Shiba Inu (SHIB) is one of the most notable meme coins in the crypto market. Shiba Shiba Inu, often called the ‘Dogecoin killer,’ received another recognition for its rapid price growth and an active community.
While 2024 has been a rollercoaster year for the Shiba Inu coin, the crypto market is constantly reminded of SHIB’s explosive 2021 rally. Knowing this, and the constant growth of the Shiba Inu team, the majority of the predictions for SHIB are positive.
This article presents Shiba Inu price forecasts for 2024, 2025, and 2030 given by various experts by analyzing tendencies in the market. Also, you will find factors that may affect Shiba Inu’s price.
Shiba Inu Overview
Shiba Inu (SHIB) is a meme coin that was developed in 2020 with the intention of riding on the success of an earlier and well-known cryptocurrency known as Dogecoin (DOGE). Using the ERC-20 token standard, the token was built on the Ethereum network.
A contribution of a hashtag made by Elon Musk, the CEO of Tesla, and comments from Buterin, the founder of Ethereum and other crypto influencers helped make Shiba Inu popular.
But as soon as the token gained popularity, its developers decided to look into ways to advance the project. The token’s primary purpose at first was to be a means of payment.
From being like every other memecoin, Shiba Inu has transitioned into being one of the most active networks. Shiba Inu now has its own layer two network, Shibarium, a decentralized exchange, several dApps, a metaverse, games, among others.
In this manner, SHIB was able to distinguish itself from the rest of the meme coins that are usually thought of as jokes rather than real assets.
Why Shiba Inu is Called the Dogecoin Killer
The main purpose of creating Shiba Inu was built on the question, “What would happen if the cryptocurrency project was entirely run by token holders?”
It later became known as the Dogecoin killer because the Shiba Inu coin posed direct competition to the memecoin king. Also, many investors have said it is a better investment because of its utility.
Shiba Inu is an Ethereum-based token and it has staking functionality, which is a way of earning passive income that is not available in DOGE.
Shiba Inu Price History and Market Position
Shiba Inu was launched in August 2020 with an initial price of $0.000000001009. The first big move for the memecoin was in January 2021 when Shiba Inu’s price deleted two zeros to reach an average trading price of $0.000000110.
This was especially seen in January 2021 where the trading volume of Shiba Inu increased from $100 to over $5 million. This was the start of the Shiba Inu coin and the parabolic Shiba Inu price movements we know.
By May 2021, Shiba Inu’s price had set a new high at $0.00003500. Nonetheless, the most important achievement was the daily trading volume of more than $9 billion on May 11. Shiba Inu emerged as a force in the cryptocurrency market in 2021, and it raised its price to the peak of $0.00008845 in October.
The Shiba Inu trading volume also increased at a very high rate in October 2021 as well. Although its trading peak back was recorded in early May 2021, October 2021 can be considered the turning point for the Shiba coin as it became one of the most valuable coins.
The current Shiba Inu sentiment is negative, given that the coin has lost about 40% of its value in the last 90 days. Nevertheless, it still occupies one of the first twenty places in terms of the market capitalization of the cryptocurrency. The Shiba Inu market cap stands above $8.2 billion. The current Shiba Inu price is $0.00001400.
What Does the Future Hold for Shiba Inu?
Shiba Inu’s price appears bearish today, but history shows that it can be the other way around. With the growing development and broader market adoption, many analysts are bullish about the future of Shiba Inu. Read on to find out how they expect the SHIB coin to perform in 2024, 2025, and 2025.
Shiba Inu Price Prediction for 2024
While 2024 has been tagged as a bull year for cryptos, it hasn’t been without its fair share of price dips. However, many analysts still hold on to an optimistic Shib price prediction chart. Below are some of the top predictions for the Shiba Inu price in 2024.
Coinpedia Shiba Inu Price Prediction
Coinpedia has a very optimistic Shiba Inu price forecast for 2024. They expect SHIB Shiba Inu to rise as high as $0.00006697 if the bull market extends to the end of the year. Their minimum SHIB price for this year is $0.0000100.
