Shiba Inu Price Prediction: Shiba Inu is a digital currency that started in 2020 and became very popular in 2021. At its peak in 2021, it was worth $32.84 billion. However, it has lost much of that value and is now ranked 18th on CoinMarketCap with a value of $4 billion, which is only 12% of its highest value.
The Shiba Inu team has shown they can handle challenges and have made many changes that improved Shiba Inu from a basic joke currency to a successful DeFi network. This prediction estimates the price of SHIB from 2024 to 2030, considering its usefulness, economic model, supporters, the overall cryptocurrency market, and more.
Shiba Inu Price History
Shiba Inu started in August 2020 and its first price was very tiny, at $0.000000001009, as noted by CoinMarketCap. Its price jumped for the first time in May 2021, hitting a peak of $0.00003469. This big jump happened because its value went up by 457% on May 10.
After reaching its highest price ever, the price soon adjusted and stabilized in the range of $0.0000065 to $0.000008 for several months. But in October 2021, the price of Shiba Inu shot up, increasing more than 1100% in less than a month, to hit its highest price of $0.00008845.
After hitting its highest price, the price of SHIB fell fast, then stabilized around $0.00000802 and $0.00001. But, the recent news about the SEC taking legal action against Binance and Coinbase made the price drop below these levels.
The price quickly dropped to its lowest usual level of $0.00000620, a point it has hit since 2021, and then it went back up, as shown on the Shiba Inu price chart below.
There are 589,346,914,631,298 SHIB coins in circulation, and their total value is $4,098,907,791.
Shiba Inu Price Prediction 2024
The Shiba Inu creators have turned it from a joke coin into a booming network. They successfully restarted the Shibarium layer-2 network on August 28th.
Besides SHIB, there are other coins like BONE and LEASH in the Shiba Inu network. These coins add more value by being used for decision-making, digital art, and virtual land, which helps keep SHIB going for a long time.
The Shiba Inu ecosystem has many dApps available, such as ShibaSwap, a decentralized exchange; Shiboshis, a collection of NFTs; Shib the Metaverse; the Shiba Eternity play-to-earn game; and Shibarium, a second-layer solution for Ethereum.
If you check out our guess on Dogecoin’s future price, you’ll see that Dogecoin’s plans and how fast it’s improving are not as good as Shiba Inu’s. This is a big reason why many people call Shiba Inu the “Dogecoin killer.”
We’re mainly worried about how the general market affects Shiba Inu’s price in 2024. Although the Bitcoin Halving is expected in April 2024 and the world’s economy seems to be getting better, things can still go wrong. If the global economy gets worse, it will also negatively impact cryptocurrencies like SHIB.
Considering everything, we predict that the price of Shiba Inu will be mostly positive. We expect it to reach a high of $0.000022826, possibly drop to a low of $0.000015686, and average around $0.00001925.
Shiba Inu Price Prediction 2025
Right now, the Shiba Inu community is most excited about Shibarium, which helps make transactions cheaper by using a special system that works with Ethereum but costs less.
Meme coins like Shiba Inu have a big plus: they have a lot of enthusiastic supporters. If Shiba Inu can use its fan base well on its Shibarium network, it could soon be one of the top projects built on top of Ethereum.
Currently, SHIB is worth $4 billion, which is only 12% of its highest value ever, $32.84 billion. This means SHIB has a lot of potential to grow, especially if more people start using the Shibarium network in the coming years. Also, if the price of Bitcoin goes up a lot in 2025 like it’s expected to, SHIB could also reach its highest value in the same year.
Considering this, we predict that the highest price of Shiba Inu could reach about $0.000068832, it might drop to as low as $0.000040301, and on average, it could be around $0.00005456 by the end of 2025.
Shiba Inu Price Prediction 2030
By 2030, Ethereum plans to add a feature called “dank sharding” to work better with layer-2 networks. This change will make Ethereum easier to use, faster, and cheaper for transactions.
If Shibarium becomes a leading layer-2 project and the Shiba Inu team keeps making good projects quickly, SHIB might reach new all-time highs by 2030.
One big problem with Shiba Inu is that its value mainly comes from excitement, its fan base, and guessing, not real uses. By 2030, Shiba Inu needs to offer real benefits to its owners. If not, the idea of a meme coin could fade away, and the things that keep its price up might lose their power.
When Shibarium first started, a lot of people were interested, and it got so busy that it caused problems. But after it was fixed and started again, people have been more careful. So far, over 27,000 accounts have been made, but only about 500 to 700 are being used right now, which isn’t very many. We’re still waiting to see if more people will start using it.
Before Shibarium was introduced, Shiba Inu’s key feature was its ShibaSwap exchange. But now, it ranks 94th on DeFiLama’s list of Ethereum DeFi projects. Yet, if we rank by daily trading volume, it’s at 15th place. This shows that even though ShibaSwap doesn’t hold a lot of value, it’s still a popular DeFi platform.
People say Shiba Inu’s products are useful, but their sales don’t match their big price of $4 billion yet. For SHIB to be a top crypto in the long run, it needs to become more useful and that usefulness should be why people choose it.
