In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial media are writing about it a lot. What is known about this cryptocurrency, and why is it called ‘the Dogecoin killer‘? In this article, we try to depict fully the current position of the new cryptocurrency on the market and what the future holds for it.
- Shiba Inu price today
- What Is the Shiba Inu Coin?
- Shiba Inu (SHIB) Market Predictions
- Shiba Inu Price Prediction for 2022
- Shiba Inu Price Prediction for March-June 2022
- Shiba Inu Price Prediction March 2022
- Shiba Inu Price Prediction April 2022
- Shiba Inu Price Prediction May 2022
- Shiba Inu Price Prediction for the End of 2022
- Shiba Inu Price Prediction for 2023
- Shiba Inu Price Prediction for 2025
- Shiba Inu Price Prediction in 5 Years
- Shiba Inu Price Prediction for 2030
- Should You Buy Shiba Inu Coin?
- Will Shiba Inu Coin Price Reach 1 Dollar?
- Is Shiba Inu Coin Real?
- Does Shiba Inu coin have a future?
Shiba Inu price today
What Is the Shiba Inu Coin?
Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. This decentralized meme token was created in August 2020 by Ryoshi — an anonymous person or a group of people. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin. In reality, however, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIB’s developers are aiming to solve serious, real-life problems.
SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. Before launch, developers transferred half of the digital coins to the Uniswap DEX and destroyed the keys. The other half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. He burned 90% of the SHIB tokens by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. The creators of the project had the following explanation:
Shiba Inu was the first project to follow this path. Everyone should buy coins on the open market, ensuring a fair and complete distribution, in which developers do not own the tokens and cannot dump them into the community.
In 2020, Buterin transferred more than 50 trillion Shiba Inu tokens to the India COVID-Crypto Relief fund. At the time of the transaction, they were worth about $1.14 billion. He also promised to donate the remaining Shiba Inu tokens to charity, but this time, to support longer-term initiatives.
As the project grows, the creators of Shiba Inu (SHIB) want to turn it into a full-fledged decentralized ecosystem and transfer 100% of rights to the community to manage the protocol without a governing body.
The Shiba Inu price history had a perfect start — in a few weeks of its existence, its price rose by 27,000%. Percentage-wise, it was an outstanding performance for the Shiba coin, but it’s important to mention that the token price did not reach even one-tenth of a cent.
According to data from CoinMarketCap, the price of Shiba Inu hit its all-time high of $0.00008 on October 28. This happened after SHIB was listed on several exchanges. SHIB also launched its own line of non-fungible Shiboshi NFT tokens. On the same day, SHIB’s market capitalization hit a record high of more than $34.29 billion. At the time of writing, Shiba Inu’s coin price is around $0.00002475, and the digital coin is listed #14 with a market cap of over $13 billion.
The SHIB token is available on several major exchanges: Binance, Coinbase, FTX, OKEx, and WazirX. The ecosystem also hosts a decentralized exchange called Shiba Swap, launched at the same time as the native Shiba token. But the most convenient and by far the most popular way to buy SHIB is through the Binance Exchange. This is a two-step crypto-to-crypto transfer where you need to exchange another coin to Binance Smart Chain and then to Shiba Inu cryptocurrency. However, one of the most convenient and safest ways to buy SHIB is the token purchase on the Changelly PRO trading platform.
It is important to mention that our team at Changelly and Changelly PRO strives to keep our platform up-to-date and provide users with the latest offers in the crypto market. That is why you’ll receive the most recent updates on Shiba Inu’s value and can seamlessly exchange the Shiba token for over 200 cryptocurrencies available on instant crypto exchange Changelly. Another great addition is that you can also trade SHIB for BTC on our full-featured cryptocurrency exchange, Changelly PRO.
Shiba Inu (SHIB) Market Predictions
As we mentioned, the world started seeing headlines like “Shiba Inu price prediction 2022” that were calling it a good investment after SHIB joined Binance.
The Shiba Inu price dynamics have been crazy last year. The SHIB coin skyrocketed in May in a very short period of time. However, it didn’t succeed at keeping its position. But then came June; the coin made headlines again.
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If you want to trade Shiba Inu (SHIB) at its upper price, perhaps it’s not too late. Let’s move on to Shiba Inu price predictions year by year to determine whether now is still a good time to buy or sell this “Dogecoin killer”.
Shiba Inu Price Prediction for 2022
After the Shiba Inu coin showed an increase in price in 2021, the meme coin fell by more than 60% compared to its all-time high in October last year. Despite this fact, Wallet Investor’s experts believe that the coin gives bullish signals for 2022 and may even reach its past ATH.
Several large “whales” have recently purchased SHIB coins, taking advantage of the drop in its price. The interest of holders in the coin may indicate an increase in its price in the future.
Shiba Inu Price Prediction for March-June 2022
Due to the increasing popularity of cryptocurrencies all over the world, SHIB may also catch a lot of attention. As we know, it is the demand for cryptocurrency that determines its market capitalization and, consequently, its exchange rate. In the first half of 2022, Shiba Inu’s average price may be around $0.000053.
According to the Shiba Inu prediction provided by Digital Coin Price, its future price might reach $0.000023 by the end of March. By June, the SHIB coin price might arrive at $0.0000317. According to Wallet Investor, the long-term earning potential of SHIB is over +115% in one year. It seems like the Shiba Inu coin could be a good investment in 2022.
