$1 is a milestone for several networks in the cryptocurrency market. For a while, a series of assets have been struggling to reach this level, which remains a dream for many. The Shiba Inu (SHIB) community has been ambitious and is looking forward to the meme coin soaring to the $1 high. However, the real question is how long it will take for the asset to reach this price level.
Understand the current price level of Shiba Inu
This week, the Shiba Inu market performed flat. Over the past few days, this meme coin has dropped by 6.14%. As of this 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 time, the meme coin surged by 166%. Despite the rise, SHIB is still 70% below its all-time high of $0.00008845. Moreover, to reach $1, the meme coin must increase 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 could last until 2050. In 2050, the average price of Shiba Inu could be $0.89. Many cryptocurrencies, including SHIB, have the potential to reach their all-time highs this year.
If the current performance continues, the SHIB token's peak price in 2050 could be around $1.06. If a bull market occurs in 2050, SHIB could soar and exceed our price prediction. If the market declines, the lowest price for Shiba Inu Coin in 2050 might be around $0.62.
Although waiting for meme coins may take a long time, investors must be patient for nearly 25 years.
