Shiba Inu investors are the most confident lot in the broader cryptocurrency market despite the token moving backward in the charts. SHIB investors firmly believe that the token will eventually breach the $0.01 mark, hit 50 Cents, and also reach the $1 milestone.
If these three ‘dreams’ turn out to be true, present-day SHIB holders will not only turn into millionaires but could also make billions. Therefore, Shiba Inu traders are willing to hold the token for as long as possible, as it’s the only cryptocurrency that they believe will bring in the moolah.
Also Read: When Will SHIB Reach 50 Cents?
We cannot blame them for their belief as SHIB spiked 85,000,000% (85 million percent) between its launch in August 2020 to October 2021. It deleted six zeroes between the two dates and made early investors millionaires in a short period. They now believe that Shiba Inu will replicate its previous performance someday in the future and generate life-changing wealth.
Shiba Inu Forecasted To Reach 62 Cents: Here’s The Tentative Timeline For SHIB to Hit $0.62
Top on-chain metrics and price prediction firm Telegaon is extremely bullish on Shiba Inu. The firm has predicted that long-term SHIB holders could reap all the benefits from a possible bull run.
Also Read: Rags to Riches: Shiba Inu Made $1,000 Turn into $10 Million
According to the bold price forecast, SHIB is predicted to hit the $0.62 mark sometime in 2050. The prediction claims that Shiba Inu will reach 62 Cents nearly 26 years from today. That’s considered a long-term investment and is called ‘diamond hands’ the cryptocurrency terms.
Also Read: SHIB June 2024 Price Prediction
Whether SHIB can make it till there or fall out completely, only time will tell. Nobody can guarantee what its price is going to be in 2050. It is advised to do thorough research before taking an entry position into Shiba Inu as the market is volatile.
Shiba Inu is currently trading around the $0.000016 mark on Monday and is mostly moving sideways in the charts. It’s down 6.5% in 24-hours and is down 81% from its ATH of $0.00008616, which it reached in October 2021.