Shiba Inu deleted its fifth zero on Tuesday after Bitcoin climbed above the $56,000 mark. SHIB is currently trading at the $0.00001080 level and is moving in tandem with Bitcoin’s stellar performance. BTC pulled other leading cryptocurrencies up along with it and the majority of altcoins have reached a new monthly high.
Also Read: Shiba Inu Predicted To Reach 50 Cents: Here’s When
Now that Shiba Inu deleted its fifth zero, when will the dog-themed token delete all its zeroes and hit the $1 mark? In this article, we will highlight a price prediction on when SHIB could reach the $1 milestone.
Shiba Inu: When Will SHIB Reach The $1 Milestone?
Leading on-chain metrics and price prediction firm Telegaon has painted a rosy picture for Shiba Inu. According to the price prediction, SHIB could reach the $1 mark sometime in 2050. That’s a bold prediction considering the unending 549 trillion circulating supply it currently holds.
Also Read: When Will SHIB Reach 2 Cents?
That’s another two and a half decades from today and a long time to get there. The firm estimates that Shiba Inu could reach $1 in the next 26 years in 2050. To reach the price target of $1, SHIB must delete all its zeroes and consistently rally over the next two decades or more.
However, the prediction takes into account that Shibarium will burn 90% or more of its circulating supply. If Shibarium does not burn trillions of tokens every year, then Shiba Inu might never reach $1. Let alone $1, even hitting $0.01 will remain to be a Herculean task if the circulating supply is not drastically reduced.
Also Read: If SHIB Burns 100 Trillion Tokens a Year, Will It Reach $0.01?
Also, there is no guarantee that Shiba Inu could reach $1 in 2050 or any other year. The cryptocurrency market is highly volatile and cuts both ways delivering severe losses. It is advised to do thorough research before taking an entry position into SHIB and trade at your own risk.
