Oscar Ramos doubts Shiba Inu (SHIB) will hit $0.01 in 20 years despite projections of gradual growth through 2050 from Telegaon.<\/strong><\/p>\n Analyst Oscar Ramos recently took to social media to express his skepticism about Shiba Inu (SHIB) reaching $0.01 within the next 20 years, given the current supply dynamics.\u00a0<\/span><\/p>\n Ramos shared a detailed price analysis snapshot from Telegaon, revealing projections for SHIB\u2019s price from 2024 to 2050. This illustrates a potential but challenging path to substantial price increases.<\/span><\/p>\n Are you serious? I mean, 20 years from now is not that bad for me, but honestly, I don’t think $SHIB can go past 1 cent with the current Shiba Inu Supply. Time will tell. Hope I’m wrong #SHIBARMY pic.twitter.com\/j02g6TsIx2<\/p>\n \u2014 Oscar Ramos (@realOscarRamos1) May 20, 2024<\/p>\n<\/blockquote>\n Ramos shared a snapshot from Telegaon that outlines SHIB\u2019s price progression over several phases. According to data from Telegaon experts, from\u00a02024 to 2027, SHIB is expected to experience initial growth, with minimum, average, and maximum prices gradually increasing. For instance, in 2024, the price range is projected between $0.0000421 and $0.0000601, while by 2027, it could rise to between $0.0000945 and $0.000198. This phase suggests a period of market stabilization and gradual appreciation.<\/span><\/p>\n The period from 2028 to 2030 indicates moderate growth, with average prices increasing from $0.000289 in 2028 to $0.000646 in 2030. By 2035, <\/span>SHIB<\/span> is projected to reach a notable milestone, with the maximum price potentially exceeding $0.002. This phase could be driven by increased adoption and market confidence.<\/span><\/p>\n From 2040 onwards, the projections indicate exponential growth. By 2040, SHIB\u2019s average price might reach $0.076, and by 2050, it could surpass $1.00.<\/span><\/p>\n – Advertisement –<\/span><\/p>\n In previous projections, top Bitcoin analysts Jason Williams and Yazan <\/span>proposed<\/span> a target of $0.05 for SHIB in this bull market. They predict that SHIB could reach this price if Bitcoin hits $250K to $777K. SHIB would need a 200,703% rally by 2025 to eliminate three zeros from its price.\u00a0<\/span><\/p>\n While some analysts, like Dona, Eunice Wong, and Bunchhieng, see SHIB\u2019s price possibly reaching $0.000114 this cycle, others suggest a long-term target of $0.05 by 2040. On her hand, Lucie, a Shiba Inu content specialist, remains <\/span>confident<\/span> in SHIB reaching $0.01, reflecting ongoing optimism despite the challenges.<\/span><\/p>\n However, Oscar Ramos believes that, SHIB cannot exceed 1 cent with the current Shiba Inu Supply.<\/p>\n Ramos\u2019 post sparked various reactions from the SHIB community. Oscar V, a long-time SHIB holder, expressed his long-term commitment, planning to hold SHIB for his children\u2019s future, despite the prevalence of rug pulls in the meme coin market. He emphasized his focus on real-world assets (RWA) and well-known meme coins.<\/span><\/p>\n I been holding Shiba for yeaarrss. I am at a point where i am holding shiba for my kids, made peace with becoming a millionaire in 10 years. To many rug pulls on meme that i am focused on RWA and real known meme.<\/p>\n \u2014 Oscar V. (@OscarCryptoKing) May 20, 2024<\/p>\n<\/blockquote>\n \u00a0<\/p>\n Notably, recent burn rates suggest community efforts to reduce the token supply and manage SHIB\u2019s value. However, substantial reductions in supply through sustained burn mechanisms are required to impact the token\u2019s price meaningfully.<\/span><\/p>\n Analysis of daily SHIB burn statistics provided by Shibburn as of May 19, 2024, highlights significant burn activity. Over 9.8 million tokens were <\/span>burned<\/span> within 24 hours, equivalent to $234.84, representing a 579.08% increase in the burn rate.<\/span><\/p>\n Current market sentiment, as reflected in SHIB\u2019s price movements and technical indicators, shows mixed signals. As of the latest data, SHIB trades at $0.00002412, with a 24-hour trading volume of $298,988,854.35. This represents a 2.48% decline in the last 24 hours but an 11.55% increase over the past seven days. The circulating supply of 590 trillion SHIB gives it a market cap of $14.24 billion.<\/span><\/p>\n\n
Projected Price Growth: 2024 to 2050<\/span><\/h2>\n
Community Reactions and Token Burn Efforts<\/span><\/h2>\n
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Market Sentiment and Technical Analysis<\/span><\/h2>\n
![\"SHIB](\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2024\/05\/SHIB-TODAY-600x187.png\" "\\"SHIB")