Shiba Inu Price Prediction, will SHIB’s price hit $0.0000042?
Shiba Inu’s price at the same time last week was $0.0000088. It has moved by 3.02% in the past week and is currently at $0.000009. Infact, in the past 24 hours, SHIB has dumped by -4.30%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SHIB could hit $0.000035 in 2023.
The total circulating supply of Shiba Inu as of writing this article was $589370857247354.50 and the marketcap of SHIB remains at $5,339,867,917.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Shiba Inu
Shiba Inu: An overview
After starting as a decentralized meme token, Shiba Inu has massively evolved its ecosystem while marking consistent growth in its community.
Shiba Inu is the original Japanese dog breed that is also used as Dogecoin’s symbol. Shiba Inu was created in August 2020 by an anonymous individual [or a group] called Ryoshi.
The meme token's beginnings were aimed at decentralized community building, as envisioned by its founder, Rhyoshi. Over the years, these values set the foundation for countless projects while the SHIB Army continued to grow.
Given the token's recent growth in the front of development activity and its charts, many have regarded Shiba Inu as the 'Dogecoin killer.' The rationale behind creating Shiba can be better understood from its 'woof paper.'
Tokens
In 2020, Ryoshi created a token named after the animal to hop onto the bandwagon of dog-themed cryptocurrencies. SHIB is an Ethereum-based ERC-20 token. Ethereum was chosen over other platforms due to its robust nature alongside its security.
All in all, Shiba Inu's ecosystem consists of the following three tokens -
- Shiba Inu (SHIB): This is the Shiba ecosystem's underlying currency. It started with an initial total supply of 1 quadrillion (1000 trillion) tokens. SHIB was primarily designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). In May 2021, Vitalik Buterin donated more than 50 trillion Shiba Inu coins, then worth over $1 billion, to a COVID-19 relief fund in India. Then, the Ethereum founder also "burned" 40% of Shiba Inu's total supply to a so-called dead wallet.
- Leash (LEASH): On the other hand, LEASH has a total supply of only 107,646 tokens and was initially a rebase token tied to the price of Dogecoin. In essence, LEASH coin was launched to incentivize users on ShibaSwap (Shiba's DEX). The staking of these tokens induces a reward in the form of xLEASH tokens. The people holding the xLEASH tokens are part of the xLEASH liquidity pool
- Bone (BONE): Simply put, this token is designed to be a governance token that will allow the SHIB Army to vote on upcoming proposals. It has an initial circulation supply of 250,000,000 tokens.
The SHIB Army’s demand to get the coin listed on Robinhood gave the coin all the more vigor to attain its ATH of $0.0000887 on 24 October 2021. Owing to a 70-90% correlation with Bitcoin on average, SHIB dropped amidst the broader market fallout. With buyers stepping in at the $0.00000857 support, they are yet to pull off a trend-altering rally.
Let's take a deeper look into some other developments to gauge the token's potential in the coming times.
Can Shiba Inu 'woof' its way to the moon?
- SHIBARIUM
Shibarium is a Layer 2 blockchain scaling solution-an added layer on top of another blockchain to improve scalability and increase transaction speed. This additional layer aids in throughput and ultimately improves the functionality of Shiba Inu and with it, Ethereum.
A safe and open platform for the creation and trade of digital assets is what the Shibarium blockchain could offer. It also aims to provide a base for creating Decentralized Applications (DApps). This launch could open doorways for lesser network congestion on Ethereum.
Interestingly, in an august 2022 tweet, Shytoshi Kusama hinted that Shibarium could "soon" launch. The buyers should watch out for its launch as it could aid accommodate better network throughput and with it, improved investor sentiment.
- IN-NETWORK NUANCES
Since April 2019, Shiba Inu has registered a consistent increase in its supply out of the exchanges. Considering the fact that moving coins cost fees, this is more often than not a bullish sign for any crypto.
