Saturday, November 2, 2024
12 C
London

Shiba Inu: When Will SHIB Hit A New All-Time High

Shiba Inu (SHIB) has seen a fair share of success in its four-year history. The asset’s price has risen by many million percent since its launch in August 2020. Early investors made millions of dollars in profit, solidifying SHIB’s name as a “millionaire-maker.”

Also Read: IRFC Shares Downgraded to Sell: Price to Dip Below 120

Predicting SHIB’s Future: Market Trends And Analyst Predictions

Image Source: Watcher Guru

While SHIB is still one of the most popular crypto assets, its price has struggled to regain momentum. The dog-themed meme cryptocurrency is down by nearly 79% from its all-time high of $0.00008616, which it attained in October 2021, three years ago.

SHIB displayed a robust turnaround earlier this year when Bitcoin (BTC) hit a new peak in March. The dog coin climbed to a yearly high of $0.00003629 but has since fallen by nearly 50%.

When Will Shiba Inu Hit A New All-Time High?

Telegaon’s Analyst Prediction on SHIB

According to Telegaon analysts, SHIB will reclaim its all-time high sometime in 2026, about two years from now. The platform anticipates the asset to trade at a maximum price of $0.0000943 in 2026, a rise of about 415% from current levels.

Source: Telegaon

Also Read: Sell Jio Financial Shares: Enter at 320 Price Level

Changelly Analysts’ Predictions On SHIB’s Price

Changelly is slightly more bearish on SHIB than Telegaon. The platform predicts Shiba Inu (SHIB) will reclaim its all-time high sometime in 2027, about three years from now. Changelly analysts predict SHIB to trade at a maximum price of $0.0001229877 in 2027, a rise of about 571% from current levels.

Source: Changelly

Also Read: YouTuber MrBeast Faces $10M Token Pump-and-Dump Allegations

Potential For Early Peak

There is a possibility that the dog-themed cryptocurrency will reclaim its all-time high sooner than predicted, given the right market environment. The SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can drastically reduce the asset’s supply, we may hit a new peak much sooner than anticipated.

Hot this week

Popular Convenience Store ‘Sheetz’ Starts Accepting Crypto

Sheetz, a popular U.S. store, has announced that it...

How Bitcoin’s whitepaper spurred economic change in the world of finance

Bitcoin’s whitepaper was released by pseudonymous Satoshi Nakamoto in...

Bitcoin miner Bitfarms partners with Stronghold to expand its operations

Bitfarms deployed 10,000 miners at Stronghold’s Scrubgrass facility, enhancing...

Bitcoin – Identifying the impact of Fed’s inflation rate

September’s inflation rate reached 2.1%, nearing the Fed’s target...

How High can Solana (SOL) Go?

Your guide: How High can Solana go? A very fast...

Topics

Popular Convenience Store ‘Sheetz’ Starts Accepting Crypto

Sheetz, a popular U.S. store, has announced that it...

How Bitcoin’s whitepaper spurred economic change in the world of finance

Bitcoin’s whitepaper was released by pseudonymous Satoshi Nakamoto in...

Bitcoin miner Bitfarms partners with Stronghold to expand its operations

Bitfarms deployed 10,000 miners at Stronghold’s Scrubgrass facility, enhancing...

Bitcoin – Identifying the impact of Fed’s inflation rate

September’s inflation rate reached 2.1%, nearing the Fed’s target...

How High can Solana (SOL) Go?

Your guide: How High can Solana go? A very fast...

Bitcoin – Unpacking the ripple effects of surging Futures demand for traders

Bitcoin cooled off after its latest rally, but Futures...

U.S. Election Uncertainty Sends Bitcoin and Crypto Markets Tumbling

Bitcoin, which came very close to a new record...
spot_img

Related Articles

Popular Categories

spot_imgspot_img