For Shiba Inu (SHIB) to hit $0.01, it would have to gain by 47,632.7%. This may seem huge at face value, but SHIB has given investors more incredible results in the past. From August last year to its all-time highs in October 2021, SHIB was up by over 28,000,000%. In October, it gained by 1100% in weeks.
Going by SHIB’s ability to rally in very short periods, it can hit $0.01 within 2022. The signs are already there for a potential Shiba Inu rally in 2022.
One of them is its resilience in the correction that started in December. The entire crypto market dropped from a market cap of over $2.9 trillion to $1.7 trillion. Compared to most cryptocurrencies, Shiba Inu is one of those that have navigated the crash much better. It has also bounced back better than most large-cap cryptocurrencies. This is an indicator that the underlying demand in SHIB is pretty strong.
In essence, if the broader cryptocurrency market rallies in 2022, SHIB could easily rally by more than 20,000%. The best part is that there is every indication that the broader crypto market could be in a bull run in 2022.
For instance, analysts have a consensus that Bitcoin could hit $100k, or more, in 2022. Bitcoin is not far off from this price level, and with the growing institutional interest in it, the chances are high. If this happens, then SHIB hitting trading at $0.01 would be attainable.
The last time Bitcoin had a major breakout, from $20k to $64k, SHIB rallied by millions of percentages. There is no reason why it shouldn’t repeat such a feat, especially now that investor optimism is higher than ever.
Then there is the fact that excitement around meme coins will likely spill over into 2022, and that’s good for SHIB. That’s because if history is anything to go by, then anytime a couple of meme coins rally, most of the others follow suit. It has a lot to do with FOMO and the urge to get rich quickly, off a very small investment. So, why is the expectation that meme coins could rally in 2022?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Well, like in 2020, Elon Musk’s tweets have started sending some meme coins rocketing to new highs.
New ones are launching daily too, and most are going parabolic immediately after launch. On top of that, established meme coins like SHIB are outpacing Bitcoin, Ethereum, and other top cryptos in gains.
The other factor that could send meme coins, particularly SHIB rocketing, is the upcoming Doge-1 mission in Q1 of 2022. Earlier last year, when Dogecoin was at its peak, Elon Musk announced that he would put a literal Doge on the moon.
This later turned out to be the upcoming Doge-1 mission that is financed by Dogecoin. Considering how much of a hype-man Elon Musk is, this could take Dogecoin to new heights, and by extension, uplift related meme coins like Shiba Inu. Given that Shiba Inu was riding on the Dogecoin wave from the get-go, there is a good chance that if Dogecoin rallies in 2022, it could moon as well.
The other potential factor that could push Shiba Inu to $0.01 in 2022 is Robinhood. Robinhood is an easy-to-use exchange loved by young American investors who are just getting started in the financial markets. Lately, investors have had a huge push to have Robinhood list Shiba Inu, and for a good reason. It would open up the opportunity to invest in SHIB by millions of Americans.
To understand how big of a deal Robinhood could be to Shiba Inu, you need to look at Dogecoin’s performance earlier last year. Robinhood had paused Dogecoin trading, but after it reopened trading, Dogecoin rallied from $0.04 in February to a high of $0.74 in May. With the hype and optimism that investors have for SHIB at the moment, such a move could see it easily do over 20,000% in gains.
For context, it rallied by 1100% in October 2021 following an online petition by over 500k investors to have Robinhood list it. Imagine how much more the gains would be if it gets listed.
That said, the cryptocurrency market is crazy, and it has can always pull surprises. In the scenario where Shiba Inu falls short of hitting $0.01 in 2022, I expect it to trade at this level at some point in 2024 or 2025.
The primary reason why Shiba Inu and all altcoins have rallied since 2020 is the Bitcoin halving of April 2020. It is also the reason behind most of the previous crypto rallies, including that of 2017.
If Shiba Inu has a lacklustre performance in 2022, then the chances are that the next big boost to its price could come in 2024 earliest. That’s the time for the next Bitcoin halving, which analysts believe could push Bitcoin to over $500k.
If such predictions come to pass, then a hype coin like Shiba Inu doing a few thousand percentage gains to $0.01 would be possible. Besides, by 2024/25, Shiba Inu will have achieved a lot fundamentally.
One of the areas where it will have improved significantly is in token supply. In the one year, it has been in existence, more than 50% of the total Shiba Inu supply has been burned. Since fees generated in Shiba Inu transactions are burned, the total supply will have dropped significantly by 2024/25.
The drop in total supply coupled with the Bitcoin-inspired pump significantly increases the odds of Shiba Inu trading at over $0.01 by 2025.
However, such a price by 2025 is pretty conservative. When you factor in things like adoption, and investor interest in SHIB, it could trade at $0.10 or more by 2025.
The way things are going, in terms of Shiba Inu FOMO, 2022 remains a realistic timeline for Shiba Inu to reach $0.01.
eToro – Best Exchange To Buy Shiba Inu
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
What Is Shiba Inu (SHIB)? Should You Invest In SHIB?
Is It Better To Invest Or Trade Shiba Inu?
What Are The Safest Ways To Store Shiba Inu Coins?