Telegaon, a popular crypto analytics platform, predicts that Shiba Inu (SHIB) will experience a notable price increase in 2027, according to its latest analysis. While SHIB is considered one of the most notable assets in the cryptocurrency world, Telegaon analysis sheds light on the future potential of this popular meme coin.
According to Telegaon, a prediction and analytics platform that uses AI-powered technical analysis, SHIB will rise above $0.0001 in 2027. This represents a significant increase compared to the current value of the token. Shiba Inu is currently trading at $0.00000727, down 91.54% from its all-time high of $0.00008616. Considering current pricing, this increase could be of great interest to SHIB investors.
However, Telegaon’s predictions do not end there. The analysis platform also claims that SHIB will reach an average price of $0.000153 in 2027. For SHIB to reach $0.000153 in 2027, the asset would need to increase by 2.104% from its current price of $0.00000727.
Investors were hoping for a massive SHIB rally following Shibarium’s mainnet launch. However, it did not happen as expected, on the contrary, there was a price decrease. Following SHIB’s current performance, many investors believe that it is impossible for the asset to reach the previous ATH and potentially rise to $0.0001.
Analysts at Telegaon have painted a rosier picture for SHIB’s price by 2040. It was claimed that the average price of SHIB would be around $0.076 by 2040.
On the other hand, Telegaon analysts gave a more likely forecast for SHIB by the end of 2023. He noted that SHIB could take zero out of its price and rise to an average of $0.0000239 by the end of the year.
Telegaon’s outlook for SHIB may be attractive to investors. However, some may doubt the likelihood of SHIB achieving this feat, given the current circulating supply.
These predictions by Telegaon’s analysts are made considering the highly volatile nature of the cryptocurrency market and it is important to note that future price movements depend on many factors. SHIB investors should always exercise caution and make their own decisions by doing their own research.
You can follow the current price movement here.
Source : the crypto basic