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.
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.
The live Shiba Inu price today is $0.000025 with a 24-hour trading volume of $1,808,173,277. Shiba Inu has been down 5.06% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of $13,969,770,503 USD. 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.
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.
Below is an overview of the performance of the Shiba Inu token in recent months. These historical price analyses help us determine the Shiba Inu price prediction for 2022 and beyond with relatively high precision.
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 memecoins.
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.
SHIB Technical Analysis
Shib trading volume is up 82.65% to $1,807,510,992. Its current price at the time of writing is $0.00002596.
The MACD chart below shows the signal and MACD trend lines crisscrossing the zero line and now breaking below the zero line. The is low, however, increasing momentum to the downside.
William’s alligator has been asleep, not typical for the ever-active Shib coin. The 14 day RSI is heading towards the oversold region, though it is still early to tell for sure and you should wait to see the next price action.
Data analysis does not give exact price positions you should therefore consult before trading Shib.
Shiba Inu Price Predictions 2022 – 2030
Walletinvestor
Walletinvestor suggests hope for Shiba Inu shib as the Covid pandemic decreases. Shib token Q3 will sell at $0.00005986 and Q4 at $0.0000623. Come 2023 Shiba Inu will encounter small losses of $0.000063 but will sell at a high of $0.000071. Bulls will dominate the market in 2024 pumping Shiba Inu Shib to $0.000079. 2025 Shiba will break records setting a benchmark of $0.0001 with $0.00015 on the higher side. In 2026 Shib price will hover at $0.000086.
Swapspace
Shib will grow by a modest 9% this year. Price velocity will rally by 20% in 2023 and 50% ROI in 2024. The growth momentum will catch up with 2025 with 146% ROI and years later Shiba Inu dogs will break records with woof returns at 833% ROI in 2030.
Uptobrain
According to Uptobrain, you should be able to buy Shiba inu for $0.0000552 this year. In 2023 Shiba inu shib will exceed expectations and possibly reach $0.0000656. Those who buy now will be able to reap returns in 2024 as they will be able to sell Shiba Inu at $0.00895. Uptobrain price forecast for 2025 is the benchmark of $1, they however suggest you should buy only what you can afford to lose.
Cryptopolitan
Note: All amounts are in USD.
Shiba Inu Price Prediction 2022
While Shib has received a thorough beating since reaching its ATH in October 2022 we are optimistic it will rise slowly and average $0.00003037 this year.
Shiba Inu Price Prediction 2023
Shib metaverse will likely launch in 2023, and the announcement will likely dictate the value of Shiba Inu Shib. Shib’s price will rise to $0.00004369, reaching a maximum cost of $0.00005103 and a minimum fee of $0.00004248.
Shiba Inu Price Prediction 2024
Shib will continue rising and reach $0.00006664 in 2024. Mentions by Vitalik Buterin and Elon will continue to impact the value of Shib; we anticipate it will range between $0.00007466 and $0.00006446.
Shiba Inu Price Prediction 2025
When the value of Shib hit $0.00008845 in 2020, it was dubbed the Dogecoin killer; in 2025, it will reach and pass the price and will average $0.00009777, making Ryoshi its founder proud.
Shiba Inu Price Prediction 2026
Shib price will continue its upward projection to reach a maximum price value of $0.00016169. It will average $0.00013796 and get a minimum price value of $0.00013307.
Shiba Inu Price Prediction 2027
By 2027 the Shib ecosystem will have established itself with utility and not just a dog-themed cryptocurrency. Its doggy DAO and metaverse will offer incentives to its users with higher returns to provide liquidity. This will grow the Shib price to $0.00020439. During the year, it will reach a high price of $0.00023478 and a low price of $0.00019749.
Shiba Inu Price Prediction 2028
Innovations in the metaverse and decentralized exchange platforms will rewire Shib just like ETH 2.0, resulting in smoother running and minimal fees. We project Shib will grow by 50% in 2028 to reach $0.000296.
Shiba Inu Price Prediction 2029
In 2Shiba Inu might become the prophesied dogecoin killer with more utilities under its belt in9 with more utilities under its belt, Shib has a higher market capitalization and higher trading volume on cryptocurrency exchanges Doge. Shib will sell at $0.00043564.
Shiba Inu Price Prediction 2030
Based on data from previous years, the forecast price for the dog will be $0.00062691. However, traders should remain cautious because the meteoric rise of Shib could bring about a reversal that would result in a price crash.
Shiba Inu Price Predictions by Industry Influencers
While Elon Musk remains quiet about Shib, Bitcoin of America made Shib available on its ATMs located all over America. Americans can now purchase Shib through Paypal, debit, and bank transfers via the platform.
Binance, one of the largest cryptocurrency exchanges, launched a campaign to attract more people into the Shiba army.
Join Binance and claim your share of $100,000 worth of Shib.
Shiba is here to stay, and with a growing Shiba army, its value will grow in the coming years.
Conclusion
Shib has been a roller coaster and has proved to be a good asset for investors with an appetite for high volatility. Mentions of the dog meme by Viterin and Musk on Twitter have sent the dog prices racing. Shib enthusiasts still keep hold of the coin to prove a mere meme coin can grow from nothing to a market cap exceeding some companies listed in the S&P.
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 were to start investing 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; these 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.
There’s a warning though since this is a highly volatile and risky venture with constant fluctuations in a cryptocurrency price, crypto investors must not think that SHIB will never experience a major drop in its price owing to this Shiba Inu burning strategy.
While it is a long way from killing Doge, the possibility remains.
FAQS about Shiba Inu
What are puppy pools and bone tokens?
These are canine terms used by the Shib community. Puppy pools refer to token pools in which incentives from the Shib ecosystem are distributed. Bone tokens refer to the actual returns.
Will ShibaInu become the ultimate Doge killer?
This is possible if Shib can provide more utility for its user.
Can I hold Shib in Metamask?
Yes. Shib is an ERC20 token. You can receive Shib on Metamask.
What is a dead wallet?
This is a wallet to which tokens meant for burning are sent. In 2020 Vitalik Buterin burnt 40% of the Shib total supply.
What is the requirement to bid land on the Shib metaverse?
You will need to lock Shiboshis or Leash to bid for land on the metaverse.
