The decentralized cryptocurrency Shiba Inu (SHIB), dubbed as meme coin, was developed in 2020 by an unknown creator using the alias Ryoshi. This Shiba In price prediction explores the depth of the cryptocurrency, the project scope, and price movement in the days to come.
The SHIB cryptocurrency was developed as a direct rival to Dogecoin and is an Ethereum ERC-20 standard token. The token is not backed by any asset and does not support smart contracts. It can, however, be passed from one user to another. SHIB is one of many digital currencies with a canine motif. But unlike Dogecoin, SHIB is creating a whole ecosystem called ShibSwap around itself.
The SHIB coin was initially intended to be merely another “meme” token, but over time it evolved into its own ecosystem supported by a large user base. Shiba Inu promotes the talented members of the ShibArmy by creating an environment that rewards action and development. The Shiba Inu Incubator was designed to aid holders in locating the resources necessary to realize their artistic visions. SHIB is ranked as the fifth most trending coin in Asia.
In Asia, $SHIB stands at the 5th position as the most trending coin, and $BONE ShibaSwap occupies the 10th spot 🚀🤑
In $SHIB We HODL🫰 LIKE ❤️ ReTweet ♻️
🚀 Secure your Future Gems!💎 $TREES 🌲 $LEASH 🦮 #ShibaArmy #SAFETREES @Trees_token #Shibariumhttps://t.co/nfTVeyWzxO
— Shiba Inu (@ShibainuCoin) August 13, 2022
Shiba Inu (SHIB) Fundamental Analysis
Shiba Inu intends to be the Srypt-based mining algorithm for Dogecoin on Ethereum. As they introduce their SHIBA INU community to the NFT market, the SHIBA INU website welcomes doge-inspired artists from all over the world to develop the “arts Shiba movement.” In order to raise money for the Shiba Inu Rescue Association, SHIBA INU has also set up a fundraising campaign on Amazon Smile.
Shib is the “DOGECOIN KILLER,” according to the SHIBA INU website, and is featured on their own DEX, ShibaSwap. The Shiba Inu coin was developed by Ryoshi in August 2020. Ryoshi claims for himself that he is a nobody and unimportant. As a community of investors was lured in by the charming charm of the coin along with articles and tweets from individuals like Elon Musk and Vitalik Buterin, this meme coin swiftly acquired speed and value.
Long thought to be the creator of the Shiba Inu, Vitalik Buterin also refuted such claims on the Lex Fridman show on June 5, 2021. After Vitalik Buterin publicly torched his share of the SHIB supply, Shiba Inu gained enormous fame after initially existing as just one of the numerous meme coins.
Asserting that Shiba Inu would be alright “as long as Vitalik doesn’t bug us,” Ryoshi had granted 50% of the SHIB supply to Buterin. Shiba Inu was added to Coinbase’s platform on September 17, 2021, the biggest cryptocurrency exchange in the United States. Shiba Inu prices increased almost 40% in the two days that followed this revelation, resurfacing as the meme dog token.
Since then, Shiba Inus have also received greater attention from other exchanges. The main cryptocurrency exchange in Mexico, Bitso, declared in September that SHIB would begin trading there. Indian cryptocurrency exchange Giottus made the same announcement. The largest cryptocurrency exchange in Europe, Bitstamp, listed Shiba Inu token on the 6th of June 2022.
As one wallet was discovered that had purchased $8,000 worth of SHIB in the summer of 2020. The wallet held almost $5.7 billion at SHIB’s all-time high valuation, the price increase in October 2021 was legendary for the token’s creation worth. Although the owner of the wallet has not been identified, they appear to have transferred some of their wealth to other wallets a few weeks following the price spike.
The price rise encouraged acceptance among token holders as well. SHIB holds nearly 20% of the total market shares of all ERC-20 tokens in Ethereum whales, according to WhaleStats. Following its all-time high, SHIB also crossed the one million holder threshold.
In addition, when SHIB became even more popular among new investors, retailers began accepting it as a form of payment. In 2021, the South Korean exchange Korbit became the first in the nation to list the SHIB cryptocurrency. Beginning in December 2021, American electronics store Newegg added SHIB, working with cryptocurrency payment processor BitPay to enable SHIB transactions. This happened when more than 500 merchants started using SHIB.
The SHIB community’s ongoing work to create a utility for the Shiba Inu token and the subsequent formation of a whole Shiba Inu ecosystem were two important factors in the further sharp increase in the price of SHIB.
