Shiba Inu (SHIB) has garnered attention from investors hoping to capitalise on its volatile nature and make quick profits. However, concerns persist regarding SHIB’s viability as a long-term investment. As SHIB is often regarded as a meme coin with limited utility and a speculative asset, there is a scarcity of long-term price forecasts for Shiba Inu. This article will give Shiba Inu price predictions for 2023-2030, thus helping you to determine if SHIB is worth your long-term investment.
Key Takeaways
- Recent updates: Non-zero addresses surge, Shibarium advancement, and “The Big Plan from Shiba State” positively affected SHIB price.
- By 2025, SHIB price will be traded between $.000027 and $0.0000326.
- By 2030, the token can reach a maximum of $0.0001204.
What Is Shiba Inu (SHIB)?
The Shiba Inu (SHIB) coin, created in August 2020 by an individual known as Ryoshi, remains in mystery. It is an Ethereum-based crypto named after the Japanese dog breed and is often considered a viable alternative to Dogecoin (DOGE), earning the nickname “Dogecoin killer” among its supporters.
SHIB serves as the native and governance token for the Shiba Inu network, using the ERC-20 standard. The project has its decentralised exchange (DEX) called ShibaSwap, enabling users to trade various cryptocurrencies for SHIB tokens. Users can earn interest through liquidity pools by depositing tokens into ShibaSwap’s SHIB pool.
Shiba Inu is actively developing a metaverse project called SHIB: The Metavrse, where token holders can participate in activities such as buying land, acquiring NFTs, and engaging with other tokens with a restricted supply of 107,646 units, providing staking rewards to transaction validators.
Notably, Shiba Inu locked 50% of its token supply on Uniswap, permanently locking away the keys, and generously gifted the remaining 50% to Ethereum founder Vitalik Buterin. In response, Buterin donated 50 trillion SHIB tokens to India’s Covid Crypto Relief Fund. He also burned 40% of the total supply, rendering it unusable in a “dead wallet.”
Recent Updates
Non-zero addresses surge
Recently, the number of SHIB wallets with a balance of over $0 have spiked to 1.26 million. This figure, compared to the 8,460 wallets in February in 2021, poses an almost 15,000% increase. The growth in non-zero SHIB addresses could be attributed to initiatives like the burning mechanism and the development of Shiba Inu’s layer-2 blockchain solution – Shibarium. In particular, Shiba Inu underwent almost 1.5 billion tokens sent to an inaccessible address in October. Most recently, on November 7, the memecoin project saw a 19,000% rise in its burn rate on a 24-hour scale. Furthermore, thanks to the advancement of Shibarium, there have been over 4 million transactions made and nearly 1.3 million addresses created since its launch in August.
The Big Plan from Shiba State 2024 – 2025
On a X (twitter) post on November 6, Lucie – the marketing lead for the Shiba Inu project team – unveiled an ambitious strategy called “The Big Plan from The Shiba State,” spanning 2024 and 2025. This roadmap outlines the token’s team goals with focus on decentralisation and community involvement, intending to shift Shibarium’s governance towards a more democratic and participatory model. Whilst specific implementation information is yet to be disclosed, the tweet emphasises significant alterations in how the Shiba Inu community might interact with and influence the token’s development and use cases in the future. In essence, every SHIB holder, regardless of their holdings, can have a say in the project’s direction.
The Big Plan from The Shiba State
2024/2025
•More Power to Everyone:
•Shibarium spreads decision-making across the community, reducing reliance on central control and giving everyone a say.
•Community Empowerment:
•All tokens have a say, ensuring… pic.twitter.com/Q2jgjoWEcT— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) November 6, 2023
This news optimistically affected the SHIB price. Within 24 hours, its price rose by 4.42% from $0.000008142 to $0.000008502. In the following days, the coin continued to increase by 7.73% to a peak of $0.000009159 before trailing back to $0.00000837 on November 21.
Shiba Inu (SHIB) Technical Analysis
When considering whether it’s a good time to buy Shiba Inu, it’s important to examine its performance and price history.
Shiba Inu was launched in August 2020 and underwent a consolidation phase until April 2021. It experienced a significant spike that lasted until May 2021, followed by a notable pullback. After consolidating for several months, the coin surged again, reaching an all-time high of $0.00007489 in October 2021, marking the completion of its bull run.
However, in November 2021, the crash of Bitcoin affected the entire market, including Shiba Inu. As a result, SHIB entered a downtrend that persisted until June 2022, leading to a staggering 91% loss of value. This drop brought the price back to the level at which SHIB consolidated before its 2021 bull run.
Since June 2022, Shiba Inu has remained in a consolidation phase with the broader crypto market. While there have been positive developments, such as breaking out of the previous downtrend, further downside was reported.
Shiba Inu has been consolidating since June 2022, prompting investors to evaluate whether it presents an opportunity for future growth.
Shiba Inu Price Predictions 2023-2030
The SHIB price has displayed significant volatility during the last three months of 2022, reaching a peak of $0.00001739 in August. However, the price failed to sustain its bullish momentum and is presently trading at $0.00001025.
Many crypto experts predict that meme coins like SHIB are considered high-risk and unfavourable for long-term investments. Their SHIB price prediction suggests a potential further decline to $0.000001086 by the end of 2023. Conversely, some anticipate that Shiba Inu (SHIB) could reach $0.000231 within the next five years.
