đ¶ When can Shiba Inu (SHIB) realistically reach $0.05?
Shiba Inu (SHIB) appears to be consolidating around the $0.000024 level. The asset saw a rally earlier this year in March, after Bitcoin (BTC) reached a new all-time high. However, SHIB's price has gradually declined since its peak in March. The asset fell by 2.7% on the daily chart and more than 3% on the 14-day chart. However, SHIB's price is still up 6.6% on the weekly chart and 4.3% MoM.
According to Changli, the Shiba Inu (SHIB) price could reach a maximum price of $0.03319668 in 2050, which is about 26 years from now. Therefore, the platform does not expect SHIB to reach $0.05 anytime before 2050. Telegaon, on the other hand, expects SHIB to reach $0.05 sometime between 2035 and 2040. The platform expects SHIB to reach the maximum price of $0.089 in 2040.
One of the major drawbacks to its price is SHIB's massive supply. However, the SHIB team said they are working on a new burning mechanism, which is rumored to burn trillions of tokens annually. If the team can significantly reduce the project supply, we may reach the $0.05 level much sooner than expected.ââ#SHIPE #shiba⥠$SHIB