Top Analytics Firm Predicts Timeline for Shiba Inu (SHIB) to Hit $0.89

Shiba Inu (SHIB) has been on a quest to regain its former glory for a long time. In 2021, $12 yielded $1 million, and SHIB wants to recreate that for users. A prominent crypto analytics firm Telegaon, has offered projections on when SHIB might reach certain higher prices.

Telegaon provides crypto price forecasts based on deep technical analysis of the token’s history and current performance.

Telegaon is one of the top analytics firms in the crypto industry, and its opinions are respected. The Telegaon report predicts SHIB’s price from 2023 to 2030, then 2040 and 2050.

To put this into perspective, Shiba Inu has to surpass its all-time high of $0.00008845, which it achieved in October 2021. Since SHIB hit this peak, its journey has been marked by a prolonged downturn.

Despite this significant setback, the Shiba Inu community remains optimistic about a potential comeback. Even though the timing remains uncertain, Telegaon has more interesting predictions for SHIB.

Telegaon’s Predictions For Shiba Inu (SHIB)

According to the predictions released, Telegaon expects Shiba Inu (SHIB) to trade at an average of $0.89 by 2050. The maximum price expected is $1.06 with a minimum of $0.62. As SHIB currently trades at $0.000007394, reaching $0.89 will be a jump of 12,036,686%

Moving further, Telegaon predicts that SHIB could have an average trading price of $0.000646 by 2030, with a minimum of $0.000593 and a maximum of $0.000712.

For 2040, the analytics firm predicts an average of $0.076, a minimum of $0.054, and a maximum of $0.089.

Source: Telegaon

Notably, these predictions are very similar to Google Bard’s forecast for SHIB. However, it is crucial to emphasize that while these are intriguing insights, the analytics firm states that the predictions should not be taken as financial advice.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.