Shiba Inu coin price prediction

What is the Shiba Inu coin?

On the one hand, we can say that Shiba Inu is the result of a sense of humor by someone under the name RYOSHI. On the technical side, however, it is an ERC20 token and a strong competitor to the main meme coin Dogecoin. The main goal of the SHIB experiment was to create the best Decentralized Ecosystem (DECO) on the planet, and the Ethereum blockchain was best suited for this.

In the end, investors got the “joke” and began to seriously invest in it, which could not but affect the coin value. At the time of this writing, the cost of the Shiba Inu is $0.000037. Seems a bit, right? But what about the fact that at the time the coin was created there were nine zeros after the decimal point! Whereas now its ranking in CoinMarketCap is # 13 with a market cap of $20,283,438,971, surpassing Nissan and LG Electronics, market valuation of which is $19.9 billion and $19.88 billion.

Shiba Inu to USD Chart

IMAGE SOURCE: CoinMarketCap

The coin reached its historical maximum on October 28, 2021, when its value was $0.00008845. This means that if you invested $100 in Shiba Inu on August 1, 2020, your savings would be valued at more than $14 million at the time of its moonshot. That turns Shiba Inu from just a comic crypto into a serious digital asset for investment.

If the information above has prompted you to consider joining the canine crypto culture, let’s take a look at the places to get SHIB coins.

Where can I buy Shiba Inu coins?

Due to its popularity and success, Shiba Inu is listed on the leading crypto exchanges, so it will not be difficult to find a suitable platform for buying coins. The best ones are presented below.

Godex.io

The Godex.io service offers a platform for the safe and fast exchange of many cryptocurrencies for Shiba Inu. Some of its advantages are the fixed rate and the absence of registration forms with the indication of personal data.

Binance 

Binance is one of the leading digital asset exchanges. The platform has occupied top positions in the ratings of exchanges in terms of the total volume of transactions for a long period of time.

To start trading on Binance, you will need to go through simple registration and verification procedures. After confirming your identity, you can buy Shiba Inu on the exchange for fiat currency or crypto in any convenient way.

Huobi

The Huobi Exchange also offers tools for buying Shiba Inu. You can pay for SHIB crypto on the platform with a bank card as well.

KuCoin

KuCoin is another well-known digital asset exchange where you can get Shiba Inu. The most popular coin trading pair on the platform is SHIB / USDT. You can pay for your purchase by card or bank transfer.

ShibaSwap

ShibaSwap is one of the few decentralized exchanges that offers to buy Shiba Inu. Within the walls of the trading platform, among other things, you can carry out transactions with the secondary tokens of the Shiba Inu project: LEASH and BONE tokens.

LEASH is a rebase token on the Shiba Inu network that has been pegged to Dogecoin. The emission of the coin, unlike SHIB, is limited.

The Shiba Inu developers themselves say that the BONE token is a cross between SHIB and LEASH tokens. BONE emission is also limited. In the system, coins work like government tokens.

You can buy Shib Coin on ShibaSwap through crypto wallets such as Metamask and WalletConnect.

Why is Shiba Inu crypto growing?

There are many factors that can affect the value of Shiba Inu.  Ben Caselin, head of the research and strategy department of the AAX (Atomic Asset Exchange), notes that the excitement around meme coins such as SHIB is a social phenomenon, not a financial one. One cannot disagree with this, because there are no fundamental reasons for the rise in the price of these tokens. 

The excitement about a coin can arise due to unpredictable factors, for example, after its mention or after a tweet from a media person.

The reasons that affect the growth of Shiba Inu include the following:

• Listing coins on popular cryptocurrency exchanges and adoption of SHIB tokens as a form of payment by an increasing number of companies;
• Bulk purchases by large investors;
• The SHIB token burning plan;
• Development of our own project and release of useful products;
• Well-thought-out marketing and a large number of fans on social media;
• Increased interest due to the volatility of the coin, and the possibility of quick profit;
• The Mask effect.

Meme coins attract more attention among people, as well as the media, which triggers an increase in demand, which acts as a catalyst for price growth. The popularity of meme assets is growing among people who perceive the coin as something fresh and juicy. Most got bored with traditional coins, and everything that steps out of the common patterns and evokes new emotions will always have support among users.

Listing a coin on cryptocurrency exchanges has a positive effect on its rate. The coin is currently traded on ShibaSwap, FTX, Binance, Crypto.com, Probit Global, Huobi, etc. 

