Meme coin Shiba Inu (SHIB) is extending bearish pressure, but some investors see the current low price range as a prime buying opportunity.
On March 3, blockchain media outlet The Crypto Basic reported that Shiba Inu fell below $0.000006 as geopolitical tensions in the Middle East escalated. It is now trading around $0.00000539.
Market sentiment is mixed. Some investors worry about further declines, while others see a chance to buy at low prices with a long-term target of $0.0001 in mind.
In January, when Shiba Inu traded at $0.00001, investing $10,000 could secure about 1,000,000,000 SHIB. At the current price of $0.00000539, the same amount can buy about 1,855,280,000 SHIB. That effectively allows investors to secure nearly double the amount with the same capital.
If Shiba Inu reaches $0.0001, the value of more than 1.8 billion tokens would rise to about $185,528. On a simple calculation, it is a scenario in which profit of more than about $175,000 is possible even after excluding the principal.
But reaching that target would require a rise of about 1,755 percent from the current price. Its market capitalisation would also need to expand to more than $58 billion from about $3.1 billion.
$0.0001 was a widely discussed target within the community during the 2024 to 2025 bull market. Some analysts projected it could be achieved by the end of 2025, but expectations faded amid a broader crypto bear market.
Crypto forecasting platform Telegaon projected that Shiba Inu could reach $0.0001 by 2030 and rise to $0.000124 in the same year. It cited large-scale token burns as a key catalyst, arguing that reduced supply could drive prices higher.
But only 1,556 tokens were burned over the past 24 hours, a negligible impact compared with total supply of more than 589 trillion. Ecosystem risks also remain, including slowing community participation and delays in project progress.
Shiba Inu's sharp decline may look like a chance to buy at a bottom for some investors, but achieving the target price requires large capital inflows and an improved market environment. Experts advise a cautious approach given the high volatility.