thecryptobasic.com 01 October 2024 09:51, UTC

Following Shiba Inu’s 45% surge to $0.00001855, multiple entities, including Changelly and ChatGPT, have set new timelines for SHIB’s potential rally to $0.0001 and $0.001.

Shiba Inu (SHIB) was among the best performers in the recent market recovery. The leading dog-themed token recorded a monthly surge of 40%, pushing its price to $0.00001855.

Interestingly, several Shiba Inu enthusiasts believe the recent price uptick is just the beginning of what’s to come in the future. Consequently, they expect Shiba Inu to surge to loftier targets like $0.0001 or $0.001.

With Shiba Inu priced at $0.00001855, hitting the $0.0001 and $0.001 targets demands a surge of 384.02% and 4,740%, respectively.

Potential Gains If Shiba Inu Hits $0.0001 or $0.001 Targets

The significance of these targets to investors cannot be overemphasized. Achieving these milestones would result in substantial gains for Shiba Inu holders.

To put it into perspective, if Shiba Inu hits the $0.0001 target, a portfolio of 1 billion SHIB tokens, currently worth $20,600 today, would be valued at $100,000. Similarly, these 1 billion tokens would be worth $1 million if SHIB clinches the $0.001 target.

Previous Timeline for Shiba Inu to Hit $0.0001 and $0.001

Before now, top entities had already provided timelines regarding when Shiba Inu could clinch these targets. For instance, the experts at crypto trading company Changelly projected that Shiba Inu could hit the $0.0001 price territory by December 2027, about three years from now. They also speculated that the $0.001 target could become a reality by January 2040, less than six years from today.

Furthermore, prominent AI chatbots, including OpenAI’s ChatGPT, also provided timelines for SHIB’s potential surge to the $0.0001 and $0.001 levels. As of June, ChatGPT forecasted that Shiba Inu could clinch the $0.0001 target by 2027, with a climb to $0.001 anticipated three years later.

Updated Timelines

These projections have been modified following Shiba Inu’s 45% surge, with Changelly and ChatGPT setting new timelines.

Changelly’s Updated Timeline

Despite the surge, Changelly experts extended the timeline regarding when the $0.0001 prediction could become a reality. According to the analysts, the $0.0001 target could materialize by October 2028, with the token expected to reach a maximum price of $0.000103 by then.

Additionally, the exchange expects Shiba Inu to eliminate another zero from its price and ultimately clinch the $0.001 target by January 2040. By then, the experts project that Shiba Inu would trade at a minimum price of $0.00136, an average price of $0.00143, and a maximum price of $0.00162.

ChatGPT Updated Timeline

Meanwhile, ChatGPT provided a detailed explanation of the potential timeline for Shiba Inu to surge to the $0.0001 and $0.001 targets. Notably, the AI bot referenced Shiba Inu’s recent 50% rally to issue the projection.

Since Shiba Inu spiked 45% in one month to $0.00001855, ChatGPT projected that SHIB could reach the $0.0001 target in the next three to four months, assuming this growth rate remains fairly stable. Similarly, it expects the $0.001 target to become a reality in the next 32 months (around 2.5 – 3 years).

Potential Catalysts That Could Propel Shiba Inu Surge to $0.0001 or $0.001

Meanwhile, ChatGPT did not highlight any catalyst that could propel Shiba Inu’s surge to the ambitious targets of $0.0001 and $0.001. Conversely, Changelly mentioned a few factors that could drive SHIB’s price to the level.

Changelly identified Shiba Inu’s Layer-2 blockchain Shibarium as an important factor that could help enhance investors’ appeal for SHIB, potentially pushing the token to loftier targets.

According to Changelly, the L2 blockchain provides users with Ethereum-compatible transactions with reduced fees. A portion of these fees is used to burn SHIB, which helps reduce Shiba Inu’s circulating supply and boost the value of the remaining tokens.

The trading platform also acknowledged Shiba Inu’s vibrant community as another factor that could pave the way for a massive rally.

Furthermore, Shiba Inu’s ecosystem team’s dedication to providing users with substantial utility could also positively impact SHIB’s future price. The team has been making progress in bolstering cryptocurrency utility.

So far, the team has introduced games, a metaverse project, non-fungible tokens, a decentralized exchange, and liquid staking to the Shiba Inu ecosystem. These projects could help drive Shiba Inu’s adoption, potentially pushing SHIB’s price to unprecedented levels like $0.0001 and $0.001.