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- Shiba Inu trades at $0.00002259, marking a significant 32% decline from 60 days ago.
- Analysts at Telegaon and Changelly believe SHIB could hit $0.025 by 2040.
- Shiba Inu investors may wait nearly two decades for SHIB to rally 110,568%.
The journey for Shiba Inu (SHIB) toward becoming a 2.5-cent asset has been tumultuous. The crypto market recently saw a wave of enthusiasm that boosted several tokens, including Shiba Inu. However, this wave of optimism was fleeting, as the market bears soon took hold, affecting SHIB’s value.
At present, Shiba Inu is trading at $0.00002259, indicating an 8.14% decrease in the past seven days. This value represents a significant 32% decline from the price Shiba Inu sold 60 days ago. While SHIB enthusiasts aspire for substantial highs like $0.025, the asset’s journey to this threshold seems to be getting further away.
Amid this uncertainty, Telegaon, a prominent analytics platform, has weighed in on SHIB’s outlook. Telegaon issued timelines for SHIB enthusiasts to anticipate various price targets for SHIB.
In particular, the prediction platform suggested that Shiba Inu could break into the $0.025 threshold sometime between 2035 and 2040. With Shiba Inu trading at $0.00002259, the prediction platform expects SHIB to have eliminated three leading zeros in 16 years to trade at $0.025.
Since SHIB exchanges hands today at $0.00002259, the asset must rally by an astonishing 110,568% to potentially trade at $0.025. Interestingly, this required percentage growth is reflected in Shiba Inu’s history.
In January 2021, Shiba Inu traded at $0.00000001, per historical data accessible via market tracker CoinMarketCap. Just ten months later, SHIB had already established an all-time high at $0.00008845. Emphatically, Shiba Inu’s trajectory between January and October 2021 amounted to a staggering 884,400% gain. Essentially, on the side of history, Shiba Inu can rally by 110,568%.
Meanwhile, Telegaon is not the only platform that has projected a 16-year timeline for Shiba Inu to trade at $0.025. Analysts at crypto exchange Changelly have also argued for a 2040 timeline.
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