Shiba Inu (SHIB) Price Prediction 2024, 2025, 2030 — Will SHIB Reach $1 in 2024?

Abstract:

• WhSHIBer or not Shiba Inu reach $1 remains to be seen. To reach 1 cent, Shiba Inu would have to increase in price by a factor of 1111. Assuming a 50% burn rate and continuing with the current development plans, SHIB can reach $1 in 31 years.
• Will SHIB reach $1 in 2025? No, the Shiba Inu will not become a dime in value by 2025.
• By 2030, Will SHIB reach $1? No, the Shiba Inu population will not hit one percent by 2030.

Launched in 2020, Shiba Inu is a meme coin that surged to prominence in 2021 during the bull market. The token’s market worth peaked in 2021 at $32.84 billion. Although it fell sharply from this valuation, SHIB‘s early 2024 ascent up the charts allowed it to regain a market cap of about $20 billion, placing it in 10th place according to CoinMarketCap.

But the Shiba Inu team has shown tenacity, putting in place a number of upgrades that have transformed the meme coin from mediocre to a thriving ecosystem. This Shiba Inu price projection estimates the SHIB price in the range of 2024–2030 while accounting for a number of factors, including community, tokenomics, utility, and the larger crypto market.

What is Shiba Inu (SHIB)?

To poke fun at Dogecoin, the decentralised currency Shiba Inu (SHIB) was developed. The overall quantity is capped at one quadrillion tokens, with the first half going to those who already own ETH, Ethereum’s native currency. The market capitalisation of all cryptocurrencies is used to rank them, and Shiba Inu is now in the top 30.

The Shiba Inu project gets its name from the well-known Shiba Inu breed of dogs in Japan. The cryptocurrency’s logo similarly features a Shiba Inu dog, however in comic form. Shiba Inu’s founders intended for the token to be used for virtual gratuities to web-based workers. Shiba Inu can be transferred utilising the same channels as Ethereum and other currencies built on the Ethereum blockchain. One of the many “meme coins” that have recently become popular is the Shiba Inu. Dogecoin, which was intended as a joke, and SafeMoon, which was designed as a “deflationary” currency, are two others.

Shiba Inu (SHIB) Overview

Cryptocurrency	Shiba Inu
Token	SHIB
Price	$ 0.000024036687 -8.80%
Rank	14
Market Cap	$ 14.2B
24H Trading Volume	$ 3.3B
All-time High	$ 0.000088190200
All-time Low	$ 0.000000000056
24 High	$ 0.000026457331
24 Low	$ 0.000023792700
Cycle High	$ 0.000045007800 / 2024-03-05 02:10:00
Cycle Low	$ 0.000005820900 / 2023-06-10 04:35:00
Update Time	2024-12-19 09:45:55

 

Shiba Inu (SHIB) Price Performance

Shiba Inu (SHIB) Technical Analysis

All financial markets use moving averages (MA), a well-liked indicator that smoothes price movement over a predetermined period of time. Since they are a trailing indication, past price activity has an impact on them. The simple moving average (SMA) and exponential moving average (EMA) are the two forms of moving averages shown in the table below.

Date Calculated:2024-12-18

Shiba Inu (SHIB) Price Prediction for Today, Tomorrow and Next Week

Shiba Inu (SHIB) Price Prediction for 2025-2050

Shiba Inu (SHIB) Price Prediction 2024

With the release of the Shibarium layer-2 network on August 28th, the Shiba Inu developers have successfully transformed the project from a meme coin into a functioning ecosystem.

The Shiba Inu ecosystem is home to a number of tokens, including SHIB, BONE, and LEASH. These tokens, together with PFP and the collections of metaverse land NFTs, contribute to the ecosystem’s value by providing governance and utility, and they also serve to ensure SHIB’s longevity.

The Shiba Inu ecosystem already has a number of decentralized applications (dApps) live, such as the ShibaSwap DEX, the Shiboshis NFT collection, Shib the Metaverse, the Shiba Eternity P2E game, and the Shibarium layer-2 for Ethereum.

