Analyst Affirms Shiba Inu (SHIB) Could Reach $0.01. Here’s why

Despite investor enthusiasm, SHIB’s price trajectory has been disappointing for many holders. Since the start of the year, the asset has declined by 42%, while DOGE has seen a similar 47% drop. The prolonged downturn has placed a significant portion of SHIB holders at a loss. Current data indicates that 61% of investors are “out of the money,” meaning they hold SHIB at a higher price than its current value, while only 4% are breaking even.

Crypto Analyst: A $0.01 SHIB Price Is Possible

In a recent statement, Delgado emphasized that the cryptocurrency industry has witnessed seemingly impossible events on multiple occasions. He urged critics to consider past market trends before dismissing SHIB’s potential to reach the ambitious price target.

When Could Shiba Inu Realistically Reach $0.01?

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Other forecasts suggest a much longer timeline. Research conducted by Changelly predicts that the token may reach the $0.01 milestone by 2050, while Gemini AI (formerly known as Google Bard) provides a slightly more optimistic estimate, forecasting that the price could hit this level by 2040.

For the token to achieve this ambitious price, key structural changes would need to occur within the ecosystem. A significant reduction in SHIB’s circulating supply is essential, as an excessively high supply limits price growth. Additionally, increased real-world adoption and new technological advancements within the ecosystem could drive long-term demand, further supporting a potential price increase.