Forecasting and analytics platform using AI-powered technical analysis telegaon, has a new forecast for long-term owners of Shiba Inu. Telegaon predicts that the token price will reach a minimum of $5.42 and a maximum of $9.61 in 2050. The firm claims that the average transaction price of SHIB in 2050 could be around $7.89.
For SHIB to reach $5, it means an increase of 26,000,000% from the current price of the token. SHIB has managed to increase 42,000,000% since its inception in August 2020 and has attracted attention in the cryptocurrency world.
According to Telegaon, the Shiba Inu may manage to surpass the $1 milestone by 2040 and touch a minimum price of $1.13. His forecasts also state that the maximum price of SHIB could reach $4.15 in 2040, with the average transaction price being around $2.76.
Telegaon also predicted that SHIB will exceed $0.001 by the end of 2030: “SHIB could break the ‘1 Cent’ milestone anywhere between 2030 and 2040.”
If the analytics firm’s forecasts come true in 2040 and 2050, current SHIB holders could make a huge fortune. However, 28 years is a very distant date from today, and the vast majority of current owners may not hold the asset until then.
Of course, the only way to see if Telegaon’s predictions are correct will be to wait until that date. Of course, these assets are very risky and therefore everyone should do serious research before making their own investment decision.
Investors can purchase 1 million SHIB tokens for just $10 today. Shibarium layer-2 solution, SHIB: Metaverse, ShibaNet and ShibaSwap 2.0 are not yet released.
At press time, the Shiba Inu was trading at $0.00000817 and was down 0.4% in 24-hour day trading. It is also down 35% in the last 30 trading days.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.