Coincodex Shiba Inu Price Prediction
Based on the forecast of Coincodex, the SHIB price will trade at a minimum price of $0.00001175 and a maximum price of $0.00003093 in 2024. This SHIB price prediction is based on a technical analysis of several SHIB indicators.
Changelly Shiba Inu Price Prediction
Changelly sees a rapid Shiba Inu rise in the last quarter of 2024. The highest expected price for SHIB in 2024 is $0.0000389961. The expected average trading price is $0.0000359964. Changelly’s Shiba Inu’s price prediction suggests the market cap of the meme coin can cross $20 billion in 2024.
Average Price of Shiba Inu By 2024
According to the various Shiba Inu price prediction by the experts, the price of Shiba Inu in 2024 will be $0.00002500 – an increase of more than 75 percent as compared to the present price.
Shiba Inu Price Prediction for 2025
The cryptocurrency market has been on a steady rise and it is projected to stay that way for the years to come particularly up to 2025. Shiba Inu has been one of the leaders of the memecoin market. Despite being in a highly volatile market, the utility of Shiba Inu has made experts bullish about its future.
Coincodex Shiba Inu Price Prediction
According to the prediction of Coincodex the SHIB market will experience massive growth by 2025. Based on Coincodex’s Shiba Inu price prediction, a minimum price of $0.00001175 and a maximum of $0.00006265 in 2025.
Coinpedia Shiba Inu Price Prediction
The price prediction of Coinpedia is not as bullish, with a potential upper price target of $0.00003965. A potential low average Shiba Inu price of $0.000035215 has also been predicted.
Changelly Shiba Inu Price Prediction
The Changelly Shiba Inu price prediction for 2025 suggests a significant price increase from 2024. In 205, Chagelly expects the maximum price of Shiba Inu to trade as high as $0.000059994, with an average price of $0.000049995.
Analysts Shiba Inu Price Prediction
Armando Pantoja, a well-known crypto influencer, is also bullish on SHIB price and he said that the price could rise rapidly in 2025. According to him, the price of Shiba Inu may possibly reach $0.001 by 2025.
Average Price of Shiba Inu SHIB By 2025
Assuming the present trend of growth and the future prospects of Shiba Inu, it is estimated that the average price of Shiba Inu in 2025 will be around $0.0000500, a rise of better than 350 percent from the current levels. This translates to a market capitalization for SHIB of $36 billion by 2025.
Shiba Inu Price Prediction for 2030
If the current growth rate is maintained by 2030, Shiba Inu will have become one of the top networks. This growth trajectory of the network means a Shiba Inu price increase could happen.
Coinpedia Shiba Inu Price Prediction
The minimum price Coinpedia has set for Shiba Inu in 2030 is $0.000115. However, based on their Shiba Inu price prediction, it could hit a maximum price of $0.000195 in 2030.
Coincodex Shiba Inu Price Prediction
According to the Coincodex forecast for 2030, the Shiba Inu price could be between $0.00001583 and $0.00005522. Their Shiba Inu price prediction for 2030 is conservative and doesn’t expect much price increase.
Changelly Shiba Inu Price Prediction
The SHIB price prediction of Changelly is on the bullish end. They expect the price of Shiba Inu to increase only to new highs by 2030. Changelly has set a minimum Shiba Inu price of $0.0003129 and a maximum price of $0.0003659. Based on their SHIB price prediction, the average price of SHIB will be around $0.0003239.
Average Price of Shiba Inu By 2030
If the bull Shiba Inu network continues to grow into 2030, then our SHIB price analysis suggests that the average price could be well above $0.000100. This figure could increase significantly if the network grows faster than expected and increases in adoption.
Shiba Inu Price Forecast Based on Technical Analysis
In August 2024, the Shiba Inu outlook is bearish but on the weekly time frame, SHIB established its lowest support level at $0.000007. The 20 and 50-week Exponential Moving Averages (EMA) became support in late October 2023.
Although Shiba Inu has lost that support, the golden cross formed in the middle of February 2024 suggests that its price could soar to new highs in 2024 and beyond.
