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Could Shiba Inu (SHIB) Really Surge by 4,166,567% to Reach $1? CoinW Stirs Excitement in SHIB Community With Bold Prediction

2025/01/11 11:33

Could Shiba Inu (SHIB) Really Surge by 4,166,567% to Reach $1? CoinW Stirs Excitement in SHIB Community With Bold Prediction

Crypto exchange CoinW sparked excitement within the Shiba Inu community by suggesting an ambitious prediction—SHIB could rally to reach $1, a move that would be accompanied by a 4,166,567% gain.

This suggestion was part of a poll on X (formerly Twitter) conducted by CoinW, which pitted several bold predictions in the crypto market against each other.

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 hitting $1.

The poll also 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 stood out as the most daring, considering the vast increase needed to reach the target.

Currently, Shiba Inu trades at $0.00002400. To reach $1, the token would need 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.

The poll by CoinW also asked whether this monumental achievement could occur before Bitcoin hits $100,000 or Ethereum reaches $10,000. However, Bitcoin has already crossed this milestone, while Ethereum would need to rise by only 173% from $3,650 to reach its $10,000 target.

Skepticism about Shiba Inu reaching $1 is natural, but history provides an interesting precedent. From its all-time low to its peak, Shiba Inu has already experienced a remarkable growth of 150,000,000%. This meteoric surge created life-changing wealth for early adopters, with one investor notably turning an $8,000 investment into over $5.7 billion.

However, replicating this performance in the near future seems improbable due to the implications for market cap. If SHIB were to hit $1, its market capitalization would exceed $589 trillion, outpacing 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. To be precise, Telegaon claimed that SHIB could reach $1 by 2050.

Overall, CoinW's bold prediction sparked conversations about the cryptocurrency's boundless potential, even if the odds are heavily skewed against such extraordinary outcomes. Irrespective of whether SHIB reaches $1, its community continues to dream big.

DisCLaimer: This content is provided for informational purposes only. It does not constitute financial advice and should not be relied upon as such. The views expressed in this article may include the author's personal opinions and are not necessarily those of The Crypto Basic. Readers are fully responsible for conducting their own due diligence before making any investment decisions and are advised to seek professional financial advice as needed. The Crypto Basic is not responsible for any financial losses.

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