Shiba Inu (SHIB) has achieved considerable success in its four-year history. The asset’s price has risen by millions of percentage points in just one year after its launch. Early investors have made millions of dollars in profits, solidifying SHIB’s reputation as a reliable crypto project.

Despite early success, the dog-themed cryptocurrency has struggled to gain momentum over the past two years. SHIB is currently down 79.6% from its all-time high of $0.00008616 set in October 2021. Although the asset has lost significant appeal, fans and investors continue to pursue higher prices. One of the goals is the 5-cent mark.

When will Shiba Inu reach 5 cents?

To gain 5 cents ($0.05) from current price levels, it would require an increase of approximately 285,614.29%. While this number is quite large, it is not something SHIB has not done before. However, the journey may not be easy or short.

According to Changelly analysts, Shiba Inu (SHIB) will reach the 5 cents mark sometime after 2050. The platform predicts that the maximum price of SHIB will reach $0.3319668 in 2050.

Analysts at Telegaon are far more bullish on SHIB than Changelly. The platform expects the asset to reach the 5-cent mark between 2035 and 2040, and predicts that SHIB will trade at more than $1 in 2050.

SHIB may break the 5 cent mark earlier than expected. The team is reportedly working on a new destruction mechanism that will reportedly destroy trillions of tokens per year. If the team significantly reduces the project’s supply, the asset may reach the $0.05 mark earlier than expected.