Shiba Inu (SHIB) has had a memorable year in the market. Although it started low at the beginning of 2024, it later rebounded and soared to a high of $0.00004534. During this time, the network announced its roadmap. Additionally, the Layer-2 scaling solution Shibarium, aimed at improving transaction speed and reducing costs, has also shone throughout the year. Shiba Inu has evolved from a meme coin to a mature cryptocurrency, indicating its commitment to long-term development. Could this further drive up the price of the meme coin?
Current price of Shiba Inu
As of the time of writing, the trading price of Shiba Inu is $0.00002805. In the last 24 hours, the token has dropped by 2%. Additionally, the meme token has fallen by 6.60% this week.
At the beginning of this month, the meme coin soared to a high of $0.00003329. Despite this increase, SHIB's trading price is still 68% lower than its historical high of $0.00008845. The community has longed to reach the 1 cent mark. However, the latest rise in the asset has prompted the Shiba Inu community to set larger goals and place ambitious bets.
3 cent price prediction
Statistics from Telegaon suggest that at some point in 2040, the asset will reach the 1 cent threshold. To reach the 3 cent threshold, Shiba Inu needs to increase by over 107,239%. This will only happen by 2050. Even though investors may need to wait a long time, it is still possible. Since reaching its historical low of $0.00000000008165, Shiba Inu has increased by over 16756630.79%.
It is worth noting that Shiba Inu investors can only profit from potential asset appreciation by remaining patient. As the market may show an upward trend in the coming years, a significant rise is expected over a decade from now.
