China News by Thebittimes.Com

The Shiba Inu (SHIB) community has been looking forward to reaching the one-cent milestone. However, certain investors and analysts seem to have bigger dreams for the meme coin. Bitcoin analysts Yazan XBT and Jason Williams believe that SHIB can reach the 5-cent mark. At press time, SHIB was trading at $0.00001336, having risen 2.21% over the past 24 hours. This means the asset will need to rise by nearly 374,151.5% to hit the 5-cent mark. Also Read: Lloyds Bank Says Customers Spend Millions on Products That Never Arrive Predictions And Possibilities For Shiba Inu’s Price Surge Source Even though this seems far-fetched, history suggests otherwise. In less than a year following the 2020 Bitcoin halving, the price of Shiba Inu surged by 884,400%. Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency Here’s When Shiba Inu Will Hit 5 Cents Williams claims that if Bitcoin surged to $250,000, Shiba Inu might reach $0.05. Yazan, however, contended that if Bitc...

The majority of Shiba Inu investors are here for the long term, hoping that the token will deliver them life-changing gains. While some holders want SHIB to cross the $0.01 mark, others want it to go further and reach 5 Cents and beyond. Also Read: Shiba Inu: Shibarium Hits Major New Milestone: Will SHIB Reach $0.01? The faith in SHIB remains strong despite its price heading south in the last two years. Newer investors have taken entry positions in the token, and existing traders are accumulating the dips. SHIB has not lost buying pressure in the last two years, even after its price stagnated in the indices. The accumulation spree from investors cements its resistance level, helping its price avoid falling further in the charts. That’s why SHIB has not fallen to five zeroes even after trading close to the $0.00001 level. Now that SHIB is trading with four zeroes, when will it delete three zeroes and hit $0.01 and $0.05? In the article, we will explain when Shiba Inu could reach th...