Shiba Inu is currently trading around the $0.00001616 price level on Friday. The token is on a downward trajectory and another dip could take its price to trade with five zeroes at $0.000009. SHIB remains on a slippery slope as the broader cryptocurrency market is facing macroeconomic pressure. Amid all the uncertainty, investors are hopeful that SHIB will breach the 1-Cent ($0.01) mark hook or crook in the future.
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The majority of SHIB holders hold the belief that the token will sooner or later make them millionaires. The belief comes after Dogecoin skyrocketed in price in 2020 to 2021 making early investors make millions. This phenomenon led Shiba Inu investors to believe that the idea of making millions might take time, but will come.
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In this article, let’s skip the 1-cent mark and go ahead further to 5 Cents ($0.05). Here’s the latest price prediction on when Shiba Inu could breach the 50 Cents milestone and make investors turn multi-millionaires. The prediction comes from leading on-chain metrics and price prediction firm Telegaon.
Shiba Inu: When Will SHIB Climb Above 5 Cents ($0.05)?
Telegaon has painted an extremely bullish forecast for Shiba Inu in the coming decades and more. According to the latest price forecast from Telegaon, SHIB could breach the 5 Cents ($0.05) mark in the next decade and a half in 2040. The forecast estimates that Shiba Inu could reach $0.054 in 2040 and make present-day holders millionaires.
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That’s another 16 years from today and is considered a long-term investment holding. While not many may hold on to SHIB for that long, the ones who do might get to taste the millionaire lifestyle. Also, the cryptocurrency market is like an axel blade which cuts both ways delivering losses. There is no guarantee that Shiba Inu could reach 5 Cents in 2040. It is advised to do thorough research before buying SHIB and trade at your own risk.