Expert Predicts Shiba Inu Could Hit $0.10 and Make New Millionaires

Crypto commentator James Waynn has expressed confidence that Shiba Inu will make many millionaires if the price reaches $0.10.

Shiba Inu, which briefly eliminated a zero from its price yesterday, has once again slipped back to trading with five zeros. The token fell below $0.00001 following a mild market-wide correction that impacted major cryptocurrencies, including Bitcoin and Ethereum.

At the time of writing, $SHIB trades at $0.00000996, marking a 2.3% decline over the past 24 hours. However, on a monthly scale, the downturn remains modest, with the token down just 0.95%.

This optimism relies on Shiba Inu’s outstanding performance in the 2020/2021 bull run, when many holders became overnight millionaires. Among them was a truck driver whose story captivated the internet.

Shortly after Shiba Inu launched in August 2020, the truck driver invested $650 in $SHIB and eventually made $1.7 million following the token’s massive rally.

Although four years have passed since the rally, enthusiasts still believe $SHIB will make more people rich.

“Shiba Inu Will Make Investors Millionaires If Price Hits $0.10”

Community figure James Waynn recently echoed this sentiment in a post on X, asserting that “$SHIB will make you a millionaire.”

Waynn further predicted that Shiba Inu will clinch the ambitious target of $0.10. For Shiba Inu to reach $0.10, it must rally 1,003,916% from its current price of $0.00000996.

The popular AI model ChatGPT previously estimated that Shiba Inu would attain the $0.10 level by 2029, four years from now. If Shiba Inu ever hits $0.10, investors could become millionaires so long as they hold 10 million $SHIB tokens. Currently, investors can purchase these 10 million $SHIB for $99.60.

Reality Check: Is $0.10 Feasible?

Skeptics often question whether $SHIB can realistically reach $0.10. With roughly 589 trillion tokens in circulation, hitting this price would imply a market cap of $58.9 trillion.

This potential outcome is significantly higher than the U.S. GDP of $30.48 trillion. Even a large-scale token burn would likely have a limited impact, as most $SHIB tokens are held by individual investors.

While optimism remains strong among enthusiasts, the $0.10 milestone may remain a distant and highly ambitious target.