Shiba Inu Price Prediction for 2022, 2025, 2030
25 Jul, 2022
Shiba Inu Price Prediction
Shiba Inu coin is one of the meme coins. It started as a joke and has reached a market capitalization of $41 billion very quickly. This article analyzes the history of the Shiba Inu coin, its background, and the price forecasts from now until 2030.
What Is Shiba Inu Cryptocurrency?
In explaining Shiba Inu currency, we have to start from the premise of meme coins. The first cryptocurrencies caused the growth in various crypto projects, tokens, applications, ICO, etcetera. Almost all that could become a currency, became a currency.
As a joke, a group of engineers created Dogecoin in 2013. This cryptocurrency became one of the first, and obviously the most famous meme coin. Initially, the project authors started it as a joke. However, after some inspiring tweets by Elon Musk, Dogecoin rose in value significantly.
On the one hand, it is interesting to see how the meme becomes a full-scale currency. On the other hand, there is nothing behind the meme coins instead of their decentralized community. Many cryptocurrencies depend on community power, but such coins: Dogecoin and Shiba Inu coins crystallize the idea.
It happened that even a joke can earn money with the support of its community, no matter how good the project in the background is. The phenomenon of Dogecoin inspired many other engineers, and new meme coins appeared on the market – Akita Inu, Husky, and others. Shiba Inu is one of these meme coins. All of them use dog breeds as a mascot.
Shiba Inu coin was launched in August 2020 by an anonymous group of engineers. The Ethereum-based coin appeared on the market with the alias “Dogekiller”. Elon Musk and his tweets attracted the attention of Dogecoin – when one of the richest men in the world pays attention to any currency, its price starts skyrocketing. The owners of the Shiba Inu coin declared the ambitious goal to win the competitive race and to “kill” Dogecoin.
Going a little bit ahead, the Shiba Inu coin, or SHIB, still hasn’t been able to kill off Dogecoin. It seems any of the meme coins can kill Dogecoin only if Elon Musk switches to this coin directly. So, now you know what Shiba Inu cryptocurrency is.
How to Buy Shiba Inu Coins
You need nothing special to buy Shina Inu coins or SHIB. To do this, you need to find a crypto exchange platform with the best set of services, register an account, replenish the trading balance, and exchange fiat or crypto money to SHIB. We’d recommend dealing with large exchange services because of the safety and service quality.
Remember that many cryptocurrency platforms require passing the Know Your Customer (KYC) procedure of identification. The international regulating bodies require this procedure to prevent money laundering. So, you should understand the importance of this procedure and follow the guidelines carefully.
Shiba Inu Coin History
In August 2020 somebody – a person or a group – with the nickname Ryoshi created a new cryptocurrency – Shiba Inu coin, or SHIB. The creator of SHIB still remains anonymous. The name Ryoshi reminds us of Satoshi – the legendary Bitcoin creator. Ryoshi writes a blog and declares that he is a male tech guy who just taps the keys on the keyboard.
There is no serious reason or goal behind the Shiba Inu coin except the decentralized community building. Ryoshi and the team provided a WoofPaper – something like a whitepaper – and declared they never cooperated before and they love Shiba Inu dogs. For the serious world, it would not be enough, but in the universe of meme coins, everything is possible.
The history of the Shiba Inu coin would not be complete without Vitalik Buterin, Ethereum co-founder. He got 50% of SHIB supply from Ryoshi, but burned 90% of his share and donated the rest 10% for the post-Covid crypto recovery in India. Buterin was supposed to be the person behind Ryoshi, but he rejects this.
Shiba Inu coin does well for now. The coin is listed on large crypto platforms like Binance and Coinbase. Several online shops and services accept SHIB as a payment method. Looking at the success of SHIB, Thailand authorities started the attempts to regulate meme coins. It means the authorities noticed the power of the meme coin.
Shiba Inu Price History
The start price for SHIB is $0.000000000056. Just after the start it slowly moved up and down in a flat tread until May 2021. At that time Binance added SHIB to its listing, and the SHIB price reached $0.00003791. Then it corrected and traded at around $0.00000790 until September 2021. In September Forbes magazine published an article about Dogecoin, and Coinbase added SHIB to its listing. The power of the Dogecoin jump and support from the Coinbase listing helped SHIB to reach $0.00008845, overtaking Dogecoin.
