Shiba Inu (Shib) has one of the most loyal and dedicated fanbase. The incredible performance of the project at the 2021 Bull Run won a massive follow. Some early investors earned millions, but many took part in the project at peak times. Long-term SHIB investors are still waiting for their assets to regain their 2021 high. Let’s take a look at what long-term SHIB investors can expect from the project by 2030.
What Shiba Inu long-term investors should know
Investors who purchased SHIB when their assets were at their peak are sitting at a significant loss. According to data from Intotheblock Shiba Inu, 61% of all SHIB owners are out of money. The platform also highlights that 79% of SHIB owners have held their holdings for more than a year. Long-term holders appear to be suffering due to the lack of performance in Shiv.
Shiba Inu (Shib)’s incredible run in 2021 is due not only to the hype of the project, but also to the massive burns of Vitalik Buterin. Butaline received half of Shiv’s supply at launch. The co-founder of Ethereum decided to burn 90% of the tokens they received. His actions led to a massive supply dip and, as a result, a sudden price increase.
While replicating the 2021 burns is nearly impossible, the SHIB team is reportedly working on a new burn mechanism. The new burn mechanism is rumoured to allow trillions of coins to be sent every year into a dead wallet. The move could lead to another large price spike in Shiv by 2030.
Shib’s growing ecosystem is another factor that helps prices rise. You can see that there will be a large number of applications built by 2030 in this project’s Shibarium network. As development rises, Shib’s prices could follow a similar trajectory.
The crypto market is expected to rise to new heights by 2030. Bitcoin (BTC) could reach the $1 million mark by the end of the decade. Such a scenario could lead to other crypto assets rising. Shiv can climb to $0.0001 under these conditions.
For long-term Shiba Inu (Shib) holders, the future may be brighter than they think. Only time can tell how things unfold.
