Over the past few weeks, the Shiba Inu (SHIB) market has seen a significant surge. After years of stagnation for SHIB, some investors have reaped massive gains, thus rewarding the rise of this MEME coin. Some investors continue to purchase the asset, hoping for huge gains in the future. However, others have sold and decided to take profits immediately. During this period, an analyst made headlines for his views on this matter.
Can Shiba Inu really reach 50 Cents?
Over the past month, the price of Shiba Inu has risen by 27%. The MEME coin's trading price has skyrocketed from a low of $0.00001654 to a high of $0.00002896. This surge has prompted Forbes 30 Under 30 elite Carl to boldly state in a recent X post that he will not cash out his Shiba Inu assets until the price of SHIB reaches "at least" $0.50.
SHIB's past performance, especially in 2021, has a significant impact on this prediction. The analyst, who frequently appears on FOX and CNBC, hopes that Shiba Inu will perform as well as it has in the past. He believes that if the asset quickly gains any upward momentum, it could reach the $0.50 mark.
As of the time of writing, the trading price of Shiba Inu is $0.00002444, down 0.15% in the past 24 hours. SHIB would need to surge 2,045,823% to reach $0.50. Given the asset's growth over the past year, achieving this goal seems impossible. However, it is worth noting that SHIB has successfully risen 1834670.45% from its all-time low.
Price Prediction
According to Telegaon's data, it will take some time for SHIB to reach the $0.50 price, but it is not impossible. The company revealed that SHIB will surge to this high point between 2040 and 2050.
