The Shiba Inu (SHIB) market has had a remarkable year. Although starting 2024 at a low point, it has risen and reached a high of $0.00004534. During this period, the network unveiled a roadmap. In this context, Shibarium, a Layer 2 scaling solution aimed at improving transaction speed and reducing costs, has also shone throughout the year. The development of Shiba Inu from a meme coin to a complete cryptocurrency shows its commitment to long-term growth. Could this further drive the price of the meme coin?
Current Price of Shiba Inu
At the time the press reported, Shiba Inu was trading at $0.00002805. This comes after a 2% decrease in the past 24 hours. Additionally, the meme coin has recorded a 6.60% decline over the course of this week.
The meme coin surged to a high of $0.00003329 earlier this month. Despite this increase, SHIB is still trading 68% lower than its all-time high of $0.00008845. The community has longed to reach the 1 cent mark. But the latest rise of the asset has encouraged the Shiba Inu community to set bigger goals and ambitious bets.
3 Cent Price Prediction
Telegaon statistics indicate that at some point in 2040, the asset will reach the one cent threshold. To reach 3 cents, Shiba Inu will need to increase by more than 107,239%. This will only happen by 2050. Even if investors have to wait a long time, there is still a possibility that it could happen. Shiba Inu has risen by more than 16,756,630.79% since hitting its all-time low of $0.00000000008165.
It is important to note that investors in Shiba Inu can only benefit from the potential price increase of the asset if they are patient. As the market may witness an increase in the coming years, a strong bull run will occur after more than a decade.
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