The price action has shown receptivity to mark an uptick alongside this metric over the last year. However, Since August 2022, the price action and this metric have diverged. This keeps up the possibility of a likely rebound in the coming times.
- OTHER DEVELOPMENTS
SHIB's ability to act as a currency has shown impressive feat as industry leaders recognize this and many brick-and-mortar stores started to accept SHIB. Among others, brands like Gucci and Rooms to Go now accept SHIB as payment in their select U.S locations.
Shiba Inu officially announced the launch of Shiba Eternity for 6 October. The investors should look for the model deployed by the network for the game's functioning. A Play-To-Earn model could further set the stage for enhanced utility and more active users.
Shiba Inu (SHIB) Price Analysis
SHIB registered exponential gains on its charts in October 2021. The buyers induced a rally above the 20 EMA (red), and 50 EMA (cyan) to depict a heightened buying edge. As a result, the coin touched its ATH that month.
SHIB Weekly Chart
The broader market decline pulled SHIB by over 87% from its lifetime milestone as it fell toward the $0.0000857 support level. At press time, the token entered into compression near the 20/50 EMA as it plateaued from its immediate support level.
Also, the bearish rally entailed a 10-month trendline resistance (yellow, dashed) on the weekly chart. SHIB was yet to prove its mettle as it strived to break above this resistance mark.
A plausible break above this trendline resistance could open doorways for a solid bull run. In this case, SHIB could reach the high of $0.000031 zone in the coming times.
However, a break below the $0.0000106 support level could pull the token to retest the long-term support range (white, horizontal line) in the coming times.
The Relative Strength Index (RSI) strived to breach its bearish shackles but was yet to depict a buying momentum. A plausible break above the equilibrium would hint at a recovery in the coming times. To top this off, the Chaikin Money Flow's lower peaks bearishly diverged with the price action. The buyers should wait for a close above the zero mark to confirm a bearish invalidation.
Should you consider buying SHIB?
Given the chances of Shibarium's launch alongside the increasing outflow on exchanges could position the token for an extended upside in the coming times.
From a near-term perspective, SHIB still needs to find a convincing close above its trendline resistance and EMA barriers. The buyers could look for the entry triggers and targets as discussed above.
Shiba Inu Price Prediction
Shiba Inu has had an eventful 2021. To simplify the latest SHIB price prediction, we have divided up the prediction by short term Shiba Inu price prediction and long term Shiba Inu price prediction. As of writing this article, SHIB had a trading volume of $217,285,354. Shiba Inu has gone down by -22.71% in the past 30 days.
Shiba Inu's Long Term Price Prediction
Shiba Inu’s long term Price Prediction below is a look at SHIB’s future prospect with regards to price. Shiba Inu was last seen at $0.000009, with a market cap of $5,339,867,917 and trading volumes of $217,285,354. SHIB’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2022 | $0.0000035 | $0.0000028 | $0.0000042 |
| 2023 | $0.000029 | $0.000023 | $0.000035 |
| 2024 | $0.000038 | $0.000031 | $0.000046 |
| 2025 | $0.000051 | $0.000041 | $0.000061 |
| 2026 | $0.000067 | $0.000054 | $0.000081 |
| 2027 | $0.000089 | $0.000071 | $0.0001 |
| 2028 | $0.00011 | $0.000094 | $0.00014 |
| 2029 | $0.00015 | $0.00012 | $0.00018 |
| 2030 | $0.0002 | $0.00016 | $0.00024 |
| 2031 | $0.00027 | $0.00021 | $0.00032 |
| 2032 | $0.00035 | $0.00028 | $0.00043 |
| 2033 | $0.00047 | $0.00037 | $0.00056 |
Shiba Inu price prediction 2022: Shiba Inu’s price for 2022 according to our analysis should range between $0.0000028 to $0.0000042 and the average price of SHIB should be around $0.0000035.