In late November, technology-focused online retailer Newegg Commerce announced that it would accept SHIB tokens as a form of payment, and an American movie theater chain (AMC Entertainment) is also going to allow its visitors to pay with SHIB tokens.

An increase in interest in Shiba Inu lies in the fact that traders want to be involved, take more risks, experience luck and excitement, and rack up profits faster. Thus, financial swings attract the attention of investors. When there is a stagnation in the market of stable coins, then the feel for the game and sport disappears, low volatility will inevitably lead to a low probability of “quick” income.

One of the big upcoming events that also serves as a catalyst for Shiba Inu is the launch of the second-level blockchain project Shibarium. This project will reduce or completely eliminate transaction fees, improve scaling and reduce processing time. 

Regarding the last catalyst on the list, everyone is probably already aware of how powerful Elon Musk’s laconic tweets can be. So, having once written about the desire to acquire Shiba Inu, Elon kindled public interest in the crypto, although it was about a live dog, and not about a meme-coin.

Should I invest in Shiba Inu?

Despite all its achievements and potential prospects, it is important to realize that investing in Shiba Inu and any other crypto can be a wild goose chase. Before making an investment, you should definitely study the current news background around the project and the price change schedule. Make sure the price of the coin is reasonable to buy it.

It is also important to properly store and manage your assets. There is a recommendation to split the acquired assets. Most coins are best kept in cold storage wallets, and only a small amount of SHIB coins needed for daily use or trading can be left on an exchange or online wallet.

Shiba Inu is only worth investing if, in case of failure, you are ready to part with your precious coins. 

Shiba Inu coin price prediction 2022

PricePrediction.Net claims that its predictions for future SHIB rates are accurate as they are based on deep AI technical analysis and past rating data. Here’s what they predict for 2025. The low price is $0.00005506, the average price is $0.00005700, and the best price you can expect is $0.00006558.

According to Cryptoinstation.com, the price of Shiba Inu in 2022 will change from $0.0000387 to $0.0000663.

CoinPriceForecast.com predicts that in the first half of 2022, the Shiba Inu price will climb to $0.00011927; in the second half, the price would add $0.00002427 and close the year at $0.00014354, which is +285% to the current price.

Crypto Academy believes that in 2022 SHIB could reach as high as $0.0003. This would entail a market cap of around $160 billion. The US dollar might depreciate and SHIB might be integrated worldwide.

Shiba Inu price prediction from DigitalCoinPrice is up to $0.0000695216.

WalletInvestor expects the minimum price for 1 SHIB to be $0.000028 and the maximum price to be $0.000116.

There are also experts who believe that SHIB could become one of the worst cryptocurrencies in 2022. The conclusions are drawn from the example of other coins such as Litecoin and Ripple, which also made great strides in a short period of time. Unfortunately, this surge was driven by momentum and emotion, and the coins did not prove to be sustainable in the crypto space, losing 93-96% of their value. The same may well happen to Shiba Inu.

Shiba inu coin price prediction 2025

The forecast from PricePrediction.Net is:

Minimum Price – $0.00016233

Average Price – $0.00016817

Maximum Price – $0.00019577

Cryptoinstation.com expects prices from $0.0001152 to $0.0001577 for SHIB in 2025.

The most optimistic forecast comes from the Crypto Academy, where experts believe that SHIB may remain bullish in the first quarter of 2025, with the SHIB price reaching $ 0.005. This price is 100x the current price of SHIB, and it may mean that SHIB could enter in the top 5 rankings, other things equal.

Shiba Inu price prediction from DigitalCoinPrice is up to $0.0001091684.

According to WalletInvestor, the minimum SHIB price will be $ 0.000171, and the maximum meme coin price that could reach in 2025 will be $ 0.000365.

Shiba Inu price prediction 2030

The forecast from PricePrediction.Net is:

Minimum Price – $0.001

Average Price – $0.001

Maximum Price – $0.001

Coin Price Forecast predicts that the SHIB price could reach $ 0.00085111 by the end of 2030.

Shiba Inu price prediction 2040

Shiba Inu cryptocurrency market analysts do not dare to make such long-term predictions, because there are many unpredictable factors that can affect the price of Shiba Inu in the long term.

Some cherish the hope that by 2050 the coin will reach $1, others are skeptical about such a forecast, because until now the coin has not reached even 1 cent.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.