You may see that Shiba Inu has better plans for future utility and is developing at a faster rate than Dogecoin just by reading our price estimate. The Shiba Inu is commonly known as the “Dogecoin killer” for a significant portion of this reason.

The health of the market as a whole is our primary worry when projecting 2024 Shiba Inu prices. Speculative assets, such as meme coins, are the ones that take the most hit when the market crashes, even if the Bitcoin Halving is scheduled for April 2024 and the markets appear to have been swept up in meme frenzy at the beginning of 2024.

In light of the foregoing, we have arrived at a favorable Shiba Inu price prediction: SHIB will achieve a maximum of $0.000048, a minimum of $0.000010, and an average of $0.000032.

Shiba Inu (SHIB) Price Prediction 2025

At the moment, Shibarium—Ethereum’s layer two scaling solution—is the most talked-about thing among Shiba Inu users. With the layer two solution, users can conduct transactions on a chain that is compatible with Ethereum, but with significantly lower fees.

Meme coins stand out from other cryptocurrencies because to their incredibly active and supportive community. It wouldn’t be surprised if Shiba Inu rocketed to the top of Ethereum’s layer-2 projects if it could tap into its community on the Shibarium network.

There is a lot of potential for SHIB to grow in the next years, given that its present market cap of around $20 billion is only 60% of its ATH market cap of $32.84 billion. Because the Bitcoin Halving-induced bull run, if it happens, should peak in 2025, we may assume that 2025 might be a banner year for SHIB.

Our Shiba Inu price forecast takes this into consideration, projecting a bull market high of around $0.000150, a possible low of $0.000030, and an average price of $0.000080 by the conclusion of 2025.

Shiba Inu (SHIB)  Price Prediction 2030

The expected completion of Ethereum’s “danksharding” integration is in the year 2030. To put it simply, the goal is to drastically cut transaction fees, enhance the user experience, and make the network more scalable by integrating layer-2 networks into Ethereum.

With the Shiba Inu team’s continued high-quality project development and Shibarium’s potential to become a prominent layer-2 project, SHIB might reach new heights by 2030.

But a major problem with Shiba Inus right now is that their value is largely dependent on community opinion and conjecture rather than their true worth. If the Shiba Inu ecosystem doesn’t start giving its holders real value by 2030, the meme coin idea might be dead and these factors that drive prices would fizzle out.

Users have been much more careful since the relaunch of Shibarium, despite the fact that the initial launch saw a lot of interest (and the amount of traffic was the reason the bridge stalled). Despite the creation of about 65,000 accounts, the number of active accounts is now quite low, ranging from 500 to 700. Whether the network keeps expanding is an open question.

Prior to Shibarium, the ShibaSwap DEX was one of the primary selling points of Shiba Inu. Nevertheless, according to DeFiLama’s ranking of Ethereum DeFi protocols, this is now languishing at #106. Despite its low TVL, ShibaSwap is a well-known DeFi protocol, since it currently sits at #7 if the list is arranged by 24-hour trading volume.

Despite its $20 billion valuation, Shiba Inu’s products are not yet in demand, despite its marketing claims of offering utility. If SHIB wants to be a top cryptocurrency in the long run, its utility as a whole needs to grow and take center stage in the crypto market.

We project a range of $0.000100 to $0.000320 for Shiba Inu prices by 2030, with an average of $0.000140, if our prediction of increased ecosystem usage comes to fruition.

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

Is a dollar enough for a Shiba Inu? I highly doubt it. A clue to the question’s solution is the total amount of tokens. Let’s take a look at the SHIB token supply and figure out why.

Starting with one quadrillion tokens, SHIB made its debut. In contrast, the United States owes about $35 trillion. If the initial supply of SHIB holds, one dollar may pay out the US national debt roughly 29 times over.

But Vitalik Buterin burnt through about half of the initial supply, and the Shiba Inu community is busily burning tokens as well. There are currently 589.27 trillion SHIB tokens in circulation, which is the same as when this article was written. By using the present supply of SHIB at $1, the US debt could be paid off roughly seventeen times over.

