Shiba Inu Coin Price Prediction

Preface

In this article, we will be addressing Shiba Inu coin price prediction in the next five years.Today, the Shiba Inu coin is one of the most famous and widely talked about cryptocurrencies. Anyone who has been keeping tabs with the Shiba Inu coin has seen how its value is skyrocketing. Therefore, one should not be surprised to see the Shiba Inu ranking number thirteen in the market rank and having a market capitalization of $19.983 billion. The Shiba Inu coin has gained popularity due to certain features. One of the reasons is the typical tweets by SpaceX and Tesla owner Elon Musk. Musk’s tweets associate themselves with alterations in meme coins prices, and Shiba Inu is not exempt. In some of the recent tweets from Elon Musk, there was one where he posted his Shiba Inu dog, “Floki”. Since then, the Shiba Inu revenues have been spiking up.

Today, SHIB has transformed into a decentralized ecosystem despite it beginning as a fun currency. The Shiba Inu ecosystem possesses three tokens. These tokens are Shiba Inu (SHIB), Leash, and Bone. Shiba Inu injected Vitalik Buterin’s Ethereum wallet with 50% of SHIB during the official launch, where he donated 10% ($1 billion) in India for Covid-19 relief. In addition, the Shiba Inu ecosystem also comprises of ShibaSwap that offers a platform for trading cryptocurrencies. There is also the Shiba Inu Incubator and also Shiboshis. LEASH is a token in Shiba Inu Team that provides incentives on Shibaswap. On the other hand, BONE is a governance token meant for holders to vote on specific proposals in Doggy DAO.

What Is Shiba Inu Coin (SHIB)

An unidentified group or person called Ryoshi created the Shiba Inu coin (SHIB) in August 2020. The primary intent of creating the Shiba Inu coin was to poke fun at Dogecoin. Therefore, we can state that Ryoshi first created Shiba Inu Coin as a meme coin. A meme coin is a cryptocurrency that is meme-inspired and that its creators make as a joke. The general public and creators do not take these meme coins seriously despite being in the same categories as other typical cryptocurrencies such as Bitcoin. The meme coins are continuously gaining popularity, and the Shiba Inu coin is not exempt. On the face of it, one may argue that the Shiba Inu coin meme creators had the intent to unseat Dogecoin in the crypto market. The Shiba Inu Coin has continued to enjoy an enormous surge in its prices.

Ryoshi named the Shiba Inu coin after the Japanese dog breed, Shiba Inu, which originates in the Chubu region. Dogecoin’s logo also uses the same dog breed. The Shiba Inu coin also uses the Shiba Inu hunting dog as Altcoin’s mascot. As earlier stated, the Shiba Inu coin creation aimed to overthrow Dogecoin. After releasing the Shiba Inu coin, the creators dubbed this meme coin the “Dogecoin Killer”. We may also state that the Shiba Inu coin is in its active development. The reason to say this is because the coin has only enjoyed two years in the cryptocurrency space. Therefore, there is still a long way to go for the Shiba Inu coin despite its recent success. In addition, with the prevalence of the Covid-19 pandemic, there might be some ups and downs for the Shiba Inu Coin.

Shiba Inu Coin Value

The Shiba Inu coin has a market cap of about $19 billion. In addition, the Shiba Inu coin also has a circulating supply of 549 trillion coins and a maximum supply of 1 Quadrillion coins. The Shiba Inu coin value has rocketed by 150 times from as low as $0.000000000056 to around $0.000084, its all-time high within eight months. As stated earlier, the Shiba Inu coin has captured peoples’ attention even as a meme currency. With the guide of the overall chart, we can say that the Shiba Inu coin has grown at a very high rate and has overthrown Dogecoin. However, this statement is in terms of market cap. Shibu Inu coin prize rapid rise has made crypto analysts and experts concerned regarding an upcoming massive correction.

The Price History of Shiba Inu Coin

Before predicting the SHIB price, let’s understand its history.

August 1st – 31st December 2020

SHIB entered the market in August 2020, where it traded at $0.000000001 where prices almost fell at the end of the month, SHIB trading at $0.0000000002. At the start of September, SHIB prices started shooting where they even doubled, only for them to decline to $0.00000000014 by the end of September. SHIB experienced downward trajectories in October and November. During this period, SHIB price was $0.00000000006. Prices continued to maintain around this level in December. However, the prices slightly rose during the end of the year to $0.00000000008. This represented a staggering 92% loss since the launch of SHIB.

1st January – 31st May 2021

SHIB enjoyed gains in January, and by the end of the month, its value was $0.000000005. February was a mixed month where at some points, SHIB was valued at $0.000000003 and $0.000000008. By middle March, SHIB values were at $0.00000011, but by the end of the month, the price had shifted to $0.000000057. At the beginning of April, SHIB was valued at $0.0000042, only to value at $0.00000202 at the end of the month. At the start of May, SHIB was priced at $0.0000013, and it rocketed with 457% on 10th May 2021 to $0.00003934. By the end of March, SHIB had a market price of $13.5 million. By then, SHIB was enjoying 50 million gains. However, SHIB crashed again to $0.000000654 after nine days.

1st June – 23rd December 2021

SHIB started June 1st, priced at $0.00000881 and ended the month on June 30th, priced at $0.00000883. The prices in July were $0.00000832 at the beginning and $0.00000625 at the end. August prices started with $0.00000631 and ended with $0.00000685. SHIB’s price on September 1st was $0.00000719, and in the end, the price was $0.00000721. The highest price on that month was $0.00000947and the lowest on $0.00000513. On October 1st, SHIB price was $0.00000770, while on October 31st, the price was $0.00006697. The highest price was $0.00008841, and the lowest was $0.00000716. The month generally enjoyed a 828.85% rise in market capOn November 1st, SHIB price was $0.00007156 and closed November 30th with $0.00004733. Typically, the month showed that SHIB price was falling by 29.32656815%. On December 1st, SHIB price was $0.00004410, while on December 22nd was $0.00003503.

