Shiba Inu Price Prediction, will SHIB’s price hit $0.0000075?
Shiba Inu’s price at the same time last week was $0.0000077. It has moved by 3.08 % in the past week and is currently at $0.0000082. Infact, in the past 24 hours, SHIB has dumped by -1.01 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SHIB could hit $0.000022 in 2024.
The total circulating supply of Shiba Inu as of writing this article was $589326309189753.25 and the marketcap of SHIB remains at $4,840,226,759
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 (SHIB): An overview
Source: Shib/Twitter
Shiba Inu (SHIB) is a decentralized cryptocurrency that was initially created as a meme coin, drawing inspiration from Dogecoin (DOGE). Like many other cryptocurrencies, Shiba Inu operates on a decentralized, peer-to-peer (P2P) network. The token itself is named after the Shiba Inu dog breed, which has been popularized online and is also the mascot of Dogecoin.
The digital currency has massively evolved its ecosystem while marking consistent growth in its community. Given the token's 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
Source: Shib.io
All in all, Shiba Inu's ecosystem consists of the following three tokens:
SHIB
As the original and primary token of the Shiba Inu ecosystem, SHIB operates on the Ethereum (ETH) blockchain as an ERC-20 token.
SHIB had an initial supply of 1 quadrillion (1000 trillion) tokens. However, a significant portion was sent to Ethereum co-founder Vitalik Buterin's wallet.
In May 2021, 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. As of September 2023, 589.33 trillion SHIB are in circulation.
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, the LEASH coin was launched to incentivize users on ShibaSwap.
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 is the governance token of the Shiba Inu ecosystem, introduced with the launch of ShibaSwap. It has an initial circulation supply of 250,000,000 tokens. Holders of BONE are granted voting rights on upcoming proposals.
Shiba Inu ecosystem
Source: Shib.io
Now, let's take a look at other components of the Shiba Inu ecosystem.
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 offers. It also aims to provide a base for creating decentralized applications (dApps).
ShibaSwap
ShibaSwap is a decentralized exchange (DEX) platform where users can stake (bury) their tokens to gain returns, provide liquidity (dig), or swap tokens. It became a central piece of the ecosystem, encouraging the use of SHIB, LEASH, and BONE.
The importance of purchasing SHIB and LEASH through ShibaSwap underscores the ecosystem's attempt to centralize its trading activity on its own platform, potentially driving more liquidity and value to ShibaSwap.
Shiboshis
Shiboshis are a collection of 10,000 unique non-fungible tokens (NFTs) created by the Shiba Inu team. Each Shiboshi is represented as a pixelated cartoon of a Shiba Inu dog with its own distinct traits, making it collectible. These NFTs are hosted on the Ethereum blockchain, ensuring verifiable ownership and authenticity.
Shib: The Metaverse
Shib: The Metaverse stands as a virtual embodiment of the platform's collective past, displaying their inventive spirit and unity in a realm they all consider home.
The team is in the process of crafting deep, immersive experiences that will enable users to venture into, gain insights from, and engage with the Shiba Inu Universe in ways never seen before.
Their ambition is to furnish users with innovative avenues for passive earnings, amass in-game assets, secure rewards, and even carve out individual spaces where they can cultivate and oversee their endeavors.
Shiba Eternity
Shiba Eternity is an enthralling free-to-play collectible card game. In this game, players are transported into the mesmerizing realm of the Shiboshis.
Boasting an array of over 500 distinct cards and a diverse universe of 10,000 Shiboshi champions, Shiba Eternity offers players the opportunity to assemble a bespoke deck influenced by the inherent traits of their Shiboshis and warriors from six dynamic disciplines:
- Chewjitsu
- Taikwondoje
- Ryo Chi
- Bite Thai
- Woof Chun
- Shyjitsu
History of Shiba Inu
Source: Shib.io
The Shiba Inu was created in August 2020 by an anonymous person (or group) going by the name "Ryoshi." The meme token's beginnings were aimed at decentralized community building, as envisioned by its founder. Over the years, these values set the foundation for countless projects while the SHIB Army continued to grow.
