Shiba Inu Price Prediction: Will SHIB Coin Reach $1?

July 9, 2024

Price Prediction

Sean Korbett

Shiba Inu (SHIB) was created in response to the enormous success of Dogecoin, with the hope of capitalizing on the meme coin euphoria. At the moment, it’s one of the most well-known meme crypto coins: the project rapidly develops and boasts its vast ecosystem. Will its native coin SHIB go up in price? Discover Shiba Inu price prediction in StealthEX’s latest article.

Shiba Inu (SHIB) Overview

Shiba Inu (SHIB) is a meme crypto coin launched in August 2020 by an anonymous enthusiast under the name Ryoshi. Like Dogecoin (DOGE), it’s based on the Doge meme, which features a Shiba Inu dog. To add value to the project, Shiba Inu offers Shibarium, its own platform. As Shiba Inu is an Ethereum token, it means that interacting with it can be a bit expensive. Therefore, Shibarium as a blockchain plays an important role in Shiba Inu’s growth. It helps the network grow by lowering transaction costs and boosting its speeds.

The first big moment in Shiba Inu’s history came in May 2021 when its founder sent half the supply to Ethereum co-founder Vitalik Buterin. Buterin then ended up donating 10% of the tokens and burning the other 90%. As a consequence, Shiba Inu currently has a circulating supply of about 549 trillion tokens.

Shytoshi Kusama and Ryoshi are known to be the anonymous creators who played an important role in the development of Shiba Inu. Ryoshi’s sudden disappearance from social media and the deletion of his legendary medium postings in May 2022 startled and upset the Shib Army. Ryoshi has replaced his profile image on Twitter with that of Buddhist monk Milarepa and erased all of his prior messages. However, the project continued developing and it’s now in the top-15 cryptocurrencies by market cap.

Shiba Inu Features

Shiba Inu offers several features within the crypto space:

1. Meme coin. SHIB stands out from traditional cryptocurrencies due to its strong community-driven nature, influenced by meme culture. This has created a devoted following among its holders. Unlike other cryptocurrencies, SHIB’s value is driven by its popularity and meme status rather than technological advancements or real-world applications.
2. Community-driven projects. The Shiba Inu community places great importance on community involvement. The developers have relinquished control, allowing anyone to contribute and influence the future development and direction of SHIB. This grants community members a sense of ownership and empowerment, enabling them to shape the project according to their preferences and vision.
3. Decentralized and open-source. Shiba Inu promotes inclusivity by allowing anyone to participate in the network without intermediaries or permission. This aligns with the goal of cryptocurrencies to provide financial empowerment to individuals. Moreover, the decentralized structure enhances security, making it difficult for hackers to compromize the system.
4. Large circulating supply. Shiba Inu has a large circulating supply, which means there are numerous tokens available for trading.

SHIB Price Chart

CoinMarketCap, July 9, 2024

Shiba Inu Price History Highlights 

• 2020: In 2020, SHIB token was launched and reached its all-time low of $0.00000000008165 in September.
• 2021: SHIB exploded to a new all-time high of $0.00003, transacting billions of dollars in trading volume and later in October reached its peak of $0.00008845.
• 2022: In 2022, SHIB closed January with a significant 36% loss in its value.
• 2023: In 2023, SHIB boasted an impressive gain of 46.2% by the end of the first month.
• 2024: The recent crypto market spike in March has seen SHIB reach $0.00003592. Since then its price has dropped and at the moment hovers between $0.000015 and $0.000018.

Shiba Inu Price Prediction

Shiba Inu Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 SHIB coin’s price will go as high as $0.0000345 (+117%), while at its lowest point its price can sink to $0.000014 (-11%).

PricePrediction analysts think that in 2024, Shiba Inu coin’s minimum price can drop to $0.000018 (+13%), while at its maximum SHIB will rise to $0.00002 (+32%).

