When Will SHIB Hit A New All-Time High

On Oct 15, 2024

Shiba Inu (SHIB) has seen a fair share of success in its four-year history. The asset’s price has risen by many million percent since its launch in August 2020. Early investors made millions of dollars in profit, solidifying SHIB’s name as a “millionaire-maker.”

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Predicting SHIB’s Future: Market Trends And Analyst Predictions

Shiba Inu with lots of money — Image Source: Watcher Guru

While SHIB is still one of the most popular crypto assets, its price has struggled to regain momentum. The dog-themed meme cryptocurrency is down by nearly 79% from its all-time high of $0.00008616, which it attained in October 2021, three years ago.

SHIB displayed a robust turnaround earlier this year when Bitcoin (BTC) hit a new peak in March. The dog coin climbed to a yearly high of $0.00003629 but has since fallen by nearly 50%.

When Will Shiba Inu Hit A New All-Time High?

Telegaon’s Analyst Prediction on SHIB

According to Telegaon analysts, SHIB will reclaim its all-time high sometime in 2026, about two years from now. The platform anticipates the asset to trade at a maximum price of $0.0000943 in 2026, a rise of about 415% from current levels.

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Changelly Analysts’ Predictions On SHIB’s Price

Changelly is slightly more bearish on SHIB than Telegaon. The platform predicts Shiba Inu (SHIB) will reclaim its all-time high sometime in 2027, about three years from now. Changelly analysts predict SHIB to trade at a maximum price of $0.0001229877 in 2027, a rise of about 571% from current levels.

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Potential For Early Peak

There is a possibility that the dog-themed cryptocurrency will reclaim its all-time high sooner than predicted, given the right market environment. The SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can drastically reduce the asset’s supply, we may hit a new peak much sooner than anticipated.