Prominent meme cryptocurrency Shiba Inu (SHIB) took a major backseat after its recent rally in November. The asset went from trading at a high of $0.00004534 all the way down to a low of $0.0000186. SHIB has emerged as a victim as the market continues its downtrend. To be precise, the meme coin has dipped by 37% from its peak in December. Can an investment made during this dip turn significant in the next couple of years?
Also Read: Microstrategy Stock Forecast For 2025: Will MSTR Hit $400 Soon?
Analyzing Shiba Inu’s Current Price Level
According to data from CoinMarketCap, Shiba Inu was trading at $0.0000212 during the time of writing. The meme coin recorded 2.12% and 4.20% drops over the past 24 hours and 7 days, respectively. Despite its latest rally in November, SHIB continues to trade a staggering 76% below its all-time high of $0.00002116.
Over the next five years, the price of SHIB is expected to see a major rise. Data from CoinCodex revealed that if an investor pours in $100.00 in Shiba Inu today and holds it until January 10, 2030, they could make $261.19. This reveals a 216.19% return on investment over the following 1835 days.
Also Read: Top 3 Cryptocurrencies That Could Rally Over 100% In 2025
2030 Price Prediction
It seems like SHIB will see an increase in the next five years in the year 2030. Changelly noted that in 2030, SHIB is predicted to trade at a maximum price of $0.000201. The lowest that the meme coin will be priced at during this time is $0.000163. Throughout the year, its average cost is anticipated to be around $0.000169. While this may not be a significant rise, it is still pertinent for the SHIB market. As mentioned in the prediction, the asset will delete a zero which is monumental for the meme coin. SHIB is expected to reach this high during the final months of that year.
Also Read: Bitcoin to $1M: How a U.S. Reserve Could Make It Happen
Credit: Source link
