Shiba Inu ($SHIB) Price Prediction 2024 – 2030

Shiba Inu staged a remarkable comeback from the crypto winter, exploding more than 500% in March 2024, but has since given up a significant portion of its gains. That’s left investors wondering whether the world’s 2nd-largest meme coin has more steam left in it or whether investors have moved onto newer tokens.

In our Shiba Inu price prediction, we’ll dive deep into $SHIB and forecast this meme coin’s potential future from 2024-2030.

• 
• Shiba Inu
  (SHIB)
• Price
  $0.000018
• Market Cap
  $10.55 B

Shiba Inu Price Prediction 2024, 2025, 2030

Just want the key findings from our Shiba Inu price prediction? Here’s a quick summary of our forecast for 2024, 2025, and 2030:

• End of 2024 – We predict Shiba Inu will hold steady around its current price of $0.000017 as it establishes technical support.
• End of 2025 – We expect Shiba Inu to benefit from the crypto bull market in 2025 and clearer crypto regulations. We predict an average $SHIB price of $0.000031.
• End of 2030 – We anticipate continued growth in the Shiba Inu ecosystem will steadily deliver gains for $SHIB. We predict an average price of $0.00032 at the end of the decade.

Shiba Inu Price Prediction 2024

2024 was the year that the Shiba Inu cryptocurrency broke out of its doldrums and began generating excitement among investors once again. The $SHIB token was one of the biggest winners of the meme coin frenzy on Solana, even though Shiba Inu isn’t associated with Solana at all.

In March, $SHIB rocketed more than 500% to an average trading price of $0.000036. It’s since fallen to the current price of $0.000017 as of October 11, 2024, reflecting the weaker demand for $SHIB than in the last crypto bull run of 2021.

However, technical analysis indicates that $SHIB’s price decline is likely at an end, and the token is now consolidating gains.

Over the past month of trading, $SHIB has established a strong support/resistance zone around $0.0000140. It’s fallen below this level several times, but this week experienced a sustained breakout on news that the US Federal Reserve is lowering interest rates. That’s expected to send capital flowing into the crypto market, which helps to explain the price surge that was seen not only in $SHIB but across all major crypto tokens.

$SHIB faces additional resistance around $0.0000153, so we think it is unlikely that the token will rise above this price level before the end of the year. We predict an average price of $0.000017 for the remainder of the year, setting $SHIB up for potentially bigger gains in 2025.

Shiba Inu Price Prediction 2025

2025 is expected to kick off the next crypto bull run, with BItcoin potentially rising from its current price of $61,189.63 to as high as $200,000. A gain of that magnitude in the world’s largest cryptocurrency would send a jolt through the rest of the cryptocurrency market, likely carrying meme coins like $SHIB along with it.

Investors are likely to remember how $SHIB performed during the last bull run, when it exploded more than 175,000% to an all-time high of $0.000088. That could bring many investors back to $SHIB with the hope that this meme coin has another millionaire-making run in it.

This time around, the Shiba Inu coin also has a lot more utility behind it. The Shiba Inu team has been hard at work building the Shibarium ecosystem, which now includes an Ethereum Layer-2 blockchain, token swap, metaverse, play-to-earn games, and more.

We don’t think Shibarium can compete with other top Layer-2 networks. However, this development makes the $SHIB token more valuable and can help attract users to buy Shiba Inu over other dog-themed meme coins like $DOGE, $WIF, and $BONK. That reduces one of the biggest risks for $SHIB—that investors pass over this mature meme coin in favor of newer, more explosive coins.

Another tailwind that could push Shiba Inu higher is that crypto regulations are likely to get a lot clearer in 2025. Both US presidential candidates say they support crypto, and the US Congress is aiming to pass crypto legislation by the end of 2024. New regulations could make it easier for companies to accept $SHIB for payments or even hold it on their balance sheet as investments.

Considering all of this, we predict an average $SHIB price of $0.000031 in 2025. This prediction indicates a return of 85.50% from today’s price.

Shiba Inu Price Forecast Long Term Outlook – 2026-2030 Predictions

Shiba Inu’s future beyond 2025 depends largely on the success of the ecosystem it has developed. Transactions on the Shibarium Layer-2, gaming in the Shib Metaverse, and trading on ShibaSwap are expected to be major drivers of value for the $SHIB token over this period.

The good news for Shiba Inu in this regard is that analysts expect crypto adoption to grow rapidly in the second half of the decade, growing the pie for all major crypto ecosystems. The bad news for Shiba Inu is that we think Shibarium is likely to be outcompeted by alternative Layer-2 networks and standalone blockchains, such as Arbitrum, TON Network, Tron, and Solana. These networks are not only faster than Shiba Inu, but have more developers and more momentum behind them.

Shiba Inu has an opportunity to break through if it can make the Shib Metaverse a success. This is an area of the crypto market that largely fell by the wayside during the crypto winter, but still has huge potential to draw investment if Shiba Inu can develop a platform people are excited to use. We don’t think Shiba Inu is likely to dominate this sector, but it represents a possible avenue for $SHIB to see enormous price growth in the future.

Considering both Shiba Inu’s potential for growth and the risk of competition from alternative blockchains, we predict an average price of $0.00032 for $SHIB in 2030.

Our Shiba Inu Price Prediction Methodology

Our $SHIB price forecast is based on a combination of technical and fundamental analysis. We primarily used technical analysis for our prediction for the remainder of 2024, using support and resistance analysis to identify likely price levels for $SHIB.

