How many years will it take for $SHIB to reach $1?
The $1 mark is a milestone for several networks in the cryptocurrency market. A number of assets have been trying to reach this level for a while now, which remains a dream for many.
The Shiba Inu ($SHIB) community has become ambitious and is expecting the meme coin to skyrocket to a high of $1. However, the real question is how long it will take for the asset to reach this price point.
Looking at the Current Price of Shiba Inu
The Shiba Inu market has taken a backseat this week. The meme coin has fallen 6.14% over the past few days. At the time of writing, $SHIB is trading at $0.00002592 after falling 5% over the past 24 hours.
The Shiba Inu market has seen a significant increase over the year. The meme coin has surged 166% during this time. Although SHIB has seen an increase in price, it is still 70% below its all-time high of $0.00008845. Additionally, to reach $1, the meme coin would have to increase 3,857,276.12% from its current price.
Will $1 Become a Reality?
According to data from Telegaon, one of the meme tokens that could survive until 2050 is Shiba Inu. In 2050, Shiba Inu could have an average price of $0.89. Many cryptocurrencies, including SHIB, are likely to reach their all-time highs this year.
If the current performance continues, the highest price of SHIB token in 2050 could be around $1.06. $SHIB could skyrocket and surpass our price prediction if the market is bullish in 2050. In 2050, the lowest price of Shiba Inu Coin could be around $0.62 if the market is bearish.
Although it is quite a long wait to get this meme coin, investors have to be patient for almost 25 years.
#Mr_Pips