The current market valuation of Shiba Inu is $9.57 billion. If SHIB’s market cap were to rise to approximately $600 trillion, then it would approach $1. With a market valuation of $1.3 trillion, Bitcoin is the most valuable cryptocurrency. The current market cap of Bitcoin is 460 times larger than SHIB, which would put its value at $2.41 trillion, or about 250 times that of the total cryptocurrency industry.

You can’t get $1 SHIB. How tall, though, are Shiba Inus? Is a cent a Shiba Inu coin possible? That might make more sense.

The current price of SHIB is $0.00001627. Due to the token’s low price and consequently awkward handling, certain trading sites, such as eToro, sell SHIB by the thousand.

A 615-fold rise in SHIB’s present value would be required to get it down to $0.01. After the price of Shiba Inu surged in March 2024, SHIB has performed better than Bitcoin on the 1-year chart.

Despite SHIB’s +82.39% rise over the last year, $1 SHIB still doesn’t appear possible anytime soon. Despite SHIB’s meteoric 8,766,010% first-year growth—which created millionaires out of little investors—such performance is highly improbable given the market cap needed.

Will Shiba Inu Coin Reach $1? Triggers

The enormous token supply and the larger-than-Bitcoin market cap that accompany SHIB provide challenges to achieving a $1 aim, as does the fact that a significant portion of the supply has already been burned.

The project does, however, provide investors in Shiba Inu with some cause for confidence. It all started with a meme coin, but now there’s a thriving ecosystem where you can make yield with your tokens and use its own blockchain.

The Shiba Eternity Game’s Success

The Shiba Inu project’s debut mobile game is Shiba Eternity. Speculation about the game has begun to build as the number of players increases. It helps people and has great reviews in app stores like Apple’s and Google Play. The supply of SHIB is burned with five percent of the game’s income, which might help raise Shiba Inu.

New additions are expected to enhance gameplay in this game, which is still under active development. By improving both awareness and the burn rate for SHIB tokens, Shiba Eternity is good for the community at large.

Progress on ShibaSwap

One way to trade on the Shibarium blockchain is through the ShibaSwap app, which acts as a DEX. On the other hand, the DEX provides supplementary features. Staking extra tokens within the Shiba Inu ecosystem and bridging tokens to and from the Shibarium platform.

The “Bury” component of Shiba Inu’s staking system pays out in ETH, SHIB, and a unique governance token called BONE. Proposals regarding the Shiba Inu ecosystem can be voted on by holders of BONE.

Another Shiba Inu token, LEASH, provides access to special benefits. Some of the previous benefits have included being able to mine Shiboshi NFTs before anyone else, being able to buy land in the future metaverse project before anyone else, and getting better BONE incentives for liquidity providers on the ShibaSwap.

Burns of Tokens

The act of sending tokens to an untraceable wallet address that no one controls is known as “burning” tokens. There will never be any more of these tokens. In order to decrease the supply, the project and the community both take part in the burning of SHIB tokens.

According to recent research, the number of tokens burned can reach 30 million on peak days. But because the burn rate is unpredictable, it’s hard to say how long it will take to burn a lot of SHIB.

In an effort to get Binance to burn 1% of SHIB trading fees daily, the Shiba Inu community has established a petition on Change.org. SHIB’s market value and investor interest might be boosted by this method, considering Binance’s history of token burns, such as LUNC.

While burning does help, it will take a while before SHIB reaches its $1 aim. But it might be the key that unlocks the door to the Shiba Inu community’s sought $0.01 goal. While some token burns are initiated by members of the community, others are the consequence of events occurring on the Shibarium Layer-2 network.

Enhanced Scalability using Novel Layer-3 Approach

Shibarium is a second-layer blockchain that incorporates security features from Ethereum. After taking place on Shibarium, transactions are forwarded to Ethereum, where a proof-of-stake validator network with a strength of 100 million ensures their security. Speed and reduced transaction costs are two benefits of layer-2 networks.

On the other hand, the Shiba Inu group is also developing a Layer-3 system. Additional speed and cost reductions are possible with layer-3 blockchains, with transaction fees frequently falling to pennies or less. Like Shibarium’s BONE token, this new network will be governed by the TREAT token.

