The post Shiba Inu Price Prediction: SHIB Price To Hit $1 By 2050 – Predicts Analyst appeared first on Coinpedia Fintech News
Shiba Inu, the hot topic in the crypto market lately, is making waves with its recent price movements. Just a week ago, it trimmed a zero from its price and got closer to $1, currently trading at $0.00001087. This has led to a steady 15% price growth.
Notably, the coin’s market cap crossed the $2 billion mark in the past month, signifying a significant shift from a meme coin to a utility coin. Investors have witnessed an astounding 12,000,000% increase from its lowest point. Since its launch three years ago, Shiba Inu has amassed 3.54 million addresses, a remarkable feat.
Driving Factors Behind Shiba Inu Price Surge
The present market boom can be attributed to two major factors: the upcoming debut of Shibarium and the announcement of Binance collateral. These developments have attracted the attention of numerous analysts, adding to the coin’s upward momentum.
One particularly optimistic analyst suggests that Shiba Inu could potentially hit the $1 mark by 2050, positioning it just below the top 10 cryptocurrencies. Telegaon, a Web3 portal focusing on price forecasts, recently shared its predictions for Shiba Inu’s price based on current performance and thorough analysis.
SHIB Price Prediction
According to Telegaon’s insights, Shiba Inu is predicted to average $0.0000467 next year, with a peak price of $0.0000571. However, it’s anticipated to take another five years for Shiba Inu to shed another zero and trade at $0.000207.
Following this, a prolonged upward trend is expected, maintaining an average price of $0.076 in 2040. The peak price could touch $1.06 by 2050. It’s important to note that Shiba Inu needs a remarkable 100,000% growth to reach $1.
Recent Performance
Over the past 24 hours, the crypto’s value has surged by $0.0000006. Impressively, Shiba Inu has displayed a positive trend in the last week, witnessing an 11.37% increase. Recent signs of robust potential indicate an opportune time for investors to consider acquiring the token.
Looking back, SHIB’s price jumped by 31.39%, adding an impressive $0.0000033 to its current value. This rapid growth could establish the coin as a valuable asset if the trend persists.
