<p>The post <a href="https://coinpedia.org/news/shiba-inus-bold-0-01-prediction-heres-when-will-shib-reach-new-heights/" rel="noopener noreferrer nofollow">Shiba Inu Price Prediction: Could SHIB’s Massive Supply Burn Propel It to $0.01?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As <a href="https://coinpedia.org/crypto-live-news/shiba-inu-reveals-plans-for-decentralized-governance-with-upcoming-dao-launch/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> experiences a recent price dip, trading currently at $0.00001334, investors are keenly watching for a potential recovery. Despite the current drop, a prominent figure in the SHIB community, Lucie, has boldly predicted that SHIB will eventually reach $0.01, regardless of ongoing fluctuations.</p>
<h2 class="wp-block-heading" id="h-analysts-predict-shib-to-hit-0-01">Analysts Predict SHIB To Hit $0.01</h2>
<p>In the face of a challenging Q3 2024, Shiba Inu’s earlier performance performance is hard to ignore. Starting in early March, <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SHIB’s price</a> skyrocketed to $0.000035, marking a remarkable 144% surge within just one month.</p>
<p>However, Lucie pointed out the time when Shib was trading at $0.00000543 in Q3 2023 which later saw an impressive gain of 586% making Shib’s price climb to $0.0000359 in Q1 2024. This impressive increase has greatly boosted Lucie’s confidence, raising hopes that <a href="https://coinpedia.org/price-analysis/shiba-inu-coin-shib-traders-confidence-grows-0-000015-coming/" target="_blank" rel="noopener noreferrer nofollow">SHIB might continue to climb</a> and reduce more zeros from its price to reach $0.01.</p>
<p>Looking ahead, Changelly projects that SHIB could reach $0.01 between 2033 and 2040. On the other hand, Gemini, supported by Google’s AI, forecasts a more optimistic scenario, suggesting SHIB might hit $0.001 within the next 12 months if it sustains a 230% monthly rally.&nbsp;</p>
<p>Meanwhile, analysts Jason Williams and Yazan XBT predict that SHIB could exceed $0.01 by next year, presenting one of the most ambitious timelines for achieving this goal.</p>
<h2 class="wp-block-heading" id="h-when-will-shib-hit-0-1">When Will SHIB Hit $0.1</h2>
<p>While the $0.01 goal seems distant to some, Lucie from the Shiba Inu project remains confident in its feasibility. With SHIB trading at $0.0000133 as of now, the token would need an extraordinary price growth of 73,483% to hit $0.01.&nbsp;</p>
<p>However, the massive circulating supply of 589 trillion SHIB tokens presents a significant challenge. To approach the $0.01 mark, SHIB would need to burn at least 90% of its circulating supply.</p>
<p>Read Also: <a href="https://coinpedia.org/price-analysis/can-these-meme-coins-outrun-the-top-tokens-this-crypto-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Can These Meme Coins Outrun The Top Tokens This Crypto Bull Run?</a></p>

Shiba Inu Price Prediction: Could SHIB’s Massive Supply Burn Propel It to $0.01?

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