As one of the hottest cryptocurrencies in the market, Shiba Inu (SHIB) has been making waves with its impressive growth and dramatic declines. Since Shiba Inu is one of the most volatile cryptocurrencies on the market, it’s hard to predict if the coin skyrockets or face challenges along the way. Read more about the detailed Shiba Inu price prediction in StealthEX’s latest article.
| Current SHIB Coin Price | Shiba Inu Price Prediction 2025 | Shiba Inu Price Prediction 2030 |
| $0.000008146 | $0.000068832 | $0.000195 |
Shiba Inu Overview
The history of the Shiba Inu company dates back to 2020 when it was created as an experimental project in the DeFi space. Inspired by the popularity of the Dogecoin meme cryptocurrency, the founders decided to create a token that would pay homage to the Shiba Inu dog breed. Thus, the Shiba Inu token was born.
Initially, the Shiba Inu token gained attention and popularity due to its cute and meme-inspired branding. However, its journey was not without challenges. In the early stages, the project faced criticism and skepticism from the crypto community, as many considered it to be just another meme coin with no real utility or purpose.
| Current Price | $0.000008146 |
| Market Cap | $4,798,816,448 |
| Volume (24h) | $152,063,770 |
| Market Rank | #18 |
| Circulating Supply | 589,326,317,385,000 SHIB |
| Total Supply | 999,982,443,729,104 SHIB |
| 1 Month High / Low | $0.00000958 / $0.000007593 |
| All-Time High | $0.00008616 Oct 28, 2021 |
Despite the initial doubts, the Shiba Inu company persevered and continued to develop its ecosystem. It focused on building a strong and engaged community, which played a crucial role in its evolution. The company introduced various initiatives to incentivize token holders and encourage participation, such as a decentralized exchange and a decentralized autonomous organization (DAO). These efforts helped establish a solid foundation for the project’s growth.
One notable achievement of the company is the successful launch of the token itself. Shiba Inu gained significant attention in the cryptocurrency community due to its resemblance to the popular meme token, Dogecoin. This unique branding strategy helped Shiba Inu quickly gain traction and attract a large user base. The token’s launch was accompanied by a strong marketing campaign, which further contributed to its initial success.
Another milestone for the Shiba Inu company was the establishment of a DEX called ShibaSwap. It allows users to trade Shiba Inu tokens and other cryptocurrencies directly on the Ethereum blockchain. ShibaSwap provides a secure and efficient platform for users to participate in DeFi activities, like staking and yield farming. The launch of ShibaSwap expanded the ecosystem around the Shiba Inu token and provided additional utility for token holders.
Furthermore, the Shiba Inu company has actively engaged with its community through the establishment of a dedicated online community forum and social media channels. This has allowed users and token holders to connect, share insights, and stay updated on the latest developments. The company’s commitment to fostering a strong community has played a crucial role in maintaining the enthusiasm and support surrounding the Shiba Inu token.
Shiba Inu Coin Price History
The story of the token commenced in August 2020, when the creators commenced the journey of the meme coin. By the close of 2020, the token was practically worthless. So, if you look at your calendar and rewind to December 31, 2020, the closing price of Shiba Inu was $0.00000001.
However, 2021 became a pivotal year for the token, as the price started a rapid ascent. In April 2021, the coin seemed to be affected by the wider interest in cryptocurrencies, leading to a sharp price jump. On April 20th, 2021, the currency closed at $0.00000362.
In May 2021, Shiba Inu saw an unprecedented spike in value. Investors were stunned as the token’s price skyrocketed to an unbelievable closing price of $0.00003532 on May 11th, 2021. This rise marked an increase of almost 8,700% from its price in April, demonstrating the extreme volatility and potential of the token. Unfortunately, this skyrocketing trend didn’t last long, and by the end of July 2021, the price had dramatically dropped by nearly 80% to $0.00000642.
After the price drop, Shiba Inu spent the remainder of the year fluctuating between $0.000006 and $0.000008. Yet, just when investors started losing hope, the token demonstrated that it still had some fight left in it. Then the token once again experienced a massive surge, reaching an all-time high on October 28th, 2021, closing at $0.00008616. This boom was considered a significant push from an unexpected endorsement from Elon Musk. As 2021 closed, Shiba Inu managed to hold a decent price point, closing at $0.0000376.
As we delve into 2022, the price has remained relatively stable with some inevitable minor fluctuations due to market volatility. As of February 28th, 2022, the Shiba Inu token traded at a comfortable $0.00002351.
Next, there weren’t enormous price spikes until May 2022. On May 2nd, SHIB was $0.0000216 and then dropped to $0.00001093 on May 13th. It stayed about the same level until August 15th, when it rose to $0.00001695 and then declined again.
Although fall 2022 was a stable season for SHIB, its average price was around $0.000011. In winter, the situation worsened as the token got lower than $0.00001, but January changed it, and Shiba Inu grew to $0.0000147 in February 2023.
SHIB Coin Price Chart
Source: CoinMarketCap, October 28, 2023
As of now, the token has not returned to such heights yet. The price has been quite volatile over this year, reaching its lowest point in June at $0.00000683. The only time SHIB got higher than $0.00001 was on August 13th at $0.0000107.
Shiba Inu Price Prediction
Shiba Inu Crypto Price Prediction 2023
Experts don’t expect enormous price changes until the end of 2023. According to Binance and PricePrediction, Shiba In will finish December at $0.000008 (-1.25%).
Changelly analysts suppose a slight rise in the token, predicting it’ll cost $0.000009183 (+13.37%) on December 26.
