Popular meme coin and cryptocurrency project shiba inuhas been trying to reach its target of $0.01 for a while. While many different sources are interpreting the price of the SHIB price in the near future, the $0.01 target can still be described as a “dream”. Here are the remarkable comments of the experts.
According to Finder, the SHIB price will reach $0.00004930 by 2025. Finder surveyed 55 fintech experts and industry experts on how SHIB will perform. Majority of respondents (50%) upcoming layer-2 solution shibariumNot sure if it will positively affect the Shiba Inu price. Only 25% of respondents indicated that Shibarium will have a positive impact on price. But it is an important detail that Finder’s report is for October 2022. Much has changed since then, and market behavior has changed dramatically.
On the other hand, Changelly offers a more pessimistic view of SHIB. The crypto exchange thinks that the Shiba Inu price will only reach a maximum of $0.00002694 by 2025. Also, Changelly stated that the asset will only reach $0.00017 in 2030.
Telegaon, an analytics company, also released a 2023 to 2050 forecast for the SHIB price last Monday. According to the forecast, the asset will be no more than $0.0000316 this year, with an average of $0.0000239. In addition, he predicts that the price of the Shiba Inu could rise to $0.000712 in 2030 and as high as $0.089 in 2040. The analytical tool estimates that it will take another 27 years for the asset to reach a price of $1.
Is $0.01 a Realistic Prediction for the Shiba Inu?
Reaching $0.01 from current price levels would require a gain of 117963.75%. As of now, nothing is pushing the price of the SHIB apart from the anticipation surrounding the Shibarium. However, given that market sentiment is still low and the financial world is still trying to recover from the post-pandemic woes and the Russia-Ukraine war, a spike seems unlikely.
Moreover, most sources do not predict that the Shiba Inu will reach $0.01. Even Telegaon says that SHIB will only reach $0.89 in 2040, that is, 27 years from now. Therefore, such an optimistic view of SHIB does not seem advisable.
At the time of writing, SHIB was trading at $0.00000847, down 0.2% in the last 24 hours.
You can follow the current price action here.