The Shiba Inu (SHIB) market had a notable year. While it started 2024 on the low, it picked up and surged to a high of $0.00004534. During this period, the network revealed a roadmap. Amidst this, Shibarium, a Layer-2 scaling solution intended to improve transaction speed and lower costs, was also shining throughout the year. Shiba Inu’s evolution from a meme coin to a full-fledged cryptocurrency reveals its dedication to long-term development. Can this further push the price of the meme coin?
Also Read: Can Trump and Xi’s Talks Stop De-Dollarization and Save the U.S. Dollar?
Shiba Inu’s Current Price
At press time, Shiba Inu was trading at $0.00002805. This comes after a 2% drop over the past 24 hours. In addition, the meme coin has recorded a 6.60% drop throughout this week.
The meme coin surged to a high of $0.00003329 earlier this month. Despite this uptick, SHIB is trading 68% below its all-time high of $0.00008845. The community has been yearning to reach the 1-cent mark for a while now. But the asset’s latest uptick has pushed the Shiba Inu community to aim bigger and place ambitious bets.
Also Read: How High Will Bitcoin Surge After Donald Trump Takes Office?
3-Cent Price Prediction
Telegaon statistics indicate that sometime in 2040, the asset will hit the one-cent threshold. To reach the 3-cent threshold, Shiba Inu will need to increase by more than 107,239%. Only in 2050 will this take place. Even if its investors will have to wait a long time, there is still a chance that it may happen. Shiba Inu has risen more than 16756630.79% since hitting its lowest point ever, $0.00000000008165.
It should be noted that Shiba Inu investors may only profit from the asset’s possible rally if they remain patient. Since the market could witness a rise in the coming years, a monumental uptick will take place after more than a decade.
Also Read: Chainlink Outperforms Solana, XRP Amid $4.9M Whale Purchase
Credit: Source link