Although the price of Shiba Inu (SHIB) has struggled in recent months, popular predictions forecast the cryptocurrency will eventually surpass $0.03.
One of the biggest performers of the 2021 bull market, Shiba Inu made many early investors millionaires and was arguably the most popular token at the time. However, the cryptocurrency has struggled to return to its glory days and remains more than 80% below its all-time high.
While no one can accurately foretell whether Shiba Inu will ever go back to its previous highs, certain predictions offer some insight. For instance, the popular prediction platform Telegaon, which uses fundamental and technical analysis to forecast prices, believes that Shiba Inu will eventually go as high as three cents.
The latest prediction, published at the start of the month, expects that SHIB will regain its moment in the spotlight when the crypto bull market is in full swing. Hence, by the end of the cycle expected to end in late 2025, Shiba Inu (SHIB) would have reached a maximum price of $0.0000728. Such a return, as per the prediction, will set the tone for SHIB to go higher in the coming years and decades.
SHIB to Cross $0.03 in 2040
Telegaon’s prediction notably does not forecast any ridiculous short-term price action for SHIB. Instead, it focuses on the value of holding the asset for the long term. With such a view, the platform anticipates that SHIB will initially cross the $0.03 mark sometime in 2040, more than a decade from now.
At that time, SHIB will reach a minimum price of $0.054 or even soar as high as $0.089. According to Telegaon, such a meteoric rise would be a result of a massive reduction in the overall SHIB token supply from ecosystem burns. Recall that the Shiba Inu team burns SHIB tokens in line with usage on its layer-2 network Shibarium.
Meanwhile, although there is no guarantee that these predictions will be realized, it provides hope for SHIB investors that there are long-term gains to be made on the asset. The cryptocurrency still boasts over 1.36 million holders, signaling a belief that all hope is not lost and the tide will turn someday.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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