Shiba Inu (SHIB) has been in existence for quite some time now, and it has repeatedly been known as one of the cryptocurrencies with a vibrant community backing. The token is inspired by the Dogecoin crypto and has since become one of its major rivals. Since its launch, the cryptocurrency has grown immensely, and today, it is one of the top 20 cryptocurrencies ranked by its market capitalization.
Going with the current news of what is happening in the crypto world, it is likely that this token’s price will continue going up, giving an even better reason to Invest in SHIB.
The Shiba Inu burning has surpassed a significant milestone of 4.4 billion tokens for gaining more bullishness from highly-interested crypto investors. This ongoing Shiba Inu burning strategy can increase the cryptocurrency price in the near future with a constant value in the top cryptocurrency list. It has been speculated that ShibaSwap 2.0 is set to support a new burning mechanism for this Shiba Inu burning strategy. This can skyrocket SHIB to the next level, as expected by its community.
A Metaverse project named “SHIB: The Metaverse” is soon to be launched as detailed in an official post on its website, The developers of the famous meme coin described the virtual reality space as the creation of an enabling environment for growth and sharing among Shiba Inu traders – the ShibArmy.
Today’s Shiba Inu price is $0.000010 with a 24-hour trading volume of $230,655,816. Shiba Inu is down 2.00% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $5,697,902,755. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.
Let’s walk through Shiba Inu’s tracks through time to help decide whether SHIB is an excellent addition to your crypto portfolio. Let’s see what Elon Musk will do to help push the meme coin.
• How To Stake Shiba Inu On Metamask?
What is Shiba Inu?
Shiba Inu has realized significant gains following its recent listings on popular crypto exchanges like Binance. However, there are bold critics of this ranking by market cap. However, on 6 April 2022, the price of several of the most popular cryptocurrencies fell today as investors evaluated moves by the Federal Reserve, which is desperately trying to rein in surging inflation.
Shiba Inu Overview
Shiba Inu was initially listed on ShibaSwap, a decentralized exchange platform for Shiba Inu. The token, however, was created anonymously, just like Bitcoin, with the founder calling himself, Ryoshi.
Shiba has since grown over time, and now the token is listed as one of the most popular cryptocurrencies in the world, with a stable ranking consistently above #20 on CoinMarket1cap.
Shiba Inu has an inherent relationship with other tokens such as LEASH and BONE, used as governance tokens on Shiba Inu’s Decentralized Autonomous Organization.
One famed investor bought $5,000 Shiba Inu in late 2020, which was worth over $5 billion at its peak. This being said, that same investor is now barely a billionaire –– Shiba Inu has depreciated nearly 75% from its all-time highs.
Shiba Inu Applications
There are several broad aspects to consider when determining the application of a cryptocurrency. The meme coin, for instance, borrows several qualities from different cryptocurrencies, making it relatively similar to other meme coins.
Although these tokens are often referred to as meme coins, it is evident that they sometimes offer value that can’t be found achieved when using mainstream tokens like Bitcoin and Ethereum.
So, what are some of the merits of Shiba Inu that warrant its usage?
SHIBA INU is built on the Ethereum blockchain and borrows several security features from its parent blockchain. Therefore, the Shiba Inu prediction analyzes the technology used behind a particular cryptocurrency to determine its longevity in the crypto space. Since the Ethereum blockchain is quite stable, the Shiba coin has a promising future.
Due to its relatively low transaction fees, the SHIB can essentially be used as an online currency – one of the main goals of developing Bitcoin, according to Satoshi’s Bitcoin Whitepaper.
Shiba Inu Price History
Shiba Inu was created in August 2020 by an anonymous ‘Ryoshi’ and started as a joke. Data from Coinmarketcap show the coin first listed at $0.000000000145.Shiba Inu has since had two notable pumps both characterized by high trading volumes. The first happened on 4 May 2021. Shiba Inu surged by over 1000%. Even at this price, Shiba Inu would have made the early bulk buyers crypto millionaires. The second pump started on 3 October 2021. The pump was fuelled by major endorsements from big celebrities like Elon Musk. Shiba Inu would then reach its all-time high of $0.00008845 on 28 October 2021. The pump would have Shiba Inu dubbed the ‘Dogecoin Killer’ after it almost toppled Doge as the top meme coin by market capitalization. Shiba Inu today boasts a return on investment of 653,481%.
Shiba Inu Technical Analysis
After a long period of consolidation since February, Shiba Inu had a bad turn of events in May. This came after the crash of Luna which brought the crypto market down with it. The William alligator trend lines show the downward price momentum slowing down. Shiba has been trading close to the oversold territory since the beginning of May. MACD histogram shows decreasing price momentum to the upside.
Shiba Inu Price Predictions by Authority Sites
Wallet investor ranks Shiba Inu’s historical data performance ‘B+’. They suggest the Shiba Inu coin is an ‘awesome’ long term investment. Shiba Inu prices will range from an average of $0.0000099 to $0.0000116 in the coming two weeks. Traders should expect Shiba Inu to reach $0.00003096 in one year after going up 189.9%. Shiba Inu’s price will continue rising for the entire period until 2027. Shiba Inu’s return on investment (ROI) in 2024 will be 368.4%, 2025 will be 550.5%, 2026 will be 734.1% and in 2027 it will be 913.3%.
Trading beasts analyzed Shiba Inu’s past performance using linear and polynomial regressions Doge the Shiba Inu price forecast. Shiba will be bearish in the second half of 2022. It will trade at $0.0000154 in July and fall to $0.0000147 in December. The value of the Shiba Inu tokens will continue dropping from 2023 until June. Shib’s price will then rise from $0.0000126 in June to $0.0000174 in December. Shib’s token price will be bullish in 2024. It will trade at $0.0000181 in January and $0.0000233 in December. The rising trend will continue into 2023. It will trade at $0.0000237 in January and $0.0000272 in December.
