Shiba Inu content specialist Lucie remains confident that SHIB will eventually reach $0.01, regardless of ongoing price fluctuations.

Notably, Shiba Inu benefited from the market uptrend in the first quarter, rising above $0.000045, which renewed optimism for further growth. Lucie, a Shiba Inu investor since 2021, shared her long-term belief in SHIB’s potential amid the meme coin’s impressive performance.

In Q1, Shiba Inu’s price surged by approximately 380% in ten days, reaching a price level last seen in 2021. Considering that SHIB traded as low as $0.00000543 in Q3 2023, the meme coin’s growth to $0.00004543 in Q1 2024 represents an impressive 736% gain, or a 7x return for investors.

The magnitude of Shiba Inu’s rise significantly bolstered confidence in its ability to eliminate more zeros from its price. The $0.01 price point has been a long-standing aspiration of the SHIB Army.

While some view the $0.01 target as far-fetched, a Shiba Inu project team member has publicly expressed the belief that it is attainable. Lucie emphasizes that it is only a matter of time, and regardless of how long it takes, she remains convinced of Shiba Inu’s one-cent dream.

For context, with Shiba Inu trading at $0.00001359 today, the asset would need extraordinary price growth of 73,483% to reach $0.01.

Popular Hopes for Shiba Inu to Reach $0.01

Notably, Lucie is not alone in anticipating a $0.01 price point for SHIB. Two months ago, analyst Luis Delgado expressed strong optimism about Shiba Inu reaching $0.01, citing Dogecoin’s historic surge as a precedent. He believes a similar rise for Shiba Inu is inevitable.

During Shiba Inu’s historic surge in March, two Bitcoin investors asserted that $0.01 is not only possible for SHIB but that it could even reach up to $0.05.

In recently updated price forecasts, the Changelly exchange and Telegaon prediction platform highlighted that SHIB could reach $0.01.

Given the enormity of the potential price jump to $0.01, investors are left wondering about the timeframe for such a significant increase amid widespread confidence in its eventual occurrence.

Possible Timelines for $0.01 SHIB

According to analysts Jason Williams and Yazan XBT, Shiba Inu could exceed $0.01 by next year. This is easily the most audacious timeline for SHIB’s one-cent dream, as other experts argue for longer timelines.

For instance, researchers at the Changelly exchange believe $0.01 is achievable for Shiba Inu in 26 years by 2050. Meanwhile, market watchers at Telegaon suggest a timeline that is a decade earlier.

Hypothetically, Shiba Inu could hit $0.01 in ten months if it experiences 100% monthly price growth, though this is speculative and unlikely.