Shiba Inu Forecasted to Rise 650%: Here’s When

Lavina Daryanani
Source: CoinMarketCap

The past few months have been quite rough for crypto asset prices. Capital has not been flowing into the market, and as a result, the trade volume has been hovering below average. However, the market registered a slight recovery over the past day. Along with Bitcoin and Ethereum, even assets like Shiba Inu and Dogecoin benefited. As a result, bullish predictions are again being discussed by community members. In this article, we will analyze the growth room for SHIB over the next 5–6 years.

Also Read: Shiba Inu: ‘High Demand’ Provoked SHIB’s 46,000,000% Rise

Shiba Inu Macro Prediction

Investors can expect Shiba Inu’s long-term prospects to brighten with time. As far as the price front is concerned, SHIB could end up fetching 6x to 7x returns for its investors in just a few years.

Source: Coin Culture

Also Read: Shiba Inu: 9 Developments in Shibarium That Could Push SHIB to $0.01

According to the crypto price-tracking website DigitalCoinPrice, all SHIB technical indicators pointed out that the market sentiment has been ”bearish” lately. Thus, it is “risky” to sell the asset at this stage. However, when zoomed out, the state of affairs was different.

According to their analysis, SHIB will be able to delete a zero and rise to $0.0000195 in 2024. Over the next three subsequent years, DigitalCoinPrice estimates SHIB’s value to rise from $0.0000271 to $0.0000375. Then, in 2028, the asset is forecast to clinch $0.0000410. SHIB is expected to continue its bullish trend and eventually reach a price of $0.0000565 by 2030. From the current price of $0.000007557, this marks a 647.651% rise.

That being said, there is no 100% guarantee that the asset could rise to the aforementioned target by 2029. The crypto market is highly volatile, and the price could swing in either direction. However, do your own research before diverting funds towards SHIB or any other asset.

Also Read: Shiba Inu: SHIB to Hit $0.001 If Its Market Cap Touches $550 Billion?