The price prediction for Shiba Inu came in hot, as analysts tipped the asset to surge 21,000% to $0.003 in 2050.
The popular dog-themed memecoin Shiba Inu has had its fair share of price surges. The token skyrocketed following its market debut in August 2020 and peaked during the 2021 bull run. Its peak price was $0.00008845, with a market cap of $39.3 billion.
Since then, SHIB has had a gloomy patch, as the harsh conditions of the 2022 market continued to see it correct considerably. The memecoin has currently dumped 83.57% from its all-time high.
However, Shiba Inu has stood strong owing to its better utility, ever-supportive community, and embrace of the latest technological advancements in the crypto sector. Crypto exchange Changelly has tipped Shiba Inu to trade at $0.003 at most sixteen years from now.
SHIB to $0.003
According to data from Changelly, the second-biggest memecoin by market cap would grow a staggering 21,000% between 2033 and 2040, surpassing its previous all-time high by 3,400%. At a price that high, SHIB’s market cap would near $1.8 trillion if the total supply remained the same.
The Changelly data contained monthly and yearly SHIB price increments, classified into the maximum, average, and minimum prices. It also showed the percentage returns expected from investments annually.
The predictions table showed that SHIB will trade at a maximum price of $0.000059994 in 2025, $0.00012298 in 2027, $0.000999 in 2033, $0.002 in 2040, and $0.003 in 2050.
Telegaon research shared an even more bullish outlook for Shiba Inu, tipping the memecoin to do better. The firm noted that SHIB will trade at $0.0216 in 2035, $0.089 in 2040, and $1.06 in 2050.
Criteria for SHIB Surge
Changelly stated that for SHIB’s price to reach these highs, certain changes needed to be implemented. Changes like a reduction in total supply and the creation of more utility for the token must come into effect.
The firm suggested implementing a drastic burn mechanism on SHIB’s total supply. A reduction in that respect will bolster circulation value and consequently affect price. Notably, SHIB surged significantly when Vitalik Buterin burned 90% of his token in 2021.
The Shiba Inu development team has made significant efforts to boost the network’s utility and transform the ecosystem from a memecoin to a key player in the crypto sector.
The development of the Shibarium network, plans to launch a decentralized autonomous organization (DAO), and the strategic partnership with K9 Finance to bring liquid staking services to the Shiba Inu ecosystem are all innovations to transform the dog-themed memecoin.
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.