We relied more heavily on fundamental analysis for our 2025-2030 price prediction. We considered not only Shiba Inu’s standing in the meme coin market, but also the competitiveness of the Shibarium Layer-2 network compared to other Layer-1 and Layer-2 blockchains. We also took a broader look at expected crypto market growth, which is likely to benefit $SHIB even if it’s not the primary ecosystem that new investors flock to.

Shiba Inu Price History

Shiba Inu’s $SHIB meme coin was launched in August 2020 by an anonymous founder named Ryoshi. It initially traded at a price of $0.000000001009, vanishingly small since the meme coin market at the time was dominated by Dogecoin.

$SHIB jumped around 100x in February-March 2021, bringing attention to the token and earning it the nickname ‘Doge killer.’ Then, in late April 2021, Elon Musk hyped Dogecoin and took $SHIB along with it—the token exploded more than 50,000% to a high of $0.000038. The price quickly fell, but excitement around $SHIB remained and the token rocketed even higher in October 20201. It reached an all-time high of $0.000088 and has a current market cap of $10.06B.

Shiba Inu’s price collapsed after the all-time high, falling to a low around $0.0000065 during the depths of the crypto winter in 2022-2023. The winter ended abruptly for $SHIB in March 2024, when the token jumped more than 500% to a price of $0.000036. Since then, the price of $SHIB has steadily fallen, and it trades at $0.000017 as of October 11, 2024. Shiba Inu now has a market capitalization of $10.06B.

What Is Shiba Inu?

Shiba Inu began as a decentralized, fully community-owned meme coin and competitor to Dogecoin. It was fully a meme coin with no utility when it pumped in 2021.

However, over the past few years, Shiba Inu has become more than just a meme coin. A team formed around the token to build an ecosystem that includes a token swap called ShibaSwap and a Layer-2 blockchain called Shibarium. The Shibarium network powers a metaverse, play-to-earn games, digital identities, and more.

Shiba Inu Use Cases

The $SHIB token started as a meme coin, but it now has utility in the Shibarium ecosystem. Let’s take a closer look at what $SHIB is used for.

• Speculation: $SHIB is still a major meme coin, and it’s frequently bought and sold by crypto traders looking for short-term price gains.
• Transactions on Shibarium: $SHIB is used to pay for transactions on the Shibarium Layer-2 network. A portion of $SHIB paid for each transaction is burned, keeping the token supply from becoming overly inflated.
• Staking: $SHIB can be staked to the Shibarium Layer-2 network to help validate transactions on the blockchain. Stakers earn additional $SHIB tokens, making $SHIB one of the best crypto staking coins.

What Drives the Price of Shiba Inu?

The price of the $SHIB token is driven by a variety of factors, some of them macroeconomic and others specific to the Shiba Inu ecosystem. Here are some of the most important factors we considered in our $SHIB token price prediction.

• Shibarium network growth: The $SHIB token is used to pay for transactions on the Shibarium network, so demand for $SHIB is expected to increase as more people use this Layer-2. Transactions also burn some of the $SHIB supply, which further drives up the token’s price.
• $SHIB staking rewards: High APYs for $SHIB staking encourage investors to buy $SHIB and hold it for the long term, increasing demand and keeping supply off the market.
• Meme coin trends: $SHIB’s price often follows trends in the meme coin market, and the token faces competition from new meme coins like $WIF and $BONK.
• Crypto market conditions: Growth in the broader crypto market is likely to benefit $SHIB as a large-cap token, especially as new investors try out crypto for the first time and join the Shiba Inu ecosystem.

Is Shiba Inu a Buy?

Our Shiba Inu price prediction suggests that $SHIB is one of the best meme coins to buy today. We forecast $SHIB to deliver a return of 85.50% in 2025 and a return of 1,775.54% by the end of the decade.

Shiba Inu not only remains one of the most popular meme coins, but it’s also shown an ability to build with the launch of Shibarium. This Layer-2 ecosystem may not be the dominant scaling network for Ethereum, but it creates utility for $SHIB and incentivizes new users to join the Shiba Inu community. This is a major differentiator from other meme coins, which are more volatile because of fluctuations in meme trends over time.

Check out our video on How to Buy Shiba Inu in 2 Minutes if you want to get your hands on some:

Still, investors should keep in mind that $SHIB is already one of the largest cryptos by market cap, so it’s unlikely to deliver millionaire-making gains again like it did in 2021. This token represents an investment in an incumbent crypto rather than a high-risk bet on an up-and-coming coin.

Conclusion

Our Shiba Inu price prediction indicates that the $SHIB token has the potential to climb to a price of $0.00032 by the end of the decade. It’s not likely to be the most explosive token of the next crypto bull run, but it has potential to be a reliable investment that delivers steady returns.

Investors who are more interested in 100x opportunities will need to look for emerging tokens that haven’t yet pumped like $SHIB did in 2021. Check out our guide to the best cryptocurrencies to buy now to find the highest potential coins of the next crypto bull market.

References

• Federal Reserve signals end to inflation fight with a sizable half-point rate cut (AP)
• Bitcoin will reach $200,000 in 2025, report says (TheStreet)
• Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth (CoinDesk)
• Lawmakers say crypto legislation could come by year-end (Axios)
• Elon Musk tweeted. Dogecoin surged more than 50% (CNN)

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