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HomeCryptocurrencyAnalytics Firm: Shiba Inu (SHIB) Could Reach $5 by 2050

Analytics Firm: Shiba Inu (SHIB) Could Reach $5 by 2050

Telegaon, a forecast and analytics firm, which uses technical analysis powered by Artificial Intelligence (AI) similar to Goy Capital and Wallet Investor, has released the possible trend of Shiba Inu (SHIB) from now till 2050.

According to the analytics firm’s prediction, Shiba Inu (SHIB) could reach $5 by the year 2050. The firm predicted that the leading dog-themed token SHIB will reach at least $5.42 and at most $9.61 in 2050. The firm added that the average price of SHIB in 2050 could be around $7.89.

Read Also: A Mysterious Shiba Inu Whale Sold 9.47 Trillion SHIB before the 30% Dip: Details

It should be noted that Shiba Inu (SHIB) needs to surge about 26,000,000% from its current price to hit $5. Recall that the digital token has surged 42,000,000% from its launch price. However, the time frame makes the price prediction attainable.

In the report, the firm also said SHIB will likely surpass the $1 milestone by 2040 and reach at least $1.13. The firm added that the price of the cryptocurrency could hit $4.15 in 2040, with an average trading price of $2.76.

Telegaon also forecasted that SHIB will break above $0.001 level in 2030 and could reach $0.01 between 2030 and 2040.

The report reads in part:

“Before 2040, the Shiba Inu team might burn half of its token supply. As per our Shiba Inu price forecast, the Shiba Inu Coin prices can hit a new ATH level this year. 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. While the minimum price level can be around $1.13. If the market gets bullish, the Shiba Inu Coin may surge more than our Shiba Inu Coin price forecast in 2040.

Read Also: Beta Finance Lists Shiba Inu: Users Can Now Lend, Borrow, and Short SHIB On-Chain

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“Shiba Inu Coin has great potential if you’re going to hold it for the long term. The year 2050 can end with an average price of $7.89 while the minimum price value of Shiba Inu Coin can be around $5.42. Along with Shiba Inu Coin, many cryptos can hit their new all-time high this year. The maximum price is expected to be trading around $9.61. If there is any bull rally in 2050 the prices of Shiba Inu Coin may skyrocket and surpass our price forecast.”

Analytics Firm: Shiba Inu (SHIB) Could Reach $5 by 2050
Source: Telegaon

If the forecasts between 2040 and 2050 play out as predicted by Telegaon, many millionaires and billionaires would be made from the current holders of SHIB tokens. Howbeit, 28 years is still very long from here. Besides, not all today’s SHIB holders will hodl the digital token for such long years.


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Solomon Odunayo
Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.
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