After an interesting 2023, the Shiba Inu community is looking for insight into what 2024 might hold for their beloved meme coin.
The crypto community expects a massive bull run next year because of the Bitcoin halving event estimated to happen in April.
Crypto analytics firm Telegaon recently updated its SHIB predictions, suggesting potential price surges over the next three decades.
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Recovering from a Bearish Slumber
Before we look at the predictions for next year and beyond, Telegaon also predicted SHIB’s price for 2023. SHIB is currently trading at $0.00001033, up 5.38% in 24 hours, and Telegaon expects a minimum price of $0.0000121 by the end of the year.
This news is good for the Shiba Inu community, as their token can only go up from here. Telegaon predicts an average price of $0.0000189 and a maximum of $0.0000216.
2024 and Beyond
If SHIB maintains its momentum, 2024 could see Shiba Inu keep climbing, with a predicted average price of $0.0000367 and a maximum price of $0.0000571. Increased market acceptance and continuous token-burning initiatives could propel it further. However, bearish dips might bring it down to the predicted minimum price of $0.0000221.
2025 will bring SHIB closer to breaching its all-time high. Telegaon predicts an average price of $0.0000652, with a potential maximum of $0.0000728 and a minimum of $0.0000568.
2026 could be the year SHIB finally achieves the monumental accomplishment of breaching its all-time high, as Telegaon predicts a maximum price of $0.0000943, much higher than SHIB’s peak of $0.00008845. However, if SHIB cannot reach its maximum price, it will still fare well, with an average price of $0.0000822 and a minimum of $0.0000731.
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By 2030, Shiba Inu could reach an average of $0.000646 and peak at $0.000712. Even a bearish scenario predicts a respectable average of $0.000593.
By 2040, the average price could soar to $0.076, with a peak of $0.089, thanks to a potential halving of the token supply, as Telegaon expects that the SHIB team would have burned half of the supply by then. A bearish scenario still predicts a comfortable average of $0.054.
Finally, 2050 paints a wonderful picture for SHIB. Telegaon believes it could become one of the few surviving meme tokens by 2050, averaging $0.89 and peaking at a breathtaking $1.06.
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