Global business magazine Forbes highlights a timeline for Shiba Inu to make a new history in the $0.0001 to $0.0003 price range, representing a price growth of over 1,600%.
In a recently updated publication, Forbes editors weighed in on the long-term outlook of Shiba Inu. The report explored the potential trading values of SHIB by the end of this year and its outlook for subsequent years, up to 2030.
It first highlighted the prevailing Shiba Inu price around $0.00001743, which now translates to an 8% decline in weekly performance. At this price, SHIB boasts a cap of over $10.27 billion.
When Shiba Inu Can Reach $0.0001 to $0.0003
Meanwhile, some industry experts interviewed by Forbes were ambitious about Shiba Inu’s prospects.
When asked to comment on Shiba Inu’s outlook, Himanshu Maradiya, chairman of CIFDAQ Blockchain Ecosystem, cautioned that predicting its future price is challenging due to the cryptocurrency market volatility.
Despite the uncertainty, Maradiya suggested that Shiba Inu’s price could range from $0.0001 to $0.0003 by 2024 and 2025. He gave the condition that the market conditions are favorable, and the SHIB ecosystem continues evolving.
With SHIB’s market value at $0.00001743, the lower limit of Maradiya’s prediction demands a growth of 473.72%. Notably, the $0.0001 price point will mark a fresh history for Shiba Inu, as its peak point remains at $0.00008845. Meanwhile, the more ambitious target of $0.0003 demands a more astonishing growth of 1,621.17%.
While these targets are lofty and worth watching out for this season, Maradiya emphasized the importance of investor caution. He urged the investing public to consider the inherent risks of engaging in meme coins like Shiba Inu.
Interestingly, Maradiya’s bold prediction, as reported by Forbes, resonates with the sentiments of many market analysts in the crypto community. They eagerly anticipate a resurgence of Shiba Inu, which has lost 70% of its gains from the first quarter’s bull run.
Meanwhile, Utkarsh Tiwari, KoinBX’s Chief Strategy Officer, is less ambitious about Shiba Inu’s prospects. He predicts that SHIB may only reach a high of $0.0000396 by the end of 2024, requiring a relatively modest 127% increase from its current value.
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