By utilising fully homomorphic encryption (FHE), the proposed network can execute calculations on encrypted data without requiring the decryption of the input data, hence enhancing privacy. In order to create the new blockchain, Shiba Inu has already amassed $12 million.

Will Shiba Inu Coin Reach $1? Obstacles

Significant token burns—possibly as high as 99 percent or more—are necessary to attain the $1 target. On the other hand, SHIB’s present trade prices leave space for growth. Limited utility and supply-related market capitalisation constraints are two of the difficulties Shiba Inu encounters.

Massive Supply: 589 Trillion In Coins In Use

With 589 trillion tokens in circulation, SHIB faces the formidable task of eliminating the leading zeroes from its current pricing. Getting your hands on the first one is easy; all it takes is a 10x to remove the leading zero from the pricing. Given the supply, it gets more difficult after that. Although the project and community are burning tokens, the comparatively low quantity of tokens burned each day makes the road ahead seem long. Less than 5 million tokens are burned on a daily basis.

Absence of Utility and Demand

In the conventional financial sector, SHIB is not as often used for transactions as BTC or even ETH. Approximately 15,000 companies across the globe now take Bitcoin. Nevertheless, just around 938 companies across the globe take SHIB as payment, according to statistics from Cryptwerk.

Lack of intrinsic value

Concerns over SHIB’s perceived intrinsic value are common among cryptocurrencies. Despite its current usefulness on the Shibarium blockchain, some investors still doubt Shiba Inu’s worth due to its past as a meme coin. Therefore, price movements are frequently a reflection of the ups and downs in market sentiment.

Nevertheless, in an attempt to challenge SHIB’s reputation as a meme coin, the Shibarium blockchain and the forthcoming Layer-3 blockchain have been introduced. Staking, NFTs, and Shiba Inu’s forthcoming metaverse project are all addition initiatives and incentives that aim to increase the SHIB token’s utility and build a rewarding ecosystem.

Limited Capacity in the Market

If SHIB wants to reach $0.01 (or $1, if you’re an optimist) its supply is its largest obstacle. Although the $0.01 target may be reachable with sufficient token burn and increased utility, the present supply makes the market cap at these levels impossible. With the present supply, the market valuation for $1 SHIB is $589 trillion. The US GDP for 2023 was $27.94 trillion, just to give you an idea. The present market size of Bitcoin is approximately $1.3 trillion, in comparison to other cryptocurrency assets, and SHIB’s anticipated market cap at $1.

Will Shiba Inu Coin Reach $1 by 2030?

The supply of SHIB is still the biggest roadblock to $1. It would be necessary to drastically decrease the quantity of tokens. There are 589.52 trillion SHIB in circulation at the moment. If all of them were burned, the market cap would be $5.8952 trillion, much higher than Bitcoin’s present market cap of $1.3 trillion.

Alternatively, we can examine some realistic Shiba Inu price forecasts that can be achieved with cautious token burning.

Based on our research, the SHIB trading range is significantly smaller than $1—maybe even $0.01—but it still points to substantial returns for 2030:

• Low price: $0.000027 (+64.43%)
• Average price: $0.00003 (+82.70%)
• High price: $0.000033 (+100.97%)

The amount of tokens in circulation makes it improbable that SHIB will hit $1, regardless of the year 2030 or 2050. Despite the community’s best efforts, it’s quite unlikely that all tokens will be burnt.

A market size below $6 trillion would need a 99% reduction in supply. There is a good chance that the value of a dollar will have decreased by the year 2050. Nevertheless, not even in 2050 will SHIB reach $1 at the present burn rate.

Let’s take a look at the Shiba Inu price forecasts for a few important years ahead, all the way up to 2034. The industry is always evolving, so it’s hard to make accurate price predictions more than twenty years in the future, which is why we didn’t go as far as 2050.

Will Shiba Inu Coin Reach 1 Cent?

Under ideal conditions, a $0.01 target could be achievable. A market valuation of $5.89 trillion would be achieved with a $0.01 SHIB price, taking into account the present supply of around 589 trillion tokens. Both market assets are anticipated to rise in value, and if burn attempts persist, a $0.01 could be closer to goal, but it’s still unlikely that SHIB would surpass Bitcoin’s market size.

