While wondering whether Shiba Inu will be able to regain its previous highs, crypto analysis firm Telegaon recently published a timeline for the asset in question to reach $0.0001.
Analyst Firm Predicts When Telegaon Shiba Inu Could Reach $0.0001
For Shiba Inu to reach $0.0001, it must recover and break above the all-time high of $0.00008845.
Shiba Inu reached this ATH value in October 2021. However, with a long-lasting correction, it fell below this price and entered a downward trend.
The Shiba Inu has clawed back nearly all of its gains in 2021, falling 91.5% from its all-time high. However, market participants are hoping for a recovery, although they are unsure of the time frame required.
In one of its recent reports, analytics platform Telegaon examined historical data of the Shiba Inu, including its origins and appeal to investors. The platform highlighted SHIB's astronomical rally and subsequent price decline in 2021.
Predicting a timeline for an imminent recovery, Telegaon claimed that the Shiba Inu could reach the $0.0001 target in 2027. This represents a 1,231% increase in the Shiba Inu's value over four years. While this may seem ambitious, Telegaon's estimates are higher.
Not only does the platform predict that SHIB will regain $0.0001 in 2027. He also predicts that the asset will trade at an average price of $0.000153 that year.
According to Telegaon, the minimum price of Shiba Inu for 2027 will be $0.0000945 and the maximum price will be $0.000198.
*This is not investment advice.
