Experts Believe Shiba Inu Could Surge $9 In the Long Run.

Shib: the metaverse

Shiba Inu, along with the other cryptocurrencies in the market, have been underwhelming. However, a few crypto analysts still feel optimistic about the future of the Dogecoin killer.

One of these analysts is Telegaon, a crypto research firm that uses Artificial Intelligence to predict the prices of digital currencies. According to the firm’s research, the unit price of SHIB could reach a high of $9.61 by 2050.

Furthermore, the report also shows different SHIB price predictions from 2022 to 2050 in three categories: minimum, average and maximum.

Telegaon Says Shiba Inu WIll Hit an All-Time High

The research firm stated that the dog-themed token will hit a new all-time high by 2025, which will come after the next Bitcoin halving. On average, the price target for Shiba Inu in 2025 is $0.0001152, while the maximum price target stands at $0.0001928.

Similarly, Telegaon is expecting SHIB to reach an average price of $0.000935 and a maximum price of $0.00112 by 2030.

Telegaon also sees the memecoin surging again to a new all-time high by 2040 because the memecoin must have burnt 50% of its total supply.

“By 2040, we may expect an average price of $2.76 depending upon the market trend. Our maximum price prediction for Shiba Inu Coin is $4.15 in 2040,” Telegaon said.

Related: The SHIB Army burns 83 million Shiba Inu in 24 hours, 1.26 billion in a week, and 801 BONE tokens in a week

SHIB to Surge at $9.61 By 2050.

Telegaon’s highest price prediction for the dog-themed token is scheduled for 2050 when it stated that SHIB could rise to an average price of $7.89, while the minimum price target is set around $5.42 and the maximum price of $9.61.

“The maximum price is expected to be trading around $9.61. If there is any bull rally in 2050, the prices of Shiba Inu coins may skyrocket and surpass our price forecast,” the cryptocurrency forecast company added.

Shiba Inu Coin Price Prediction

YearMinimum PriceAverage PriceMaximum Price

Nevertheless, Telegaon’s SHIB predictions do not make it accurate as the market still remains unpredictable and prices could still fall.

SHIB is currently trading at $0.00000817, down 90.6% from its all-time high of $0.00008616.

Read More: Shiba Inu Community Disposes of 324 Million Tokens as Burn Rates Surges 332%