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Shiba Inu Coin Price Prediction 2024-2033: Is SHIB Skyrocketing Soon?

Shiba Inu Price Prediction 2024-2033

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 Much Is SHIBA Worth?

Today’s Shiba Inu price is $0.00002766, with a 24-hour trading volume of $694,693,599. Shiba Inu is down 3.32% in the last 24 hours. The current CoinMarketCap ranking is 12, with a live market cap of $16,288,219,364. It has a circulating supply of 589,289,410,812,691 SHIB coins, and the max. Supply is not available.

Shiba Inu Price Analysis: SHIB Market Shows a Downtrend as Market Conditions Favor Bearish

  • Shiba Inu price analysis shows a downtrend today
  • SHIB is currently exchanging hands at $0.00002766
  • Support for SHIB is seen at the $0.00002726

Shiba Inu price analysis on 15th April 2024 reveals that the SHIB market is still in bearish territory due to current market conditions favoring a bearish sentiment. The price of SHIB has not been able to maintain its recent gains, and trading volume has decreased, indicating a downtrend.

At the time of writing, the Shiba Inu token (SHIB) is exchanging hands at $0.00002766, showing a decrease of 3.32% in the last 24 hours. The daily trading volume has dropped gradually from yesterday’s close to $ 694 million.

Shiba Inu price analysis 1-day chart: Bears and bulls battle for control

The daily chart for Shiba Inu price analysis reveals a downtrend as the bears have managed to overcome the bulls. The immediate support for SHIB is seen at $0.00002726, and resistance is observed at $0.0.00002938.

SHIB could face additional selling pressure in the coming days. On the other hand, if the bulls manage to break through the $0.00002766 level, SHIB could return to its previous high of $0.00002938 and continue to reach new highs.

SHIB/USD 24-hour chart, By: TradingView

Technical indicators in the Shiba Inu price analysis show that the MACD is currently turning bearish, while the RSI indicator hovers around 50.28. This suggests that SHIB could remain range-bound in the near term as both buyers and sellers battle for market control. The Bollinger band has narrowed, with the price trading alongside the middle line, indicating a squeeze in volatility.

Shiba Inu Price Analysis 4-hour Chart: Bears Dominate in The Hourly Chart

Analyzing the hourly SHIB on Shiba Inu price analysis shows that bears dominate the market. SHIB is trading above the $0.00002700 key level, and a break below this could spark a wave of selling. The sellers have pushed the price below the 50-day EMA, suggesting the downtrend could continue.

SHIB/USD 4-hour chart, By: TradingView

The MACD indicator has shifted to bearish territory with increasing negative momentum, while the RSI indicator is holding steady around 45.73. This indicates the current tug-of-war between buyers and sellers, suggesting a consolidation phase is incoming. The Bollinger Bands are also narrowing, suggesting a squeeze in volatility and that the price could be range-bound in the near term.

What To Expect From Shiba Inu Price Analysis

Shiba Inu price analysis reveals that SHIB is currently trading within bearish territory with decreasing market momentum. The technical indicators suggest a consolidation stage between bulls and bears before any major price movements occur. However, if the bearish trend persists, SHIB could face additional selling pressure in the coming sessions.

Shiba Inu Recent News

Shiba Inu’s Layer 2 Platform Shibarium Sees Transactions Near 400 Million

Shiba Inu’s secondary protocol, Shibarium, has been making waves in the cryptocurrency arena following its introduction. The platform has witnessed a remarkable uptick in transaction activity, with figures nearing the 400 million mark. This increase is closely tied to a series of awaited enhancements within the Shiba Inu ecosystem, including the debut of SHEboshi, enhanced Shiboshi utilities, and KNINE features.

The latest metrics from Shibarium reveal a substantial rise in transactions, with the total count edging close to 400 million. This growth parallels data from DeFiLlama, indicating that the total value locked (TVL) on the network is on the brink of reaching $1 million. These strides reflect the Shiba Inu community’s dedication to broadening the token ecosystem and improving user experiences through innovative functionalities.

