Best cryptocurrency exchange to buy Shiba Inu Coin - Bybit
The past two years have proven to be some of the most crucial times for all the big cryptocurrencies. During the 'hot and cold' phase of all the most dominant cryptos, the Shiba Inu (SHIB) coin has had great growth opportunities.
Although the current value of this coin is incomparable to the more significant coins, the Shiba Inu coin has found a way to stay in the spotlight for the past two years. After years of maintaining itself as an outstanding choice for crypto investors, this coin is now progressing as a valuable currency.
If you're not familiar with the Shiba Inu coin and its predictions, you're at the right place. This article covers all you need to know about Shiba Inu and its value in the upcoming years.
For a Shib coin to have a price of $0.01, it must have a market capitalization more than $5.89 trillion. This means that the value of the shiba inu should be several times higher than the value of bitcoin, which does not seem likely in the coming years.
What do you get for staking SHIB?
You can earn an APR ranging from 3% to 5% by staking SHIB.
How did the SHIB community help boost the price?
The SHIB community coordinated efforts to buy up coins and burn them, helping reduce supply. A substantial portion of SHIB burned in 2021 came from Ethereum creator Vitalik Buterin. He destroyed 410.24 trillion SHIB, which he had received during the token's launch. This amount represented 50% of SHIB's total supply. After subtracting Buterin's contribution, the community burned approximately 180 billion SHIB.
If Dogecoin reached over $0.80, why couldn't SHIB reach $0.01?
While possible, it’s highly unlikely as SHIB’s circulation supply is much higher, making the market cap needed extremely high.
Has SHIB's developer made efforts to improve fundamentals?
Yes, projects like the ShibaSwap dex and Burn Portal aim to add utility and reduce circulation supply.
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Shiba Inu, created in August 2020, is a decentralized cryptocurrency developed as an experiment by the anonymous Ryoshi. Unfortunately, due to the similar logos of the Japanese dog, people mistake SHIB for Dogecoin quite often. So instead, Shiba Inu takes Dogecoin as a rival, calling itself the "Dogecoin killer."
Like many other cryptocurrencies, Shiba Inu runs on the blockchain, which simply tracks all the crypto coins and transactions. It was built on the Ethereum Blockchain Network since it is one of the safest and most advanced platforms. The Shiba Inu coin was created as an altcoin of Dogecoin, already an altcoin of Bitcoin.
One of the main reasons SHIB gained popularity in the crypto exchanges was through memes and rivalry with Dogecoin. What's impressive is that it has already taken over quite a few Dogecoin markets.
A few factors that influence the per token price of SHIB include important news, FED monetary cycles, and the crypto cycle.
Of course, important news influences crypto prices greatly. For example, most of SHIB's popularity comes from its rivalry with Dogecoin. Since both coins have the same Japanese dog as their logo, SHIB's prices increase simply by being the new Dogecoin Killer.
In October 2012, Tesla CEO Elon Musk tweeted about SHIB, making the coin's price skyrocket to an all-time high.
A crypto cycle refers to the stages of a cryptocurrency coin between its peaks and lows. As a result, the coin's prices go up and down in different cycle stages, influencing its rate overall.
FED decisions are one of the main factors that affect crypto prices. For example, if the FED raises rates to get inflation under control, these increased rates could play out in cryptocurrency. As a result, the rates of crypto get higher.
According to the Traders Union price prediction Shiba Inu (SHIB) could reach $0.000068477 by 2030. By the end of 2033, the coin could reach $0.000105207.
