đ¶ When can Shiba Inu (SHIB) realistically hit $0.05?
Shiba Inu (SHIB) seems to be consolidating around the $0.000024 level. The asset witnessed a surge earlier this year in March, following Bitcoin (BTC) hitting a new all-time high. However, SHIBâs price has gradually fallen since its March peak. The asset is down 2.7% in the daily chart and over 3% in the 14-day chart. Nonetheless, SHIBâs price is still up by 6.6% in the weekly chart and 4.3% over the previous month.
According to Changelly, Shiba Inu (SHIB) could hit a maximum price of $0.03319668 in 2050, about 26 years from now. Therefore, the platform does not anticipate SHIB to hit $0.05 anytime before 2050. Telegaon, on the other hand, predicts SHIB to hit $0.05 sometime between 2035 and 2040. The platform anticipates SHIB to hit a maximum price of $0.089 in 2040.
SHIBâs massive supply is one of its most significant barriers to its price. However, the SHIB team has said they are working on a new burn mechanism, rumored to burn trillions of tokens a year. If the team can drastically reduce the projectâs supply, we may reach the $0.05 level much sooner than predicted.
