Recently, Shiba Inu (SHIB) seems to grab headlines because of the uncertainties associated with the coin’s future. While the meme crypto platform continues seeking ways to salvage its outlet, several crypto analytical firms have always attempted to give a futuristic price prediction for the dog-themed digital asset.
In a recently-published blog post, ChangeNow, a limitless Web 3 crypto firm, projected a 0.0000225 price high for SHIB tokens for 2024. The blog post centered on Shiba Inu’s current standings changes in the meme coin ecosystem and the token’s price predictions from 2023 to 2030.
Ready to invest in $SHIB?
— ChangeNOW (@ChangeNOW_io) May 31, 2023
Major Takeaways From The Blog Post On Shiba Inu (SHIB) Volatility
ChangeNow highlighted the visible market volatility associated with Shiba Inu. It revealed that the SHIB price remained negligible until April 2021. The coin finally defied all odds to attain an all-time high of $0.00008616 on October 28, 2021.
In addition, the Web 3 crypto platform highlighted several projects, such as the launch of Shiboshi NFTs and listing on major exchanges like Coinbase Pro and Binance. These projects are crucial in propelling Shiba Inu forward and increasing the coin’s global adoption.
On the contrary, ChangeNow noted the declines witnessed in Shiba Inu’s realm, which saw SHIB investors suffer losses.
Factors That Could Change Shiba Inu Fortunes
ChangeNow highlighted similar factors to the ones mentioned by the Microsoft AI model. Recall that in one of our previous reports, Bing gave an insight into Shiba Inu (SHIB) price predictions. The AI model highlighted three key factors that could positively impact Shiba Inu’s market performance. Also, ChangeNow spotlighted the overall market conditions and the state of the Shiba Inu ecosystem, which are similar to Bing’s AI projections.
In addition, ChangeNow believes the launch of the Shibarium, an upcoming layer-2 network, and ShibaSwap 2.0 will be crucial in attracting more potential investors to the Shiba Inu ecosystem.
Shiba Inu Price Predictions
Citing data from one of the leading price-tracking resources for crypto assets, DigitalCoinPrice, ChangeNow projected an estimated mean selling price of $0.0000186 in 2024, which could increase from a low of $0.0000191 to a high of $0.0000225. The predicted $0.0000225 market worth implies that SHIB coins will increase by 164% from their present value of about $0.00000851.
For 2025, Shiba Inu’s forecasted price by ChangeNow falls around $0.0000293 market worth, with a potential low of $0.0000256 and a possible price high of $0.0000313. In 2030, ChangeNow projected a $0.0000913 selling price for SHIB coins.