Shiba Inu tokens have been on a downward trend since April and are yet to start recovering. Shiba Inu will trade at an average price of $0.0000138 in July. The price will then range between $0.0000139 and $0.0000158 for the rest of the year. Shib tokens will be bearish for the period between 2023 and 2031. Shiba Inu will trade at an average price of $0.0000196 in 2025. It will reach a minimum price of $0.0000181 and a maximum price of $0.0000214. Shiba Inu will trade at an average price of $0.0000485 in 2030. It will reach a minimum price of $0.0000415 and a maximum price of $0.0000450.
Shiba Inu Price Prediction 2022
Shiba Inu’s price prediction for 2022 is $0.00001359. The Shiba Inu burn rate has gone up 113% in the last few days. A total of 410.36 Shiba tokens have been burnt to date. Bitstamp announced they will list Shiba Inu in the same period. The Shiba Inu community is on track to launch the Shibarium test net this week. These factors are likely to affect the value of Shiba tokens short term. The value of Shiba coins will rise slightly in the second half of 2022.
Shiba Inu Price Prediction 2023
Shiba Inu’s price prediction for 2023 is $0.00002014. The Shibaverse should launch in 2023. The Shiba metaverse is expected to bring more value to the Shiba community. This will be enabled by incorporating non-fungible tokens (NFTs) and play to earn games It will act as an educational platform for its users. Shiba Inu’s average trading price will hover between $0.00002271 and $0.00001959 for the year.
Shiba Inu Price Prediction 2024
Shiba Inu’s price prediction for 2024 is $0.00003041. Shiba Inu has stood above other meme coins. Today it stands at number 16 by market capitalization. This has mainly been possible due to its loyal following and humble beginnings. The Shib coin has support from big celebrities like Elon Musk. Their support directly impacts the value of the Shiba Inu cryptocurrency. Its average trading price will range from $0.00002941 to $0.00003360.
Shiba Inu Price Prediction 2025
Shiba Inu’s price prediction for 2025 is $0.00004335. Shiba Inu almost passed Doge last year to achieve the title of Meme King. Today, Shiba Inu is six positions below Doge by market cap. At this pace it may however be impossible for Shiba Inu to become the self prophesied Dogecoin killer. Shiba Inu would require a big innovation from the Shiba Inu team to beat Dogecoin. Shiba Inu expected maximum price for the year is $0.00005048 and the minimum price is $0.00004183.
Shiba Inu Price Prediction 2026
Shiba Inu’s price prediction for 2026 is $0.00006359. Shiba Inu’s large community should help it maintain its market position past 2026. Through the community DAO, Shiba Inu is expected to evolve and adapt to its users’ needs. Shib’s price will reach a maximum value of $0.0000748 and a minimum value of $0.00006186.
Shiba Inu Price Prediction 2027
Shiba Inu’s price prediction for 2027 is $0.00009605. The blockchain space is always evolving. Future changes and updates will increase the efficacy of Shiba Inu. This will include fast transactions with near-zero fees. This will be essential in maintaining Shiba Inu’s high market cap. Shiba token price will reach a maximum level of $0.00010739 and a minimum level of $0.00009350.
Shiba Inu Price Prediction 2028
Shiba Inu’s price prediction for 2028 is $0.0001423. Increasing the Shiba token utility will keep increasing its value. With a fully-fledged metaverse, games and NFTs Shiba will be more than just a meme coin. Users who stake Shiba Inu will earn higher rewards. Shiba Inu’s token price will range from $0.00013749 to $0.00016276.
Shiba Inu Price Prediction 2029
Shiba Inu’s price prediction for 2029 is $0.00021284. Shiba Inu price movement will continue to be affected by market fluctuations. Shiba Inu’s price action will be highly affected by market sentiment since part of its users are speculators. Negative news could bring its value crashing from its current price. Shib’s price will range from $0.00020573 to $0.0002444.
Shiba Inu Price Prediction 2030
Shiba Inu cryptocurrency price prediction for 2030 is $0.00030921. Web 3.0 is expected to have grown mainstream by 2030. Given that Shib maintains its momentum, it will be one of the top crypto assets in the cryptocurrency market. Shib token price in the crypto market will sell between $0.00029857 and $0.00035649.
Shiba Inu Price Predictions by Industry Influencers
Money Maker – Avi Lev, suggests the crypto market has been consolidating in the last two weeks. He bases Shiba’s future growth on the launch of Eth 2.0 and the launch of Shibarium.
Big developments are coming for the Shiba Inu network. The community is lively and shares the news. These will affect the value of Shiba Inu. The crypto market has been on a downward trend this year and Shiba Inu has not been spared.
SHIB’s low price, limited utility, and rocketing prices- that go either direction, stand to be the biggest challenge facing SHIB. Technically speaking, Shiba Inu could reach a penny if enough capital is invested in dog-themed cryptocurrencies. But since Shiba Inu would need trillions in capital to reach $0.01, institutions and governments would need to purchase SHIB, which seems highly unlikely.
Long term, the value of SHIB will grow as the utility of the coin grows; this is; speculators are likely to drop out of the project in favor of other promising undervalued cryptocurrencies.
The creators of this cryptocurrency are focused on making the burn rate grow with the utilization rate of the platform. Crypto investors can get access to around 550 trillion coins in the cryptocurrency market.
Shiba Inu will start recovering in 2023 and reach $0.00004335 in 2025. However, it remains highly unlikely for Shiba Inu to reach $1.
Going forward the value of Shiba Inu will stabilize and rise over time. This is not investment advice.