Shiba Inu: Multiple Sources Predict SHIB Price, Will it Hit $0.01?

Paigambar Mohan Raj
Source: Analytics Insight

Shiba Inu (SHIB) is one of the most popular crypto projects out there. One of the goals of SHIB fans and users is for the token’s price to hit $0.01. Many sources have made predictions about SHIB’s price for the foreseeable future. However, is $0.01 a reality?

According to the fintech comparison platform Finder, SHIB prices will hit $0.00004930 by 2025. Finder polled 55 fintech specialists and industry experts on how SHIB would perform. Most of the panel (50%) were not sure that Shibarium, SHIB’s upcoming layer-2, would positively impact Shiba Inu’s price. Only 25% felt that Shibarium would have a positive impact on the asset’s price. However, it should be noted that Finder’s report is from October 2022. A lot has happened since then, and market behavior has significantly changed.

On the other hand, Changelly has a more pessimistic view of SHIB. The non-custodial crypto exchange says SHIB would only be able to secure a maximum price of $0.00002694 by 2025. Furthermore, Changelly says that the asset will only reach $0.00017 in 2030.

An analytics company, Telegaon, also pitched its predictions for SHIB from 2023 to 2050 in a report published last Monday. According to the estimate, the asset will cost no more than $0.0000316 at its highest price this year and $0.0000239 on average. In addition, Telegaon forecast that the price of Shiba Inu might soar to a high of $0.000712 by 2030 and $0.089 in 2040. The analytical tool estimates that it would take the asset another 27 years to reach a price of $1.

Will Shiba Inu realistically hit $0.01?

Reaching $0.01 from current price levels would mean a gain of 117963.75%. As of now, there is nothing pushing SHIB’s price other than the anticipation around Shibarium. However, given that market sentiment is still low and the financial world is still recovering from post-pandemic woes and the Russia-Ukraine war, a sudden surge seems unlikely.

Moreover, most of the sources do not predict SHIB reaching $0.01. Even Telegaon says that SHIB will reach $0.89 only in 2040, 27 years from now. Therefore, such an optimistic view regarding SHIB does not seem advisable.

At press time, SHIB was trading at $0.00000847, down by 0.2% in the last 24 hours.