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Shiba Inu Price Prediction 2024 – 2025 – 2030 – Will Shiba Inu Ever Reach $0.10?

Torsten Hartmann

August 7, 2024

3 comments

The meme-inspired cryptocurrency Shiba Inu (SHIB) has seen massive growth and popularity since its launch in August 2020. Over 2021, SHIB’s price skyrocketed an astounding 100,000,000% as the token gained traction among retail investors and crypto communities.

As we head into 2024, many cryptocurrency analysts and experts are offering their predictions on where Shiba Inu’s price could be headed next year and beyond. While short-term price movements are inherently difficult to forecast due to high volatility, some analysts look at fundamental factors and technological developments to make educated guesses on potential future price ranges.

This article will provide an overview of some of the latest price predictions for SHIB from top market research firms like Benzinga, Cryptonewsz, Coin Price Forecast, Coin Gape, and others. We’ll analyze the rationale behind their forecasts and examine both the bullish and bearish cases for Shiba Inu’s price outlook. Whether you’re a current SHIB investor or just getting interested in the memecoin, understanding these price predictions can provide valuable perspective on where experts believe SHIB is headed next.

What is Shiba Inu?

Shiba Inu, launched in August 2020 on the Ethereum blockchain network, is a decentralized, community-driven cryptocurrency. It features the Shiba Inu hunting dog as its mascot and is often seen as an alternative to Dogecoin. The coin has gained traction on major crypto exchanges due to its enthusiastic community, meme culture, and endearing canine imagery.

History: Shiba Inu emerged as an experimental venture on the Ethereum blockchain, initiated by an anonymous figure or group known as “Ryoshi.” Its ascent to notoriety has been shaped by various factors, including market sentiment, overall crypto conditions, and the actions of significant holders referred to as “whales.”

Use Cases: The central application of Shiba Inu revolves around ShibaSwap, a decentralized exchange facilitating cryptocurrency trading. Additionally, the development team is actively exploring avenues to integrate its token into decentralized finance (DeFi) applications, potentially unlocking new utility for the token.

Investment Considerations: Like any cryptocurrency, investing in Shiba Inu carries inherent risks. Its price history has been influenced by external factors such as social media trends and celebrity endorsements. Nevertheless, some cryptocurrency experts anticipate continued price growth for Shiba Inu. Adopting a long-term perspective can help mitigate the emotional impact of short-term price fluctuations. Recognizing the speculative nature of cryptocurrencies also enables investors to approach their holdings with a balanced perspective.

Shiba Inu Price Prediction 2024

Below is a tabular overview of how will SHIB develop in the short-term (for the next 90 days), according to our prediction model:

Fundamentals

What does Shiba Inu have to offer the world? What’s its USP? Why should we support the project? These are supposed to be the fundamental drivers of a crypto’s price over time, but occasionally a token defies such analysis. Shiba Inu’s fundamentals need to be considered from a different angle.

Some key features and use cases of Shiba Inu include:

• SHIB Token – An ERC-20 token created as a parody of Dogecoin. It is used to purchase goods and services within the Shiba Inu ecosystem.
• Shibarium – A layer 2 solution for Ethereum focused on metaverse and gaming applications, which could strengthen the fundamentals of Shiba Inu’s tokens.
• Community Building – Shiba Inu was developed through decentralized community building, which its founder believes can create something stronger than a centralized team.
• Payment Token – SHIB can be used as a payment token. Some merchants like Newegg and AMC accept SHIB payments.
• Token Transfer – A primary use case is the ability to transfer SHIB tokens between different wallets.

Use case – Decentralization, Shibarium

The Shiba Inu coin serves various vital roles within its ecosystem. Primarily, it acts as a utility token, facilitating activities like staking, liquidity farming, and governance functions. Additionally, it is utilized for transactions in a growing number of businesses that accept cryptocurrency. Furthermore, the upcoming blockchain-based digital identity project associated with Shiba Inu is anticipated to offer a wide range of applications, all geared towards preserving decentralization, as outlined by the pseudonymous lead developer, Shytoshi Kusama.

Shibarium, a layer-2 blockchain network built on Ethereum for Shiba Inu, is engineered to address scalability and cost challenges that have afflicted Ethereum. This enhancement makes it more adaptable for various use cases, encompassing NFTs, metaverse, DeFi, and gaming. Notably, Shibarium aims to significantly diminish the expenses associated with transacting and interacting on the Ethereum Network. It achieves this by offloading a portion of computing tasks off-chain, aligning with the strategy of other prominent Layer 2 solutions. This bundling of multiple transactions for off-chain processing substantially eases the load on the network, culminating in swifter and more cost-effective transactions.

