A New All Time High after Next Bitcoin Halving In 2024
Shiba Inu has enough potential to cross the $9 mark in the future.
Despite the underperformance of Shiba Inu (SHIB), cryptocurrency analytics and forecasting firms still have some favorable future predictions for the second-biggest memecoin.
According to a recent market update shared by Telegaon, a cryptocurrency research firm that uses Artificial Intelligence to forecast the prices of digital currencies, the price of a unit of SHIB could surge as high as $9.61 by 2050.
The analytics firm made different price predictions for SHIB from 2022 to 2050. Telegaon made the price prediction in three categories: minimum, average, and maximum price.
Telegaon Shiba Inu Predictions
By 2025, a year after the next Bitcoin halving, Telegaon noted that SHIB will hit a new all-time high (ATH). On average, the price target for Shiba Inu in 2025 is $0.0001152 while the maximum price target is set at $0.0001928.
Similarly, the cryptocurrency research firm noted that it is expecting SHIB to reach an average price of $0.000935 and a maximum price of $0.00112 by 2030.
Telegaon noted that it expects Shiba Inu to surge again to a new all-time high by 2040 because the second-biggest memecoin must have burnt 50% of its total supply.
“By 2040, we may expect an average price of $2.76 depending upon the market trend. Our maximum price prediction for Shiba Inu Coin is $4.15 in 2040,” Telegaon said.
SHIB to Peak at $9.61 By 2050
Telegaon’s highest price prediction for Shiba Inu is scheduled for 2050 when it stated that SHIB can rise to an average price of $7.89, while the minimum price target is set around $5.42 and the maximum price of $9.61.
“The maximum price is expected to be trading around $9.61. If there is any bull rally in 2050 the prices of Shiba Inu coins may skyrocket and surpass our price forecast,” the cryptocurrency forecast company added.