Here’s When Shiba Inu Could Delete a Zero to Hit $0.0001

Following Shiba Inu’s 13.25% daily surge, the zeros after the decimal point on SHIB were removed, highlighting that the price could reach a minimum of $0.0001.

Shiba Inu has seen an impressive rise over the past 24 hours, which has seen the dog-themed token rise by 13.25% over the past day to $0.00001507.

The Road to $0.0001

Shiba Inu has been gaining popularity recently, and investors are hoping for a significant upswing to erase one of the four zeros after the decimal point. This suggests that SHIB price will trade at a minimum of $0.0001. To reach the $0.0001 target, it would need to rise 563.57% from the current price.

Shiba Inu has never traded with three decimal points since its inception. The only time SHIB came close to achieving this feat was in October 2021. At the time, the token’s price skyrocketed to an all-time high (ATH) of $0.00008845. At that price, SHIB fell 11.55% before hitting its target of $0.0001.

Nonetheless, Shiba Inu’s recent surge has led to widespread optimism that the price could drop by a single zero, resulting in Shiba Inu trading at $0.0001, highlighting a possible timeline for when the zero after the decimal point could effectively disappear.

A possible timeline for removing zero

Analysts at Coinpedia predict that Shiba Inu will next remove the zero in 2028, about four years from now. They predicted that SHIB’s price will range from a low of $0.0001066 to a high of $0.0001253 by 2028. Furthermore, they set an average target of $0.00011596.

Notably, Coinpedia’s prediction is in line with similar targets published by other prediction platforms. Notably, analysts at Changelly predict that SHIB will hit a price level of $0.0001 by 2027, three years from now. Similarly, popular AI chatbot Google Bard (now Gemini) also predicted that SHIB’s price could hit its target in the same year.

For either prediction to come true, Shiba Inu would need to rise at least 563.57% from the current price to hit the target of $0.0001.

Hitting the target may be difficult, but several factors, including severe burns, can play a major role in erasing that extra zero after the decimal point.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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