Shiba Inu (SHIB) seems to be changing history as it appears to be closing September on a great note. Over the last couple of years, September has been bearish for the meme coin. SHIB ended September 2023 with an 8% drop.
But the asset has surged by 12% in the past week alone. At press time, SHIB was trading at $0.00001493 following a 3% increase over the last 24 hours.
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Shiba Inuās Recent Performance And Future Predictions
This latest rise further boosted the ambitious predictions around the meme coin. While the 1-cent dream is still in the minds of its investors, a few others were betting on $1. SHIB is now 83% below its all-time high of $0.00008845.
Current Price And Required Growth
Considering its current price level, SHIB would have to rise by a staggering 6,697,823.64% to reach $1.
Investor Sentiment
It should be noted that 84% of SHIBās investors on CoinMarketCap were bullish about the asset. Only 16% of the 7916 enthusiasts were bearish about SHIBās potential rise.
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Shiba Inu To $1
According to data from Telegaon, Shiba Inu investors will have to wait over a decade for the asset to hit $1. The network revealed that SHIB will reach the coveted $1 mark only in 2050. Investors will have to hold onto their SHIB for over 25 years to witness the meme coin surge to this level.
Potential Gains For Long-Term Holders
A mere $100 at its current price would fetch an investor 6,722,689.07 SHIB tokens. If the investor continues to hold this until the meme coin hits $1, the total gains will surge to $6,722,689.07 in the year 2050.
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