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2024 | $0.000027007 | $0.000029010 |
| 2025 | $0.000031163 | $0.000033475 |
| 2026 | $0.000035958 | $0.000038626 |
| 2027 | $0.000041492 | $0.000044571 |
| 2028 | $0.000047877 | $0.000051430 |
| 2029 | $0.000055246 | $0.000059345 |
| 2030 | $0.000063748 | $0.000068477 |
| 2031 | $0.00007356 | $0.000079016 |
| 2032 | $0.000084878 | $0.000091176 |
| 2033 | $0.000097940 | $0.000105207 |
| 2034 | $0.0001130129 | $0.0001213979 |
| 2035 | $0.0001304051 | $0.0001400804 |
The Traders Union has predicted that Shiba Inu's price could range anywhere between $0.000026423 and $0.000036822 in 2025.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $0.000026423 | $0.000029359 | $0.000032294 |
| February 2025 | $0.000026740 | $0.000029711 | $0.000032682 |
| March 2025 | $0.000027061 | $0.000030067 | $0.00003307 |
| April 2025 | $0.000027385 | $0.000030428 | $0.000033471 |
| May 2025 | $0.000027714 | $0.000030793 | $0.000033872 |
| June 2025 | $0.000028046 | $0.000031163 | $0.00003428 |
| July 2025 | $0.00002838 | $0.000031537 | $0.000034690 |
| August 2025 | $0.000028724 | $0.000031915 | $0.000035107 |
| September 2025 | $0.000029068 | $0.000032298 | $0.000035528 |
| October 2025 | $0.000029417 | $0.000032686 | $0.000035954 |
| November 2025 | $0.000029770 | $0.000033078 | $0.000036386 |
| December 2025 | $0.000030127 | $0.000033475 | $0.000036822 |
Experts don’t predict that Shiba Inu can reach one cent due to multiple reasons. First, for SHIB to reach $0.01, its market cap would have to reach trillions of dollars. This means Shiba Inu would need to be multiple times Bitcoin's worth, which doesn't seem probable in the coming years.
To explain the concept better, it's worth noting that Shiba Inu's market cap would have to be roughly $5.89 trillion to reach one cent per token.
According to TU the SHIB can reach only $0.000068477 in 2030.
Shiba Inu can't reach $1 for multiple reasons. First, to accomplish a $1 token price, SHIB would have to be worth $589.7 trillion! That is 6.3 times the global gross domestic product. But, of course, reaching that number is virtually impossible for SHIB; therefore, Shiba Inu will never reach $1.
All cryptocurrencies are volatile, so you must invest in them at your discretion. The prices can drop or skyrocket without any notice, so we recommend starting with a smaller investment to gauge SHIB's performance.
Shiba Inu is known to be riskier than most cryptocurrencies, which is why you must be careful while investing your money into it. Since SHIB is a meme coin, its value mostly comes from investor enthusiasm instead of other, more formal factors.
Once investors lose interest in the meme coin, its prices could drop tremendously, sending your investment down the drain. Madeline Hume, a senior research analyst at Morningstar, details that she wouldn't describe the purchase of a SHIB token as an investment.
Shiba Inu faces competition from other meme-based and dog-themed coins that vie for investor attention and could siphon away buying pressure. Dogecoin remains the largest rival as the original dog meme coin, however, some others have also gained ground.
As SHIB was largely inspired by Dogecoin, it considers DOGE its main competitor. While Shiba Inu community's efforts to "dethrone the Doge" have gained traction, Dogecoin's first mover advantage, wider merchant acceptance, and popularity keep it the higher market cap crypto meme coin for now. Major Dogecoin price movements or Elon Musk tweets can impact trading activity across the sector.
WIF is a meme coin that launched in late 2023. It features a Shiba Inu dog wearing a hat as its mascot. WIF has quickly gained popularity within the meme coin community due to its humorous concept and active social media presence.
Named after Elon Musk's Shiba Inu puppy, FLOKI has cultivated a strong online community. It has developed partnerships with professional soccer clubs and sponsors events like crypto conferences. Floki Inu aims to be more than just a meme by building NFT and decentralized apps on its blockchain. It has also conducted token burns to reduce supply. These active marketing and development efforts have helped FLOKI reach a top 100 market cap ranking, drawing investments that may have otherwise gone to SHIB.
Shiba Inu has broken many records in the crypto industry, such as defeating its rival meme coin, Dogecoin. However, the coin's massive circulating supply makes it impossible for the token price to ever reach $1 or even one cent!
If you want to invest in SHIB, you must do it at your discretion, as the coin has a volatile history. However, if you want to trade SHIB coins safely, Coinbase, Kraken, Binance, OKX, Bybit are the best exchanges to do so.
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Statistical tools that allow experts to evaluate the probability of an event that may influence the prices of cryptocurrencies.
Individual features of a cryptocurrency startup and its competitiveness: number of tokens in free circulation, restriction of emission, potential usefulness of the startup for the society, roadmap and development plans of the startup, potential vulnerability of the startup’s blockchain, examples of hacks, failures in the entire history of cryptocurrency existence, capitalization dynamics compared to key competitors, share of major coin holders and other subjective factors.
Note:
This price prediction is based on current information and historical data. Strong fundamental factors capable of radically changing the overall situation in the cryptocurrency markets, impacting the prices of certain cryptocurrencies and subsequently changing the price trend, may appear in the future. The price predictions are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
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