Shiba Inu Coin Price Prediction 2040
Based on a Japanese dog mascot, the Shiba Inu coin (SHIB) is proving itself an excellent choice for young investors. 2021 saw the worst ups and downs for most cryptocurrencies yet SHIB witnessed its best performance in October of last year. Ever since its debut, the Shiba Inu coin has caught the limelight for various reasons, though its current value is yet to rise more.
In the current bearish trends, we can see a noticeable decline in the market value of the coin and it is going further down. But nothing to worry about, as it is the perfect time to buy more SHIB and wait for the long-run profits.
Let’s know the Shiba Inu coin price prediction 2040. Read on to know more.
Origin Story of SHIB
Shiba Inu coin was first introduced as an entirely secure and decentralized meme token built on the Ethereum network. It was first made into existence by Ryoshi in August of 2020. Little is known about this man as the token creation was done completely anonymously and this is the only name available to track him.
The coin was created with a vision to have all the significant traits of Ethereum, Bitcoin, and Dogecoin under a single name – SHIB. As it was built on the Ethereum network, like many others, it quickly gained popularity.
The reason behind it having such a low market value is due to its massive supply – about hundreds of trillions of SHIB is in rotation across the globe. Even after Vitalik Buterin burned around $6.7 billion worth of SHIB tokens, which is about 41% of the total circulating number of tokens, the price couldn’t be kept much stable, owing to its enormous amount of supply.
Shiba Inu Price Prediction 2040 And Market Analysis
According to experts, the Shiba Inu coin is expected to reach 2021 highs or even better targets in the long run. Although the price is currently plummeting due to technical faults in its construction, it could ascend to a record high by 2040. According to Shiba Inu price prediction 2040, it can hit a whopping 3 million % increase from its current prices!
However, the current value will fall further as the structural faults and the bearish trends hold against the growth of SHIB. The high gas taxes included in the costly Ethereum network transactions are a setback in the growth of the token. Apart from this, Shiba Inu is not as popular as other altcoins which are accepted as a payment method on a larger scale. This is why the price is falling beyond expected losses.
As for Shiba Inu coin price prediction 2040, it is going to rise on the charts closer to the fan-made target of $0.1. Yet, it is recommended to use a low-fee charging exchange like ShibaSwap to invest your funds in the token. This will relieve you of the trouble to have to pay high gas tax fees as on the Ethereum exchange.
By 2040, SHIB is predicted to reach an ATH of around $0.03. It might even rise to a higher point where it breaks the $1.00 target even before the year 2040 ends. There’s a very strong community behind the meme coin and it is quite easy to see why it makes an amazing investment in the long run. Read more shiba inu coin price prediction 2050
Conclusion
The Shiba Inu coin value has skyrocketed in the past months but has never succeeded to hold its position. But, in the long term, it will show a continuous upward flow. The supporting community will make it possible. So, hold on to your SHIB!
