$1 is a milestone for multiple networks in the cryptocurrency market. For some time, a range of assets has struggled to reach this level, which remains a dream for many. The Shiba Inu (SHIB) community has been ambitious and hopes for the meme coin to soar to $1. However, the real question is how long it will take for the asset to reach that price level.
Understand the current price level of Shiba Inu
This week, the Shiba Inu market performed modestly. Over the past few days, this meme coin has dropped by 6.14%. At the time of writing, SHIB is trading at $0.00002592, down 5% in the last 24 hours.
The Shiba Inu market has seen significant growth over the past year. During this period, the meme coin surged by 166%. Despite the increase, SHIB is still 70% lower than its all-time high of $0.00008845. Additionally, to reach $1, the meme coin must rise by 3,857,276.12% from its current price level.
Will $1 become a reality?
According to data from Telegaon, Shiba Inu is one of the meme tokens that may last until 2050. In 2050, the average price of Shiba Inu could be $0.89. Many cryptocurrencies, including SHIB, have the potential to reach all-time highs this year.
If the current performance continues, the maximum price of SHIB tokens could be around $1.06 by 2050. If a bull market occurs in 2050, SHIB could soar and exceed our price predictions. If the market declines, the minimum price of Shiba Inu Coin in 2050 could be around $0.62.
Although waiting for meme coins may take a long time, investors must be patient for nearly 25 years.