The enthusiasm around Shibarium further soared following CoinW’s announcement to list SHEboshi, marking its premiere on a crypto exchange. Presently, Shibarium boasts a TVL of $970,463, alongside a massive transaction total of 374.03 million and a daily transaction volume of $2.78 million. The community is eagerly anticipating additional listings of Sheboshi on various exchanges, aiming to boost investor accessibility and liquidity.

SHEboshi’s introduction marks a pivotal achievement for the Shiba Inu community. This unique DN404 token merges the characteristics of ERC-20 and ERC-721 standards on the Ethereum blockchain, offering a novel asset in the crypto landscape.

Despite initial hiccups leading to the temporary suspension of SHEboshi’s deposit and withdrawal services post-launch on CoinW, trading activities for SHEB have kicked off. This step is crucial for enhancing the token’s liquidity and accessibility.

The swift move to list SHEboshi across exchanges underlines the growing intrigue and demand for Shiba Inu’s inventive contributions within the cryptocurrency sector, solidifying its standing in the market. This narrative underscores the community’s efforts and the technological advancements propelling Shiba Inu to new heights in the crypto ecosystem.

Shiba Inu Guides Users in Bridging BONE Tokens to Shibarium

Recently, the official Shiba Inu X account has provided a comprehensive guide on transferring BONE tokens seamlessly from the Ethereum mainnet to the Shibarium layer-2 network. The step-by-step demonstration, conveyed through an instructional video, highlights the importance of Web3 wallets like MetaMask for users holding BONE tokens.

To initiate the process, users are directed to the secure Shiba Inu bridge portal at https://shibarium.shib.io/bridge. Connecting their wallets to the Shibarium bridge site, users can then input the desired amount of BONE tokens for transfer. The video emphasizes that certain functionalities, such as delegation and staking, are exclusive to the Ethereum Mainnet.

Upon confirming the transfer, users are prompted to authorize the transaction through their wallet, involving a two-step process with an estimated completion time of 20 minutes. The Shiba Inu community, known as the Shib Army, has shown appreciation for the transparent and user-friendly approach demonstrated by the Shiba Inu team.

Shiba Inu Price Predictions 2024 – 2033

YearMinimumAverageMaximum
2024$0.000034$0.000035$0.000041
2025$0.000049$0.000050$0.000060
2026$0.000071$0.000073$0.000086
2027$0.000101$0.000105$0.000123
2028$0.000145$0.000150$0.000171
2029$0.000199$0.000206$0.000252
2030$0.000294$0.000302$0.000348
2031$0.000433$0.000448$0.000516
2032$0.000620$0.000638$0.000744
2033$0.000884$0.000909$0.0011
Shiba Inu price prediction

Shiba Inu Price Prediction 2024

The price of Shiba Inu is predicted to reach at a minimum value of $0.000034 in 2024. The Shiba Inu price could reach a maximum value of $0.000041 with the average trading price of $0.000035 throughout 2024.

Shiba Inu Price Prediction 2025

According to the technical analysis of Shiba Inu prices expected in 2025, the minimum cost of SHIB will be $0.000049. The maximum level that the SHIB price can reach is $0.000041. The average trading price is expected around $0.000050.

Shiba Inu Price Prediction 2026

After the analysis of the prices of Shiba Inu in previous years, it is assumed that in 2026, the minimum price of SHIB will be around $0.000071. The maximum expected SHIB price may be around $0.000086. On average, the trading price might be $0.000073 in 2026.

Shiba Inu Price Prediction 2027

Based on the technical analysis by cryptocurrency experts regarding the prices of Shiba Inu, in 2027, SHIB is expected to have the following minimum and maximum prices: about $0.000101 and $0.000123, respectively. The average expected trading cost is $0.000105.

Shiba Inu Price Prediction 2028

As per the forecast and technical analysis, In 2028 the price of Shiba Inu is expected to reach at a minimum price value of $0.000145. The SHIB price can reach a maximum price value of $0.000171 with the average value of $0.000150.

