First of all, Shiba Inu (SHIB) price needs to recover to reach $0.0001. After that, it must surpass the all-time high of $0.00008845.
The popular meme coin has fallen far from its ATH!
cryptokoin.comAs you follow from , Shiba Inu reached its ATH value in October 2021. However, the popular meme coin has moved away from this level in parallel with the collapse of the market. After an elaborate multi-year correction, SHIB was never able to see these levels again.
The Shiba Inu has given back nearly all of his gains in 2021, falling 91.5% from his all-time high. However, market participants are hoping for a recovery, although they are unsure of the timeframe required. Analysis platform Telegaon has made various projections in this ongoing confidence environment.
SHIB price projections
In one of its latest reports, the analytics platform examines the Shiba Inu’s historical data, including its origins and appeal to investors. The platform highlights SHIB’s astronomical rally in 2021. It also highlights the price drop that followed. Following this, Telegaon predicts a timeline for an imminent recovery. In this context, according to the platform, it is possible for the Shiba Inu price to reach the target of $ 0.0001 in 2027. This represents a 1,231% increase in the SHIB price over four years. While this estimate seems quite ambitious, Telegaon’s estimates are higher.
Not only does the platform predict that SHIB will regain $0.0001 in 2027. He predicts that the Meme coin will trade at an average price of $0.000153 that year. According to Telegaon, Shiba Inu minimum price for 2027 will be $0.0000945. Additionally, the platform predicts that the maximum price will be $0.000198. Apart from the $0.0001 forecast, Telegaon offers various projections for SHIB’s performance through 2050. Projections show a higher trend for SHIB as the years progress. Notably, Telegaon predicts that SHIB will reach $1 by 2050.
Analysis of SHIB projection
Despite its importance, Telegaon’s predictions do not constitute investment advice for market participants. Because although it is possible for Shiba Inu to achieve these price targets in the projected time frames, it is unlikely. However, we will witness how SHIB will perform as the years progress. The community has welcomed projects like Shibarium to help transform the ecosystem. However, these projects do not represent attempts to pump prices, but rather ways to support demand and utility.
Shiba Inu was trading at $0.000007498, up 2.77% in the last 24 hours. SHIB struggled to maintain its position above $0.000008 with the bears constantly shifting. Additionally, the popular meme coin has seen a 7% decline this year.
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