Shiba Inu (SHIB) emerged as one of the top gainers of the previous week following a 14% rise. The asset has been working towards shedding the meme coin tag and emerging as a utility cryptocurrency.
The SHIB network has been doing so by expanding its ecosystem and bringing about increased real-life use cases. This vision of the network has led to the community believing that the asset will soon witness a price rise and not only move beyond the 1 cent mark but also reach 4 cents.
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At press time, SHIB was trading at $0.00001498, a dainty rise of 1% over the past 24 hours. This increase is linked to the market’s overall growth and the network’s plans to launch a DAO.
Shiba Inu’s Future Prospects and Community Initiatives
Over the weekend, Lucie, the pseudonymous marketing head for Shiba Inu, said the team would launch a decentralized organization (DAO). This would allow meme coin holders to vote on upcoming projects and influence the project’s future course.
The SHIB network is already a community-driven project, and with the introduction of a DAO, the asset’s price could witness drastic growth.
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Shiba Inu’s Journey to 4 Cents
Considering SHIB’s current price level, the asset is expected to rise by 266,554% to reach the 4-cent mark. This is clearly not an easy task that can be achieved overnight or in the coming year.
Long-Term Price Prediction
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According to data from Telegaon, SHIB will reach this milestone sometime between 2035 and 2040. This feat will take more than a decade to realize, so holding onto SHIB with patience is the only way to reap benefits.