Shiba Inu’s price prediction data actually reveals some pretty remarkable investor patience right now, and the Shiba Inu hold time has been reaching around 2.8 years. This extended holding period suggests growing confidence, even with significant Shiba Inu resistance levels that are being faced by traders. However, will Shiba Inu reach that ambitious $1 target, and what does this whole Shiba Inu $1 forecast actually mean for investors at the time of writing?
Shiba Inu Price Prediction, Hold Time, and $1 Forecast Insights
Extended Hold Time Shows Real Commitment
Recent Shiba Inu price prediction analysis has been revealing some unprecedented investor dedication right now. As Sentora reveals, the average Shiba Inu hold time currently stands at around 2.8 years, which is actually quite impressive. This data point highlights an increasing trend of long-term conviction among investors, and it signals that the SHIB community is being evolved beyond just short-term speculation.
Also Read: Analyst Reveals Shiba Inu Coin Upcoming Events Behind 130% Surge
Technical Barriers Create Major Price Challenges
Some of the current Shiba Inu resistance levels are also presenting some major hurdles for any price appreciation. IntoTheBlock data shows that 474.9 trillion SHIB tokens were previously bought between $0.000016 and $0.000019 by some 71,360 addresses. Breaking through these massive Shiba Inu resistance zones remains pretty crucial for any Shiba Inu price prediction to actually materialize in the coming months.
The $1 Mathematical Reality Check
The ambitious Shiba Inu $1 forecast is facing some substantial challenges right now. The Motley Fool stated:
‘There are 590 trillion Shiba Inu tokens in circulation. Keeping the supply constant, this implies an illogical $590 trillion market cap at the end of the decade.’
This would actually dwarf the $30 trillion US economy. Current burning mechanisms show only around 180,000 coins being burned in 24 hours, making minimal impact on the overall supply.
Also Read: Buying Early Pays Off: $10 in Shiba Inu in 2020 is $2 Million Now
More Realistic Price Expectations
Despite the $1 dream seeming pretty impossible, will Shiba Inu reach more reasonable targets? The long Shiba Inu hold time indicative of 2.8 years proves that the investors will be placed on a long-term growth path and not short term profitability. This is coupled with the ecosystem and is likely to help SHIB clear the existing levels of resistance related to Shiba Inu, except that any Shiba Inu $1 prediction is mathematically difficult under the supply limitations.