Shiba Inu Price Prediction March 2022
Most crypto experts are confident that SHIB could rise in the long-term perspective since there is still optimism that it will attract more attention from investors. For March 2022, an average rate of $0.0000284 and a minimum of $0.0000149 are projected. The coin’s maximum trading value is expected to be around $0.00003 by the end of March 2022.
Shiba Inu Price Prediction April 2022
SHIB is projected to reach $0.0000311 at the beginning and $0.0000328 at the end of the month. The average Shiba Inu crypto rate for April could be $0.0000316. The maximum cost is expected at $0.0000461 per coin, and the minimum might be at $0.0000172. It is predicted that this crypto asset may grow by $0.0000032 or +11.4% in April 2022.
Shiba Inu Price Prediction May 2022
Shiba Inu coin price may reach an average of $0.0000329 at the beginning of May 2022. By the end of the month, the price will come close to $0.0000362. The minimum price will be $0.00002, and the maximum might reach roughly $0.0000489.
Digitalcoinprice.com predicts an average price of $0.0000321 with a change of 40.58%.
Shiba Inu Price Prediction for the End of 2022
The Shiba Inu forecast for the second half of 2022 is similar to what we’ve just discussed, minus the big spike. The average value for Shiba Inu coin might be around $0.00005. By the end of 2022, Shiba Inu may already grow in the vibrant ecosystem it strives to be. According to their roadmap, 2022 is also when they plan to launch the Shiba Inu Incubator and the Shiba Inu Reward system. According to Wallet Investor, the long-term earning potential is over +115% in one year. It seems like Shiba Inu coin could be a good investment in 2022.
Shiba Inu Price Prediction for 2023
For our 2023 Shiba Inu prediction, we’ll be looking at data presented by Gov Capital. They are very optimistic and predict a positive trend for this crypto asset throughout the year.
Shiba Inu’s price might even make a massive bull run and reach $0.00015 mid-year and an impressive ~$0.00023 by the end of 2023.
It is vital to understand that SHIB token price, just like the price of any other crypto assets, is incredibly volatile, and is often influenced by unpredictable factors, such as Elon Musk’s tweets, the appearance of new coins, or extreme market fluctuations. Please, always do your own research before investing in any cryptocurrency.
Shiba Inu Price Prediction for 2025
SHIB’s price may plunge to the lowest possible level of $0.0003 in 2025. At the same time, according to the cryptocurrency price prediction index, the coin could reach the highest possible level of $0.00071, with an expected average price of $0.00067 by the end of the year.
In 2025, the price of Shiba Inu (SHIB) might be $0.000180, and according to some analysts, the bull run might lead to $0.000727.
Shiba Inu Price Prediction in 5 Years
According to a Shiba Inu price prediction by Coin Price Forecast, the token’s price might be $0.000108 (+333% from the current price), while trading education believes that SHIB will reach $0.00021 by December 2027.
Shiba Inu Price Prediction for 2030
Many Shiba Inu cryptocurrency market analysts do not make long-term forecasts because there are many unpredictable factors that can affect the price of Shiba Inu in the long term. However, it’s still possible to make a Shiba Inu price forecast for 2030; you just need to take it with a bit of skepticism.
According to a Shiba Inu price prediction by Coin Price Forecast, the token’s price might be $0.000128 (+490% from the current price), while trading education believes that SHIB will reach $0.00273634 by December 2030. At that point, the market cap of Shiba Inu needs to be at least $50 billion.
Should You Buy Shiba Inu Coin?
According to Shiba Inu price predictions we’ve analyzed, it can be a good investment. The growth potential is over 100% for the next few years. However, it’s better to buy Shiba Inu in moderate amounts because the project hasn’t yet established its real-world value.
Keep in mind that information about the Shiba Inu coin is given for informational purposes only. Knowing an approximate SHIB price is helpful, but as with any coin, you need to make your own analysis of the price action. Before making any investment decisions, always do your own research beyond just looking at the Shiba Inu forecast.
In addition to its native token, the Shiba Inu ecosystem also hosts LEASH and BONE, which you can buy on the official website. Make sure you dig up enough information about these coins because they are far less known than Shiba Inu.
Will Shiba Inu Coin Price Reach 1 Dollar?
If Shiba Inu (SHIB) maintains its current level of growth, it won’t be able to reach $1 in the near future. Our Shiba Inu price prediction has a more realistic outlook. Still, even without $1, you can buy Shiba Inu and find it to be a fantastic investment opportunity.
But when in the crypto market, never say never in any price prediction. Who knows if Elon Musk will post another promotional Tweet for his favorite meme coin and if Shiba tokens will see massive gains shortly after. What’s more realistic, though, is Shiba Inu taking over Dogecoin. Shiba Inu has the advantage of having a lower supply.
Is Shiba Inu Coin Real?
There is no doubt that the Shiba Inu coin is real and can be traded. If you want to get SHIBA, the best place to get it is an instant cryptocurrency exchange Changelly, which allows you to swap SHIBA to a wide range of 200+ cryptocurrencies. In case of any questions, do not hesitate to contact our Support Center!
Does Shiba Inu coin have a future?
Most experts agree that the Shiba Inu token has a future, as it has active support from the community. If the Shiba Inu price continues to rise at its current rate, it will be an incredibly worthwhile investment. Also, Elon Musk’s mentions of the meme coin on Twitter helps SHIB stay on the radar.
Buy Shiba Inu now on Changelly.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.