Shiba Inu Price Prediction 2029

Shiba Inu price is forecast to reach a lowest possible level of $0.000199 in 2029. As per our findings, the SHIB price could reach a maximum possible level of $0.000252 with the average forecast price of $0.000206.

Shiba Inu Price Prediction 2030

According to our deep technical analysis on past price data of SHIB, In 2030 the price of Shiba Inu is forecasted to be at around a minimum value of $0.000294. The Shiba Inu price value can reach a maximum of $0.000348 with the average trading value of $0.000302.

Shiba Inu Price Prediction 2031

The price of Shiba Inu is predicted to reach at a minimum value of $0.000433 in 2031. The Shiba Inu price could reach a maximum value of $0.000516 with the average trading price of $0.000448 throughout 2031.

Shiba Inu Price Prediction 2032

The price of Shiba Inu is predicted to reach at a minimum value of $0.000620 in 2032. The Shiba Inu price could reach a maximum value of $0.000744 with the average trading price of $0.000638 throughout 2032.

Shiba Inu Price Prediction 2033

Shiba Inu price is forecast to reach a lowest possible level of $0.000884 in 2033. As per our findings, the SHIB price could reach a maximum possible level of $0.0011 with the average forecast price of $0.000909.

Shiba Inu Price Prediction by DigitalCoinPrice

DigitalCoinPrice has expressed a bullish outlook on SHIB’s price performance in the future. Their Shiba Inu price prediction for 2024 indicates that the token could have an average trading price of $0.0000544 during that year. The website further forecasts a continued bullish momentum for the next decade, with the token’s price reaching an average of $0.000145 by 2029. Additionally, they predict that SHIB could attain its all-time high of $0.000397 by 2032, and its average price is expected to be around $0.000393.

Price Prediction by Technewsleader

According to Technewsleader, the price of SHIB is expected to rise over the next year, with a predicted value of $0.00002075 based on current market trends and factors such as supply, demand, and news events. The website also forecasts that in the next 5 years, the price of SHIB could potentially reach a high of $0.00006618, contingent upon specific conditions.

Looking further ahead, Technewsleader projects that by 2029, the price range of SHIB could be between $0.00013855 and $0.00016588. By 2032, the website anticipates that the price of SHIB could increase to $0.00052422.

Price Prediction by Wallet Investor 

According to Wallet Investor, Shib is expected to experience a significant decrease in market price in the coming months, potentially falling to as low as 0.000001086 USD by December 2024. As a result, Wallet Investor does not consider Shiba Inu to be a favorable long-term investment opportunity for investors based on this prediction.

Price Prediction by Market Experts

Price Opinion from Wealthy Coin on YouTube

  • Shiba Inu has had a good year so far in 2023 and the start of 2024, and the environment is growing and gaining attention from the general public and investment banks worth a trillion dollars.
  • Whales have been buying a significant amount of Shiba Inu tokens, and one whale recently bought 311 billion tokens in two big payments.
  • The latest additions of a Shiba/USD trading pair on cryptocurrency platforms and changes to the Shiba Inu game and metaverse have contributed to the increased interest in Shiba Inu.
  • Finder’s panel of experts predicts a potential 350% increase in the price of Shiba Inu in about 30 months.
  • BlackRock Inc. and Fidelity Investments have both shown interest in the cryptocurrency market, which could be good for the Shiba Inu market financially.

Shiba Inu Overview

Shiba Inu Price History 2020 – 2024

Screenshot 2860
Shiba Inu Price History; Source: Statista

Memecoin Shiba Inu saw its price grow by over 300 percent within the same month, marking a trading fury reminiscent of Dogecoin in early 2021. Indeed, the SHIB coin ranked as one of the biggest cryptos in the world based on 24h trading volume in October 2021 – with trading activity being almost as high as Ethereum’s. Originally starting out as a fun token based on the famous Japanese dog breed, the digital currency grabbed mainstream attention in 2021 probably because of its low barrier of entry: Even after its price spikes, Shiba Inu was one of the cheapest coins available, especially when compared to the price of 99 other cryptocurrencies. Combine this with survey information that most consumers in the U.S. and the UK invest in crypto either for growth or fun. Shiba Inu is probably seen by many as a relatively simple, “quick win” investment.