Tokenomics

• Current Price –                    0.00000 – sorry, ran out of decimals
• Market Cap –                      Over 5 billion dollars
• Ranking –                           16 (former top10 coin)
• Total Supply –                     1,000,000,000,000,000 SHIB (1 quadrillion)
• Circulating Supply –            394,796,000,000,000 SHIB (395 trillion)

Half of the tokens were sent, without his permission or knowledge, to Etheruem supremo Vitalik Buterin’s wallet, but he wanted nothing to do with this nonsense. It’s gratifying to know that at least some billionaires in crypto aren’t disingenuous narcissists.

Team

The Shiba Inu team constitutes a decentralized collective of developers, supporters, and enthusiasts. In August 2020, an anonymous individual or group operating under the pseudonym “Ryoshi” launched the project. The Shiba Inu ecosystem is community-driven, with the community assuming responsibility for the project’s vitality and prosperity.

The ShibArmy initiative sprang from a small group of dedicated individuals committed to showcasing the vibrancy, ecosystem, and potential of cryptocurrencies, particularly emphasizing the utility functions and growth prospects within the DeFi space of the Shiba Ecosystem. Leading the project is Shytoshi Kusama, a pseudonymous figure serving as the lead developer of Shiba Inu.

Socials

• Twitter – The @ShibainuCoin account has over 776k followers. It promotes SHIB and allows other crypto projects to engage the community.
• ShibaToken.com – The official SHIB website provides info on the ecosystem including SHIB token and ShibaSwap exchange. It also highlights the ShibArmy community initiative.
• Community Events – The SHIB community does social media campaigns, local meetups, and fosters partnerships.
• Woof Paper – The guiding principles of the SHIB ecosystem are in a “woof paper” on the website. It describes SHIB as a community-driven project where the ShibArmy leads development.

Community

If it was down to community size alone, Shiba Inu would be a bolt-on winner. However, having an enthusiastic army of followers is no guarantee of success. Just look at the England football team!

Here’s a typical selection of the comments on social media. You can see how deep their understanding of cryptography is in these posts. It’s very impressive.

• Facebook – “Hopefully will hit $10 next year!” – So it will be worth 5 quadrillion dollars? LOL
• Twitter – “ShibaArmy – WE ARE VICTORY” Woof, woof!”
• Discord – “TOP 10 SHIB Quotes From Celebrities! Earn 12-24% APY”
• Telegram – “GET READY FOR THE MOON Nothing we post here is financial advice.”

Like I say, very informative!

Shibarium

In May 2021, the anonymous creator of Shiba Inu, Ryoshi, proposed a layer 2 solution called Shibarium. Shibarium is a framework built on the Ethereum blockchain with the goal of increasing transaction speed and lowering costs in the Shiba Inu ecosystem. Shibarium was finally launched in August, 2023.

You can follow Shibarium’s recent stats here.

While Shibarium’s primary objective is to enhance the Shiba Inu platform and attract more utility, its long-term effects on SHIB’s price will ultimately depend on adoption and usage. If Shibarium gains popularity and successfully improves the blockchain technology behind SHIB, experts believe its value could rise substantially, possibly reaching $0.01 or more.

However, the future success of Shibarium relies heavily on whether it can attract developers to build dApps on top of it and everyday users to transact with it. The more activity and integration Shibarium achieves, the better the outlook for SHIB’s price in the long run. Either way, Shibarium represents an ambitious scaling solution that could have major implications for the future of SHIB and the overall Shiba Inu ecosystem.

Exchanges & wallet support

Metamask is Shiba Inu’s wallet recommendation if you want to remain decentralized. From there you can swap your ETH for SHIB on SushiSwap and ShibaSwap.

There are several SHIB markets on the major centralized exchanges, such as. Binance, Huobi, Hotbit, Kucoin, Poloniex, and OKEx. The most liquid exchange is LBank, but I have never heard of them and confidence is low, according to Coin Market Cap. Binance, Hotbit, and Huobi hold a good proportion of the liquidity.

Market price prediction

Several market analysts have offered predictions on where Shiba Inu’s price could be headed in 2023 and beyond:

• Benzinga believes SHIB will trade within a range of $0.0000176 to $0.0000230 in 2024.
• Cryptonewsz estimates SHIB will trade between a minimum of $0.0000220 and a maximum of $0.0000091 next year.
• Coin Price Forecast predicts SHIB could increase 34% to $0.00001143 by end of 2024. Coin Gape forecasts a 26.5% rise to $0.0000105.
• Traders Union expects SHIB to reach $0.000009471 by 2025, $0.000014394 by 2030, and $0.000020118 by 2033.

SHIB Price Prediction 2025 

Our prediction model sees Shiba Inu reaching $0.0000 in 2025.

What will SHIB be worth in 5 years?

The price of Shiba Inu in 5 years could lie around $0, according to CaptainAltcoin’s prediction model.

Shiba Inu Price Prediction 2030 – 2040

What SHIBA INU will be worth in 2030?

Our forecasting model sees SHIBA INU reaching $0 in 2030.

What SHIBA INU will be worth in 2040?

Our forecasting model sees SHIBA INU reaching $0 in 2040.

