Shiba Inu (SHIB) may have the potential to touch the 10 cents price mark but the investors anticipating this growth may have to wait for decades.
Shiba Inu’s strengths and weaknesses are glaring before the community and despite this, the ambition to wait out the dry days for a massive price turnaround is not waning. At its current price of $0.00000989, atop a 9% surge in the past 24 hours, Shiba Inu will have to grow by at least 1,011,022% in the coming years to hit 10 cents.
With the reality visible, the question now remains whether or not SHIB has what it takes to pull off this feat and the most realistic timeline this can come to pass.
SHIB to $0.10 Timeline
Printing a million percentage gain is nothing uncommon with Shiba Inu, seeing its growth from its lowest recorded price point is 12,126,920.12% from current levels. However, despite recording a previous growth rate of such magnitude, chances of pulling a similar stunt are low due to its current supply.
Nonetheless, Telegaon, a crypto prediction platform, is optimistic about SHIB potential. While it foresees a steady growth trend for the token in the coming years, it projects touching $0.1 will likely not be possible until 2050.
Per the Telegaon projection, Shiba Inu is likely to trade at a low price of $0.62 by 2050 and a high price of $1.06. The platform pegs the average potential price of the token at $0.89.
Will SHIB Survive That Long?
The oldest cryptocurrency, Bitcoin (BTC) is about 14 years old, meaning Shiba Inu is still at a very young age with a lot of life left. Bitcoin has survived thus far because it has created a deep value that resonated with both retail and institutional investors.
Learning from this, Shiba Inu might need to create an infrastructure that can drive its use case and survive the coming decades as a relevant protocol to engage with.
While burning a large amount of its supply stack is important in driving the value of SHIB, reasons to engage with the token serves as a major hurdle that needs settling overall.