CoinPedia is even more optimistic, saying SHIB’s potential high will be $0.0000169 (+108.64%).
Shiba Inu Price Prediction 2024
Most experts come to the consensus that Shiba Inu will keep slowly rising in 2024. PricePrediction supposes that the token will finish the year at the price from $0.000012 (+48.15%) to $0.000015 (+85.19%).
CoinPedia predicts that in the case of positive changes, the token will reach $0.00002026 (+150.12%).
Techopedia experts have a similar opinion on the coin, mentioning that its highest price in 2024 will be $0.000022826 (181.8%).
Binance is more skeptical, considering SHIB will stay at the $0.000009 (+11.11%) level in 2024.
Shiba Inu Coin Price Prediction 2025
In 2025, Binance still has doubts about the token, predicting that it won’t go over the $0.00001 (+23.46%) mark.
Other experts are more positive about the token. PricePrediction says that the Shiba Inu price will reach $0.00002 (+146.91%) in October 2025, and the token will finish that year at $0.000022 (+171.6%).
DigitalCoinPrice has similar thoughts, predicting that the coin will cost around $0.0000274 (+238.27%) in 2025.
CoinPedia has an even more optimistic Shiba Inu crypto price prediction. As they say, its lowest price will be $0.00003078 (+280%) and its potential high will be $0.00003965 (+389.51%).
Techopedia has the greatest hopes for the project, predicting SHIB will reach $0.000068832 (+749.78%) in 2025.
Shiba Inu Price Prediction 2030
Most analysts agree that SHIB will get over $0.0001 in 2030. CoinPedia even believes that the highest price that year will skyrocket to $0.000195 (+2307.41%).
Yet, Binance still doesn’t believe in the huge success of this token, considering its average price in 2030 will be $0.000011 (+35.8%).
DigitalCoinPrice comes to a more optimistic conclusion, but it still supposes that SHIB will start the year at $0.0000847 (+945.68%), slightly get to $0.0000864 (+966.67%) in May 2030, and then decline to $0.0000809 (+898.77%) in December.
SHIB USDT Price Technical Analysis
Source: Tradingview, October 28, 2023
Shiba Inu Price Prediction: Experts’ Opinions
According to Grzegorz Drozdz, Market Analyst at Conotoxia, Shiba Inu isn’t recommended for the majority of investors due to its volatility and unpredictable nature. The expert advises caution when considering this token, as it has experienced huge price fluctuations in the past, including drops of over 90%. While the coin may have moments of popularity, its volatility makes it risky. It may be suitable for individuals with a high risk tolerance and a penchant for the unpredictable nature of meme coins, but for the average investor, the instability may outweigh the potential for returns.
Andrew Lokenauth also has doubts about the token, as he sees Shiba Inu as a purely speculative asset with no real value. The expert believes it lacks practical applications and has concerns about transparency, communication, and a limited ecosystem compared to other tokens, making it potentially volatile.
Factors Affecting SHIB Coin Price
Several factors may positively affect the project. First, Shiba Inu has taken steps to expand its operations, most recently through a partnership with Alpha Transform Holding, a prominent advisory firm.
Additionally, Shiba Inu has teamed up with a prominent Italian cloth company and a quick-service restaurant, Welly. Both have displayed sneak peeks of their Shiba Inu-inspired collections.
These factors will likely lead to greater public knowledge of SHIB and, as a result, an increase in investments in the asset.
Also, the developers behind Shiba Inu have made available the anticipated layer two scaling solution, Shibarium.
Moreover, the team has been consistently working on their side projects, like the Metaverse and the card game called Shiba Eternity. They both must attract new investors, which should affect the SHIB price positively.
Conclusion
Overall, Shiba Inu is one of the most discussed cryptocurrencies. Initially being just a meme coin, it stays volatile today. Its founders are doing their best to make SHIB more valuable, not only for fans of good humor but also for investors. Yet, experts still recommend buying it with caution.
FAQ — Is SHIB Worth Buying?
Since the token is quite volatile, only traders ready for high risks and uncertainty should buy SHIB. This project isn’t the best decision for more conservative investors.
Can Shiba Inu Realistically Reach 1 Cent?
As most experts believe, SHIB won’t reach 1 cent in the next decade. Yet, there’s a chance that it will happen by 2040.
Can Shiba Inu Ever Reach 5 Cents?
According to Telegaon and other forecasts, it would hit that price only in 2040.
Will Shiba Inu Coin Reach 50 Cents?
Yes, but as most analysts say, investors should expect that only by 2050.
Will Shiba Inu Price Reach $1?
Shiba Inu must have a $550 trillion market cap to reach $1 per token. Since now it’s about $4,8 billion, the chances are low.
What Will Be the Price of Shiba Inu in 2024?
The SHIB price will be about $0.000017 in 2024. The highest prediction for the token is that it’ll cost $0.000022826.
What Will Shiba Be Worth in 2025?
According to the most optimistic Shiba Inu price prediction 2025, it will reach $0.000068832. Yet, Binance considers that it’ll cost less than $0.00001.
Will Shiba Inu Coin Reach $1 in 2040?
Even according to the most optimistic Shiba Inu price prediction 2040, the token won’t get over $0.089 by that time.
Where and How to Buy Shiba Inu Coin?
StealthEX is here to help you buy SHIB crypto. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1400 coins and you can do wallet-to-wallet transfers instantly and problem-free.
Just go to StealthEX and follow these easy steps:
- Choose the pair and the amount you want to exchange. For instance, BTC to SHIB.
- Press the “Start exchange” button.
- Provide the recipient address to transfer your crypto to.
- Process the transaction.
- Receive your crypto coins.
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.
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