Shiba Inu (SHIB) has been one of the biggest winners in the recent market uptrend, reigniting discussions about its potential to reach the much-anticipated $0.01 price target. Lucie, a Shiba Inu content specialist, has recently expressed her unwavering confidence in the meme coin’s ability to secure this ambitious valuation, though she acknowledges it may not happen immediately.
The Shiba Inu community has been buzzing with excitement since the cryptocurrency recorded an impressive run from late February to March 5, pushing its price above the $0.000045 high. This price rally, which required a staggering 728% rise from the $0.00000543 low in June 2023, has reignited optimism among market participants, with predictions of more substantial growth re-emerging.
Lucie, who has been an investor since 2021, took to X (formerly Twitter) to share her long-term enthusiasm for Shiba Inu. She revealed that she has always been a firm believer in the cryptocurrency’s potential to clinch higher price goals, especially the elusive $0.01 target. While acknowledging that this level may not be achieved immediately, her confidence in Shiba Inu’s ability to reach this milestone remains unwavering.
The renewed optimism surrounding Shiba Inu’s potential is fueled by several factors beyond its recent price rally. The ongoing burn campaign, which reduces SHIB’s circulating supply, is seen as a catalyst that could bolster the cryptocurrency’s chances of a major run. Additionally, a community figure recently highlighted 15 reasons why investors should believe in Shiba Inu, including its recognition in Hong Kong, ties with Robinhood, its non-security status, support across major exchanges, and an active community.
Despite Lucie’s confidence in Shiba Inu reaching $0.01, she refrained from providing a specific timeline for this achievement. However, analysts at crypto trading platform Changelly believe Shiba Inu could reach the $0.01 price between 2033 and 2040, while Google Bard (now Gemini) predicted that SHIB could reach $0.001 in 12 months if it records a 230% rally every month.
As the Shiba Inu community continues to grow and the project develops further, the possibility of reaching the coveted $0.01 price target remains a topic of intense speculation and debate. While some proponents view it as an ambitious goal, others remain steadfast in their belief that the meme coin’s journey has only just begun.
