SHIB Needs One Zero Gone to Reach ATH, Not 1,000 Years

Shiba Inu proponent Mazrael has pushed back against claims that SHIB could take an extremely long time to reclaim its all-time high (ATH). According to Mazrael, Shiba Inu only needs to eliminate one zero from its current price to return to its previous ATH.

Mazrael made the argument while responding to a critic who questioned whether SHIB holders could survive long enough to wait for the token to eliminate two zeros. The critic invoked the biblical figure Noah, who is traditionally described as having lived for nearly 1,000 years.

However, Mazrael suggested that the comparison overlooks Shiba Inu's historical volatility and the progress its ecosystem has made since the 2021 bull market. He pointed to SHIB's previous ATH of $0.00008616 and noted that at the time of his commentary, SHIB had five leading zeros after the decimal point, compared with four at its peak.

Mazrael estimated that SHIB would need a 16.7x increase to revisit $0.00008616 from its price of $0.000005159. He highlighted SHIB's historical price performance, noting that the token has achieved a 16.7x increase within a single week on 12 separate occasions, with three of those rallies occurring within just three days.

Moreover, Mazrael noted that SHIB removed its last zero in only two days. Therefore, he believes another major rally could potentially eliminate the remaining zero much faster than critics anticipate.