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. Let’s take a look at some of its major developments.
- In July 2021, ShibaSwap was launched.
- In November 2021, the network announced its partnership with David Folk to develop a gaming project.
- In February 2022, Doggy Dao launched on ShibaSwap.
- In March 2022, SHIB introduced its own Metaverse.
- In March 2023, the early beta test for Shibarium, a Layer 2 blockchain scaling solution, went live.
- By August 2023, Shibarium was live and operating well.
Shiba Inu (SHIB) Price Analysis
Over the span of the year, from September 2022 to September 2023, the SHIB token displayed a remarkable struggle between its bullish and bearish sentiments. The overarching narrative of the token highlighted a bearish trend, but the resilience of the bulls could not be ignored. At the time of writing, SHIB traded at $0.00000730.
SHIB Weekly Chart
The period commenced with SHIB testing its peak resistance at $0.000014. After facing rejection at this level, it witnessed a significant retraction to the $0.0000080 mark by the end of the year. In January 2023, possibly driven by broader market sentiments or SHIB-specific catalysts, the token experienced a resurgence.
Rallying impressively, the token once again ascended to its peak resistance. Through this period, $0.000010 solidified its position as a steady support level for SHIB. But, as markets are seldom linear, this support soon weakened. The bears, sensing an opportunity, launched an assault that once again relegated the token just slightly above the $0.0000080 territory.
By June 2023, the bearish momentum intensified, plummeting the price to a new low at $0.0000066. Though the token did attempt a comeback in August 2023, the rally was ephemeral, leading to yet another descent.
The trading volume fluctuated in tandem with the token's price movements. Notably, during the bullish phases, a surge in volume was conspicuous. This implied that the bullish rallies were backed by a substantial trading interest, lending credibility to these price actions.
For the majority of the review period, the Relative Strength Index (RSI) for SHIB was languishing below the neutral 50 line. A notable exception was in January 2023, when it soared to 60, indicating strong bullish momentum.
However, this was short-lived. After retracting, it made a brief rally to 50.57, only to decline to a concerning 31.86 subsequently. August 2023 saw another modest bullish peak with an RSI of 55.53. As of the end of the review period, the RSI was positioned at 40.57, hinting at a bearish sentiment but not entirely oversold.
The On-Balance Volume (OBV) began the year on a downward trajectory but later transitioned into a more or less stagnant phase with minimal fluctuations, especially toward the end of the review period, where it kind of flatlined after a small peak.
Should you consider buying SHIB?
Factoring in the aforementioned indicators, a cautious approach is advised. Traders interested in entering a position might target a buying range between $0.0000054 and $0.0000086.
A bullish rally will likely fail if the aforementioned resistance levels are not flipped back to support. Investors should remain vigilant for any shift in market sentiment.
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 133,716,516. Shiba Inu has gone up by 3.37% in the past 30 days.
According to our analysis in the short term, Shiba Inu price prediction for January 2024 shows the average price of SHIB at 0.000018 and the highest possible price for January 2024 would be $0.000019.
Further, according to our analysis in the long term, Shiba Inu price prediction for May 2024 shows the average price of SHIB at 0.00002 and the highest possible price for May 2024 would be $0.000021.
Shiba Inu's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 30 November 2023 | $0.0000078 | $0.0000073 | $0.0000084 |
| 1 December 2023 | $0.0000079 | $0.0000073 | $0.0000084 |
| 2 December 2023 | $0.0000078 | $0.0000073 | $0.0000084 |
| 3 December 2023 | $0.0000078 | $0.0000072 | $0.0000083 |
| 8 December 2023 | $0.0000075 | $0.000007 | $0.000008 |
| 13 December 2023 | $0.0000072 | $0.0000067 | $0.0000077 |
| 23 December 2023 | $0.0000066 | $0.0000061 | $0.0000071 |
Shiba Inu price prediction 30 November 2023: Shiba Inu's price for 30 November 2023 according to our analysis should range between $0.0000073 to $0.0000084 and the average price of SHIB should be around $0.0000078.