Experts at Telegaon believe that the minimum lowest price SHIB can go down to is $0.000042 (+165%) vs its maximum price of $0.00006 (+278%).

Shiba Inu Coin Price Prediction 2025

Based on the predictions of experts at DigitalCoinPrice, in 2025 SHIB might reach $0.00004 (+158%) per coin at its highest point, while its lowest price might drop to $0.000034 (+114%).

According to PricePrediction, in 2025 SHIB crypto can hit $0.00003 (+95%) at its maximum while it can drop to $0.000026 (+63%) at its lowest point.

Telegaon analysts believe that in 2025 SHIB coin is going to drop in price to its lowest point of $0.000061 (+282%), while at its highest point it can rise to $0.0000728 (+358%).

Shiba Inu Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, SHIB coin can hit its maximum price level with $0.000119 (+649%), while at its low it can sink to a minimum of $0.000107 (+573%).

According to PricePrediction, by 2030 SHIB coin can hit $0.000174 (+995%) at its lowest point, while at its highest point it’s going to rise to $0.00021 (+1,190%).

Telegaon experts are bullish on Shiba Inu: according to them, in 2030 SHIB has the potential to reach a maximum price of $0.000712 (+4,383%) per coin, while at its bottom it can hit $0.000593 (+3,634%).

SHIB Price Prediction 2040

PricePrediction believes that by 2040, SHIB crypto will significantly rise in price: $0.0089 (+55,945%) at its low and a whopping $0.0106 (+66,650%) per coin at its peak.

Telegaon crypto analysts think that in 2040 Shiba Inu will cost a whopping  $0.089 (+560,353%) per coin at its peak. SHIB can also drop in price to a minimum of $0.054 (+339,950%).

Shiba Inu Price Prediction: Experts’ Opinions

The success of meme coins largely depends on their popularity, community, and celebrities backing them up. Tesla inventor Elon Musk once tweeted about his interest in owning a Shiba puppy, which in turn boosted the crypto market and caused the dog-associated meme coin Dogecoin values to soar. Unfortunately, the Shiba Inu coin lacks such a champion, and given its billing as a “Dogecoin killer”, it is unlikely to get the multi millionaire’s support anytime soon.

However, the Shiba Inu coin has a limited supply, with a total of one quadrillion tokens. Although this is a large amount that can easily absorb an army of investors, it is still limited, which may create speculation in the future. The key to Shiba Inu’s future growth is speculation and market capitalization, and Shiba has the potential to be the next Dogecoin.

As Shiba Inu’s potential seems strong and the blockchain keeps developing, many crypto analysts, such as CryptoNewsz, are of the opinion that in 2040 SHIB can reach a potential high of $0.0058.

SHIB USDT Price Technical Analysis

Tradingview, July 9, 2024

Now that we’ve seen possible price predictions for SHIB, let’s find out a bit more about the factors that can influence its price.

What Does the SHIB Price Depend On?

The price of Shiba Inu is controlled by supply and demand. Increased buying pressure causes price increases, and increased selling pressure causes price decreases. Understanding the supply-demand balance is critical when assessing prospective Shiba Inu price changes.

Another aspect is that the crypto market is highly responsive to news and mood. Positive news, such as partnerships or adoption by well-known figures, might increase the price. Conversely, negative news or market concerns can cause sell-offs.

Partnerships and ecosystem expansions play a crucial role in shaping the future of SHIB. The collaboration between the SHIB team and Zama, a leader in fully homomorphic encryption (FHE) technology, highlights efforts to enhance the security and privacy of the SHIB ecosystem. By leveraging encryption expertise, SHIB aims to strengthen user trust and innovation, potentially attracting more investors and driving up its price.

Shiba Inu prices are also influenced by external variables such as market trends and regulatory developments. Cryptocurrency markets frequently exhibit correlated fluctuations, therefore watching overall market conditions might provide insight into possible price moves. Furthermore, regulatory activities or government interventions might influence sentiment and produce price volatility.

