Most investors want the 1-Cent token to surpass the $0.01 threshold. But the markets do not run on prayers and wishes, but instead on macroeconomic and technical factors. The market decides the direction of SHIB’s price. One can pray for SHIB at $0.01 to be reached all they want, but it is ultimately up to the market.
Please Read This: Shiba Inu: $8,000 Investment Turned Into $5.7 Billion in 400 Days
Current Market Trends
SHIB is moving slowly backwards, and the benchmark of $0.01 has gradually drifted away. Shiba Inu could never rise above $0.01 before the end this decade. This leaves us with only the next A few decades with a longer-term outlook of 2050. That’s 26 years in the future.
Please Read This: Shiba Inu: AI Predicts SHIB Price For August 20, 2024
Shiba inu: will SHIB hit $0.01 by 2020?
Price Forecasts
Leading firm in on-chain metrics, price forecasting and pricing CoinCodex Shiba Inu was updated to 2050. According to the price prediction, the maximum high SHIB could reach before 2050 is $ 0.001003. It’s only one zero away from the cent mark, and there are still 900% more charts to climb.
Please Read This: Shiba Inu: SHIB’s Price Reaction to Major Burn Announcement
Requires Growth
“Shiba Inu would need to gain 74,342.37% to reach $0.01. According to our prediction algorithm, the price of SHIB will not reach $0.01,” The firm forecasted that by 2050. “The highest expected price our algorithm estimates is $0.001003 by January 1, 2049,” Read the predictions.
Shiba Inu may not even reach $0.01 in 2050. It could be many years before they do. It could be a long time before investors reach $0.01, but not everyone will wait that long.
Long-term investments are limited, because life demands that money be spent on other things and to change lifestyles. SHIB’s price could reach $0.01 before 2050, but only if over 90% of SHIB’s circulating supply are burned.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru