The Shiba Inu (SHIB) market has witnessed a surge in recent weeks. The price increase of the meme coin has paid off as some investors have pocketed significant profits after SHIB stagnated for years. Some investors continue to buy this asset in hopes of making substantial profits in the future. But others have sold and decided to enjoy immediate profits. In this context, an analyst has become the headline for his viewpoint on the matter.
Can Shiba Inu realistically reach a price of 50 cents?
In the past month, Shiba Inu has seen a 27% increase. This meme coin has risen from a low trading level of $0.00001654 to a high of $0.00002896. This increase has prompted Carl, one of Forbes' 30 under 30, to boldly declare in a recent post on X that he will not sell Shiba Inu until the price of SHIB reaches "at least" $0.50.
SHIB's past performance, particularly in 2021, has a significant impact on this forecast. The analyst, who often appears on FOX and CNBC, hopes Shiba Inu will perform as well as before. He believes that this asset could rise to $0.50 if it quickly gains any upward momentum.
Shiba Inu, at the time of the press report, is trading at $0.00002444 after a 0.15% decrease in the past 24 hours. SHIB would have to surge 2,045,823% to reach $0.50. Considering the asset's growth over the year, reaching this milestone seems impossible. However, it is worth noting that SHIB has increased 1,834,670.45% since its all-time low.
Price prediction
According to data from Telegaon, reaching $0.50 will take time for the meme coin but is not impossible. The company reveals that SHIB will soar to this high level in the period from 2040 to 2050.