The Relative Strength Index on the Shiba Inu price chart is at 37.8, suggesting there is still room for growth. If SHIB holds on to its support at $0.0000100 and the lowest support level at $0.000007, the target will be $0.0000200. After this level, SHIB will look towards $0.00003200.
Why Some Analysts Are Bearish About Shiba Inu’s Price
Not every analyst is very optimistic about SHIB. A reason for this is the high total supply of the project, with over 589 trillion SHIB trillion tokens.
However, Shiba Inu has a solution for this: token burning. By reducing the total supply of Shiba Inu coins through token burning, the community hopes to increase the price of SHIB.
Events That Affirm the Bullish Shiba Inu SHIB Price Prediction
Below are some macro trends that confirm the bullish predictions given for Shiba Inu.
Project Development
Shiba Inu (SHIB) has several ongoing projects which are designed to improve the platform and its functionality.
- Shibarium is the layer-2 scaling solution for SHIB that is in development. It seeks to lower the transaction costs and enhance the transaction rates on the Shiba Inu network. Also, dApps will go live on Shibarium, thereby enhancing the application of Shib.
- The Shiba Inu Metaverse is a project tha tis in line with Shiba Inu’s plans to expand into metaverse and gaming industries as well as create new utility for the SHIB token.
- Shiba Eternity is a blockchain gaming platform which is Shiba Inu’s entry into the gaming space.
- Shiba Inu is also to work on new partnerships and integrations to enhance its ecosystem.
These development actions are intended to drive the use of SHIB across different industries and applications such as payments and DeFi platforms¹.
Calls for SHIB ETFs
Because of its growing utility, Shiba Inu has been receiving calls for Shiba Inu. If this happens, the adoption and price of SHIB could increase to new heights.
Accumulation of Shiba Inu Mirroring 2021 Bull Run
Shiba Inu is enjoying its biggest period of accumulation since the 2021 bull run. If the same trend is repeated, then the price of SHIB could go on a massive price surge. In this case, the most bullish Shiba Inu SHIB price prediction could happen.
Bottom Line
Shiba Inu has a key advantage over other memecoins, its ongoing developments and growing decentralization. The strong community support of Shiba Inu is another factor that can positively affect the price of SHIB in the future.
So, while there are mixed predictions, many top experts expect the price of Shiba Inu to increase significantly in the future.
Shiba Inu Price Prediction FAQ
Does Shiba Inu Have a Future?
While investors have have varying predictions for Shiba Inu, the plans to integrate more dApps, a metaverse, and gaming projects means that the project has a bright future.
Is Shiba Inu SHIB Worth Buying?
It is worth noting that from the Shiba Inu price predictions, SHIB is considered as one of the most promising tokens to invest in for the subsequent several years. The growing utility of the project provides the platform for Shiba Inu tokens to grow.
Will the Shiba Inu Price Go Back Up?
The Shiba Inu price prediction of many top experts and Shiba Inu’s price action suggest that the altcoin will go up in the near future.
Is Shiba Inu a Good Investment?
Thus, based on the present tendencies of Shiba Inu price movements, it is possible to expect that the cryptocurrency will be further growing in price. Always, invest your money wisely and always DYOR when it comes to investing in any type of asset.
Will Shiba Inu SHIB Reach $1?
From the Shiba Inu price predictions we have reviewed, the coin won’t hit $1 in this decade if it maintains its current level of growth. Still, even if not priced at $1, you can buy Shiba Inu and find it to be a good investment opportunity.
How Much Will Shiba Inu Be Worth in 2025?
Shiba Inu market and network are developing at a rather rapid pace. Shiba Inu’s price forecast for 2025 is rather positive. Shiba Inu’s price can reach a maximum of $0.0001 by 2025.
How Much Will Shiba Inu Be Worth in 2030?
Shiba Inu has all that is required to rise to new heights in terms of price. There is a plethora of positive Shiba Inu price prediction. As per market analysts, the Shiba Inu price can touch $0.001 by 2030.
Kindly note that none of the information above is in any way a fundamental analysis or investment recommendation.
