Here Is When Shiba Inu Can Hit $0.0007 and $0.007 if SHIB Gains 100% Yearly

At press time, Shiba Inu bulls have gained an upper hand, reclaiming price levels lost earlier this week. In particular, SHIB has advanced by 12% within the last 24 hours, clinching $0.00002533. The bullish run has canceled out the losses recorded within the past seven days.

Interestingly, these gains have not come as a surprise to keen market observers. Multiple analysts predicted this comeback late last month amid the market-wide bearish force that rocked April.

Among popular outlooks for Shiba Inu's value in the emerging bull market is the hope that the asset will eliminate more leading zeros. For context, Shiba Inu currently trades with four zeros, the same number it had when it peaked at $0.00008845 in 2021. Essentially, eliminating any more decimal points would mark a new peak.

In light of this, The Crypto Basic explores the timeline for which SHIB may set new records around price points such as $0.0007 and $0.007 should the asset gain 100% yearly.

When Shiba Inu Can Hit $0.0007 with 100% Yearly Gains

Trading at $0.00002533, if SHIB grows by 100% in one year, its value will double to $0.00005066. Accordingly, if Shiba Inu engineers another 100% gain the following year, the value again doubles to $0.00010132. 

At this time, SHIB would have made history with a theoretically unprecedented market value of $0.00010132.

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Meanwhile, should the asset maintain the pattern, by 2029, SHIB would have surpassed the $0.0007 threshold. Essentially, with consistent 100% yearly growth, it would crack $0.0007 in approximately five years. 

Cumulatively, Shiba Inu would have recorded a growth of 2,663% at any time it ever attained $0.0007.

When Shiba Inu Can Hit $0.007 with 100% Yearly Gains

Shiba Inu enthusiasts entering the SHIB market today would have to wait for more extended years to witness $0.007. In particular, a 100% yearly growth would push Shiba Inu value to $0.007 by 2032, eight years from now.

At this time, SHIB must have hypothetically soared 27,535% from its current market value of $0.00002533.

Analysts Agree with the Timeline

Remarkably, the prediction platform Telegaon proposed a maximum price of $0.000712 for SHIB by 2030. This timeline closely aligns with the projected duration for SHIB to hit $0.0007 with yearly 100% gains.

Moreover, analysts at Changelly Exchange expect Shiba Inu to attain $0.007 between 2033 and 2040.

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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