Shiba Inu is currently one of the leading meme coins, rising rapidly high on the investor radar. With the cryptocurrency market battling volatile forces at the moment, SHIB’s momentum has slowed down significantly, leading the token to trade at a low price value spot of $0.00001605. That being said, will SHIB ever be able to “truly” break out and establish incredible price highs as it did in 2021? Let’s find out.
Also Read: Tesla’s 11,509 Bitcoin Stash Worth Over $1 Billion Revealed in SEC Filing
Shiba Inu: Will The Token Gain Momentum Soon?
Shiba Inu is currently at the center of speculation, given its massive popularity and potential. In the latest SHIB development, the token has struck a new partnership with the UAE government to “energize web3.” Such promising developments can be one of the pivotal keys to pushing XRP to new highs, possibly helping the token come out of its price slump as soon as possible.
“Shiba Inu has joined forces with the UAE Ministry of Energy and Infrastructure (MoEI) in a historic collaboration—one that transforms how nations embrace Web3. For the first time, a world government is integrating blockchain at a federal level. This isn’t just another crypto partnership—it’s a nationwide movement unifying Shiba Inu’s Operating System™ across all Emirates.” The press release stated
Apart from this, Shiba Inu’s lead developer, Shytoshi Kusama, has recently assumed a new role. Kusama will now be overseeing the global collaborations segment of the Shiba Inu Ecosystem, which roughly means amplifying SHIB’s presence on a global scale. This could potentially bring up more collaborations for SHIB, helping the token strengthen its base in the meantime.
Also Read: Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs Soon
Will The Token Ever Claim $1?
The SHIB army, the dedicated SHIB enthusiasts, have long been vying for the token to scale new highs. In such instances, investors have often had high hopes for SHIB, hoping for the token to ace and cross the $1 mark and beyond.
Per technical analytical platform CoinCodex, Shiba Inu’s surge to $1 is highly unlikely from a practical perspective. The token will take years to reach the aforementioned price mark, making it a far-fetched price target to aim for.
How High Can SHIB Truly Surge By 2049?
Per CoinCodex, Shiba Inu may surge as high as 6,209,260.22% to hit the $0.002 price mark at the max. It may eventually surge to hit more, but that may take years and years of work for the token to lift off.
“Shiba Inu would need to gain 6,209,260.22% to reach $1. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $1. The highest expected price our algorithm estimates is $0.002077 by 2049.”
Also Read: XRP: When Will Ripple’s Case With The US SEC End?