More on Shiba Inu

What is Shiba Inu (SHIB)? 

Shiba Inu (SHIB) was developed to answer a simple question: What would happen if a cryptocurrency project was 100 percent run by its community? 

SHIB is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

Who created Shiba Inu?

An anonymous developer named Ryoshi launched SHIB in August 2020. The project began with a total supply of one quadrillion tokens — a truly vast number.

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 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 high.

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. Let’s see if our Shiba Inu Price Prediction can help shine a light thru the crypto winter in 2023.

SHIB Milestones

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 and gained 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.

Introducing the NEW https://shib.io website, new @shib_iothemv branding, and the WAGMI Temple Alpha preview! Now you can purchase #shibthemetaverse lands easy as 1-2-3. Let us know what you think #shibarmy!

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.

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.

But what’s this about Shiba Inu Whale Moves 25 Trillion $SHIB From Crypto Exchange To Cold Storage?

An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250 million from a top crypto exchange to a self-custody wallet, according to on-chain data reported by crypto analytics firm Santiment. The SHIB tokens were moved from an Ethereum address categorized by Etherscan as belonging to US crypto exchange Crypto.com to a new wallet.

The movement of tokens could adversely affect the market price (a trading strategy). So, please watch out before you decide about coin selection. Are SHIB whales cautioning SHIB’s retail traders and investors? Taking up the 3rd spot as one of the most held cryptos is Shiba Inu, with the whales holding about $653,600,200 SHIB at the moment.

A Metaverse project named “SHIB: The Metaverse” was 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.

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.

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.

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.

Shi

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.

Conclusion 

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.

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. In the long term, the value of SHIB will grow as the utility of the coin grows; speculators are likely to drop out of the project in favor of other promising undervalued cryptocurrencies.

The Shiba Inu community is hopeful about the future of their coin. Many signs suggest that this token’s popularity will only grow as it gains adoption over the next two decades. According to the current price fluctuations and past performance, it looks likely that Shiba Inu will reach new highs in the coming years as crypto adoption continues to increase worldwide.

However, it is important to note that nothing is guaranteed regarding cryptocurrency predictions, and short-term market fluctuations can cause massive shifts in price projections for any coin. Ultimately, the best way to determine if SHIB will be worth investing in is by keeping up with the latest news and trends within the crypto sphere.

The price predictions are not investment recommendations and should not be taken as such. The future value of Shiba Inu depends on many factors, including global acceptance, market cap, token demand and supply, technical infrastructure, development, and the number of other coins in circulation.

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.

According to the long-term price projection, the SHIB digital assets are anticipated to be profitable with a bullish trend despite all the price changes of the SHIB tokens and significant risk. Remember that information about the Shiba Inu coin is only for informational purposes. Knowing an approximate SHIB price is helpful, but as with any coin, you need to analyze the price action. Before making any investment decisions, always do your research beyond.

FAQs

Where can I buy Shiba Inu?

You can buy Shiba Inu on  Uniswap decentralized exchange and Binance cryptocurrency exchanges.

What are Shiba Inu dogs?

Shiba Inus are a type of short dog with prick ears, short paws white markings on their face and chest (white ventral collar) and a brown outer coat with a spirited boldness and good nature. Shibas were originally bred in Japan to hunt small game and dog sports. Their grooming requires regular bathing and daily brushing unlike most breeds (Other dogs). It is a number 1 companion dog after undergoing obedience training. Hip dysplasia is one of the common health conditions for Shibas. Organizations involved with Shibas include the American kennel club, the national breed club, and the Shiba Inu rescue association.

Is SHIB a good investment?

Shiba Inu is a good investment due to the support of its big, thriving community

Where can I buy Shiba Inu coins?

You can buy Shiba Inu at Binance, Okex and Bitfinex.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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John Palmer

John Palmer is an enthusiastic crypto writer with an interest in Bitcoin, Blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience.

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