Shiba Inu (SHIB) has existed for quite some time now, and it has repeatedly been known as one of the cryptocurrencies with 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 $0.000013, with a 24-hour trading volume of $799,448,128. Shiba Inu is down 4.43% in the last 24 hours. The current CoinMarketCap ranking is #12, with a live market cap of $7,356,422,356. 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. After our walkthrough of the Shiba Inu price predictions, we will hopefully be more aware of SHIB value,
- How To Stake Shiba Inu On Metamask?How to Buy Shiba Inu: What’s Popular about SHIBBest Shiba Inu Wallets: New 2022 Security Features
- Quick guide on how to buy Shiba Inu on exchanges
- How Dogecoin, Shiba Inu whales “perfectly foreshadowed” the current dump
- Shiba Inu’s project with crypto RYOSHI does not meet fans’ expectations.
- Shiba Inu creators should be in jail – Real Wolf of Wall Street
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.
New Developments in Shiba Inu
Binance card now supports Shiba Inu
Shiba Inu had previously not made a list until earlier this month. The announcement indicated that Shiba Inu investors would now be able to pay using their SHIB tokens as long as they hold a Binance card. The new support will bring Shiba Inu coin payments to more than 60 million merchants worldwide, where the Binance card is accepted for payments.
Using Shiba Inu with the Binance card also carries some exciting perks. Holders can get up to 8% cashback and enjoy the card’s zero annual and FX fees.
The Third Floor Partners with Shiba.io
The Third Floor will use visual development and storytelling skills to help define and develop virtual environments, buildings, and landmarks for an actual Shiba-inspired universe while developing a marketplace to inform final environment production.
TTF’s rapid prototyping, powered by real-time processing and creative iteration in Unreal Engine, will quickly take ideas and “looks” from concepts into 3D prototypes.
The SHIB.io Metaverse is the culmination of Shiba Inu’s history as a community, virtually displayed in a layer of beautiful visuals that showcase innovation and unity with a place for the ShibArmy crypto community to call home truly. We are building immersive experiences allowing users to explore, benefit, and interact in a virtual space like no other.
Shib Update 5.10
This update concerns the latest developments in the Shib Ecosystem, aligned with Ryoshi’s vision of decentralizing all industries using Shib platforms and financial products. The update is about Shibarium, Shi, and Shibaswap.
Shibarium is an L2 Blockchain for Ethereum (utilizing $BONE ). It is the backbone of all the Shib projects in development and will offer a scaling and low-cost solution for many projects. The Shib team is planning a Shibarium Hackathon to help educate the community on Shibarium and reward teams with funds to build on Shibarium.
The decentralized exchange is completed and continually evolving. Shiba Swap is a token exchange feature on the Shiba ecosystem. The platform is anticipated to provide low transaction fees and fast token swaps. It will offer a more accessible entry into a plethora of tokens in the crypto space.
The Shi project is also nearing completion following experimental research on the previous and current stablecoins. The Shib army will have an excellent stablecoin solution. The developer did not provide timelines but hinted at test runs beginning soon.
PROS of investing in Shiba Inu
Shiba Inu has a large and vibrant following on social media, including crypto celebrities like Elon Musk and Vitalik Buterin.
The Shiba Inu ecosystem is rapidly expanding with a dedicated team of developers. Shiba Inu intends to grow into more than just a meme coin and provide real utility to the community.
SHIB has impressive cryptocurrency market listings and is accepted as a means of payment by many merchants.
CONS of investing in Shiba Inu
Shroud of Mystery. The lead developer Shytoshi Kusama uses a pseudonym, and investors only learn of developments through sporadic articles on social media. There’s no centralized hub keeping track of announcements and developments – meaning we’re almost relying on the words of an anonymous source.
Unclear tokenomics. The BONE token expected to be used for governance and gas fees on Shibarium has a limited supply of 250 million tokens. How the tokens will be migrated to Shibarium and used for gas and governance is unclear.
