The ultimate meme coin is once again on everyone’s watchlist! Shiba Inu cryptocurrency, the certified Dogecoin killer, is expected to explode to as much as $0.0005 within the near future! Quite a leap from its current trading price! Other more bullish estimates think Shiba Inu’s price could possibly hit $0.00097 within five years! Continue reading this Shiba (in Milions) price prediction article to learn more.
The cryptocurrency market has given rise to all sorts of coins; some with actual fundamental purpose, some without. Shiba Inu started out as a meme token but eventually gained enough traction to prove its booming value. Read on to know more about what the experts are saying!
Shiba (in Milions) Price Prediction 2022
FXStreet’s latest video on the Shiba Inu coin made use of extensive technical analysis to predict the coin’s price for this year. It said that while SHIB’s price has been on a steady uptrend for the past two weeks, it is now facing a resistance barrier near the $0.0000274 level, preventing the coin from moving higher three times already over the past month. FXStreet maintains that if buyers stick together and bulls overcome the market, there will be a breakout and a resistance-free path up to $0.0000495 this year. This implies an 85% upside potential.
Note that this very bullish Shiba Inu price forecast is heavily dependent on Bitcoin and contingent on BTC sustaining its level above $45,000. A crash would nullify any potential bullish setups for the altcoins.
Digital Coin Price
Digital Coin Price expects the SHIB coin price to reach $0.0000367 by 2022. At the same time, its minimum price prediction for this year is $0.0000324.
Based on Wallet Investor’s real-time technical analysis, the Shiba Inu coin price could reach $0.0000539 by the end of the year.
Shiba (in Milions) Price Prediction | 2025 and beyond
Digital Coin Price
Shiba (in Milions) Price Prediction: 2025: The average price of SHIB is expected to cross the $0.0000577 level in 2025. The maximum price prediction is $0.0000621.
Shiba (in Milions) Price Prediction: 2028: The price of Shiba Inu is expected to breach the $0.0000827 level by 2026. The highest price prediction is $0.0000920.
Shiba (in Milions) Price Prediction: 2029: The Shibu Inu coin price prediction for 2029 is very bullish, with Digital Coin Price estimating a breakout past $0.000107, and a maximum price of $0.000109.
Shiba (in Milions) Price Prediction: 2030: By 2030, the price of Shiba Inu will have crossed the $0.000121 resistance. It could even reach an all-time high of $0.000125 during the year.
The website’s algorithm-based SHIB price prediction for the long-term is a tight but steady upward range towards $0.00009 by 2025, $0.000145 by 2030, and $0.00015 by 2033.
2025: The average price of Shiba Inu could spike to as high as $0.09 by 2025, indicating a strong possibility of reaching a new all-time high within the next five years.
2026: Coin Quora is particularly bullish on the potential of Shiba Inu. It expects the token’s price to hit at least $0.5, which means SHIB holders now will see a 2000x increase in the value of their investment.
Keeping Up With the Shiba Inu Ecosystem
The crypto market is rife with news and updates about the Shiba Inu cryptocurrency. Investors consistently monitor these movements in order to determine whether or not they should buy Shiba Inu. Here are some of the latest news about the famous meme coin that have led to significant movements in its token price.
Shiba Inu and the Metaverse
Shiba Inu recently announced its plans of joining the much-talked-about Metaverse. The Shiba Inu creators explained that the project would have 100,595 plots of land. Each of them will give participants the opportunity to enter the Shiba Inu environment. Bidding for the plots will be done in the Ethereum blockchain. There will be four categories of plots, namely, Silver Fur, Gold Tail, Platinum Paw, and Diamond Teeth. The land prices start at 0.2 ETH per plot.
Experts from all around the cryptocurrency market are saying that Shiba Inu is entering the Metaverse just to compete with Decentraland.
Metaverse Market Potential
Analysts expect the Metaverse economy to be valued at around $8 trillion to $13 trillion by 2030, making altcoins such as Shiba Inu tokens one of the largest beneficiaries of a potential boom.
Elon Musk and Meme Coins
It’s a crypto dog race! Shiba Inu seems to be receiving more love lately compared to Elon Musk’s favourite. Analysts say Shiba Inu generally has the same genes, but a better lineage. SHIB, unlike DOGE, is capable of projects like the Shiberse and even has its own series of non fungible tokens. Meanwhile, DOGE is one of the few coins that do not have a fixed limit. Therefore, DOGE coin has nothing that prevents its price from devaluation.
Shiba Inu’s Fast Food Chain
In 2022, Shiba Inu announced a partnership with Welly’s, the famous Italian fast-food restaurant. The Shiba Inu puppy, dubbed Ryoshi, is now the Welly’s mascot. There is currently only one store located in Naples, but the chain plans to expand to a global scale soon.
Shiba Historical Price
The historical price of Shiba only started to rise in May of 2021 during the crypto supercycle. Afterwards, it hit an all-time high of around $0.000080 by November during the same year before cooling down to close 2022 off at $0.00003341.
Shiba Price Today
The Shiba Inu coin is currently trading at $0.00002677. It has a circulating supply of 549,063.28 billion SHIB tokens, with a total maximum supply of 589,735,030,408,323 SHIB tokens. This is equivalent to a market capitalisation of $14,696,430,520. Shiba Inu is 15th out of the coins listed in CoinMarketCap based on market cap.
How Does Shiba Inu Work?
SHIB is an ETH-based altcoin that makes use of the Shiba Inu dog breed as its mascot. Some consider it to be the best alternative to Dogecoin–hence, it is also touted as the Dogecoin Killer. Holders of Shiba Inu can earn returns on ShibaSwap, wherein a SHIB token can be used to provide liquidity, stake, and exchange one token for another.
Where Can I Buy SHIB?
The Shiba Inu coin is listed on several platforms, including Binance, Crypto.com, Atomic Wallet, KuCoin, and eToro. eToro seems to be the best option for trading Shiba since it has a very convenient and user-friendly app. Users of the platform can check and monitor their investments easily and on the go through the eToro app available on the Apple Store and Google Playstore.
It’s safe to say that a lot of industry experts and crypto market analysts are very bullish on the Shiba Inu coin. The consensus is a strong and stable uptrend until beyond 2030. Apart from being one of the most well-known meme coins, it is also starting to build actual fundamental value. Its foray into the Metaverse only cements this fact.
This article was written for educational and entertainment purposes only. It should not be considered investment advice. We strongly recommend that readers do their own research and price analysis before buying any digital asset, not only SHIB. The cryptocurrency market is very volatile. There is always a risk that you could wipe out your entire capital. Therefore, you should only invest what you can afford to lose.
Also, note that the prices quoted in this article may not reflect prevailing market prices, since crypto trading runs 24/47.