The Shiba Inu (SHIB) ecosystem has been chasing down the 1 cent dream for the longest time now. The meme coin’s notable start and rise during its initial days have pushed the community to bet on more ambitious targets. The highest that SHIB has surged to till date is $0.00008845. Shiba Inu reached this peak back in 2021, about four years ago. Sadly, the meme coin is trading 85% below this all-time high. But several optimistic members of the community have been viewing this as an optimal time to stock up on SHIB in order to garner maximum gains when SHIB reaches a high of $0.01.
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Is The 1 Cent Dream Within Reach For Shiba Inu?
Despite recording a notable rally towards the end of 2024, Shiba Inu’s annual price change stands at a negative 50%. The asset went from trading at a high of $0.00003329 down to a low of $0.00001031. This trend has been carried into the present day. At the time of writing, SHIB was trading at $0.00001244. This price was attained after the asset dropped by 1.90% over the past 24 hours.
The second-largest meme coin has a long climb towards the $0.01 mark. Shiba Inu would need to rise by 80,248% to reach the milestone.
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Is $100 Enough to Bring In Life-Changing Gains?
According to data from Telegaon, Shiba Inu will indeed achieve the 1 cent dream. The asset is expected to claim this peak between the years 2035 and 2040. While this is a long wait, investors could view the meme coin as a long-term investment.
If the token hits $0.01, a $100 investment in Shiba Inu at its current price of $0.00001244 could yield almost $80,357. In addition to demonstrating the great potential around SHIB’s journey to the desired one-cent mark, this would represent an incredible return of almost 80,000%.
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