Shiba Inu: Multiple Sources Predict SHIB Price, Will it Hit $0.01?
Shiba Inu (SHIB) is one of the most popular crypto projects out there. One of the goals of SHIB fans and users is for the token’s price to hit $0.01. Many sources have made predictions about SHIB’s price for the foreseeable future. However, is $0.01 a reality?
According to the fintech comparison platform Finder, SHIB prices will hit $0.00004930 by 2025. Finder polled 55 fintech specialists and industry experts on how SHIB would perform. Most of the panel (50%) were not sure that Shibarium, SHIB’s upcoming layer-2, would positively impact Shiba Inu’s price. Only 25% felt that Shibarium would have a positive impact on the asset’s price. However, it should be noted that Finder’s report is from October 2022. A lot has happened since then, and market behavior has significantly changed.
On the other hand, Changelly has a more pessimistic view of SHIB. The non-custodial crypto exchange says SHIB would only be able to secure a maximum price of $0.00002694 by 2025. Furthermore, Changelly says that the asset will only reach $0.00017 in 2030.
An analytics company, Telegaon, also pitched its predictions for SHIB from 2023 to 2050 in a report published last Monday. According to the estimate, the asset will cost no more than $0.0000316 at its highest price this year and $0.0000239 on average. In addition, Telegaon forecast that the price of Shiba Inu might soar to a high of $0.000712 by 2030 and $0.089 in 2040. The analytical tool estimates that it would take the asset another 27 years to reach a price of $1.
Will Shiba Inu realistically hit $0.01?
Reaching $0.01 from current price levels would mean a gain of 117963.75%. As of now, there is nothing pushing SHIB’s price other than the anticipation around Shibarium. However, given that market sentiment is still low and the financial world is still recovering from post-pandemic woes and the Russia-Ukraine war, a sudden surge seems unlikely.
Moreover, most of the sources do not predict SHIB reaching $0.01. Even Telegaon says that SHIB will reach $0.89 only in 2040, 27 years from now. Therefore, such an optimistic view regarding SHIB does not seem advisable.
At press time, SHIB was trading at $0.00000847, down by 0.2% in the last 24 hours.
Comments
Post a Comment