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Imagine throwing $8,000 into a speculative investment, only to return several months later to see a balance of over $5.7 billion. While this may seem impossible and unrealistic, this is a true story, made possible by the astronomical rise of Shiba Inu (SHIB). SHIB, a cryptocurrency token that was created in August 2020, gained massive popularity in 2021 thanks to the bullish momentum in the cryptocurrency market and the influence of social media hype..
After its massive run-up, SHIB has cooled off a bit, leaving many investors wondering what the future holds for this volatile digital asset. However, with the help of artificial intelligence (AI), here are some SHIB price predictions for where Shiba Inu could trade in the coming years and decades.
Shiba Inu (SHIB) Price Prediction Table
Here is a table of price predictions for Shiba Inu.
| Year | Average Price* | Percent Increase |
|---|---|---|
| 2024 | $0.0000281 | -% |
| 2025 | $0.0000389 | 38.43% |
| 2026 | $0.0000373 | -4.11% |
| 2027 | $0.0000497 | 33.24% |
| 2028 | $0.0000716 | 44.06% |
| 2029 | $0.000103 | 43.85% |
| 2030 | $0.000146 | 41.75% |
| 2031 | $0.000210 | 43.84% |
| 2032 | $0.000317 | 50.95% |
| 2033 | $0.000458 | 44.48% |
| 2040 | $0.00593 | 1194.76% |
| 2050 | $0.0120 | 102.36% |
What Is Shiba Inu?
Started in 2020, Shiba Inu is a meme coin project that was hoping to ride some of the hype of its major predecessor, Dogecoin (DOGE). However, the token quickly rose to prominence and the creators decided to see how they could take the project to the next level. The rise was driven by online attention from the likes of Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk. The token is built on the Ethereum chain, using the ERC-20 token standard.
Initially, the token was only meant to be used as a form of payment. Users could send SHIB tokens to each other or hold them as an investment. However, the huge popularity of the token brought about new opportunities for growth and expansion.
The creators of SHIB eventually released a decentralized exchange (DEX) and an NFT project involving the token. These projects attracted even more users and continued to propel the token higher.
These projects helped SHIB differentiate itself from other meme coins, which are widely considered parodies or inside jokes rather than digital products with real utility.
Will Shiba Inu Go Up?
After a meteoric rise in 2020 and 2021, SHIB fell quite a bit, settling around the $0.00001 - $0.00002 mark. It has hovered around this price level for several months and has become much less volatile. However, it has slowly been cooking up projects over the past year or so, with new products such as its own metaverse, games, a magazine and merchandise. While these projects have been most popular among active community members, the infrastructure is large enough to support growth.
While it has the ecosystem built out enough to help increase the price of SHIB, an outside event will likely have to occur for this to happen.
For example, if there is another crypto bull market, new users could enter the crypto space and begin using Shiba Inu’s products. This circumstance could cause the price to increase.
Will Shiba Inu Go Past All-Time Highs?
At its peak, SHIB had a price of $0.00008845, with a market capitalization of around $43 billion, which was achieved in October 2021. For the price to reach new all-time highs (ATHs), it would have to appreciate more than 258%. While this is not impossible and has been done before, it would require a large amount of buying activity to reach a new ATH.
Shiba Inu Market Position
In early March 2024, SHIB has a market cap of $21.16 billion. In terms of price, it has been trading around $0.00001 - $0.00002 for the past 19 or so months, or since June 2022. As of Nov. 21, 2024, SHIB is trading at around $0.0000247, which is approximately 72% below ATH, and has a market cap of over $14.53 billion, making it the 12th largest cryptocurrency.
Bullish Long-Term Price Prediction for Shiba Inu
FXStreet used a variety of technical indicators to predict that the price of SHIB could appreciate as much as 10% in the coming months. It points out a small slide in price in the beginning of 2024 that could leave SHIB primed for a price reversal. In particular, it mentioned that the Relative Strength Index (RSI) and the Awesome Oscillator point towards an optimistic outlook for SHIB.
Bearish Long-Term Price Prediction for Shiba Inu
Forbes quotes Conotoxia analyst Grzegorz Drozdz for a SHIB bear case. Drozdz believes that the meme coin space constantly has new entrants, which could overtake SHIB if it cannot evolve. New tokens like Bonk (BONK) and Pepecoin (PEPE) could potentially take away market share from SHIB and cause its price to go down.
Changelly’s Bullish Long-Term Price Prediction for Shiba Inu
Changelly has a useful price prediction tool that can be used to predict the future prices of Shiba Inu and many other digital assets. It uses AI and market research to come up with a wide range of forecasts. Changelly suggests that Shiba Inu’s price should increase over the next few years, but not without risk.
Historical performance does not predict future performance. Prediction tools can be useful, but they are rarely accurate, especially for longer-term predictions. For a more thorough prediction, it is important to consider historical price performance and the macroeconomic backdrop, among other factors.
Shiba Inu (SHIB) Price Prediction for 2024
Based on Shiba Inu's past price history, Changelly predicts that the minimum price of SHIB in 2024 may be about $0.0000183, with a maximum expected price of around $0.0000523 and an average trading price of $0.0000353. This indicates a potential return on investment of around 96.1% based on the current prices. Binance has a close SHIB price prediction and sees the coin could trade at a maximum price of $0.000025 in 2024.