When assessing Shiba Inu as an investment, keep the following considerations in mind:

• Supply and demand;
• Partnerships;
• Market manipulation;
• Market sentiment;
• Broader market trends;
• Regulatory developments;
• Hype;
• The rate of burning SHIB tokens.

Risks and Opportunities

There are risks associated when investing in volatile cryptocurrencies like Shiba Inu. Price volatility can result in huge gains or losses suddenly. It is vital to conduct extensive research, assess your risk tolerance, and only make investments you can afford to lose. Having a wide portfolio of assets can also help to lessen the risks associated with bitcoin volatility.

Investing in Shiba Inu can feel like getting on a rollercoaster, with dramatic price swings and unpredictable behavior. Volatility refers to the degree to which an asset’s price fluctuates over time. Shiba Inu are extremely volatile. Prices might surge one moment and then crash the next, keeping investors on edge.

With this in mind, SHIB could be a great asset for investors with high risk tolerance and those interested in the future of meme coins. As the crypto market develops and as the Shiba Inu ecosystem grows, the token can rise in price.

Is Shiba Inu a Good Investment?

It depends on whether it can gain general acceptance. It’s off to a good start; let’s see whether it can maintain it and expand on it. However, cryptocurrencies are unpredictable investments, with the potential to make or lose a lot of money.

How Much Is a Shiba Inu?

At the moment, its price hovers between $0.000015 and $0.000018.

Is Shiba Inu Dead?

Far from it. The project can boast a great ecosystem and a number of features that keep developing.

Will Shiba Inu Go Up?

Possibly. You must consider the broader picture and be prepared to wait several years for the currency to build enough momentum to reach a record high price. Shiba Inu prices are expected to rise for the foreseeable future, according to analysts. However, forecasters are known to make errors.

How High Will Shiba Inu Go?

According to Telegaon, Shiba Inu can finally reach $1, however, it will take around 26 years for the token to do that.

Will Shiba Inu Coin Reach $1?

Although the possibility of the Shiba Inu coin being worth $1 is slim, it is not impossible. It could happen if enough SHIB tokens are burnt. However, this won’t be happening any time soon.

How High Can Shiba Inu Go in 2024?

According to DigitalCoinPrice, SHIB can go as high as $0.0000345.

Will Shiba Inu Reach 1 cent by 2025?

Shiba Inu is likely to reach $0.01 by 2025, depending on a variety of factors such as its capacity to solve real-world problems, use cases, market demand, and prospective partnerships and collaborations.

What Will Shiba Inu Be Worth in 2025?

Telegaon experts believe that in 2025 Shiba Inu will reach $0.0000728 at its maximum.

What Will Shiba Be Worth in 2030?

PricePrediction believes that in 2030 Shiba will go as high as $0.000205.

What Will Shiba Inu Be Worth in 2035?

Telegaon believes that Shiba Inu will cost as much as $0.00216 at its peak.

How Much Will the Shiba Inu Cost in 2040?

Telegaon experts estimate that in 2040 Shiba Inu will soar to $0.089 at its peak.

What Will Shiba in 2050 be Worth?

According to Telegaon, in 2050 Shiba Inu will skyrocket to a maximum of $1.06.

Conclusion

Shiba Inu remains a strong crypto project in the world of meme coins. With many factors included the SHIB token can soon reach one penny. Given the present pricing, this remains a promising price level. Shiba Inu’s ecosystem exemplifies the changing nature of digital assets, challenging traditional notions of value and transforming the landscape of blockchain assets, and investing in Shiba Inu (SHIB) can be a rewarding yet challenging endeavor for cryptocurrency enthusiasts. 

Where to Buy Shiba Inu?

StealthEX is here to help you swap Shiba Inu crypto if you’re looking for a way to invest in this cryptocurrency. You can buy SHIB coin privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Shiba Inu Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to SHIB.
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX and the rest of the crypto world.

Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.