Shiba Inu is currently trading at $0.000009647 and is on the verge of deleting its fifth zero. SHIB is on a slippery slope as it’s struggling to knock out its fifth zero for more than four months. The development is testing the patience of investors as the dog-themed token has been relentlessly down for the last two years. The token is yet to experience a bullish trend like it did in early and late 2021.
Also Read: Shiba Inu Trader Makes a Fortune With SHIB
Considering all these scenarios, can Shiba Inu reach the $0.0001 mark by June 2024 and consecutively delete two zeroes? In this article, we will highlight when SHIB could reach the $0.0001 milestone.
SHIB: Will Shiba Inu Hit $0.0001 By June 2024?
Leading on-chain metrics and price prediction firm Changelly predicts that Shiba Inu will not reach $0.0001 by June 2024. So when will Shiba Inu reach a new all-time high and hit the $0.0001 price threshold? According to Changelly, SHIB could climb above the $0.0001 mark only by the end of the decade in 2030. That’s another six years from today and a long time for paper-hand investors.
Also Read: Shiba Inu: SHIB Turns $3,600 Into $19 Million in 3 Years
The leading metrics website estimates that SHIB’s average trading price in 2030 could be around $0.000129987. That’s an uptick and return on investment of about 1,200% from its current price. Therefore, an investment of $10,000 could turn into $130,000 by 2030 if SHIB deletes two zeroes and reaches $0.0001.
Nonetheless, the cryptocurrency market is highly volatile and cuts both ways delivering severe losses to investors. There is no guarantee that the token can reach the $0.0001 milestone in the next six years.
Also Read: When Will Shiba Inu (SHIB) Reach 2 Cents?
It is advised to do thorough research before taking an entry position as the cryptocurrency market remains in bearish territory. In conclusion, the global macroeconomic factors are eventually the main indicators and factors about the market headwinds.
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