Shiba Inu (SHIB) Price Prediction for 2025
Changelly has an optimistic outlook on Shiba Inu by the end of 2025. The minimum SHIB price is predicted at $0.0000126 in 2025, while its maximum price could be $0.0000526. Changelly expects it to trade at about $0.0000326 on average. From current prices, this would be nearly a 32% ROI. CoinCodex's 2025 SHIB price prediction also looks good, with the coin expected to be trading at a maximum price of $0.000106.
Shiba Inu (SHIB) Price Prediction for 2030
Changelly predicts Shiba Inu could be traded for at least $0.000163, with a possible maximum of $0.000201. As a result, on average, you could expect the SHIB price to be around $0.000169 in 2030, which would yield a return of 584%. AMBCrypto sees a more bullish 2030 forecast for SHIB at an average price of $0.000058 while CoinGape predicts the token to reach a potential high of $0.000174.
Shiba Inu (SHIB) Price Prediction for 2050
Though 2050 may seem like a long way away, Changelly is still able to offer a prediction for the price of SHIB. However, this prediction should be taken with a grain of salt, as it is over 25 years in the future.
Changelly sees SHIB trading for a minimum of $0.0127, a maximum of $0.0148. Changelly sees a 2050 SHIB price forecast of $0.0132, on average, while PricePrediction.net has a less bullish price forecast at an average of $0.0129. CoinCodex has a more conservative 2050 SHIB price prediction at $0.000666.
Where to Buy Shiba Inu
SHIB is a popular token, so it is available on a variety of crypto trading platforms.
How Long Will It Take for SHIB to Reach ATHs?
While there is no telling if or when SHIB will reach new ATHs, there are several ways in which it could get there. First, a bull market could send lots of tokens, including SHIB, to new highs. As seen in 2020-2021, where many cryptocurrencies performed very well and reached new highs. A bull market usually takes a while to develop.
The other way SHIB could reach new highs would be through an idiosyncratic event. For example, if a prominent celebrity posts about SHIB or whales begin loading up on the currency, the price could appreciate to new highs. An event like this, if large enough, could send SHIB to new heights very quickly.
Where to Store Shiba Inu Safely
Crypto wallets differ from exchanges in that they function as a decentralized place to store crypto instead of trading it. You can choose from multiple forms of virtual wallets. While having a cryptocurrency wallet is not a necessity to purchase SHIB, it can increase the security of your assets.
Best Hardware Wallet: Ledger
- Best For:ERC-20 tokensVIEW PROS & CONS:securely through Ledger Hardware Wallet's website
Ledger is a hardware wallet that is easy to use and supports the sending and receiving of many currencies. Once you have purchased a Ledger hardware wallet, you download its software onto your computer and create an account. You’ll be assigned a wallet address (typically a long string of letters and numbers), and then you can send and receive crypto through the wallet. Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money while software wallets are typically free.
Best Software Wallet: ZenGo
ZenGo is a wallet that allows you to store, send and buy cryptocurrencies. When you open a ZenGo account, you will be assigned an Ethereum wallet address, and you can add other tokens via the wallet’s interface. The platform is secure, using two-factor authentication to prevent hacks.
ZenGo is a free software wallet that supports hundreds of tokens. It also supports ACH and credit transfers, something other software wallets do not currently offer.
Current Crypto Prices
Despite a small decline in price following the approval of spot ETFs, Bitcoin has rebounded strongly, now nearing $100,000, and reached a new all-time high of $99,014.21 on Nov. 22, 2024. With several other potential catalysts coming up in the near future, many are eagerly awaiting to see where the price of Bitcoin and other tokens will go in the coming months.
Is SHIB Worth Buying?
On the surface, SHIB does not have much value outside of facilitating payments. However, a strong community has propelled the token to new heights over the past several years. If you are willing to stomach the risks associated with such a project, SHIB could potentially be a profitable investment. However, it is important to understand your risk tolerance and financial goals before investing.
Frequently Asked Questions
What will Shiba Inu be worth in 2040?
In 2040, Changelly predicts that the average price of SHIB could be $0.0105 while Coingape sees the token to trade at an average of $0.00593.
Is SHIB a good investment?
SHIB is inherently risky and extremely volatile. However, if you can time it correctly, the volatility could translate into profits.
Will Shiba Inu coin reach 25 cents?
Likely not. At that price, the market capitalization would be nearly $150 trillion, nearly seven times the size of the New York Stock Exchange (NYSE).
What will Shiba Inu be worth in 2025?
Changelly predicts that the average price of SHIB could be around $0.0000526 in 2025. PricePrediction.net sees the token to trade for around $0.000028. Binance has a slightly less bullish price forecast at $0.000026.
Does SHIB Coin have a future?
The future of Shiba Inu (SHIB) is uncertain and is influenced by various factors. Like other digital assets, community support is crucial for its success, but its value is also impacted by the highly volatile market.
About Caden Pok
Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.