoinW is proposing a scenario in which Shiba Inu could completely clear all decimal places and trade at a single value.
Interestingly, the exchange even wondered whether this milestone could precede Bitcoin reaching $100,000 or Ethereum reaching $10,000.
For context, Bitcoin’s achievement goal is 100 thousand dollars requires the leading cryptocurrency to rise 71% from its current value of $58,546. On the other hand, Ethereum’s $10,000 target requires a higher jump of 281% from $2,626.
Meanwhile, in the case of the Shiba Inu, the meme coin would need to grow 76,276 times, or 7,627,665%, to reach its $1 target. In this hypothetical case, even a $100 investment in SHIB would be worth a staggering $7,627,665.
Could the price of a Shiba Inu rise by 7,627,665% to $1?
The extraordinary journey required for the Shiba Inu to reach its $1 goal naturally raises questions about the feasibility of such a forecast. Interestingly, something more astonishing than a 7,627,665% increase has already occurred in the history of the Shiba Inu.
Celebrating the Shiba Inu breed’s fourth birthday earlier this month, the project team boasted that the Shiba Inu population has grown from its historic low to its peak by an increase of 150,000,000%.
Indeed, the earliest adopters of the Shiba Inu breed, who stuck around until its peak, became incredibly wealthy. The most commonly cited case is that of an investor who earned over 5 billion dollars from SHIB with an investment of only $8,000.
Unlike him, many shared stories missed opportunities because they sold SHIB long before it peaked.
However, it is highly unlikely that this will happen again in the near future, given the implications for market capitalization. For example, the Shiba Inu breed would have a market capitalization of over $580 trillion if its price reached $1.
Prediction sites like Telegaon suggest that the Shiba Inu could be worth $1, but only in three decades.
