Shiba Inu Future Price Prediction 2023 to 2030

Shiba Inu Future Price Prediction 2023 to 2030

Shiba Inu is a meme coin that launched in 2020 and exploded into the public eye during the last bull market. The token reached a staggering $44 billion market cap in 2021 but has lost much value.

However, the Shiba Inu team has proved resilient, implementing countless improvements to the project, taking Shiba Inu from an average meme coin to a thriving DeFi ecosystem. This Shiba Inu price prediction forecasts the SHIB price between 2023-2030, looking at its utility, tokenomics, community, and much more.

What is Shiba Inu, and What is it Used For?

Shiba Inu began as a meme coin and an “experiment in decentralized spontaneous community building,” as its whitepaper said.

Following its creation, Shiba Inu flourished into an ecosystem targeted towards DeFi, gaming, and metaverse. However, the latest rendition of the ecosystem, Shibarium, is an Ethereum layer two scaling solution focused on blockchain infrastructure.

The project’s token, SHIB, is the utility token to the ecosystem, granting access to exclusive perks. It is used for liquidity on the Shibaswap DEX and will likely be used to pay gas fees on Shibarium.
Read more about: What Is Cryptocurrency? A Beginner’s Guide

Shiba Inu Overview

Cryptocurrency Shiba Inu
Ticker Symbol SHIB
Rank 17
Price $0.000007226
Price Change 24H 2.16%
Market Cap $4,262,889,127
Circulating Supply 589,590,871,312,039 SHIB
Trading Volume 24H $112M
All Time High $0.00008845
All Time Low $0.00000000008165

What Influences the Price of Shiba Inu

Although SHIB is a utility token, it derives most of its value from being a meme coin. The project has a colossal community of over 1.2 million holders, yet the ShibaSwap DEX has just $22.5 million TVL.

Similarly to Shibarium, Shib The Metaverse is still unreleased. This shows that there currently needs to be more utility-driven demand for the SHIB token.

The apparent price influencer on Shiba Inu is speculation. Investors will buy SHIB when they speculate the price will increase and sell when they believe it has topped out. Hype and community also play a significant role in speculation since the hype starts to build; investors fear missing out (FOMO) and rush to buy the coin.

Another influence on the price of SHIB is staking. When users stake Shiba Inu tokens, known as “burying,” they provide liquidity to Shiba Inu liquidity pools. The entire amount of Shiba Inu was minted at its launch, so instead of being rewarded with SHIB, users are rewarded with the BONE governance token.

Essentially, this dries up the available amount of SHIB on the market, and because users are rewarded with BONE, it protects SHIB from excess sell pressure. In other words, staking reduces the available supply of SHIB, reducing sell pressure and helping boost the token’s price.

Price Prediction Summary of Shiba Inu

Shiba Inu was launched as an ERC-20 token in August 2020. In October 2021, SHIB reached its all-time high (ATH) of $0.00008845. And the current Shiba Inu price is $0.000008236. According to our Shiba Inu price prediction, the price will reach an average price of $0.00001038 by the end of 2023. Our 2025 Shiba forecast estimates a price of $0.00005456.

Year Minimum Price Average Price Maximum Price
2023 $0.000005086 $0.00001038 $0.000015686
2024 $0.000015686 $0.00001925 $0.0000228260
2025 $0.000040301 $0.00005456 $0.000068832
2030 $0.000033 $0.0000665 $0.0001

History of Shiba Inu Price

Shiba Inu Price Chart - coincodex

Shiba Inu launched in August 2020 with an initial price of $0.000000001009, according to CoinCodex. The price was first pumped in May 2021, reaching $0.00003791. SHIB’s initial pump was caused by a 457% rise on May 10.

Following the first ATH, the price quickly corrected and consolidated around $0.0000065 to $0.000008 until September. However, Shiba Inu began to explode in September, climbing over 1200% in one month to its ATH of $0.00008845.

Since reaching its ATH, the SHIB price collapsed quickly, eventually finding support at $0.00000802. However, the recent saga regarding the SEC suing Binance and Coinbase has caused the price to break below the support.

Shiba Inu Price Chart up to 2024 - Trading View

The price then briefly touched its low of June 2021, followed by a recent bounce, as seen on the Shiba Inu price chart below.

The total Shiba Inu supply is 589,590,871,312,039 SHIB, and it currently has a $4,225,473,532 market cap.

Shiba Inu price history key points

  • Shiba Inu launched in April 2020 for a price of $0.000000001009.
  • On May 10, 2021, SHIB soared 457% in one day, reaching $0.00003791.
  • The price reached its ATH of $0.00008845 in October 2021.
  • Currently, Shiba Inu is priced at $0.000007169, -91% from its ATH.

