The popular meme token Shiba Inu (SHIB) is among the cryptocurrencies that have been losing value in the last period. Accordingly, the meme token has fallen in line with Bitcoin price over the past two weeks. However, some crypto analysts still have some positive predictions for the second largest memecoin. In fact, according to some forecasting companies, it is even possible for the Shiba Inu to see $ 9 in the future. Let’s take a look at some future price predictions for Shiba from a leading analytics company.
Telegaon, a crypto research firm that uses artificial intelligence to predict the prices of digital currencies, has predicted the price of SHIB. According to a recent market update from the company, the Shiba Inu could even see $9 in the future. Accordingly, the meme token has the potential to rise to $9.61 in 2050. In fact, the analytics firm has announced different price forecasts for the Shiba Inu from 2022 to 2050. Estimates accordingly; It is evaluated in three categories as minimum, average and maximum price.
SHIB will make ATH by 2025
The next Bitcoin halving will take place in 2024. Accordingly, the analysis firm predicts that SHIB will reach its new all-time high one year after the halving. On average, the price target for the Shiba Inu in 2025 is posted at $0.001152. Additionally, the maximum price target that the token is likely to reach is $0.0001928.
Similarly, Telegaon stated that the meme token will average $0.000935 by 2030. He added that he expects the coin to reach the maximum price of $0.00112. Also, the company said it expects the Shiba Inu to rise again to an all-time high by 2040. He stated the reason for this is that the second largest memecoin burned 50% of its total supply:
“By 2040, we expect the average price to be $2.76 depending on the market trend. Also, as Telegaon, our maximum price prediction for the Shiba Inu altcoin is $4.15 in 2040.”
Shiba Inu will hit over $9 by 2050
Telegaon’s highest price prediction for the Shiba Inu is 2050, when the SHIB price will rise to an average of $7.89. Accordingly, the minimum price target that the meme token will reach at that time is $5.42. The maximum price is stated as $ 9.61:
“The cryptocurrency prediction company expects the Maximum price to trade around $9.61. Accordingly, if there is any bull rally in 2050, the Shiba Inu price will skyrocket. Thus, it will exceed even your estimation.”
Shiba Inu (SHIB) annual price forecastEstimates are uncertain
Investors should not completely rely on Telegaon’s price prediction for SHIB. This is because along the way, events may occur that will push the Shiba Inu price below the forecast. It is also possible for events to occur that result in an above-predicted price. For example, Telegaon estimated this year’s SHIB minimum price of $0.00003158. However, memecoin is trading well below this estimate due to a number of factors including rising inflation and the Terra crash. Currently, SHIB is down 90.6% from its all-time high of $0.000008616. Shiba Inu tokens are currently trading at $0.00000817.
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