The recent relief rally in the crypto market, Shiba Inu It offers an opportunity for the price to regain the value it has lost in the past weeks.
SHIB is currently trading at $0.00002505 and is up 2.6% in the last 24 hours. This also represents an 11.3% rise on the weekly charts and a 1.2% rise over the last 14 days. Similarly, Shiba Inu price It increased by 12.2% in the last month.
Following Shiba Inu’s recent rally, leading prediction platforms have changed their timelines for the asset to hit bold price targets. These targets include levels such as $ 0.000646 and $ 0.62.
Shiba Inu reaching the $0.000646 price level may seem like a difficult task as SHIB would need to rally 2.478% from its current price.
However, Telegaon predicts that the Shiba Inu could achieve this goal by 2030. Telegaon targets $0.000646 meme coinIt estimates the average price for 2030.
Changelly analysts do not expect the Shiba Inu to reach the $0.000646 target before 2032. Changelly predicts that in 2032, SHIB will trade at a minimum of $0.0006769, an average of $0.00069693, and a maximum of $0.00081291.
$0.62 Scenario for Shiba Inu
Meme coin reaching the $0.62 target is seen as a more difficult task. To achieve this target, SHIB needs to increase by 2,474,949% from its current price.
However, Telegaon still believes that SHIB can achieve this feat in its lifetime. According to Telegaon, SHIB could reach a minimum price level of $0.62 by 2050. $0.62 target. The platform speculates an average price level of $0.89 and a maximum of $1.06 for the same year.
Meanwhile, Changelly does not think SHIB will be able to reach its target of $0.62 by 2050. Changelly analysts predict that SHIB will trade at a maximum level of $0.033 by 2050. Changelly analysts have not yet published any other predictions for meme coin after 2050.
Many investors may find the potential for SHIB to rise to $0.62 unrealistic given the token’s large circulating supply. The Shiba Inu community has been engaged in a continuous burning campaign to reduce the supply of SHIB, and over 410.7 trillion SHIB have been burned so far.
Currently, ecosystem developers are burning SHIB using a portion of Shibarium gas fees. The team may launch more initiatives to intensify SHIB burns in the future.
Source : The Crypto Basic
