Cryptocurrency exchange Changelly predicted the timing Shiba Inu price If you remove three extra zeros, it could go up to $0.01. Based on projections, the top meme coins are still more than a decade away from achieving this milestone, despite underperforming in the current market cycle.
When the Shiba Inu price could reach $0.01
changing predictions blog post Specifically, it highlighted $0.0106 as the highest price that SHIB can reach by then. Meanwhile, virtual currency exchanges are planning as follows. meme coin It could reach $0.0139 by the end of 2040, highlighting that price level is the highest in December 2040.
Related books
The cryptocurrency exchange also expects Shiba Inu’s price to rise further from that level, predicting that Memecoin could reach a peak price of $0.0177 by the end of 2050. This is an increase of 160809.1% from Memecoin’s current price level. of Sibburn This is one of the mechanisms adopted by the SHIB community to reach the meme coin’s goal of $0.01.
of Shiba Inu Burn Tracker explained that reducing the number of tokens in circulation could increase the price of Shiba Inu over time. The platform added that the community’s goal is to increase the meme coin price to $0.01. According to a Shiba Inu burn tracking survey, Circulating supply of SHIB Achieving this price target would require $224 trillion.
Therefore, 61.98% of the circulating supply of meme coins, or 589.5 trillion tokens, would need to be removed from circulation. The circulating supply of SHIB is currently 589.24 trillion, indicating that the meme coin still has a long way to go to reach its goal of 224 trillion. But for meme coins to impact the price of Shiba Inu, we must also see significant demand for these burns.
Recovery awaits SHIB
crypto analyst Javon Marks said The price of Shiba Inu is bullish divergence It was formed for meme coins. This comes as SHIB continues to struggle, with memecoin being one of the altcoins with the highest year-to-date (YTD) losses.
crypto analyst Shibnight said The first target for Shiba Inu price as part of the recovery is the previous accumulation zone of $0.00001209. The analyst noted that when the market turns positive, SHIB is often the first to recover. He claimed that this was primarily due to the strength of: SHIB army.
Related books
At the time of writing, the price of the Shiba Inu is trading at approximately $0.00001065, and has fallen over the past 24 hours. data From CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