Shiba Inu price prediction 2023: Shiba Inu’s price for 2023 according to our analysis should range between $0.000023 to $0.000035 and the average price of SHIB should be around $0.000029.
Shiba Inu price prediction 2024: Shiba Inu’s price for 2024 according to our analysis should range between $0.000031 to $0.000046 and the average price of SHIB should be around $0.000038.
Shiba Inu price prediction 2025: Shiba Inu’s price for 2025 according to our analysis should range between $0.000041 to $0.000061 and the average price of SHIB should be around $0.000051.
Shiba Inu price prediction 2026: Shiba Inu’s price for 2026 according to our analysis should range between $0.000054 to $0.000081 and the average price of SHIB should be around $0.000067.
Shiba Inu price prediction 2027: Shiba Inu’s price for 2027 according to our analysis should range between $0.000071 to $0.0001 and the average price of SHIB should be around $0.000089.
Shiba Inu price prediction 2028: Shiba Inu’s price for 2028 according to our analysis should range between $0.000094 to $0.00014 and the average price of SHIB should be around $0.00011.
Shiba Inu price prediction 2029: Shiba Inu’s price for 2029 according to our analysis should range between $0.00012 to $0.00018 and the average price of SHIB should be around $0.00015.
Shiba Inu price prediction 2030: Shiba Inu’s price for 2030 according to our analysis should range between $0.00016 to $0.00024 and the average price of SHIB should be around $0.0002.
Shiba Inu price prediction 2031: Shiba Inu’s price for 2031 according to our analysis should range between $0.00021 to $0.00032 and the average price of SHIB should be around $0.00027.
Shiba Inu price prediction 2032: Shiba Inu’s price for 2032 according to our analysis should range between $0.00028 to $0.00043 and the average price of SHIB should be around $0.00035.
Shiba Inu price prediction 2033: Shiba Inu’s price for 2033 according to our analysis should range between $0.00037 to $0.00056 and the average price of SHIB should be around $0.00047.
A Historical look at Shiba Inu, SHIB’s price:
SHIB/USD Pair
SHIB/EUR Pair
FAQs about Shiba Inu
Shiba Inu’s current price is $0.000009 and witnessed a -4.30% decrease in the past 24 hours. SHIB/BTC pair saw a -2.47% decrease in the past 24 hours.
Investing in Shiba Inu, SHIB will purely depend on your personal risk appetite. As you can see over the past 24 hours Shiba Inu’s price has witnessed a -4.30% decrease and over the past 30 days Shiba Inu has decreased by -22.71%. So it all depends on if this investment will hit your trading goals.
According to our latest Shiba Inu Price prediction for 2022, SHIB should vary between $0.0000042 and $0.0000028 Please keep in mind that the crypto market is very volatile and this Shiba Inu price prediction does not account for extreme wild swings in price.
As per the Shiba Inu price prediction undefined model above, SHIB’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2023 would be $0.000029. This price would however would range from $0.000035 and $0.000023.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2024 would be $0.000038. This price would however would range from $0.000046 and $0.000031.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2025 would be $0.000051. This price would however would range from $0.000061 and $0.000041.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2026 would be $0.000067. This price would however would range from $0.000081 and $0.000054.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2027 would be $0.000089. This price would however would range from $0.0001 and $0.000071.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2028 would be $0.00011. This price would however would range from $0.00014 and $0.000094.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2029 would be $0.00015. This price would however would range from $0.00018 and $0.00012.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2030 would be $0.0002. This price would however would range from $0.00024 and $0.00016.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2031 would be $0.00027. This price would however would range from $0.00032 and $0.00021.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2032 would be $0.00035. This price would however would range from $0.00043 and $0.00028.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2033 would be $0.00047. This price would however would range from $0.00056 and $0.00037.
The highest price for Shiba Inu was recorded in 28th October 2021 during which SHIB hit an All Time High of $0.00
The price of 1 Shiba Inu according to current market rate is $0.000009
