The Shiba Inu (SHIB) dream to claim a $0.02 (2 cents) price might not be mere wishful thinking, according to Telegaon, which predicts SHIB to hit this target between 2030 and 2040.
Shiba Inu stirred new excitement within its community with its current price action. The token extended its gains by 12.15% overnight to $0.00000926 with its market cap and trading volume touching $5,447,783,320 and $469,642,081 respectively.
This level of growth, which earned SHIB its highest price for the month has sparked a new wave of optimism. This expectation hinges on the token’s prospects of erasing one zero in the short term and for it to retest 1 cent in the long term.
Telegaon’s Timeline for SHIB to Hit 2 Cents
Acknowledging that Shiba Inu has evolved beyond just its early meme status, Telegaon cited the token’s integration into payment systems and listing on mainstream exchanges as the basis for its price to hit impressive levels in the long term.
According to Telegaon’s predictions, Shiba Inu will likely close this year at a minimum price of $0.0000121, implying it will erase one zero from its current price level. The platform projected $0.0000316 as the best price achievable by SHIB by the end of 2023 with an average of $0.0000239.
Telegaon projected further impressive increments for SHIB for 2024 to 2040 at which period it believes SHIB will hit a maximum price of $0.089.
Over the years, the SHIB community has nursed the intention of seeing the price of SHIB touch the 1 cent level. Interestingly, Telegaon places the odds of this happening, alongside hitting 2 cents to 8 cents between 2030 and 2040.
For the strongest SHIB believers with the resolve to hold on to the token, Telegaon predicts a massive payoff that might see the token touch an ultimate high of $1.06 by the end of 2050. However, this remains speculative at the reporting time.
Preparing for this Glorious Era
The current advances within the Shiba Inu ecosystem show an ongoing evolution. The team behind the project is not sitting on their oars as they introduce new applications to sustain the token’s potential as a utility.
While Shibarium comes off as the most hyped of the apps, others including ShibaSwap play a central role in driving the adoption of Shiba Inu, and should the demand stay elevated, attaining Telegaon’s projections might become feasible.
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