Forbes Provides New Price Prediction for Shiba Inu (SHIB)
The Shiba Inu [SHIB] network has one of the most active communities in the market. Despite its relatively late entry into the cryptocurrency scene, SHIB has managed to outshine assets that have been in the market for a while. It looks like SHIB will continue dominating the space in terms of popularity. But what about its price? The meme coin has had troubles with regard to its price. Things could be shifting as Forbes released a fairly bullish prediction for the next six years.
The Forbes article highlighted the modest origins of the Shiba Inu in 2020. During this time, the asset was just another canine-inspired meme coin similar to Dogecoin [DOGE]. Despite this, SHIB has grown rapidly and is ranked 12 in terms of market capitalization. In addition, SHIB is the second-biggest meme coin, trailing only DOGE. At press time, SHIB was trading at $0.00001746 with a 4% daily increase.
The report brings several predictions to light. Utkarsh Tiwari, the chief strategy officer of KoinBX, made one noteworthy forecast. Tiwari expects that the price of SHIB may increase by over 100% from where it is at the moment to over $0.00003. The analyst thinks that the meme coin may experience this by the end of 2024. But Forbes was inclining towards a more bullish prediction. The firm expects the currency to trade between $0.0001 and $0.0003.
In addition, the chairman of the CIFDAQ Blockchain Ecosystem, Himanshu Maradiya, has a positive stance. Maradiya acknowledges the difficulties and proposes a more reasonable pricing range for SHIB by 2024–2025 which is around $0.0001–$0.0003. This prediction is dependent on two main things. The SHIB ecosystem’s ongoing development and the presence of advantageous market circumstances.
Also Read: Shiba Inu’s 1 Cent Dream Gets A Lift From Dogecoin’s Historic Feat
Shiba Inu Next 6 Years
According to Forbes, Shiba Inu will trade at a slightly higher price. Based on their analysis, they expect Shiba Inu to reach $0.00007488 by 2025. But there would be a decrease in price in 2026 dropping it to $0.00003375. The meme coin is expected to rise slightly again in 2028 for which the value would be about $0.00004870. There may be an increase come 2029 because its price would likely go up to around $0.000161. As at 2030, Shiba Inu will settle at around $0.00006398.
Also Read: Shiba Inu (SHIB) To Hit 2 Cents, Here’s When