Shiba inu

Shiba Inu Official Shares Confident Prediction of SHIB Reaching $0.01

Lucie, a Shiba Inu content specialist, has reiterated her confidence in the price prediction projecting SHIB to secure a value of $0.01 someday.

Notably, Shiba Inu has been one of the biggest beneficiaries of the latest market uptrend. The asset stalled from Q4 2023 when the pre-bull run phase began but eventually recorded an impressive run from late February to March 5.

Confidence in Shiba Inu Hitting $0.01

This price rally, which pushed Shiba Inu above the $0.000045 high, rekindled optimism among market participants. As a result, predictions of more substantial growth re-emerged, with the $0.01 price target taking center stage.

Amid the euphoria, Lucie took to X to share her view. She noted her reluctance to make any remarks regarding Shiba Inu as the price run gained steam. However, the content specialist stressed that she had been an investor since 2021, underscoring her long-term enthusiasm.

Lucie revealed that she has always been a firm believer in Shiba Inu’s potential to clinch higher price goals, especially the $0.01 target. She expressed her confidence that the cryptocurrency could actually clinch this price level but noted that such a move might not come immediately.

Notably, some proponents currently regard the $0.01 price too ambitious for Shiba Inu to secure. However, these sentiments existed with the price goals at the $0.00003 and $0.00004 levels last year, as Shiba Inu faced persistent struggles between $0.00005 and $0.00008.

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Factors Behind Renewed Optimism

At this point, hitting a high of $0.000045, which required a 728% rise from the $0.00000543 low in June 2023, was seen as near impossible. The fact that Shiba Inu recorded this feat against all odds has rejuvenated optimism that it could pull the same stunt in the future.

Besides the recent run, there are other catalysts behind the renewed optimism. One such catalyst is the burn campaign, which helps reduce SHIB’s circulating supply. Some proponents believe these burns could bolster SHIB’s chances of a major run, seeing as it recorded such rally in 2021 even without burns.

In addition, this week, a community figure spotlighted 15 reasons why investors should believe in Shiba Inu. Some of these reasons include the asset’s recognition in Hong Kong, ties with Robinhood, its non-security status, support across major exchanges, and active community.

The influencer also highlighted the fact that all the Shiba Inu supply is already in circulation and the decentralized nature of the project, among other factors. These bullish indicators have also catalyzed optimism about a price run to $0.01.

When Could Shiba Inu Reach $0.01?

Despite Lucie expecting Shiba Inu to hit $0.01 at some point, she believes the asset would not attain this goal anytime soon. However, she failed to give any projected timeline, further stressing that investors should not view her thoughts as investment advice.

While Lucie’s disclosure came without a timeline, analysts at crypto trading platform Changelly believe Shiba Inu could reach the $0.01 price between 2033 and 2040. Meanwhile, Google Bard (now Gemini) predicted that Shiba Inu could reach $0.001 in 12 months if it records a 230% rally every month.

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

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