Shiba Inu Could Reach $5 By 2050, According to This Crypto Analyst
Telegaon, a forecasting and analytics platform akin to Gov Capital and Wallet Investor that leverages AI-powered technical analysis, has presented a rosy picture for Shiba Inu long-term investors. Shiba Inu might be worth $5 by 2050, according to the analytics firm. Shiba Inu will cost a minimum of $5.42 and a high of $9.61 in 2050, according to Telegaon. SHIB's average trading price in 2050, according to the business, might be about $7.89.
SHIB must increase by 26,000,000% from its present price in order to achieve $5. SHIB has increased by 42,000,000% since its beginning in August 2020 till today.
According to Telegaon, SHIB might reach a minimum price of $1.13 by 2040, surpassing the $1 milestone. SHIB's highest price might reach $4.15 in 2040, according to their forecast, and its average trading price could be about $2.76.
SHIB is expected to reach $0.001 by the end of 2030, according to Telegaon. In addition, Telegaon expects that SHIB will surpass the '1 Cent' mark sometime between 2030 and 2040.
Current SHIB holders may benefit from generational wealth if Telegaon's estimates for 2040 and 2050 are correct. However, 28 years is a long time from now, and the bulk of existing investors may decide to sell before then.
Telegaon's Shiba Inu pricing projection for the coming year is as follows:
We'll have to wait and see, then return in 2050 to see if Telegaon's projections are correct.
According to Telegaon's forecast, "We would like to encourage our readers to do some personal level analysis and study before making any crypto investment," "We would like to suggest our readers do some personal level analysis and study before making any crypto investment."
Shiba Inu: The Present
Let's take a step back from the future and consider Shiba Inu's current situation. In 2022, the dog-themed token has been declining for six months with no indications of recovery. SHIB began the year with four 'zeroes,' but in June added an extra 'zero,' making it five zeroes. It's also down 90.4 percent since its all-time high of $0.00008616 on October 28, 2021.
Today, investors may get 1 million SHIB tokens for just $10. SHIB is still regarded as a low-hanging fruit in the cryptocurrency world. The Shibarium layer-2 solution, SHIB: The Metaverse, ShibaNet, and ShibaSwap 2.0 are still in the works.
Shiba Inu was trading at $0.00000817 at press time, down 0.4 percent in 24-hour day activity. It's also down 35% in the previous 30 days of trade.