YEAR | MINIMUM PRICE | MAXIMUM PRICE |
2023 | $0.0000091 | $0.0000220 |
2024 | $0.0000174 | $0.0000250 |
2025 | $0.0000227 | $0.0000326 |
2026 | $0.0000295 | $0.0000424 |
2027 | $0.0000381 | $0.0000549 |
2028 | $0.0000494 | $0.0000711 |
2029 | $0.0000644 | $0.0000927 |
2030 | $0.0000836 | $0.0001204 |
Shiba Inu Price Prediction 2023
According to our Shiba Inu prediction, the projected price range for the year 2023 is estimated to be between $0.0000091 and $0.0000220. Although Shiba Inu token will experience growth in 2023, the growth rate is predicted to be relatively modest. Nevertheless, based on our Shiba Inu price prediction, investors in SHIB may still achieve satisfactory profits from their investments.
Shiba Inu Price Prediction 2024
Based on the Shiba Inu coin forecast for 2024, market analysis suggests that the SHIB cryptocurrency is expected to reach a maximum value of $0.0000250 and a minimum value of $0.0000174. Considering the market sentiment and further SHIB price predictions, the average price of the Shiba coin may hover around $0.0000212.
Shiba Inu Price Prediction 2025
Our SHIB price forecast indicates a promising future for the Shiba Inu coin. The projected price range for 2025 is estimated to be between $0.0000227 and $0.0000326. The average price is to be around $0.0000276, accompanied by an expected increase in market capitalisation.
Shiba Inu Price Prediction 2026
According to the Shiba Inu price forecast, the average trading price for Shiba Inu in the year 2026 will be around $0.0000360. Furthermore, the projected range for Shiba Inu prices indicates a minimum value of $0.0000295 and a maximum value of $0.0000424.
Shiba Inu Price Prediction 2027
According to our Shiba Inu price forecast, the estimated price for SHIB Inu is projected to reach a maximum level of $0.0000549 by 2027, with a minimum level of $0.0000381. The Shiba Inu ecosystem is anticipated to exhibit consistent growth, leading to an average price jump to $0.0000465 in the same year.
Shiba Inu Price Prediction 2028
According to our Shiba Inu coin price predictions for 2028, it is possible to observe Shiba Inu tokens fluctuating around the average price of $0.0000603. The price predictions for the Shiba Inu (SHIB) network indicate significant volatility, with a potential high of $0.0000711 and a minimum price of $0.0000494 in the cryptocurrency market.
Shiba Inu Price Prediction 2029
Based on our Shiba Inu crypto price prediction, the Shiba Inu price is expected to make a significant impact on the cryptocurrency markets, reaching an average price of $0.0000786 in 2029. The maximum price level is projected to reach approximately $0.0000927, while the minimum value is anticipated to be around $0.0000644.
Shiba Inu Price Prediction 2030
According to our SHIB coin price prediction, the price of SHIB may fluctuate between a minimum value of $0.0000836 and a maximum value of $0.0001204 in the year 2030. The potential average price for SHIB during this period is estimated to be around $0.0001020.
FAQs
Can Shiba hit 1 dollar?
It is impossible to make definitive predictions. As of the current writing, no analysts have predicted that the value of SHIB could reach $1. We strongly advise conducting thorough research, staying informed about the latest market trends, news, and expert opinions, and exercising caution before making investment decisions.
Where can I purchase SHIB?
SHIB can be purchased on crypto exchanges such as CoinSpot, Coinbase, FTX, and Bitfinex. These exchanges use trading pairs, such as SHIB/USDT, which means you can convert SHIB into Tether, a stablecoin pegged to the U.S. dollar. Exchanges like Binance and KuCoin offer SHIB paired with Tether. You can read our guide on How to buy Shiba Inu Coin (SHIB) for further information.
How is the Shiba Inu network secured?
The Shiba Inu network employs multiple mechanisms to ensure its security. It uses a robust Proof-of-Work (PoW) consensus mechanism, thus hindering any attempts by attackers to gain control over most of the network. The network also benefits from a highly active and vigilant community that promptly addresses and mitigates potential threats.
What is the future of the Shiba Inu coin?
Indeed, the current market conditions present a favourable opportunity to consider buying SHIB due to the expected rise in crypto prices. Despite Shiba Inu (SHIB) experiencing a notable decline, its long-term investment prospects suggest a robust price performance in the coming years.
Does the Shiba Ina token have utility?
Investing in the Shiba Inu coin may still be a viable option despite concerns about its utility. Recent developments have increased the usefulness and value of the SHIB token. For instance, investors can stake SHIB tokens on ShibaSwap to earn rewards. Shiba Inu has also partnered with Flexa, a fraud-proof payment network, allowing SHIB holders to use their tokens as currency at over 41,000 locations. The collaboration with Shopping.io enables SHIB coin holders to purchase on Amazon, Walmart, and eBay.
Is SHIB worth my long-term investment?
Although Shiba Inu may experience short-term price surges and offer double-digit returns, substantial gains are typically achieved over more extended timeframes. Considering the recent market downturn in the crypto industry since 2021, it may take a few years before coins reach their previous all-time highs. Therefore, investors should conduct thorough research and may need to consider the broader cryptocurrency landscape, including BTC price prediction and ETH price prediction, to make informed investment decisions.
What will Shiba Inu be worth in 2030?
Shiba Inu’s worth by 2030 may be more than 1000% of the current price. The maximum and minimum SHIB price is anticipated to be around $0.0001204 and $0.0000836, respectively. With the increase in SHIB’s price, it is anticipated that the market cap will also increase significantly.