LEASH and BONE are the two tokens that makeup ShibaSwap. In order to boost potential, LEASH’s developers have removed the rebase from the token. With a 107,646 token supply overall, it offers various incentives and rewards on ShibaSwap. The ShibArmy can vote on new ideas for the most recent initiative, Doggy DAO, using the governance token BONE. The total supply of BONE is 250,000.
Ryoshi wanted to test if a perpetually dispersed organization could function without a centralized leadership structure with Shiba Inu. They wrote in a blog post that the division brought on by Buterin’s token donation had strengthened the community and allowed it to spread further and decentralize the movement. According to his plan, the core ecosystem will serve its purpose while the Shiba Inu-owned stablecoin takes over as the primary medium of exchange for value.
Shiba Inu (SHIB) Price Analysis
The Shiba Inu price on August 19, 2022, is $0.000014, with a trading volume of almost $529 million. The CoinMarketCap currently ranks SHIB as twelfth among all the cryptocurrencies listed. There are 549 thousand billion, with a market cap of $7.8 billion. Overtime SHIB has secured a stable position among growing cryptocurrencies.
Rank: 13
Shiba Inu Price Prediction – Crypto Academy
We have predicted the future prices of SHIB according to the future vision of Shiba Inu, its roadmap and the market price movement analyses.
Shiba Inu Price Prediction 2022
For 2022, we predict the price of Shiba Inu to reach a minimum level of $0.000013, with an average price of $0.000016. The SHIB price might reach a maximum level of $0.000017 by their own well-developed layer-two solution whose decentralization would be higher than Polygon or BSC.
Shiba Inu Price Prediction 2023
The price of Shiba Inu is predicted to reach a minimum level of $0.000014 and a maximum level of $0.000019 in 2023. While an average price of $0.000016 is expected throughout 2023 by getting layer-two “Shibarium” using the primary pair token ‘BONE’ as its primary pair token. It will be built by a very experienced and competent team in building blockchain solutions.
Shiba Inu Price Prediction 2024
As per the forecast price and technical analysis, In 2024, the price of Shiba Inu is predicted to reach a minimum level of $0.000017. The SHIB price can reach a maximum level of $0.00003 with the average trading price of $0.000022 by developing SHI, a global exchange with value for plebs.
Shiba Inu Price Prediction 2025
The price of Shiba Inu can reach a minimum level of $0.000019 in 2025. The SHIB price might have a maximum level of $0.00003 with an average price of $0.000025 throughout 2025 by using the collateral of SHI as a backstop for pushing its value back to one cent if the peg gets lost.
Shiba Inu Price Prediction 2026
We forecast the lowest possible price of Shiba Inu to be $0.000022 in 2026. The SHIB price might reach a maximum level of $0.000044 with an average level of $0.000033, while Ryoshi would enable the working of SHI similar to DAI.
Shiba Inu Price Prediction 2027
In 2027 the price of Shiba Inu is anticipated to be about a minimum value of $0.000025. The Shiba Inu price value can reach a maximum of $0.000054 with the average trading value of $0.000037 as SHI will be used as payment and would store value.
Shiba Inu Price Prediction 2028
We forecast the price of Shiba Inu to reach a minimum level of $0.00003 in 2028. The Shiba Inu price can be at the maximum value of $0.00007, with the average trading price of $0.00005 throughout 2028. This would happen through a new financial plan to add SHI as a weighted pool pair on Curve.
Shiba Inu Price Prediction 2029
In 2029, the price of Shiba Inu can reach a minimum level of $0.000033. The SHIB price can reach a maximum price value of $0.00009 with an average value of $0.00006 by hosting localized meetups.
Shiba Inu Price Prediction 2030
The price of Shiba Inu is expected to reach a minimum value of $0.00004 and a maximum value of $0.00012. They can reach an average trading price of $0.00008 throughout 2030 by hosting a yearly ShibaCon convention at an easily accessible location in an unrestricted country for inclusive global plebs.
Shiba Inu Price Prediction – Market Overview
Here are the price predictions of Shiba Inu given by top authoritative crypto analysis websites.
Priceprediction.net
Price Prediction.net analysts expect the maximum and average price level of SHIB to reach $0.000015 and $0.000014 at the end of 2022. For the next five years, they have estimated the coin to easily reach the threshold of $0.000062. It will continue to increase with the maximum price of $0.00048 till 2030, as said by their specific experts and business analysts.