Shiba Inu Price Prediction 2023

As mentioned, Shiba Inu is currently trading at a critical long-term level. Therefore, we expect the broader market conditions to play a significant role in the performance of SHIB this year. If the market performs well, we will see it bounce, but another leg down will cause Shiba Inu to break below the support, creating new lows.

However, despite the SEC’s crypto crackdown, the crypto market sentiment currently is bullish.

Firstly, Hong Kong recently opened the nation to crypto adoption, enabling retail investors to buy crypto on exchanges. In fact, in recent days, the Hong Kong government has been pushing banks to allow crypto transactions.

Also, the world’s largest asset manager, Blackrock, has applied to launch a Bitcoin exchange-traded fund (ETF). And has been acquiring the MicroStrategy MSTR stock.

Finally, the latest macroeconomic data from the US demonstrates that the economy is gradually recovering from inflation. The newest emergence was the Fed pausing rate hike increases; an apparent sign inflation is curbing.

Overall, these signs show that institutions and some governments are bullish on crypto and that the economy is improving, decreasing the chance of a further crash for crypto markets.

With this in mind, we expect Shiba Inu to bounce from its current level. However, with Bitcoin halving still 300 days away, a break above the recent trading zone seems unlikely. Instead, Shiba Inu will likely range for the rest of the year.

Shiba Inu Price Chart 2024 - Trading View

Therefore, our Shiba Inu price prediction estimates a possible low of $0.000005086, a high of $0.000015686, and an average price of $0.00001038 by the end of 2023.

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Month Potential Low Average Price Potential High
July 2023 $0.0000065 $0.0000071 $0.0000078
August 2023 $0.0000071 $0.0000078 $0.0000085
September 2023 $0.0000076 $0.0000083 $0.000009
October 2023 $0.0000065 $0.000009 $0.0000125
November 2023 $0.0000056 $0.0000098 $0.000014
December 2023 $0.000005086 $0.00001038 $0.000015686

Shiba Inu Price Prediction 2024

As mentioned, the Shiba Inu developers have taken the project from a meme coin to a thriving ecosystem.

In addition to SHIB, multiple other tokens, such as BONE and LEASH, are a part of the Shiba Inu ecosystem. These tokens bring extra value through governance, NFTs, and metaverse land, helping support the longevity of SHIB.

Moreover, they are also central to Shiba Inu’s dApps and products, which include a decentralized exchange (DEX) called ShibaSwap, the Shiboshis NFT collection, Shib The Metaverse, the Shiba Eternity P2E game, and most notably, the upcoming layer two project Shibarium.

If you read our Dogecoin price prediction, you will know that Dogecoin pales compared to Shiba Inu regarding ecosystem developments. To a large degree, this is why Shiba Inu is often dubbed the “Dogecoin killer.”

Considering this, we could witness an explosive breakout for Shiba Inu in 2024, particularly with the Shibarium layer two blockchains in the pipeline.

Our key concern regarding the price of Shiba Inu in 2024 is the broader market performance. While the Bitcoin halving is set to occur in April 2024 and macroeconomic factors are improving, it is also essential to consider the possibility of poor market conditions, which could significantly suppress the SHIB price.

With this in mind, our Shiba Inu price prediction estimates a possible high of $0.000022826, a possible low of $0.000015686, and an average price of $0.00001925.

Shiba Inu Price Prediction 2025

Currently, the leading cause of excitement in the Shiba Inu community is its Ethereum layer two scaling solution, Shibarium. The layer two solution means users can transact on an Ethereum-compatible chain but with much cheaper fees.

Interestingly, the Shibarium test network Puppynet, has recently surpassed 20 million transactions from 16 million wallets. With adoption already growing, plus developers will be able to easily port dApps from other Ethereum-compatible chains to Shiba Inu, we could see the ecosystem thrive in 2025.

The main benefit of meme coins is their strong community; if Shiba Inu can leverage its community on the Shibarium chain, we could quickly see it become one of the most prominent layer two projects.

With a current market cap of $8 billion, this could be significantly enhanced by adding a popular layer two project and other elements to the Shiba Inu project.

With this in mind, our Shiba Inu price prediction estimates a bull market peak price of around $0.000068832, with potential lows of $0.000040301 and an average price of $0.00005456 by the end of 2025.

Shiba Inu Price Prediction 2030

Looking ahead to 2030, we will likely see the integration on Ethereum of “dank sharding.” In simple terms, this will aim to fully integrate layer two networks into Ethereum to improve scalability and transaction fees.

If Shibarium can grow into one of the prominent layer two projects, and considering the vast range of other developments created by the Shiba Inu team, we could undoubtedly see SHIB gain new ATHs by 2030.

