The $1 mark is a milestone for several networks in the cryptocurrency market. An array of assets have been trying to reach this level for a while now, which has remained a dream for many. The Shiba Inu (SHIB) community has been getting ambitious and expecting the meme coin to surge to a high of $1. However, the real question is how long the asset might take to reach this price level.
Also Read: Why 2025 Could Be Bitcoin’s Defining Year, According to a U.S. Senator
Looking Into Shiba Inu’s Current Price Level
The Shiba Inu market took a backseat this week. The meme coin has dipped by 6.14% over the past few days. While writing, SHIB was trading at $0.00002592 after dropping by 5% over the last 24 hours.
The Shiba Inu market has recorded a notable rise over the year. The meme coin surged by 166% during this time. Even though SHIB saw an uptick, it remains 70% below its all-time high of $0.00008845. In addition, to reach $1, the meme coin will have to rise by 3,857,276.12% from its current price level.
Also Read: MicroStrategy (MSTR) May Never Go Bankrupt: Here’s Why
Will $1 Turn Into A Reality?
According to data from Telegaon, one of the meme tokens that could last till 2050 is Shiba Inu. In 2050, Shiba Inu may cost an average of $0.89. Many cryptocurrencies, including SHIB, have the potential to reach their highest point ever this year.
If present performance continues, the highest price of a SHIB token in 2050 might be around $1.06. SHIB might soar and surpass our price prediction if a bull market exists in 2050. In 2050, the lowest price of Shiba Inu Coin might be about $0.62 if the market declines.
While this may be a long wait for the meme coin, investors must patiently wait for nearly 25 years.
Also Read: Solana Vs. Binance’s BNB: Which Will Reclaim All-Time High First?
