The entire cryptocurrency market is in the green. Most assets in the ecosystem have seen significant gains in the past 24 hours. Shiba Inu (SHIB) is one of them. The asset is up 5% in the past day.
At press time, SHIB is trading at $0.00001393. The meme coin’s price has risen from a low of $0.000013 to a high of nearly $0.000014.
Recent Development and Future Forecast of Shiba Inu
Bone Crusher Introduction
It looks like Shiba Inu is slowly getting out of the quagmire of low prices. Recently, the network is working hard to enhance the utility of the SHIB ecosystem. As an official project of Shib, K9 Finance Dao introduced a liquidity staking platform for Shibarium at the time of the mainnet launch.
The latest launch is called Bone Crusher. Shiba users can now earn knBONE, which they can use to earn K9 platform farming rewards by staking their Ethereum BONE on Shibarium.
Potential price increases
In this way, the price of SHIB could rise significantly. While the dream of 1 cent remains strong in the community, the Shiba Inu may surpass this goal.
When will the Shiba Inu reach 4.5 cents?
At current prices, Shiba Inu is currently 84% below its all-time high of $0.00008845. While this may seem like a difficult task, it will take a lot longer for the asset to reach the 1 cent mark.
According to Changelly, the meme coin will regain its all-time high sometime between 2026 and 2027. However, breaking through the 4.5 cent mark won’t be as easy as reaching its all-time high.
Telegaan’s data shows that SHIB will surge to 4.5 cents in 2040. Since this is still more than a decade away, Shiba will have to be patient to hold onto this asset.
