Despite its meme-inspired origins, industry experts have identified Shiba Inu as one of the crypto projects with the potential to endure and remain relevant for decades.

Shiba Inu entered the crypto scene in August 2020 and has since climbed the ranks, becoming one of the top ten cryptocurrencies at various points.

Shiba Inu has become one of the most prominent meme-based crypto projects, gaining recognition for its playful origins and potential for sustained relevance in the blockchain domain. Despite its meme-inspired beginnings, industry experts have identified Shiba Inu as one of the crypto projects that could endure and remain a topic of discussion for decades to come.

Entering the crypto scene in August 2020, Shiba Inu has steadily climbed the ranks, becoming one of the top ten cryptocurrencies at various points. With a market cap of $7.8 billion, Shiba Inu is the 17th largest cryptocurrency by market capitalization and the second most prominent meme token after Dogecoin.

Currently, Shiba Inu is trading at $0.15. Many anticipate the coin to cancel more zeros in the future as development and expansion continue in the SHIB ecosystem.

In this context, The Crypto Basic will examine how high Shiba Inu’s price could go by 2050, or 25 years from now. This analysis will utilize price predictions by AI chatbots and suggestions from renowned industry commentators.

Token Burns and Supply Dynamics: A Critical Factor

One of the most significant factors that will determine SHIB’s future price is its massive circulating supply. At present, there are approximately 589 trillion SHIB tokens in circulation.

To put this in perspective, if SHIB were to reach a price of $0.01, it would require a market cap of $5.89 trillion.

However, token burns are being implemented to address this issue.

Projections suggest that a 50% to 90% reduction in the token supply could create the deflationary pressure needed for meaningful price growth without requiring an astronomical market cap.

For instance, a 50% burn would decrease the supply to around 295 trillion, while a 90% burn could reduce it further to approximately 59 trillion.

A 50% burn could potentially push SHIB to $0.01, while a 90% burn might even propel it to $0.1.

Furthermore, if the burns were to proceed exceptionally quickly and reduce the supply to 10 to 15 trillion, aiming for a price of $1 might become a realistic goal.

Ecosystem Expansion: Transforming SHIB

Although Shiba Inu started as a meme coin, its ecosystem has undergone substantial expansion. Key components of the Shiba Inu ecosystem include:

* SHIB token

* RETH token (liquid ether staking)

* SHIB coin mixing service

* A decentralized exchange (DeFi)

* Metaverse project

* NFT collection

* ShibaSwap platform

These developments are gradually transforming SHIB from a meme coin into a utility-driven asset.

As the ecosystem expands and attracts user interest, the demand for SHIB will increase, which could drive up the token price.

Moreover, industry commentators have highlighted the importance of continued innovation and ecosystem adoption for Shiba Inu to stay relevant and attract long-term investors.

Shiba Inu Price Predictions for 2050: A Diverse Range of Estimates

Various sources, including AI-powered platforms like ChatGPT and Grok AI, have shared a broad range of price forecasts for Shiba Inu by 2050.

According to ChatGPT, conservative estimates suggest that SHIB could be worth between $0.0005 and $0.005. This projection assumes moderate token burns, limited but focused utility, and steady market growth.

Considering SHIB’s current price of $0.000015, reaching $0.0005 would require a growth of approximately 3,746%. Hitting $0.005 would demand a more substantial increase of around 38,362%.

In contrast, Grok AI offered more optimistic projections, with potential highs ranging from $0.008 to $0.089 by 2050. These estimates are based on broader adoption and robust ecosystem development.

Notably, reaching $0.089 would require a staggering growth of 684,515% over the next 25 years.

Even more ambitious predictions have come from Telegaon, which projected that SHIB could reach $1.06 by 2050. This would represent an astronomical growth of 8,153,746%.

However, it’s important to note that reaching $1 would require a market cap nearing $589 trillion. Experts agree that this is highly unrealistic without a supply reduction of more than 99%.

While these predictions offer a glimpse into the possibilities, it’s crucial to approach them with skepticism, as market behavior is inherently unpredictable over such a long time frame.