A million investors are hoping for Shiba Inu to reach the $0.01 milestone and make them turn millionaires and billionaires. The 1-Cent dream is alive and SHIB investors are ready to wait for the long-term to achieve the desired financial results. The majority of holders want SHIB to first reach $0.01, then move to $0.50, and eventually hit $1.
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SHIB investors are an ambitious lot and demand more from the token’s developers to help it reach its target. The developments include burning tokens on Shibarium and launching new projects that could help its price to sustainably scale up. In this article, we will provide a long-term price prediction for when Shiba Inu might reach 50 Cents ($0.50).
Shiba Inu: Here’s When SHIB Could Reach 50 Cents
Shiba Inu is currently trading at $0.00000896 and is looking to delete a zero in the charts. SHIB is moving with five zeroes in the indices and another leg up could delete a zero and make it trade with four zeroes. Leading on-chain metrics and price prediction firm Telegaon has painted a rosy picture for Shiba Inu for the long term.
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According to the estimates, SHIB could climb above $0.01 and go further in price sometime between 2030 to 2040. After achieving the 1-Cent dream, the prediction states that Shiba Inu might hit 50 Cents in 2050. That’s close to three decades from today and nearly 27 years down the line.
However, there is no guarantee that SHIB could hit 50 Cents in the next three decades in 2050. The cryptocurrency markets are highly volatile and cut both ways delivering losses to investors. It is advised to do thorough research before taking an entry position in SHIB at the moment.
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At press time, SHIB was trading at $0.00000896 and is down close to 2% in the 24-hour day trade. SHIB is also down nearly 90% from its all-time high of $0.00008616, which it reached in October 2021.