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Shiba Inu To Surge by Over 7,000,000% to $1

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By Aggregated - see source on August 20, 2024 Altcoin
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The Shiba Inu (SHIB) ecosystem has long been stuck on the one-cent dream. But ambitious investors and a cryptocurrency exchange have been looking forward to the meme coin hitting the $1 mark.

Also Read: Tron Surges Past Ethereum & Cardano into Top 10 Cryptos

Bold Predictions for CoinW

In a recent post, CoinW shared an array of bold predictions. These included:

  • Cardano (ADA) reaching $5
  • Dogecoin (DOGE) hitting $1
  • Bitcoin (BTC) surging to a high of $100K

While most of these predictions are far-fetched, SHIB’s rise to $1 could mark a 7,627,665% rise from its current level. Bitcoin’s ascent to $100K will be a 71% rise. This seems dainty when compared to SHIB’s 7-digit surge.

Current Market Status

At press time, the entire cryptocurrency market was painted green. Most assets were recording an uptick. SHIB was up by over 5% over the past 24 hours, trading at $0.00001379. Currently, SHIB is 84% below its all-time high of $0.00008845.

Also Read: Can Shiba Inu Repeat Its 2021 Rally in 2024?

When Can SHIB Surge To $1?

Before Shiba Inu enters the dollar realm, the meme coin has many other milestones to achieve. The asset should start by reclaiming its all-time high. According to data from Telegaon, SHIB will reach this peak in 2026.

The Path to 1 Cent

In addition, the 1 cent mark will be more challenging to achieve. Investors will require patience as SHIB will surge to this level only in 2040.

Source

The firm further reveals that reaching $1 gets easier from here. Shiba Inu will rise to this zone by 2050.

Viability of SHIB’s $1 Aim

Naturally, Shiba Inu’s path to attain the $1 aim raises concerns about the viability of such a rally. Interestingly, anything more impressive than a 7,627,665% rally has already happened in Shiba Inu’s history records.

Also Read: How Many Billions of Shiba Inu Does the US Government Hold

Earlier this month, the network celebrated Shiba Inu’s fourth birthday and boasted that SHIB had grown by 150,000,000% from its all-time low to its peak value.

Credit: Source link

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