There is stiff competition in the layer-2 blockchain, metaverse, and collectible play-to-earn gaming space. It is unclear how it will compete against these cryptocurrencies with a decentralized base and general anonymity among lead developers.
There’s little information on how the Shi decentralized stablecoin will be backed up. Decentralized stablecoins face a lot of criticism.
Where to buy Shiba Inu
Shiba Inu’s fast growth to fame and rise in crypto has helped it secure listings on cryptocurrency exchanges. Binance, KU coin, Gate.io, Kraken, FTX, Poloniex, MEXC, OKX, Lbank, and Crypto.com. According to Coinmarketcap, these exchanges offer deep Shiba liquidity. Factors to consider include security, liquidity, fees, regulation, and insurance.
You can also buy ShibaInu Coin on Shiba Swap. Simply create a metamask wallet, send ETH to the wallet, connect the wallet to Shibaswap, and then swap ETH for Shib.
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 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. Major endorsements fueled the pump from big celebrities like Elon Musk. Shiba Inu would 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
The William Alligator trend lines indicate a price drop from May to July. The price rose gradually and surged on 15 August, sending the coin to overbought territory.
The MACD histograms indicate little market price action. The Shiba Inu relative strength index shows no sign of a price reversal.
Shiba Inu Predictions 2022 – 2030
Wallet investors use machine learning and AI algorithms to provide a Shiba Inu price forecast. They rank the Shiba Inu historical data index ‘A+’ and suggest it would make a ‘bad’ long-term investment. The Shiba Inu forecast suggests a tremendous drop of 44.73% in one year, reaching about $0.000008015. The drop is debatable; Wallet investor advises Shiba coin investors not to use the forecast provided to base investment decisions and do not guarantee any profit from their analysis. Shib coin will be bullish in the coming two weeks, with its price rising from $0.0000132 to $0.0000146. Shiba Inu’s return on investment in 2026 will be -77.89%.
The site uses linear and polynomial regressions on past data to provide a Shiba Inu prediction. Shiba Inu’s price will rise to $0.0000179 in September. It will then drop for the remaining months. In December, the Shiba token will sell at $0.0000175. In 2023, the Shib token will trade at an average price of $0.0000172 in January and $0.0000197 in December; in 2024, the Shib coin will trade at an average price of $0.0000204 in January and $0.0000266 in December. In 2025, the Shib token will trade at an average price of $0.0000271 in January and $0.0000314 in December.
Digital coin Price
The Shib price has plummeted this year. The bear condition of the crypto market has only worsened the Shiba Inu situation. Shib tokens will trade at $0.0000213 in September. They will trade between $0.0000191 and $0.0000216 for the remainder of the year; Shiba tokens will rise for the entire period between 2023 and 2031. Shiba coin’s price in 2025 will be $0.0000271, its minimum price will be $0.0000251, and its maximum price will be $0.0000297. The Shiba token’s average price in 2030 will be $0.0000671, its minimum price will be $0.0000647, and the maximum price will be $0.0000685.
Shiba Inu Price Prediction 2022
The Shiba Inu price prediction for 2022 is $0.00001441. The bear crypto market has sent Shiba Inu down over 70% this year. Shytoshi Kusama hinted at the ecosystem building a Shi stablecoin by the end of the year following experimental research on the previous and current stablecoins.
The news will likely push Shib tokens higher, whose prices are forecast to range from $0.00001393 to $0.0000153.
Shiba Inu Price Prediction 2023
The Shiba Inu price prediction for 2023 is $0.00002135. The Shiba Inu metaverse will be up and running in 2023, with the demo currently active on their platform. The Shiba Inu project will increase Shiba Inu’s utility through the world’s NFT marketplace and play-to-earn games.
The Shiba Inu Shiba price will range between a low of $0.00002063 and a high of $0.00002444.
Shiba Inu Price Prediction 2024
The Shiba Inu price prediction for 2024 is $0.00003103. Shiba Inu has a diverse and growing community. The Shiba community has the most significant number of whale holders and followers on social media; the rising numbers translate to higher demand for the coin.
