The price trajectory of the Shina Inu, the second-largest meme coin, has constantly emerged as a topic for debate among the crypto community, especially SHIB holders.
Since its remarkable rally in 2022, which saw it surge to attain a price all-time high (ATH) of $0.00008616, Shiba Inu (SHIB) has been struggling to replicate a similar rally that made most early SHIB investors millionaires.
Read Also: Google Bard Predicts Shiba Inu (SHIB) Price Should Bitcoin Hit $200,000 After Halving
At the time of writing, CoinGecko revealed SHIB’s selling price to be approximately $0.000009407, an 89% decline from its ATH.
Statistics also disclosed that the token recorded a 6.3% increase from its value in the previous year, implying that there was no significant increment throughout the previous year.
Whether SHIB will put out an impressive outing this year is left to be seen. However, with a potential bull season in sight, it is expected that SHIB will outdo its previous year’s performance.
Meanwhile, Talegaon, a digital assets and stocks analytics platform, has dropped the updated Shiba Inu (SHIB) long-term price prediction. Notably, the predictions by the analytic platform were based on deep technical analysis and SHIB’s current performance.
In this insight, we let readers know when Talegaon expects Shiba Inu (SHIB) to hit $0.05.
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Shiba Inu’s Price Projections For The Coming Potential Bull Season
Following an already scheduled Bitcoin halving event estimated to happen in April, history makes it known that it will usher in a bull season that will extend to 2025.
Talegaon noted that if SHIB maintains its recent growth momentum in 2024, it could achieve a maximum price level of $0.0000571. The analytic outlet added that SHIB could soar above the projected peak price for the year if it sees a surge in adoption rate.
On the other hand, in a bearish situation, SHIB could decline to a $0.0000221 level. On average standings, Talegaon projected SHIB’s value to be $0.0000367.
For 2025, Talegaon noted that a significant increase in token burn will play out, which could drive SHIB to a peak price of $0.0000728 for the year. Average and minimum prices for the year will be $0.0000652 and $0.0000568, respectively.
Read Also: Can Shiba Inu (SHIB) Claw Back In 2024 To Prove Bearish Experts Wrong?
When is Shiba Inu (SHIB) To Trade At $0.05?
Looking closely at Talegaon’s price predictions table, SHIB at $0.05 does not seem probable in the years 2020s and most of the 2030s.
Giving its insight on SHIB’s possible price actions, the analytics platform noted that the token boasts the potential to survive up to 2040, adding that Shiba Inu might have also incinerated half of its massive supply pool by then.
Talegaon remarked that SHIB’s maximum, average, and minimum prices in 2040 will be $0.089, $0.076, and $0.054. It is left to see how events unfold.
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