Shiba Inu Price Prediction 2022
Shiba Inu coin moves together with all crypto markets. After reaching the price peak in November 2021 – at $0.000072 – it slid down and now it trades around $0.000012. While the recovery of the crypto market is slow and uncertain, we’d suppose it will trade in the corridor of $0.000010-$0.000015. However, major market events can change its price, because SHIB is vulnerable to market volatility.
Shiba Inu Price Prediction 2025
How will the meme coin Shiba Inu perform in 2025? We support the optimistic scenario that suggests $0.002 level in 2025. It can be not an average but a peak price, with a median goal price of $0.00180. However, if Elon Musk will mention it in his tweets, SHIB can reach $0.00232 and even more. The low estimate remains at $0.000966.
Shiba Inu Price Prediction 2030
Stepping back from the unrealistic scenarios, we believe that the average SHIB price in 2030 will be $0.00261. With the support of the community, the forecasted high price for SHIB in 2030 is $0.00292. If SHIB does not perform well, it might reach a minimum of $0.00292.
Should You Invest in Shiba Inu
Shiba Inu coins can be part of your crypto investment portfolio. A crypto investment portfolio consists of several cryptocurrencies. The experts of the crypto market say that a well-balanced portfolio directly leads to profits. So, let us consider the possible place of Shiba Inu and the balance with other cryptocurrencies.
You should not invest in Shiba Inu coins for the long term. This coin is vulnerable to market movement and it exists due to the support of its community. Also, you should not make SHIB the leading currency in your portfolio.
However, you can add Shiba Inu coins to your portfolio for diversification. Together with Bitcoin, Ethereum, and stablecoins, Shiba Inu coins will be a good fit. This currency is perfect for keeping in small shares for short-term investments.
What is the Future of the Shiba Inu Coin?
Analyzing the future prospects for any cryptocurrency, the experts usually analyze the project behind it. It is necessary to understand the worst possible scenario for each token and its potential to stay in the market. The future of the crypto market is unclear because the official regulators have no commonly accepted opinion on crypto. So, currencies related to good business or technical ideas have a higher potential for survival.
However, for Shiba Inu coins it does not make sense. This coin is based on hype and its price depends on its community only. It is impossible to analyze the impact of the major economic factors on the price of Shiba Inu. So, for now, it is reasonable to consider two main future paths for the Shiba Inu coin.
The first possible scenario is the optimistic one. In this scenario, Shiba Inu coins will stay in the market for years. It can hardly kill off Dogecoin but it can successfully compete with it. The public comments from celebrities, such as Elon Musk, will warm up the interest in this currency and support its price growth. The community will support and develop this coin, using the Shiba Inu ecosystem for their purposes.
The second scenario is the pessimistic one. As with every hype-based project, Shiba Inu will live while the hype around it is active. Then the market will find a new favorite and switch to another hype coin. The Shiba Inu community will melt down, the coin will lose its liquidity and die quietly together with its ecosystem.
Of course, a mixture of these scenarios is also possible. So, for those investors who consider investing long-term, the best option is to wait and see the further price dynamics for this currency. At the same time, short-term investors can use Shiba Ina coins to make a profit on price fluctuation.
The cryptocurrency market is known for its high price volatility. Coin prices can move up and down unpredictably. When trading in cryptocurrencies, the investor should be aware of the possible volatility in the market.
Moreover, the crypto market is full of overvalued projects and real scams. Without the knowledge of the market, investors can lose money very easily.
Entering the crypto market, each investor should correctly evaluate the risks related to the market in general and each crypto project. Be sure you only invest money you don’t need for living or any amount that would cause you stress.
Please be aware that all conclusions in this article are recommendations and not a guideline. We do not take responsibility for the investor’s risks in the market and for the consequences of any activity. None of the authors or anyone else connected with this site can be responsible for your use of the information or forecasts contained in the article.