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Shiba Inu Price Prediction 2023 – 2025 – 2030 – Will Shiba Inu Ever Reach $0.10?

Torsten Hartmann

August 16, 2023

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 2023 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 (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi.” It operates on the Ethereum blockchain, offering the safety and functionality of that platform. The Shiba Inu ecosystem includes developers, investors, businesses, and users who work together to create value.Dogecoin is the original meme coin, so why does Shiba Inu need to exist, you may wonder.

Shiba Inu Price Prediction 2023

I predict the price will settle somewhere between nothing and almost nothing. Any dollar price that starts with five decimal zeros is effectively already zero. Put it another way – things that I can buy for 15,000 a buck are not things that I want to own. If I do own billions of something, I should be rich.

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

A “Doge-Killer” seems to be the inventor’s quoted intention. Quite why anybody would want to kill a Doge, I’m not sure. Mind you, if enough folks pour their stimmy cheques into Shiba Inu, there’s a great deal of money to be made for the owners. After careful consideration of the evidence, it seems there are three obvious use cases.

The first is to relieve unsuspecting newbie crypto fans of their hard-earned cash. The second is to make off into the sunset with said cash. And the third is to cover their tracks by having a good laugh while achieving the first two.

They also claim to donate to a charity that rescues abandoned Shiba Inu dogs. This particular dog breed now costs around $2000 per puppy. I’m not sure how many are abandoned, but it seems very like donating to a charity for unloved Lambos. I’ve nothing against actual Shiba Inu dogs, or Lambos for that matter, but I’m not buying what they’re selling here.

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 ‘team’ is a guy who goes by the moniker “Ryoshi.” Seriously! She/He remains anonymous so we know nothing about her/his qualifications and achievements in the FinTech field. It looks like god-level marketing on the surface, but that’s the thing with memes. It’s impossible to predict what will go viral. If it wasn’t Shiba Inu that blew up, it would’ve been some equally delinquent meme coin.

Socials

• Twitter – The @ShibainuCoin account has over 1 million 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 2023.
• 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 2023. 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.

Shiba Inu price prediction 2025

Based on the data and arguments laid out above, a price of SHIB token in 2025 could be in the $00-$000 range. A long term reasonable estimate: ~$00.00

Shiba Inu price prediction 2030

There are a couple of laws of human progress that prevent us from thinking that Shiba Inu will be what its holders expect and hope it to be. Those are first mover advantage and consolidation and subsequent monopoly.

A first-mover advantage can be simply defined as a firm’s ability to be better off than its competitors as a result of being first to market in a new product category.

Monopoly is a situation in which a single company or group owns all or nearly all of the market for a given type of product or service.

Both of the phenomena we mention above speak in favor of Dogecoin (that is also a worthless piece of code) and we don’t think that will change in the mid- and long-term future.

We are still not sure if Shiba Inu and similar project do have a long-term future and SHIBA token could be worth ZERO in 2030 as the project might not exist by then.

Is Shiba Inu worth investing in?

Shiba Inu is a good investment for the short-term when the market is in the BULL run. Usually these types of newer projects do extraordinary well when the overall crypto market is in the green and they outperform other better known projects by a lot. However, make sure to exit them in time as they tend to do get a beating during ranging and bear market cycles.

Why will Shiba Inu succeed?

Because people are crazy and invest in things they don’t understand by blindly following trend-setters and hype Twitteratis.

Why will Shiba Inu fail?

Shiba Inu might fail because people will get a grip of themselves and see that this project has no utility or value whatsoever. It is just a meme coin made by smart marketing people to fill up their pockets with loads of money.

Will Shiba Inu reach 10 cents?

That is NOT within the real of possibility, even in the long term period.

Can Shiba Inu reach $1?

Shiba Inu will almost certainly NOT reach $1 in this universe, perhaps in some parallel dimension it can get to that level.

Is it possible for Shiba Inu to hit 1 cent?

While Shiba Inu reaching 1 cent is technically feasible with a substantial influx of capital, it would necessitate trillions in funding. This would imply major institutions and governments buying SHIB, a scenario that appears quite improbable according to benzinga.com.

Presently, the coin has an enormous amount of tokens in circulation (exceeding 549 trillion), making a valuation of one penny seem like a distant aspiration as per investmentu.com.

If Shiba Inu were to significantly ramp up its burn rate to diminish the circulating tokens and simultaneously enhance its adoption, then 1 cent might be attainable. Yet, unless there’s a substantial decrease in circulating tokens and a rise in adoption, the prospect of Shiba Inu hitting 1 cent remains doubtful investmentu.com.

Could Shiba Inu ever hit $1?

Achieving a $1 mark would pose an even greater hurdle for Shiba Inu, especially considering its vast circulating supply. If Shiba Inu were to reach $1, its market cap would surpass the entire global economy, a notion that’s far-fetched according to gamerevolution.com.

Is it feasible for Shiba Inu to attain 0.001, half a cent, or 10 cents? To achieve these milestones, Shiba Inu would need a drastic reduction in circulating tokens and a surge in its adoption rate. Based on current figures, even with a consistent 50% yearly price growth, Shiba Inu would need 16 years to touch 1 cent as stated by crowdwisdom.live.

Can Shiba Inu achieve 1 rs?

The equivalence of 1 Indian Rupee (1 rs) to Shiba Inu would be influenced by the Rupee-dollar exchange rate and Shiba Inu’s dollar value. Without specific exchange rate figures, predicting Shiba Inu’s potential to hit this mark is challenging.

What are the primary obstacles for Shiba Inu surpassing $0.00001?

Shiba Inu’s vast circulating supply, coupled with the imperative for substantial adoption and practical applications, are the principal challenges for it to surpass the $0.00001 mark. The coin’s supply inflation further complicates its journey to loftier valuations.

How many tokens must be incinerated for Shiba Inu to achieve $0.01/$0.10/$1?

To attain a $1 valuation, an astounding 99.9999% of the current 589 trillion tokens in circulation would have to be incinerated. To reach more modest price targets like $0.01 or $0.10, a large chunk of the circulating tokens would still need elimination.

What should be Shiba Inu’s market capitalization for it to attain prices such as $0.001, $0.01, $0.10, or $1?

For Shiba Inu to command a $1 price, its market capitalization would have to soar to a staggering $580 trillion, surpassing both global GDP and total worldwide wealth, rendering this price point virtually unattainable. To achieve more conservative price points like $0.001, $0.01, or $0.10, its market cap would still need to venture into the trillions, a scenario that appears improbable in light of today’s market environment.

Summing it all up

predictions for Shiba Inu’s price in 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:

• Dogecoin (DOGE) Price Prediction
• Solana (SOL) Price Prediction 2021 – 2030
• KardiaChain (KAI) Price Prediction 2021 – 2030
• Future Forecast For Yearn Finance (YFI) Price
• Future Forecast For Hathor Network (HTR) Price
• Mirror Protocol Price Prediction 2021 – 2030
• Sushiswap (SUSHI) Price Prediction 2021 – 2030