The $1 milestone is a benchmark for some networks in the cryptocurrency market. A range of assets has been trying to reach this level for a while, which remains the dream of many.
The Shiba Inu (SHIB) community has become ambitious and expects this meme coin to soar to a high of $1. However, the real question is how long it may take for this asset to reach that price.
Considering the Current Price of Shiba Inu
The Shiba Inu market has pulled back this week. The meme coin has dropped 6.14% in the past few days. As of this writing, SHIB is trading at $0.00002592 after a 5% decrease in the last 24 hours.
The Shiba Inu market has recorded significant growth this year. The meme coin has surged 166% during this time. Although SHIB has seen price increases, it is still down 70% from its all-time high of $0.00008845. Additionally, to reach $1, the meme coin would have to increase by 3,857,276.12% from its current price.
Will 1 Dollar Become Reality?
According to data from Telegaon, one of the meme tokens that could survive until 2050 is Shiba Inu. By 2050, Shiba Inu could have an average price of $0.89. Many cryptocurrencies, including SHIB, are likely to hit all-time highs this year.
If the current performance continues, the highest price of the SHIB token in 2050 could be around $1.06. SHIB could surge past our price prediction if the market is bullish in 2050. By 2050, the lowest price of Shiba Inu Coin could be around $0.62 if the market declines.
Although it may take quite a while to obtain this meme coin, investors must patiently wait nearly 25 years.
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