- November 25, 2023
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Shiba Inu (SHIB) is well below its all-time high of $0.00008845 (about 90%). However, a particular crypto platform is predicting that the meme coin could once more attain its peak and even surpass it.
SHIB To Reach A New All-Time High In 2029
The prominent crypto-tracking platform Changelly has predicted that SHIB will hit a maximum price of $0.0000949905 by 2029. Going by this prediction, the next time SHIB is likely to see a new all-time high (ATH) is in 2029. In the years leading up to then, none of the maximum values for SHIB matches up to its current ATH.
In 2024, Changelly puts SHIB’s maximum value at $0.0000149985. Meanwhile, SHIB is projected to have a maximum value of $0.0000219978, $0.0000329967, $0.0000479952, and $0.0000669933 in 2025, 2026, 2027, and 2028 respectively. Generally, Changelly’s outlook on SHIB is bullish.
The platform predicts SHIB to end the year on a high with a price of $0.000009023 as of December 24, representing a 9% increase from its current price. In the immediate, Changelly predicts that SHIB could see about a 3% increase entering into December.
Also, all the platform’s technical indicators signal a 64% bullish sentiment on the meme coin. The Fear and Greed index displays a score of 66 (which signifies Greed). Over the last 30 days, Changelly states that SHIB has been in the green on 16 of those days (53%) and has had a 4.82% price volatility.
Changelly highlighted SHIB’s potential to become a solid asset as it continues to experience some sort of resurgence. The meme coin has seen an increase of over 10% in the last month while adding a colossal average amount of $0.0000008 to its current value.
SHIB’s Ecosystem Standing Strong
Shiba Inu and its community seem to be unfazed by the recent accusations, which were leveled by the prominent community project Shibburn. This is evident in the fact that Shibarium recently recorded a significant milestone as it saw an increase in daily transactions on the network. Shiba Inu’s marketing lead, Lucie, drew the community’s attention to this fact in an X post.
The layer-2 network also recently crossed the 4 million mark in terms of total transactions processed on it. Meanwhile, Shiba Inu’s developers continue to strengthen the network even as they recently announced a new feature. This new feature is focused on enhancing community engagement and support for the network’s validators.
SHIB’s price has also remained resolute in the face of adversity. At the time of writing, SHIB is currently trading at around $0.000008324, up about 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pexels
