How Reliable is Shiba Inu Official’s Projection of SHIB Coin Reaching $0.01?
Lucie, a Shiba Inu content specialist, has expressed her confidence in the price prediction projecting SHIB to secure a value of $0.01 someday. Shiba Inu has been one of the biggest gainers in the latest market uptrend. The asset reached an impressive high from late February to March 5, surpassing the $0.000045 mark and rekindling optimism among market participants. Predictions of more substantial growth have emerged, with the $0.01 price target taking center stage.
Shiba Inu’s $0.01 Price Target Sparks Confidence
Lucie, who has been an investor in Shiba Inu since 2021, has always been a firm believer in the cryptocurrency’s potential to clinch higher price goals, especially the $0.01 target. She expressed her confidence that the cryptocurrency could actually clinch this price level, but noted that such a move might not come immediately.
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I won't comment on $SHIB. I've been holding since 2021 and have always believed in reaching 0.01, just not immediately… Everything takes time.
But with $LEASH, if you sell below $5000, you don't understand what $LEASH is.
My dark horses are $LEASH and $SHEB. $BONE should be…
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) March 5, 2024
Factors Behind the Assured Optimism
Some proponents currently regard the $0.01 price too ambitious for Shiba Inu to secure. However, these sentiments existed with the price goals at the $0.00003 and $0.00004 levels last year, as Shiba Inu faced persistent struggles between $0.00005 and $0.00008. Despite this, Shiba Inu managed to reach an impressive high of $0.000045, which required a 728% rise from the $0.00000543 low in June 2023, rejuvenating optimism that it could pull the same stunt in the future.
The burn campaign is one of the catalysts behind the renewed optimism. It helps reduce SHIB’s circulating supply. Some proponents believe these burns could bolster SHIB’s chances of a major run, seeing as it recorded such rally in 2021 even without burns. Additionally, a community figure spotlighted 15 reasons why investors should believe in Shiba Inu. These bullish indicators have also catalyzed optimism about a price run to $0.01.
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When Should We Expect Shiba Inu at $0.01?
Lucie believes the asset would not attain this goal anytime soon. However, she failed to give any projected timeline, further stressing that investors should not view her thoughts as investment advice. Meanwhile, analysts at crypto trading platform believe Shiba Inu could reach the $0.01 price between 2033 and 2040. Google Bard (now Gemini) predicted that Shiba Inu could reach $0.001 in 12 months if it records a 230% rally every month.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
