Shiba Inu (SHIB) has seen ample success in its four-year history. The asset’s price skyrocketed during the 2021 bull run. Early investors made massive returns with minimal investments. The dog-themed cryptocurrency’s performance made it extremely popular among new crypto investors who wanted to make it big quickly.
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When Will Shiba Inu Reclaim Its All-Time High Of $0.00008616
SHIB hit an all-time high of $0.00008616 on Oct. 28, 2021. The asset’s price has fallen by 82.4% from its 2021 peak. SHIB’s price has struggled to gain momentum over the last few years. The asset breached the $0.00003 mark in March 2024 after Bitcoin (BTC) climbed to a new high. The rally was short-lived, and SHIB’s price sank once again.
According to Telegaon, SHIB may reclaim its all-time high price level sometime in 2026. The platform anticipates the asset to trade at a maximum price of $0.0000943 in 2026. Hitting $0.0000943 from current prices will entail a 518.77% rally.
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Changelly analysts are slightly more bearish on Shiba Inu (SHIB). The platform anticipates the asset to reclaim its peak in 2027. Changelly predicts SHIB will hit a maximum price of $0.0001229877 in 2027. Reaching this figure will lead to a 707.01% rally.
Can It Hit A New Peak Sooner?
One of the most significant drivers for SHIB’s 2021 rally was Vitalik Buterin’s token burn. The Ethereum co-founder received half of the project’s supply when it launched. Buterin decided to burn 90% of the tokens he received. His actions led to a substantial dip in supply while demand was high. SHIB’s price skyrocketed as a result.
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There are still about 589 trillion SHIB tokens in circulation. If the Shiba Inu (SHIB) team can reduce the project’s supply, we could hit a new peak much sooner.
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