Shiba Inu (SHIB) has one of the most loyal and dedicated fan bases. The project’s incredible performance during the 2021 bull run garnered a massive following. While several early investors made millions, many got into the project at its peak. Long-term SHIB investors are still waiting for the asset to reclaim its 2021 high. Let’s look at what a long-term SHIB investor could expect from the project by 2030.
What Shiba Inu Long-Term Investors Should Know
Investors who purchased SHIB when the asset was at its peak are sitting on considerable losses. According to IntoTheBlock Shiba Inu data, 61% of all SHIB holders are out of the money. The platform also highlights that 79% of SHIB holders have held on to their holdings for more than one year. Long-term holders seem to be suffering due to SHIB’s lacklustre performance.
Shiba Inu’s (SHIB) incredible run in 2021 is attributed to not just the hype around the project, but also to Vitalik Buterin’s massive burn. Buterin received half of SHIB’s supply upon its launch. The Ethereum co-founder decided to burn 90% of the tokens he received. His actions led to a massive supply dip and, consequently, a sudden price rally.
While replicating the 2021 burn is near impossible, the SHIB team is reportedly working on a new burn mechanism. The new burn mechanism is rumored to be capable of sending trillions of coins to the dead wallet yearly. The move could lead to another massive price spike for SHIB by 2030.
SHIB’s growing ecosystem is another factor that may aid its price rally. The project’s Shibarium network could see a large number of applications being built by 2030. As development increases, SHIB’s price could also follow a similar trajectory.
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The crypto market is expected to rise to newer heights by 2030. Bitcoin (BTC) may hit the $1 million mark by the end of the decade. Such a scenario will likely lead to other crypto assets rising. SHIB could climb to the $0.0001 mark under such conditions.
For long-term Shiba Inu (SHIB) holders, the future may be brighter than they think. How things unfold, only time will tell.