Will SHIBA INU replace / surpass / overtake Bitcoin?

No, SHIBA INU will not replace or overtake BTC.

Can SHIBA INU reach $0.10?

No, our prediction model sees no possibility for SHIBA INU to reach $0.10 in the short or mid-term period.

Can SHIBA INU reach $1?

No, our prediction model sees no possibility for SHIBA INU to reach $1 in the short or mid-term period.

Can SHIBA INU reach $10?

No, our prediction model sees no possibility for SHIBA INU to reach $10 in the short or mid-term period.

Can SHIBA INU reach $100?

No, our prediction model sees no possibility for SHIBA INU to reach $100 in the short or mid-term period.

How high will SHIBA INU go?

Our forecasting model sees SHIBA INU price crashing and dropping to near 0 in a distanced future.

Is SHIBA INU worth buying?

We do not see a bright future for SHIBA INU. It is worth buying only as a short-term speculation with a good exit strategy. SHIBA INU is not a good long-term hold.

Is SHIBA INU a good investment?

SHIBA INU is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.

Can SHIBA INU make you a millionaire?

No, SHIBA INU can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.

How much will SHIBA INU be worth?

For the short-term future, it could reach $0.0000. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.

Why will SHIBA INU succeed and go up in price?

SHIBA INU has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents SHIBA INU to succeed and rise in price for the long-term.

What is the short-term prediction for SHIBA INU?

SHIBA INU will reach $0.0000 in the next 90 days, which is a 7.3% change over the current price which hovers around $0.0000.

SHIBA INU Price Prediction Today - What will be the price of SHIBA INU tomorrow?

SHIBA INU will hover around $0.0000 tomorrow.

Can SHIBA INU explode?

Yes, our algorithm sees SHIBA INU taking off and skyrocketing in 2022 with an increase of 18.8% over the current price.

Could SHIBA INU crash and go to zero?

SHIBA INU could very well be a dead project in 5 years or so. Once exchanges delist it and people can't trade it, you can call it a day - SHIBA INU will be in a graveyard of crypto coins.

What will be the price of SHIBA INU in 10 years?

SHIBA INU price in 10 years will hover between $0 and $0.

SHIBA INU Price Prediction 2023 - What will SHIBA INU be worth in 2023?

SHIBA INU will reach $0.0000 in 2023, which is a 11.36% change over the current price.

SHIBA INU Price Prediction 2024 - What will SHIBA INU be worth in 2024?

SHIBA INU will reach $0.0000 in 2024, which is a 28.24% change over the current price.

SHIBA INU Price Prediction 2026 - What will SHIBA INU be worth in 2026?

SHIBA INU will reach $0 in 2026, which is a 100% change over the current price.

SHIBA INU Price Prediction 2027 - What will SHIBA INU be worth in 2027?

SHIBA INU will reach $0 in 2027, which is a 100% change over the current price.

SHIBA INU Price Prediction 2028 - What will SHIBA INU be worth in 2028?

SHIBA INU will reach $0 in 2028, which is a 100% change over the current price.

SHIBA INU Price Prediction 2029 - What will SHIBA INU be worth in 2029?

SHIBA INU will reach $0 in 2029, which is a 100% change over the current price.

SHIBA INU Price Prediction 2050 - What will SHIBA INU be worth in 2050?

SHIBA INU will reach $0 in 2050, which is a 100% change over the current price.

Summing it all up

Predictions for Shiba Inu’s price in Q4 2023 and beyond vary widely among analysts. Some see potential for steady, incremental growth up to $0.00002 or more if factors like the Shibarium layer 2 solution gain strong adoption. Others remain skeptical of SHIB’s fundamentals and view even current price levels as unsustainably high based on the token’s lack of real-world utility.

Much depends on whether the fervent community around Shiba Inu can drive meaningful development and usage of the ecosystem. If the current hype and speculation fizzle out without stronger underlying technology and applications materializing, SHIB could fade back into obscurity. Its massive token supply also presents a major challenge for significant price appreciation.

While short-term traders may profit from SHIB’s volatility, fundamental investors should approach with caution. Meme-based cryptocurrencies carry higher risk given the emotional investor dynamics at play. As with any crypto, it’s critical to research thoroughly, avoid overexposure, and remain realistic about potential gains for a token like SHIB with such long odds stacked against it. While exciting for some, Shiba Inu’s chances of life-changing returns seem more akin to a lottery ticket than a sound investment strategy.

Also, you might want to check out other price predictions:

• Pepe Price Prediction
• Dogecoin (DOGE) Price Prediction
• Solana (SOL) Price Prediction 2024 – 2030
• KardiaChain (KAI) Price Prediction 2024 – 2030
• Future Forecast For Yearn Finance (YFI) Price
• Future Forecast For Hathor Network (HTR) Price
• Mirror Protocol Price Prediction 2024 – 2030
• Sushiswap (SUSHI) Price Prediction 2024 – 2030