Shiba Inu (SHIB) has seen remarkable growth since its launch in August 2020, going from an initial price of $0.0000000005 to where it stands now. This four-zero-removal has earned it the title of one of the most successful assets ever. Still, it's hard to tell if it can keep up this kind of performance in the future.

At present, SHIB is valued at $0.00000805. On April 1, 2021, the price is about $0.00000006. This implies that the asset has erased two zeroes from its cost in the last two years and four zeroes since its beginning. Investors who didn't get the chance to benefit from the earlier rallies are expecting a further price boost, especially one that would push the value to $0.01.

The Shiba Inu price would need to rise by an extraordinary more than 100,000% to reach the $0.01 mark, much more than what the market has seen in the last two years. Although this appears to be a huge jump, it is actually a lot less than the growth seen since its launch. If SHIB can return to the $0.00001 territory in the short term, then it would only need to multiply by 10 to reach the $0.01 point.

When could Shiba Inu Token Reach $0.01?

The key inquiry to ask is when SHIB can reach such a high-level valuation. The crypto market is highly unpredictable, with pricing affected by multiple elements, such as an asset's economic system, public opinion, macroeconomic situations, and the progress of the token.

Figuring out precisely if and when SHIB will reach $0.01 is tricky due to the unpredictable nature of price changes. If that kind of jump in value is to take place, the wider market will need to back it up and the Shiba Inu environment will need to have some good news.

Overall, the crypto industry is in a slump, making it unlikely that mainstream assets such as Shiba Inu will experience a surge. However, a study from CryptoQuant released today hints that the market could be changing to a more positive state, with Bitcoin (BTC) taking the lead.

The Shiba Inu system is getting ready to accept initiatives such as Shibarium, a layer-2 network, and SHIB: The Metaverse, a virtual world project. These ventures will likely bring about an increase in token destruction and add more practical purposes and interest to the system.

It appears that the crypto markets are shifting towards a bull phase, which could be further boosted by the upcoming SHIB-related projects. If this is the case, Shiba Inu could experience a surge in value, though it is difficult to predict by how much. This development would be taking place in the proximity of the next BTC halving, which is scheduled for April 2024.

HYIPer.net » Shiba Inu wiped out two zeroes since April 2021, when to delete another two zeros?