Leading meme cryptocurrency Shiba Inu is predicted to reach an ambitious price target of 2 Cents and 3 Cents. The timeframe for the target is estimated to occur between 2040 and 2050, according to a revised SHIB forecast from Changelly, a leading on-chain metrics and price prediction firm.
Shiba Inu is currently trading at the $0.00001195 mark on Monday and is up 2% in the day’s trade. For SHIB to reach the 2 Cents and 3 Cents mark, it must surge by more than 200,000%. For the uninitiated, SHIB had already surged by more than 85,00,000% (85 million percent) between 2020 and 2021.
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Should You Hold Shiba Inu Till 2050 For It To Reach 2 and 3 Cents?
While Shiba Inu’s 2 and 3 Cents price target from Changelly is ambitious and larger-than-life, the metrics don’t meet the point. SHIB has a circulating supply of 589 trillion tokens and could never remain scarce. There’s an unending supply and plenty of tokens up for grabs for everyone.
If Shiba Inu tokens do not get scarce, the demand will never increase, leading to price stagnation. Only if 90% of the supply is burned and sent to the dead wallet, would its price sustainably scale up in the indices. The chances of that occurring now remain slim, but we cannot dictate what would happen after 20 to 25 years.
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The best take here would be to invest only what you can afford to lose. Predicting a meteoric rise for the next 25 years with its unending circulating supply is sketchy. Therefore, accumulate SHIB now and hold on till 2050 with only the money that you can afford to let go. If Shiba Inu indeed hits 2 and 3 Cents in 2050, you could make millions. If it doesn’t, at least the money that is underwater, you could afford to lose it, without affecting your personal life.