Multiple Sources Evaluate Shiba Inu (SHIB) Potential to Hit $0.01

Numerous sources evaluate the possibility of Shiba Inu (SHIB) registering a substantial price surge in the foreseeable future.

Shiba Inu (SHIB) has a goal to register an impressive price surge when the markets recover, as the next bull run might coincide with the launch of several projects aimed at bolstering the asset’s price actions. In light of speculations of a price rally to $0.01, multiple sources have evaluated the asset’s potential to hit this price target.

Finder’s Prediction on Shiba Inu

Last year, Finder, a prominent FinTech comparison platform, surveyed up to 55 fintech specialists and industry leaders, to get their outlook on Shiba Inu’s price movements in the future. The panel forecasted that the asset will reach $0.00004930 by 2025, as recently reported by The Crypto Basic.

The majority of the panel (about 50%) noted that they are not sure of the potential impact Shibarium will have on SHIB’s price action, while 25% believe Shibarium will contribute to a Shiba Inu price surge. It bears mentioning that Alexander Kuptsikevich – a senior financial analyst at FxPro who is part of the panel – personally predicted that SHIB will hit $0.0001 by 2025.

Changelly Has a More Bearish Outlook

However, Changelly, a non-custodial crypto exchange, has a more bearish outlook for Shiba Inu. In one of its elaborate analyses, Changelly predicted that SHIB will only be able to clinch a maximum price of $0.00002694 by 2025. Changelly believes the asset can only hit $0.00017 in 2030. 

Telegaon Sees Shiba Inu at $1 in 2050

In addition, Telegaon, a reputable analytics resource with a particular focus on stocks and crypto, also chipped in its opinion. In a report last Monday, Telegaon made several projections for SHIB’s price from 2023 to 2050. The analysis forecasted that the asset would have a maximum price of $0.0000316 this year, and an average price of $0.0000239.

Moreover, Telegaon predicted that Shiba Inu could skyrocket to a maximum price of $0.000712 by 2030 and $0.089 in 2040. The analytics platform believes the asset would need an extra 27 years to hit a $1 price, which could be considered a long time by most investors. This contrasts the previous $9.69 price target it set for SHIB in a 2022 report.

Possible Drivers

While these platforms have all made their price projections, these should not serve as financial advice, as the direction of crypto assets can be rather erratic. Nonetheless, the Shiba Inu community has continued to champion several developments aimed at supporting the asset’s price action.

Regardless of its price direction in the future, the development of Shibarium, ShibaSwap 2.0 and SHIB: The Metaverse can play a pivotal role in raising the asset’s value by driving demand, utility and expediting the burn rate. SHIB is currently trading for $0.00000847, down 2.08% in the past 24 hours.