Shiba Inu’s average trading price will hover between $0.00003017 and $0.00003656 for the year.
Shiba Inu Coin Price Prediction 2025
The Shiba Inu Shib price prediction for 2025 is $0.00004379. Shiba price almost passed Dogecoin by market capitalization and was later dubbed the prophesied Doge killer. The prophecy will come to pass, provided that the Shiba Inu coin continues to develop into more than just a meme coin and provide more utility to the community. Shiba Inu’s price will range $0.00004255 from to $0.0000517.
Shiba Inu Coin Price Prediction 2026
The Shiba Inu Shib price prediction for 2026 is $0.00006179. The Shib token has a continuous burn mechanism built into its economics. From inception, the ecosystem has burned a large share of its 1 Quadrillion supply raising its market cap, and others donated to the India Covid relief fund.
Shiba Inu’s expected maximum price for the year is $0.0000596, and the minimum price is $0.00007261.
Shiba Inu Price Prediction 2027
The Shiba Inu Shib price prediction for 2027 is $0.00008978. A decentralized autonomous organization guides the Shiba Inu team. The DAO enables creators and users to suggest and pass proposals. Shiba Inu’s price will reach a maximum value of $0.00010481 and a minimum of $0.00008731.
Shiba Inu token Price Prediction 2028
The Shiba Inu Shib price prediction for 2028 is $0.00013045. The Shiba Inu coin community is fast-growing, with many tokens being incorporated. The Bone and Leash tokens available on the Shiba swap increase utility, not to mention the Shi stablecoin and Treat tokens to incentivize future developments.
Shiba token price will reach a maximum level of $0.0001547 and a minimum of $0.00012685.
Shiba Inu token Price Prediction 2029
The Shiba Inu Shib price prediction for 2029 is $0.00019513. The Shiba swap is Shiba’s decentralized exchange (DEX). It provides passive income through digging to bury tokens to earn a woof returns incentive model—Shiba Inu’s token price ranges from $0.00018861 to $0.0002203.
Shiba Inu token Price Prediction 2030
The Shiba Inu Coin price prediction for 2030 is $0.00028904. Shiba Inu coin is highly volatile, and due to its meme status, it is difficult to forecast its future validation. However, at the current rate of development, Shiba Inu will continue to grow over the years.
Shib’s price will range from $0.00027928 to $0.00033042.
Shiba Inu Cryptocurrency Price Prediction 2031
The Shiba Inu Coin price prediction for 2031 is $0.00041583. The transition to WEB3 will be a big win for decentralized organizations and cryptocurrencies. Favorable regulation laws will also lead to mass adoption of cryptocurrencies, including Shiba; Shib’s token price in the crypto market will sell between $0.00040138 and $0.00048235.
Shiba Inu Price Predictions by Industry Influencers
Austin Hilton is a crypto influencer on YouTube. On his Shiba Inu update, he anticipates little Shiba Inu price action. He also highlights the financial announcement by James Powell, which is likely to impact the crypto market. Shiba Inu coin price will range between $0.000012 and $0.000015 for the coming weeks
Crypto coin makes a Shiba Inu fundamental analysis highlighting the coming Shibarium Layer 2 and coin burn.
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 downward 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. Shiba Inu would need trillions in capital to reach $0.01, and institutions 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 access around 550 trillion coins in the cryptocurrency market.
Despite its high volatility, the Shiba Inu ecosystem is snowballing with high adoption from the crypto community. While it has been declared a meme coin, there are a lot of developments in the pipeline for Shiba Inu. These include the new Shi stablecoin scheduled for release before the end of the year. Such upgrades will maintain Shiba’s viability into the future.
Shiba Inu has had a wild run since its inception following its meme and humble beginnings. Shiba Inu and Doge currently dominate the meme coin market. In an attempt to take the mantle, the Shiba Inu ecosystem is rapidly developing to create utility for its huge following. The developments are expected to raise Shiba Inu’s valuation in the future.
Shiba Inu will start recovering in 2023 and range from $0.00004255 to $0.0000517. 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.