Shiba Inu (SHIB) has been betting heavily to achieve the dream of 1 cent. But the latest surge in the asset has prompted the community to show more ambitious bets. In the past year, the second-largest MEME coin has soared over 120%, demonstrating the asset's capability. Let's see if SHIB can maintain this momentum and reach 1.5 cents.
Shiba Inu's Minor Setback
After Donald Trump's historic victory, SHIB and the entire market experienced a significant surge, followed by an adjustment. The asset has seen significant volatility in the past 24 hours, declining by 1.77% during this period. As of the time of writing, the trading price of SHIB is $0.00001873. Notably, earlier today, the MEME token had reached a high of $0.00001942.
Despite the slight price decline, the community remains optimistic about SHIB's potential upside. CoinMarketCap's community sentiment shows that 88% of the 47,622 voters are bullish on the MEME coin's near-term rise. Meanwhile, 12% hold a bearish view, believing that Shiba Inu will not see a surge in the short term.
Can 1.5 Cents Be Achieved?
SHIB is on the rise, and after breaking the 1 cent barrier, it will achieve the greater milestone of 1.5 cents. Telegaon, a company that analyzes on-chain data, has released a forecast for SHIB. According to their analysis, SHIB may surpass $0.01 between 2030 and 2040.
The above forecast suggests that SHIB may take over a decade to reach this level. However, the community remains optimistic. Significant changes in the regulatory environment, increased burning, and other factors could push the price of SHIB higher faster than expected. Nonetheless, patience is the right approach when dealing with Shiba Inu. Those who hold the asset for a longer period can reap the benefits.
