Shiba Inu (SHIB) has made a 2% recovery in the last 24 hours, but the asset is still down by 4.4% in the weekly charts, 5.4% in the 14-day charts, and 3.9% over the previous month. The popular cryptocurrency seems to be consolidating around the $0.000013 level.
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Despite major challenges over the past few years, SHIB’s supporters and investors are still pushing for higher pricing. During the 2021 bull run, memecoin produced excellent results and gained recognition as a reliable cryptocurrency project.
Despite its widespread appeal, the memecoin has had difficulty gaining traction in recent months. SHIB saw a significant uptick in March but quickly lost momentum.
SHIB’s Future Price Predictions
SHIB To Hit 10 Cents?
Although Shiba Inu’s (SHIB) price may face obstacles currently, according to some sources, the asset’s future is bright.
Telegaon’s Prediction
According to the researchers at Telegaon, SHIB will hit a new all-time high of $0.0000943 in 2026, about a year and a half from now.
The platform anticipates SHIB’s price to continue rising through the years, hitting the $0.10 (10 cent) mark sometime between 2040 and 2050.
Telegaon analysts anticipate the memecoin to breach the $1 mark in 2050, about 26 years from now.
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Changelly’s Prediction
The researchers at Changelly are more bearish on Shiba Inu (SHIB) than Telegaon. The platform anticipates the asset to hit a new all-time high of $0.0001229877 in 2027, about three years from now. According to Changelly, SHIB won’t hit the $0.10 (10 cent) mark anytime before 2050.
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Given the project’s drastic reduction in supply, SHIB can reach the $0.10 mark much sooner than predicted. SHIB’s 589 trillion circulating supply is one of the most significant barriers to its price. Reaching $0.10 would result in an unrealistically large market cap.