Shiba Inu (SHIB) is down by almost 90% from its all-time high of $0.00008616, which it attained on Oct. 28, 2021, over two years ago. Since its October 2021 peak, SHIB’s price has been on a downward trend. Moreover, while other significant projects had a lucrative year in 2023, SHIB’s price took a backseat despite a layer-2 network launch.
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However, SHIB fans, collectively called the SHIB Army, are still in pursuit of reclaiming the all-time high.
When will Shiba Inu (SHIB) reclaim its all-time high of $0.00008616?
According to Changelly, SHIB could reclaim its all-time high of $0.00008616 sometime in August 2029, over five years from now. The analysts at Changelly look at an asset’s past performance and predict its future price.
Telegaon, on the other hand, is more optimistic about Shiba Inu’s (SHIB) performance. The platform anticipates SHIB to reach its all-time high in 2026. However, Telegaon does not say in which month of 2026 SHIB could hit its peak.
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As for 2024, Changelly predicts SHIB to reach a maximum price of $0.0000149985, a rise of about 70% from current levels. Telegaon, on the other hand, paints a more bullish picture for SHIB in 2024, predicting a maximum price of $0.0000571, a rise of over 548% from current price levels.
However, there is also a possibility that Shiba Inu (SHIB) will reach its all-time high much sooner than anticipated. If the crypto market enters a 2021-like bull run, we may see SHIB’s price skyrocket. Moreover, the SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. Both developments could propel SHIB’s price to new highs sooner than the two platforms have predicted.
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