The Potential of Shiba Inu (SHIB) to Reach Higher Prices

Shiba Inu (SHIB) has several rags-to-riches stories. Many early investors have made millions in profits and, in some cases, even billions. While some think it is too late to make it big with SHIB, others believe there is still time.

According to Changelly, Shiba Inu (SHIB) could hit a maximum price of $0.0002319768 in 2030. The price rise would translate to a growth of over 2330% from current levels. To have one million dollars worth of SHIB at $0.0002319768 per token, you will need a total of about 4312203536.01 (4.31 billion) tokens. The price of 4,312,203,536.01 SHIB right now is about $41,004.74.

Also Read: Shiba Inu (SHIB) Rallies 8%: Can It Delete a Zero This Week?

Telegaon, on the other hand, is more bullish on SHIB. The platform anticipates the token to hit a maximum price of $0.000712 in 2030, a rise of over 7380% from current levels. To have one million dollars worth of SHIB tokens at $0.000712 per coin, you will need about 1,404,494,382.02 (1.40 billion) tokens. The price of 1.40 billion SHIB right now is about $13,355.33.

How can Shiba Inu (SHIB) reach higher prices by 2030?
Source – Token Metrics
SHIB is currently down by 89% from its all-time high of $0.00008616, which it attained in October 2021. Moreover, the asset is struggling to delete a zero after its decimal point, which it gained in December last year.

Despite a 7.2% rally in the weekly charts and a 4.2% rally in the 14-day charts, SHIB is still down by 2.5% over the previous month and 23.2% since February 2023.

Source: CoinGecko
Also Read: Shiba Inu: How To Become a Billionaire When SHIB Hits $0.01?

Shiba Inu’s (SHIB) massive supply is one of the most significant barriers to its price. For SHIB to reach higher prices, the team has to reduce the supply. The SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can successfully remove trillions of tokens yearly, SHIB may reach higher prices sooner than anticipated.