Crypto exchange CoinW stirred excitement within the Shiba Inu community by proposing a bold prediction that SHIB could rally by 4,166,567% to reach $1.
This suggestion came in a post on X (formerly Twitter), where CoinW conducted a poll comparing various ambitious milestones in the crypto market.
Specifically, participants were asked to vote on which target could be achieved first: Ethereum hitting $10,000, Shiba Inu surging to $1, BNB reaching $1,000, or Dogecoin attaining $1.
Other options in the poll included price milestones for popular cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and Avalanche (AVAX). Among these predictions, Shiba Inu’s potential rise to $1 stands out as the most daring, considering the magnitude of the increase required to attain the target.
Currently, Shiba Inu trades at $0.00002400. Accordingly, achieving $1 would require the token to erase all its decimal places and increase in value by 4,166,567%. For perspective, a $100 investment in SHIB at its current price could theoretically yield $4.2 million if this prediction were to come true.
Interestingly, the poll by CoinW also asked if this monumental achievement could occur before Bitcoin hits $100,000 or Ethereum reaches $10,000. However, Bitcoin has already surpassed this milestone. Meanwhile, Ethereum would need to climb by only 173% from $3,650 to hit its $10,000 target.
Is a 4,166,567% Surge Possible for Shiba Inu?
Skepticism about Shiba Inu reaching $1 is understandable, but history provides an intriguing precedent. Shiba Inu has already demonstrated remarkable growth, rising by 150,000,000% from its all-time low to its peak. This meteoric surge created life-changing wealth for early adopters, with one investor famously turning an $8,000 investment into over $5.7 billion.
Despite such historic gains, replicating this performance in the near future seems improbable due to market cap implications. If SHIB were to hit $1, its market capitalization would exceed $589 trillion, far surpassing the entire global economy.
Meanwhile, platforms like Telegaon suggest that Shiba Inu could reach $1, but only after several decades of gradual growth and adoption. Specifically, Telegaon argued that $1 is attainable for SHIB by 2050.
Overall, CoinW’s bold prediction reignited conversations about the limitless possibilities in cryptocurrency, even if the odds remain stacked against such extraordinary outcomes. Whether or not SHIB reaches $1, its community continues to dream big.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
