Krutika Adani
Analysts expect Shiba Inu to reach $0.000075 by the end of 2024 which means it could potentially cross $0.0001 by the end of the Alt Season.
The Shiba Inu ecosystem is growing fast with the latest additions being the Shibarium, DAO-based decentralized governance, and several other DeFi capabilities.
High growth in memecoins has been a major factor providing support to Shiba Inu along with its latest on-chain developments.
However, some challenges remain like lower network utilities compared to other L2s and the current geopolitical mishappenings in the Middle East.
With all these in our view, we expect Shiba Inu to reach the price tag of 1 cent by 2030.