If it becomes more popular, we predict the Shiba Inu coin could reach a highest price of $0.0001, a lowest price of $0.000033, and an average price of $0.0000665 by the end of 2030.
Potential Lows and Highs of Shiba Inu Price
Shiba Inu is already one of the leading meme coins, and now it’s trying to become one of the top alternative coins. We’ve outlined the possible low and high values in our Shiba Inu prediction below.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.000015768 | $0.00001935 | $0.000022936 |
| 2025 | $0.000040412 | $0.00005556 | $0.000068968 |
| 2030 | $0.000043 | $0.0000786 | $0.0002 |
What Do Other Analysts Predict For Shiba Inu
It’s not clear yet if Shiba Inu will be one of the top coins in the next market upswing. But, we’ve gathered price predictions for Shiba Inu from various experts below to give you an idea of what people are thinking.
What is Shiba Inu and What is it Used For?
After it was made, Shiba Inu grew into a system that includes DeFi, gaming, and virtual worlds. The newest part of this system, called Shibarium, is a tool built on Ethereum to make using blockchains better by making transactions cheaper and faster.
The project’s coin, SHIB, is a special kind of digital money used in this system, giving people special benefits. It is used for trading on the Shibaswap online exchange. Shibarium Layer-2, a new part of the network, started in August 2023 and is becoming more popular as developers create and start new apps and contracts on it.
Shiba Inu Overview
| Cryptocurrency | Shiba Inu |
| Ticker Symbol | SHIB |
| Rank | 18 |
| Price | $0.000006655 |
| Price Change 24H | 3.14% |
| Market Cap | $4,085,713,254 |
| Circulating Supply | 589,346,914,631,298 SHIB |
| Trading Volume 24H | $67M |
| All Time High | $0.00008954 |
| All Time Low | $0.00000000008267 |
What Influences the Price of Shiba Inu?
SHIB is a type of digital currency that is mostly valuable because people think it’s fun, like a joke. It has a huge group of over 1.3 million people who own it. However, its own online trading platform only handles about $20.1 million in transactions.
The Shibarium layer-2 is out, but Shib the Metaverse isn’t available yet. This means not many people need the SHIB token for practical reasons right now.
The main thing that affects the price of Shiba Inu is guessing. People buy SHIB when they think its price will go up and sell it when they think it won’t go any higher. Excitement and the community around it are also important because when there’s a lot of buzz, people worry they’ll miss out, so they quickly buy the coin, which makes its price go up even more.
The price of SHIB can also be affected by staking. Staking means when people lock up their Shiba Inu tokens, called “burying”, they help add funds to the Shiba Inu pools. Since all Shiba Inu tokens were made at the start, people don’t get more SHIB for staking. Instead, they get BONE tokens, which are important for controlling the Shibarium network and are its main token.
This process makes less SHIB available for sale by locking it up, and people get BONE as a reward for doing this. This helps prevent too many people from selling SHIB at once. So, by staking, there’s less SHIB available, which helps increase its price.
Is Shiba Inu a Buy
Shiba Inu is working hard to be the best meme coin platform that has everything. It’s leading the pack of meme coins, but not many people want what it offers yet. Most people buy SHIB because it started as a joke coin.
This might change later, especially with Shibarium coming, but it’s important to know that Shiba Inu is still very risky and uncertain.
Where To Buy Shiba Inu?
If you want to buy Shiba Inu, start by choosing a good platform. Coinbase is a top choice because it’s easy to use, follows strict rules, and is very secure.
Coinbase started in 2012 and is a major global cryptocurrency exchange with over 100 million users. It follows U.S. rules and lets people trade more than 150 different cryptocurrencies.
This wide range of options is especially good for investors because rules often restrict choices on other platforms.
The platform is easy to use for both new and experienced traders. People can pick either basic or more complex trading choices based on how much they know.
Even though the advanced trading option has cheaper fees, basic trading is simpler and easier for beginners.
You can earn free cryptocurrency by learning about it on Coinbase Earn. This program offers short lessons on topics from the basics of crypto to how it affects taxes, helping you make smart choices.
For anyone trading in cryptocurrencies, keeping their investments safe is very important. The trading platform uses an extra step of security, known as two-factor authentication (2FA), for every transaction. It also stores 98% of the users’ money offline, where it can’t be reached over the internet.
Coinbase also offers protection through FDIC insurance for up to $250,000 in cash for each customer.
Coinbase has a well-liked mobile app on both the Apple App Store and Google Play Store, allowing users to easily trade while moving.
The platform lets you earn money by holding certain cryptocurrencies. It also has a debit card from Coinbase that makes it easy to use your crypto for purchases and gives you up to 4% back in crypto rewards.
It’s important to know that basic trades can cost up to 3.99% in fees, especially if you pay with a debit or credit card. For more complex trades, the fees get lower as you trade more.
Conclusion
Shiba Inu has a supportive community, good financial setup, and a team that is working well to improve the project for the larger Ethereum network.
The project Shibarium has just started. SHIB, its market value now $4 billion, has dropped 88% from its highest point. But, if the market improves as expected next year and the coin becomes more useful and popular, SHIB could increase in value.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