Digital Coin Price
Digital Coin Price analysts predict the lowest and highest price of Shiba Inu to be around $0.00002 and $0.000076 in the future. In a year’s time, the price of Shiba Inu can be $0.000022, and in the next three years, it can be $0.000026. During the next four, five, and six years, the price of SHIB can be $0.000027, $0.000039, and $0.000047.
Coin Codex
Coin Codex analysts have determined the SHIB price to revolve around $ 0.000015 and $ 0.000027 in 2024, between $0.000020 and $0.000059 in 2025, and from $0.000025 to $0.00013 in the year 2026. Hence for the years 2024, 2025, and 2026, the price revenue of Shiba Inu could be 87.09%, 315.02%, and 820.64%.
Tech News Leader
Tech News Leader analysts believe that in one year’s time, the price of Shiba Inu might be at the maximum level of $0.000022. In the next five years, the price can be around $0.000067. There exist high chances for the price of Shiba Inu to increase to $0.00043 in ten years. The value predicted for the next eight to ten years lies between the minimum price of $0.00041 and the maximum price of $0.00051.
Wallet Investor
Wallet Investor analysts do not consider SHIB a good investment. They predict its price to be $0.000032 and $0.0000315 by the end of 2022 and 2023. At the end of 2024 and 2025, the prices can be $0.000039 and $0.000048. The price can be $0.00006 in 2026. Five years from now, the maximum price can be $0.000062.
How to Buy Shiba Inu (SHIB)
Binance is the most prominent platform for the ease it provides to users buying cryptocurrencies, such as Shiba Inu.
Step 1: Login/Create an Account.
First, you are required to sign up for an account that is the entrance to users who want to buy any crypto listed on it. So you can log into your account or get yourself registered and verified on the Binance App or on the website using your email address and mobile number.
Step 2: Select a Payment Method.
Next, you need to select a method to fund your account for buying Shiba Inu (SHIB) tokens. From the Binance website navigation, check the options available for your region by clicking on the “Buy Crypto” button. If you are using Binance for the first time, the use of bank transfers or credit cards is the most suitable option for you.
Visa and MasterCard both are supported on Binance. Shiba Inu (SHIB) can also be bought directly through Binance’s peer-to-peer service from other users. There also exist several options for third-party funding methods.
Step 3: Buy SHIB
After selecting the payment method, you have to fill in your order details within a minute at the current price. After each minute, you would have to Refresh the page for a new real-time order price. Finally, Confirm your assets’ trade and store them either on your Binance account or on your personal crypto wallet.
Frequently Asked Questions (FAQs)
Is Shiba Inu a Good Investment?
Yes, Shiba is a good investment with continuous innovations for regular price hikes making it the twelfth best cryptocurrency in the market.
Can SHIB Reach $0.01?
No, under present circumstances, SHIB does not seem to reach $0.01 in the next ten years. The maximum price expected for 2030 is $0.00012.
Where to Buy SHIB?
You can buy SHIB on Binance, BTCEX, OKX, BingX, and Bybit.
Takeaways
- A decentralized cryptocurrency, namely Shiba Inu (SHIB), was developed in 2020 by an unknown creator using the alias Ryoshi.
- The SHIB cryptocurrency was developed as a direct rival to Dogecoin and is an Ethereum-based ERC-20 token.
- The token is not backed by any asset and does not support smart contracts. It can, however, be passed from one user to another.
- SHIB is creating a whole ecosystem called ShibSwap around itself.
- The SHIB coin was initially intended to be merely another “meme” token, but over time it evolved into its own ecosystem supported by a large user base.
- Shiba is a good investment with continuous innovations for regular price hikes making it the twelfth best cryptocurrency in the market.
- The SHIB price might reach a maximum level of $0.000017 in 2022.
- The Shiba Inu price value can reach a maximum of $0.000054 in 2027.
- The maximum price expected for 2030 is $0.00012.
- SHIB does not seem to reach $0.01 in the next ten years.
- You can buy SHIB on Binance, BTCEX, OKX, BingX, and Bybit.
Disclaimer: The information provided on this page is most accurate to the best of our knowledge; however, subject to change due to various market factors. Crypto-Academy encourages our readers to learn more about market factors and risks involved before making investment decisions.