Shiba Inu Has The Potential To Cross $9 As Per New Expert Prediction
Despite Shiba Inu's (SHIB) underperformance, cryptocurrency analytics and forecasting businesses have some positive future forecasts for the second-largest memecoin.
According to a recent market update released by Telegaon, a cryptocurrency research organisation that forecasts digital currency prices using Artificial Intelligence, the price of a unit of SHIB might reach $9.61 by 2050.
From 2022 through 2050, the analytics firm forecasted various prices for SHIB. Telegaon predicted prices in three categories: lowest, medium, and highest.
Telegaon predicts that SHIB will reach a new all-time high by 2025, a year after the second Bitcoin halving (ATH). The average price target for Shiba Inu in 2025 is $0.0001152, with a maximum price target of $0.0001928.
Similarly, the cryptocurrency research organisation predicts that SHIB will reach an average price of $0.000935 and a maximum price of $0.00112 by 2030.
Telegaon predicted that Shiba Inu will reach a new all-time high by 2040 because the second-largest memecoin must have burned up half of its total supply.
“By 2040, we may expect an average price of $2.76 depending upon the market trend. Our maximum price prediction for Shiba Inu Coin is $4.15 in 2040,” Telegaon said.
The greatest price projection for Shiba Inu is set for 2050, when SHIB is expected to reach an average price of $7.89, with a minimum price goal of $5.42 and a maximum price of $9.61.
“The maximum price is expected to be trading around $9.61. If there is any bull rally in 2050 the prices of Shiba Inu coins may skyrocket and surpass our price forecast,” the cryptocurrency forecast company added.