We do not see SHIB reaching a value of $0.01 in our Shiba Inu price prediction. On the other hand, by 2034, Shiba Inu might reach a potentially high aim of $0.000036. This goal might be affected by the SHIB token’s utility increasing or by burn rates that are dramatically higher than expected.

Will Shiba Inu Go Up?

The price of SHIB plummeted after a spectacular 2020 and 2021 run, eventually levelling out between $0.00001 and $0.00002. For months now, it has been quite stable at this price point, with very little volatility. But in the last year or two, it has been quietly working on initiatives, releasing new goods including shirts, a magazine, games, and its own metaverse. The infrastructure is big enough to accommodate growth, although these projects have mostly been supported by the active members of the community.

Its ecosystem is now sufficiently developed to contribute to a rise in the price of SHIB, although this is highly dependent on external factors.

If, for instance, the cryptocurrency market experiences another bull run, Shiba Inu’s product line may see an influx of new customers. Due to this factor, the cost can go up.

Is SHIB a Good Investment?

The truth is, we don’t know yet if Shiba will be a worthwhile investment. The SHIB token has many advantages over Dogecoin, which is limited to a single feature and survives primarily on its notoriety, as was discussed above. It’s debatable, though, whether or not its extra features are sufficient to compete with the more “serious” initiatives.

Shiba is promising in many ways. It has the same brand recognition and cultural relevance as successful previous tokens. The project’s creators seem dedicated to taking their innovative idea farther into the DeFi sector, which is exciting.

All things considered, Shiba is a desirable addition to any cryptocurrency investor’s portfolio, as it offers a viable alternative to Bitcoin and Ethereum by operating in a separate market.

Shiba is a great option if you’re looking to invest in the cryptocurrency payment space but haven’t done so before. We believe it will remain one of the most important initiatives in the sector, and the price of SHIB appears likely to grow in the next years, but you should investigate all of your options before making a final decision.

The fact remains, though, that investing in SHIBA is a riskier proposition than, say, Cardano or Binance Coin. Like with any investment, a stake in SHIB should only be acquired as part of a balanced portfolio.

SHIB’s ridiculously cheap token pricing makes it easy to buy a respectable quantity with very little outlay.

Conclusion

In a decade, will the value of Shiba Inu coin reach $1? Are Shiba Inus capable of reaching $1? Given the present supply of over 589 trillion tokens, the prospect of achieving $1 appears insurmountable. On the other hand, it seems more reasonable to aim for a Shiba Inu pricing of $0.01 cents.

It will take a lot more token burns and increased SHIB token utility to get to $0.01 from where it is now. Although these goals are now out of reach, we anticipate strong performance from SHIB in the next years as long as the Shiba Inu development team keeps implementing its vision for the Shiba Inu ecosystem.

FAQs

1.Is SHIB a good investment?

Investors have been pleasantly delighted by the high returns on their SHIB token investments. Several investors have taken notice of the SHIB token since Elon Musk has spoken positively of it, dubbing it the “Dogecoin Killer” for its potential as a meme coin. Our recommendation for investors is that they should always do their homework.

2.Can Shiba Inu coin reach $1 in the future?

No. Shiba Inu’s market capitalisation would need to be $589 trillion in order for it to trade at $1. In contrast, the market capitalisation of Bitcoin is currently only $1.3 trillion.

3.How much time will it take Shiba Inu to reach one cent?

Owing to the abundance of supplies, we do not anticipate Shiba Inu to reach one cent. According to our Shiba Inu price forecast, by 2034 the SHIB price might rise as high as $0.000036.

4.What is the maximum height that a Shiba Inu can reach?

Our study indicates that SHIB could go as high as $0.000036 by 2034 in our Shiba Inu price forecast.

5. Could Shiba Inu do better than other meme coins?

Shiba Inu has the ability to perform better than many other meme coins because of its wider ecology. Staking for yields, a planned Layer-3 blockchain, and a Layer-2 blockchain are all provided by the Shiba Inu project. Shiba Inu is also creating games and a metaverse, the latter of which will be fueled by SHIB tokens.

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