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Shiba Inu could skyrocket to greater heights in the coming years if price projections from several entities for 2025, 2030 and 2040 materialize.
Despite the opportunities it presents, the crypto market often faces uncertainties and periods of bearish pressure. As a result, some crypto assets fail to reach their full potential due to panic selling from investors. Shiba Inu is one of the victims of this trend.
Shiba Inu Faces Selling Pressure
SHIB is currently facing a period of intense selloffs due to the current bearish atmosphere within the broader market. For context, with Bitcoin (BTC) retracing to the $67K region, SHIB has dropped nearly 11% over the past seven days, changing hands for $0.00001688.
Nonetheless, this drop has not completely impacted investor confidence. CoinMarketCap data suggests that Shiba Inu community sentiment is 88% bullish. This is largely due to optimism of an imminent price recovery.
Interestingly, while market watchers have predicted how far SHIB could reach during the current bull run, some bullish projections have presented ambitious targets for the next few years. This article spotlights some of these targets for 2025, 2030 and 2040.
Changelly Predicts Shiba Inu Price for 2025, 2030 and 2040
Analysts at crypto exchange resource Changelly discussed some of these targets in a publication. For the short-term, these analysts suggested that Shiba Inu would end October at a price of $0.00001806, a 7% rise from its current value, and a +2.8% close to the month.
Interestingly, they expect SHIB to spike to a maximum price of $0.0000386 in November but believe a drop to $0.0000191 in December could occur. These analysts then projected multiple long-term targets for Shiba Inu.
According to them, Shiba Inu will trade at an average price of $0.00004995 by next year, with a maximum price target of $0.00005999. The analysts then suggest that SHIB will witness compounded growth over the years.
They expect a potential rise to $0.0003129 as the minimum price for Shiba Inu by 2030. Within this year, they believe SHIB would trade at an average of $0.000323. For 2040, Changelly analysts see Shiba Inu trading at an average of $0.0213, having erased three leading zeros.
ChatGPT Predicts Shiba Inu Price for 2025, 2030 and 2040
Meanwhile, ChatGPT, OpenAI’s LLM chatbot, presented more ambitious targets for Shiba Inu for 2025, 2030 and 2040. ChatGPT sees Shiba Inu hitting $0.00005 to $0.0001 by next year, essentially reaching a new all-time high. The basis for this projection is market growth, adoption and token burns.
Also, the chatbot expects SHIB to sustain its growth over the years, potentially reaching $0.001 to $0.005 by 2030. ChatGPT says the drivers for such a growth could be significant utility, adoption and scarcity.
For 2040, the AI chatbot sees Shiba Inu spiking to a range of $0.01 to $0.05, aligning with the predictions from Changelly analysts. ChatGPT believes stable demand and widespread utility could drive this price. However, it bears mentioning that there is no guarantee that SHIB could reach any of these targets.