Cryptocurrency News
By David BoldMarch 28, 2024 No Comments
According to several different price projection models, the price of Shiba Inu is most likely to increase substantially by 2040 and 2050. If the meme coin follows Bitcoin’s price trajectory established over the past 5 years, SHIB could gain as much as +10,984% by 2050 and reach a price point of $0.003545.
Shiba Inu is one of the most exciting cryptocurrency projects in the crypto market today, controlling a market cap of nearly $5 billion. Following its launch in 2020, the meme token went on a massive rally that saw SHIB gain a whopping 574,432% (compared to the US dollar). With such explosive growth in its rearview mirror and low price per unit, many investors are wondering how the token could perform in the long term.
In this article, we are going to outline different price scenarios for Shiba Inu and examine potential growth factors.
| 2040 | 2050 | |
| SHIB price prediction by CoinCodex | $0.000365 (+1,036%) | $0.000652 (+1,929%) |
| SHIB price prediction (BTC historical 5 yr. avg. of 19.05%) | $0.0006202 (+1,838%) | $0.0035469 (+10,984%) |
| SHIB price prediction (S&P 500 historical 11.13% ROI)* | $0.0001924 (+501%) | $0.0005528 (+1,627%) |
| SHIB price prediction (5% yearly growth) | $0.0000733 (+129%) | $0.0001195 (+273%) |
Shiba Inu price prediction for 2040
The price of Shiba Inu could increase by +1,036% and reach $0.000365, according to a crypto tracking site CoinCodex. The price prediction for Shiba Inu is based on technical analysis data and historical market trends. CoinCodex’s algorithmic SHIB price prediction for 2040 forecasts that Shiba Inu would continue to grow gradually over the coming years, which could coincide with the project’s increased token burn rate (more on that later).
It is worth noting that Shiba Inu could easily outperform CoinCodex’s prediction. For example, Bitcoin has been growing at a 19% average annual rate over the past five years—if SHIB were to follow that same price trajectory, the meme token could gain +1,838% and exchange hands at $0.000620 in 2040, making it an exceptional long-term crypto investment.
Shiba Inu price prediction for 2050
Over the next three decades, Shiba Inu’s price could reach as high as $0.000652, according to CoinCodex’s Shiba Inu coin price prediction for 2050. If that scenario materializes, SHIB would be trading a whopping 19 times above its current price level.
If you think that the above SHIB token price prediction is somewhat optimistic, you’ll probably be interested in a more conservative model based on the S&P 500’s historical growth rate over the past 50 years instead. If SHIB were to follow in the footsteps of the leading stock market index and gain 11.13% on average each year, the popular meme token’s price would grow to $0.000553, gaining +1,627% in the process.
On the other hand, if Shiba Inu would grow like Bitcoin in the past, we could see SHIB gaining +10,984% by 2050, reaching a price point of $0.0035. While that price growth would certainly be impressive, it is worth noting that it’s nowhere near the expectations of some investors who believe Shiba Inu coin will reach $1,000 in the future.
Price catalysts for Shiba Inu’s long-term growth
One of the most important potential price catalysts for Shiba Inu is the recently launched SHIB token burn process, which rolled out as a part of the Shibarium platform during the summer of 2023. Shibarium is a layer 2 solution for Shiba Inu that makes transactions faster and cheaper.
Shibarium burns SHIB as a part of each transaction made. Many analysts believe that this will drastically reduce the high token supply of Shiba Inu (589 trillion as of March 2024) over time and introduce deflationary pressure on the token’s price. The extent to which this could impact the value of SHIB remains to be seen, as it is impossible to predict how many SHIB will be burned once the Shibarum mainnet becomes more widely used. Some investors believe that Shiba Inu could become the next crypto to explode and reach the 1 cent or even $1 milestone thanks to Shibarium burns.
The bottom line: Shiba Inu coin’s price could very well explode in the future
While it’s impossible to predict Shiba Inu’s future price movements with certainty, it is safe to assume that the value of Shiba Inu will continue to grow, especially if crypto continues to gain traction among the mainstream crowd and the launch of Shibarium turns out to be a success.
For more on SHIB’s future price movements, check our analysis on whether Shiba Inu can reach 1 cent in the future. If you are interested in shorter time frames instead, we suggest you follow our Shiba Inu price prediction that showcases potential price movements for a 5-day to a 1-year time period.
