Prominent crypto exchange CoinW has issued a daring projection for Shiba Inu, hinting that the meme coin could surge by over 7,627,665%.
In a recent post on X, CoinW sparked conversation in the crypto community by asking members to express their views on which of a series of bold predictions for the top ranking could happen first in the crypto market.
Shiba Inu to $1
Specifically, the exchange polled the crypto community to determine what is happening first: Bitcoin attaining the widely anticipated $100K target, Ethereum attaining the $10K price point, or Shiba Inu reaching $1.
The poll also included other prominent cryptocurrencies, such as BNB, Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE), and Avalanche (AVAX). CoinW asked the community to weigh in on which of the following events would occur first.
- Shiba Inu reaching $1 or BNB reaching $1,000
- Cardano (ADA) reaching $5
- XRP reaching $1
- Solana (SOL) reaching $250
- Avalanche (AVAX) reaching $100
- Dogecoin (DOGE) reaching $1
Amid these bold predictions for prominent crypto assets, the figure suggested for Shiba Inu is the most ambitious. At press time, Shiba Inu trades with four zeros at $0.00001311. Essentially, CoinW is suggesting a scenario wherein Shiba Inu could completely clear all decimal places and trade in unit value.
Interestingly, the exchange even asked whether this milestone could precede Bitcoin reaching $100K or Ethereum reaching $10,000.
For context, Bitcoin’s achieving the $100K target requires the premier crypto to rally by 71% from its present value of $58,546. On the other hand, Ethereum’s $10K target demands a higher surge of 281% from $2,626.
Meanwhile, in Shiba Inu’s case, the meme coin must expand by 76,276 times, or 7,627,665%, to hit a $1 target. In this hypothetical case, even a $100 investment in SHIB would be worth an astonishing $7,627,665.
Can Shiba Inu Surge 7,627,665% to $1?
The extraordinary journey required for Shiba Inu to reach the $1 target naturally stirs questions about the feasibility of such a projection. Interestingly, in Shiba Inu’s historical record, something even more astonishing than a 7,627,665% rally has already occurred.
Celebrating Shiba Inu’s fourth birthday earlier this month, the project team boasted that SHIB’s surge from its all-time low to its peak value amounts to a 150,000,000% growth.
Indeed, the earliest adopters of Shiba Inu, who held on until its peak, became immensely wealthy. The most widely cited case is of an investor who made over $5 billion from SHIB with just an $8K investment.
Unlike him, many have shared stories of missed fortunes as they sold SHIB much earlier before it peaked.
Meanwhile, a repeat of this history in the near future is highly doubtful, given the market cap implications. For instance, Shiba Inu would have a market cap of over $580 trillion should its price hit $1.
Prediction portals like Telegaon believe that $1 is possible for Shiba Inu, but only in about three decades’ time.
Shiba Inu projection by Telegaon
