Prominent meme cryptocurrency Shiba Inu (SHIB) took a major backseat after its recent rally in November. The asset went from trading at a high of $0.00004534 all the way down to a low of $0.0000186. SHIB has emerged as a victim as the market continues its downtrend. To be precise, the meme coin has dipped by 37% from its peak in December. Can an investment made during this dip turn significant in the next couple of years?
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Analyzing Shiba Inu’s Current Price Level
Source: Watcher Guru
According to data from CoinMarketCap, Shiba Inu was trading at $0.0000212 during the time of writing. The meme coin recorded 2.12% and 4.20% drops over the past 24 hours and 7 days, respectively. Despite its latest rally in November, SHIB continues to trade a staggering 76% below its all-time high of $0.00002116.
Source: CoinMarketCap
Over the next five years, the price of SHIB is expected to see a major rise. Data from CoinCodex revealed that if an investor pours in $100.00 in Shiba Inu today and holds it until January 10, 2030, they could make $261.19. This reveals a 216.19% return on investment over the following 1835 days.
Source: CoinCodex
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2030 Price Prediction
Source: Changelly
It seems like SHIB will see an increase in the next five years in the year 2030. Changelly noted that in 2030, SHIB is predicted to trade at a maximum price of $0.000201. The lowest that the meme coin will be priced at during this time is $0.000163. Throughout the year, its average cost is anticipated to be around $0.000169. While this may not be a significant rise, it is still pertinent for the SHIB market. As mentioned in the prediction, the asset will delete a zero which is monumental for the meme coin. SHIB is expected to reach this high during the final months of that year.
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