However, one of Shiba Inu’s issues is that much of its price is based on hype, community, and speculation rather than actual utility. By 2030, the Shiba Inu ecosystem must provide real-world value to holders; otherwise, its price might diminish.

Although the Shibarium test net has seen significant transaction volume so far, it remains to be seen whether this will carry over to the main network launch. Moreover, one of the main USPs of Shiba Inu before Shibarium was its ShibaSwap DEX.

However, ShibaSwap has a TVL of $22.5 million, according to DeFiLlama. Uniswap has a TVL of $3.85 billion despite having a market cap of less than 50% of Shiba Inu’s.

While it is marketed as providing utility, the demand for Shiba Inu’s products does not align with its $8 billion valuation. For SHIB to become one of the best long-term cryptos, the adoption of its products must increase.

Provided it succeeds in increasing ecosystem adoption, our Shiba Inu price prediction forecasts a maximum price of $0.0001, a minimum price of $0.000033, and an average price of $0.0000665 by the end of 2030.

Potential Lows and Highs of Shiba Inu Price

While Shiba Inu has already prevailed as one of the top meme coins, it is now making a run to become one of the best altcoins. Below, we have listed the potential lows and highs from our Shiba Inu forecast.

Year Minimum Price Maximum Price
2023 $0.000005086 $0.000015686
2024 $0.000015686 $0.000022826
2025 $0.000040301 $0.000068832
2030 $0.000033 $0.0001

What Do Other Analysts Predict For Shiba Inu

Whether Shiba Inu is one of the best coins for the next bull run is yet to be seen. However, we have summarized Shiba Inu price forecasts from other analysts below to understand the broader market sentiment better.

Could Wall Street Memes Pump Higher than Shiba Inu?

Tokens that capitalize on other tokens or trends have a pattern of being able to explode upon launch, provided that all of the market conditions are in place. Meme coins like Shiba Inu have proven that it is possible to create a long-term token based purely on the strength of the underlying movement.

So there is little reason that Wall Street Memes can’t follow in the footsteps of Shiba Inu despite not having fundamental utility value. After all, Shiba Inu was founded to “experiment in decentralized spontaneous community building,” precisely what Wall Street Memes aims to do.

In 2021, the surge in GameStop and AMC stocks’ bull run created a ripple effect in the financial world. This triggered the creation of a new trend in the crypto space: meme tokens. Wall St Bulls, known for their Ethereum NFTs, launched the Wall Street Memes token ($WSM) on May 26.

Their previous NFT success paved the way for Bitcoin NFTs and meme coins, aligning with top-performing crypto trends. Built on a one-million-strong follower base through their Ethereum NFT collection on OpenSea, the project has solid community backing.

$WSM raised $300k on day one and has now raised over $23 million in just a few weeks. Early buyers can grab the tokens for merely $0.0334 USDT. The project’s hard cap limit is $30,577,000.

Wall Street Memes - Login Page

Big names like Elon Musk have interacted with the Wall Street Memes Twitter posts. The $WSM token, supported by a robust community, could attract attention from exchanges like Binance.

Half the two-billion token supply is now in presale, with the entire amount eventually going to trades or community rewards. The token distribution is community-focused: 50% for presale, 30% for community, and 20% for exchange liquidity. This design reduces the risk of market flooding with team tokens, a problem seen with previous meme coins.

Meme coins present risks but can also offer huge upside potential. Platforms with solid community backing usually perform well over the long term. This strong community support may soon translate to listings on leading exchanges.

Wall Street Memes Page
Hard Cap $30,577,000
Total Tokens 2,000,000,000
Tokens available in presale 1,000,000,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase 100 tokens
Purchase with USDT, ETH, BNB, Bank Card

Conclusion

Overall, Shiba Inu has a strong community, excellent tokenomics, and a fantastic team building the project.

However, with a market cap of $8 billion, Shiba Inu has grown significantly, and many other projects could present better upside potential and more utility.

Shiba Inu is taking significant steps toward becoming the first all-encompassing meme coin ecosystem. This puts it at the top of the list of best meme coins, but the ecosystem has yet to generate much demand. Instead, people mostly buy SHIB due to its roots as a meme coin.

While this could change in the future, particularly with the emergence of Shibarium, it is essential to remember that Shiba Inu remains highly speculative and comes with risk.

FAQ's

Our SHIB price prediction estimates an average price of $0.00005456, potential highs of $0.000068832, and potential lows of $0.000040301
Based on our SHIB price forecast, the highest Shiba Inu price for 2030 will be $0.0001. Although there is scope for it to climb higher, $0.01 is unrealistic since it would make SHIB’s market cap too high.
According to our 2030 Shiba Inu price prediction, SHIB will reach an average price of $0.0000665 with potential highs of $0.0001 and lows of $0.000033 by the end of 2025.

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