Shiba Inu (SHIB) has recovered 2% in the past 24 hours, but the asset is still down 4.4% on the weekly chart, 5.4% on the 14-day chart, and 3.9% over the past month. The popular cryptocurrency appears to be consolidating around $0.000013.
Despite significant challenges over the past few years, SHIB supporters and investors are pushing for higher pricing. During the 2021 bull run, memecoin has achieved excellent results and gained recognition as a solid cryptocurrency project.
Despite its broad appeal, the memecoin has struggled to gain traction in recent months. SHIB saw a notable rally in March but quickly lost momentum.
SHIB future price prediction
SHIB will reach 10 cents?
Although the Shiba Inu (SHIB) price may be facing obstacles at the moment, according to some sources, the future of the asset is bright.
Telegaon's prediction
According to Telegaon researchers, SHIB will hit an all-time high of $0.0000943 in 2026 (about a year and a half later).
The platform expects the price of SHIB to continue rising in the coming years and reach the $0.10 (10 cents) mark sometime between 2040 and 2050.
Telegaon analysts predict that the price of memecoin will cross the $1 mark in about 26 years, that is, in 2050.
Changelly's Prediction
Changelly researchers are more pessimistic about Shiba Inu (SHIB) than Telegaon. The platform expects the asset to reach a new all-time high of $0.0001229877 in 2027 (about three years from now). According to Changelly, SHIB will not reach the $0.10 (10 cents) level before 2050.
Given the project's drastically reduced supply, SHIB could reach the $0.10 mark sooner than expected. SHIB's 589 trillion circulating supply is one of the biggest barriers to its price. Reaching $0.10 would result in an unrealistically large market cap.