Shiba Inu History Price Summary

We may learn about the Shiba Inu coin’s history price trajectory by looking at its comprehensive prior values.

The chart below is the detailed history price of the Shiba Inu coin from 2020-2021.

YearLowest PriceHighest Price
Second half of 2020$0.00000000002$0.00000000006
Jan – May, 2021$0.000000001$0.0000786
Jun – Dec, 2021$0.00000513$0.00008841
The Price History of Shiba Inu in 2020 and 2021

Shiba Inu Coin Price Prediction from 2022 to 2025

From the history price part, we can see that Shiba Inu’s Price soared more than ten times in October 2021. This rise gave it 13th rank of all cryptocurrencies, making it “the Dogecoin killer”. Since the Shiba Inu project is 100% run by its community, said in its white paper, it would be much harder to forecast its price trend. Let’s see the SHIB coin price prediction from 2022.

Shiba Inu Coin Price Prediction for 2022

The launch of Doggy DAO was the main force that made the high growth of SHIB last year. And Elon Musk’s tweets have played a major role in most of the fluctuations of Shiba Inu since it was found.

Shiba Inu Coin Price Prediction
The RSI of SHIB in Q4, 2021

The SHIB price has fallen by two-thirds of its all-time high now. But from the RSI (Relative Strength Index), we can see the SHIB has been under 50 for quite a long period. In other words, it’s a great chance to take a long position of Shiba Inu now.

The price of the Shiba Inu coin in 2022 would run under an all-time high. It will swing between $0.00002800 and $0.00008900.

Shiba Inu Coin Price Prediction for 2023

It is crucial to understand that the prices of all meme coins are highly volatile and unpredictable. It could be affected by new coin launches or even tweets from Elon Musk.

Here we’ll take a look at the prediction from Gov Capital. This source shows a positive trend all through the year. Shiba Inu’s price will stay in a bull market and reach $0.000158 ~ $0.000213 mid-year. By the end of 2023, it could surge up to $0.0003.

Shiba Inu Coin Price Prediction for 2025

Shiba Inu is an altcoin based on the Ethereum network. It may be largely affected by the stability of ETH. Although the Shibarium founder Eric M said, “Shiba Inu won’t need and won’t be ETH 2.0”, the price of Shiba Inu is still highly correlated to ETH.

As a result, based on the price prediction of ETH, we expect that Shiba Inu will trend between $0.0003 and $0.0005 from 2024 to the end of 2025.

What Do Investment Agencies Say

Wallet Investors

The Wallet investors predict that Shiba Inu will be an easy buy next year because they see Shiba Inu hitting $0.000038 and $0.000098 at the end of the year. Wallet investors believe that SHIB is a long-term investment wherein in 2025, SHIB will price at $0.000279.

Long Forecast Investors

The Long forecast investors predict that SHIB will enjoy strong but inconsistent growth prices of $0.0002 in 2022. The prices will be $0.0005 in 2023 and $0.0075 in 2024.

Trading Beasts

According to many trading beasts, SHIB’s current momentum will ensure that the meme coin’s price shoots up next year. Trading Beasts believe that SHIB may price $0.0000411 in 2022.

Digital Coin Price

Digital Coin predicts that the SHIB value may be at $0.000062 in 2022. In addition, Digital Coin argues that SHIB will value at $0.000067 by 2023 and $0.000097 by 2025.

FAQ about SHIB Investment

Where to buy the Shiba Inu coin?

There are several platforms where one can buy the Shiba Inu coins. These platforms include Binance, KuCoin, Crypto.com, and Atomic Wallet. If one intends to purchase or sell Shiba Inu coin, Binance is the most active exchange form. One may also buy the Shiba Inu coin on Uniswap (through Trust Wallet). This, however, requires one to trade Ethereum for the Shiba Inu coin.

How to buy the Shiba Inu coin?

Buying the Shiba Inu coin is quite simple:

  1. One must complete their signup process in the platform they have already chosen.
  2. One should provide the required documents.
  3. One must deposit currency and then buy the Shiba Inu with their fiat currency.

Should I invest in Shiba Inu Coin?

First, let us discuss some of the past experiences. Shiba Inu surprised its investors in May after associating itself with 2500% returns. However, Buterin’s donations to India minimize the chances of this surprise anytime soon. In addition, cryptocurrency market crashes and trends lower the chances of these high returns. Therefore, we may arguably state that Shiba Inu is not a safe or sure investment. Past experiences are not a guarantee of the future. Consequently, you should invest what you can afford to lose. Before investing, do your thorough research.

How does Shiba Inu compare to other cryptocurrencies?

Shiba Inu is one of the various cryptocurrencies that include Ethereum and Bitcoin. Some cryptocurrencies are more promising and enjoy more growth than others. Therefore, there is a need for you to understand the vast space of virtual coins. You should identify the risks, benefits, and features of Shiba Inu before investing in the cryptocurrency.

Summary

Shiba Inu is a young crypto token high upward momentum in the market. SHIB has proved it is a good investment that can bring traders with huge profits. But before you add it to your portfolio, make sure you’ve also read the long-term price prediction of Ethereum. It would benefit you even if you are planning to learn the price of Shiba Inu far to 2030.

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