Shiba Inu Price Prediction (SHIB) 2023 2024 2025 2026 - 2030 (2024)

Shiba Inu Price Prediction: The Shiba Inu token (SHIBA), which has recently gained widespread attention in the financial media, has been on everyone’s mind among cryptocurrency investors. However, what information is available about this cryptocurrency, and why is it dubbed “the Dogecoin killer”?

In this article, we fully convey the new cryptocurrency’s current market position and prospects for the future.

Shiba Inu (SHIB) is a token within the Shiba Inu ecosystem. Ryoshi, an anonymous person or group, created this decentralized meme token in August 2020. Since the Shiba Inu coin entered the cryptocurrency market, it has been compared to the DOGE coin. DOGE and SHIB are competing for market dominance. However, apart from the fact that they are meme coins and occasionally feature Elon Musk’s endorsem*nt, they have nothing in common.

The Shiba Inu puppy is used to parody Dogecoin — both are dog-themed cryptocurrencies — but SHIB’s developers aim to solve serious, real-life problems. SHIB was released as an ERC-20 token on the Ethereum blockchain (Understanding the Factors Impacting Ethereum Price), with a total supply of one quadrillion coins. Before launch, developers moved half of the virtual currency to the Uniswap DEX and then destroyed the keys. The other half of the tokens were transferred to Ethereum co-founder Vitalik Buterin.

He beat 90% of the SHIB tokens by sending them to an invalid address. Buterin destroyed 410 trillion tokens worth $6.5 billion in total. Buterin transferred over 50 trillion Shiba Inu tokens to the India COVID-Crypto Relief fund in 2020. They were worth approximately $1.14 billion at the time of the transaction. He also stated that he would donate the remaining Shiba Inu tokens to charity, but this time to support long-term initiatives. Shiba Inu (SHIB) creators hope to grow the project into a full-fledged decentralized ecosystem, transferring 100% of rights to the community to manage the protocol without needing a governing body.

Shiba Inu reached an all-time high of $0.00008 on October 28, 2021, according to CoinMarketCap data. It occurred following SHIB’s listing on several major exchanges. SHIB also introduced its own non-fungible Shiboshi NFT tokens. SHIB’s market capitalization reached a new high of more than $34.29 billion on the same day. Shiba Inu’s price was significantly lower than its ATH at the time of writing, and the digital coin was ranked #14 on CMC with a market cap of more than $7 billion.

The SHIB token is traded on the following exchanges: Binance, Coinbase, FTX, OKEx, and WazirX. In addition, Shiba Swap, a decentralized exchange launched simultaneously as the native Shiba token, is also part of the ecosystem. You can also get it at great rates and with minimal fees through our exchange and DeFi Swap.

During the 2021 crypto-bloom, SHIB’s price skyrocketed, reaching 0.00003503 mid-May. Then, when it was listed on the cryptocurrency exchange Coinbase in September 2021, its price increased by more than 34%.

When the Shiba Inu community pushed for the cryptocurrency to be listed on Robinhood Markets Inc., the price skyrocketed to an all-time high of $0.00008845 in late October 2021. However, the altcoin was listed on the exchange in April 2022. It had displaced Dogecoin as market capitalization’s most valuable meme coin at the time. The surge also resulted in widespread adoption by cryptocurrency enthusiasts. SHIB’s market price continued to fall as the cryptocurrency market crashed in the second quarter of 2022. It fell from 0.000026 in April 2022 to a little less than $0.000008 by mid-June 2022. It has not performed any better since then, trading at $0.00001261 at press time.

However, along with DOGE, SHIB has been responsible for a flood of meme-coins in the cryptocurrency market, including Bit Shiba, King Shiba, and Baby Doge.

The SHIB price has been quite volatile in the last three months of 2022, with the highest price being $0.00001739 in August. Following that, the price failed to hold on to the bulls and is now trading at $0.00001123.

Meme coins like SHIB coin are a bad long-term (1-year) investment and a high-risk investment, says Wallet Investor, a crypto prediction expert. According to their SHIB price predictions, the coin could fall as low as $0.000000815 by 2024. On the other hand, another expert, GOV Capital, predicts that Shiba Inu (SHIB) will be worth $0.000279 in the next five years.

Looking at other experts’ predictions, Finder’s SHIB coin price prediction suggests that the Shiba token could be worth $0.00004930 in 2025. Simultaneously, Shiba Inu’s price for 2030, according to AMB crypto’s analysis, ranges between $0.00018 and $0.00028, with an average price of SHIB around $0.00023.

The long-term price prediction indicates that, despite SHIB token price fluctuations and high risk, SHIB digital assets are expected to be profitable with a bullish trend.

However, because SHIB is not a technologically driven cryptocurrency, it needs strong fundamentals. It is primarily based on cryptocurrency market speculation and news. Memecoin hype, the launch of “ShibaSwap,” inclusion on major broker platforms, businesses accepting SHIB as payment, and investors burning tokens are all expected to impact the token price significantly.