Shiba Inu price prediction 1 December 2023: Shiba Inu's price for 1 December 2023 according to our analysis should range between $0.0000073 to $0.0000084 and the average price of SHIB should be around $0.0000079.
Shiba Inu price prediction 2 December 2023: Shiba Inu's price for 2 December 2023 according to our analysis should range between $0.0000073 to $0.0000084 and the average price of SHIB should be around $0.0000078.
Shiba Inu price prediction 3 December 2023: Shiba Inu's price for 3 December 2023 according to our analysis should range between $0.0000072 to $0.0000083 and the average price of SHIB should be around $0.0000078.
Shiba Inu price prediction 8 December 2023: Shiba Inu's price for 8 December 2023 according to our analysis should range between $0.000007 to $0.000008 and the average price of SHIB should be around $0.0000075.
Shiba Inu price prediction 13 December 2023: Shiba Inu's price for 13 December 2023 according to our analysis should range between $0.0000067 to $0.0000077 and the average price of SHIB should be around $0.0000072.
Shiba Inu price prediction 23 December 2023: Shiba Inu's price for 23 December 2023 according to our analysis should range between $0.0000061 to $0.0000071 and the average price of SHIB should be around $0.0000066.
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 $0.0000082, with a market cap of $4,840,226,759 and trading volumes of $133,716,516. 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 |
| 2023 | $0.0000062 | $0.000005 | $0.0000075 |
| 2024 | $0.000018 | $0.000014 | $0.000022 |
| 2025 | $0.000024 | $0.000019 | $0.000029 |
| 2026 | $0.000032 | $0.000026 | $0.000039 |
| 2027 | $0.000044 | $0.000035 | $0.000052 |
| 2028 | $0.000059 | $0.000047 | $0.000071 |
| 2029 | $0.000079 | $0.000063 | $0.000095 |
| 2030 | $0.0001 | $0.000085 | $0.00012 |
| 2031 | $0.00014 | $0.00011 | $0.00017 |
| 2032 | $0.00019 | $0.00015 | $0.00022 |
| 2033 | $0.00025 | $0.0002 | $0.0003 |
Shiba Inu price prediction 2023: Shiba Inu's price for 2023 according to our analysis should range between $0.000005 to $0.0000075 and the average price of SHIB should be around $0.0000062.
Shiba Inu price prediction 2024: Shiba Inu's price for 2024 according to our analysis should range between $0.000014 to $0.000022 and the average price of SHIB should be around $0.000018.
Shiba Inu price prediction 2025: Shiba Inu's price for 2025 according to our analysis should range between $0.000019 to $0.000029 and the average price of SHIB should be around $0.000024.
Shiba Inu price prediction 2026: Shiba Inu's price for 2026 according to our analysis should range between $0.000026 to $0.000039 and the average price of SHIB should be around $0.000032.
Shiba Inu price prediction 2027: Shiba Inu's price for 2027 according to our analysis should range between $0.000035 to $0.000052 and the average price of SHIB should be around $0.000044.
Shiba Inu price prediction 2028: Shiba Inu's price for 2028 according to our analysis should range between $0.000047 to $0.000071 and the average price of SHIB should be around $0.000059.
Shiba Inu price prediction 2029: Shiba Inu's price for 2029 according to our analysis should range between $0.000063 to $0.000095 and the average price of SHIB should be around $0.000079.
Shiba Inu price prediction 2030: Shiba Inu's price for 2030 according to our analysis should range between $0.000085 to $0.00012 and the average price of SHIB should be around $0.0001.
Shiba Inu price prediction 2031: Shiba Inu's price for 2031 according to our analysis should range between $0.00011 to $0.00017 and the average price of SHIB should be around $0.00014.
Shiba Inu price prediction 2032: Shiba Inu's price for 2032 according to our analysis should range between $0.00015 to $0.00022 and the average price of SHIB should be around $0.00019.
Shiba Inu price prediction 2033: Shiba Inu's price for 2033 according to our analysis should range between $0.0002 to $0.0003 and the average price of SHIB should be around $0.00025.
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FAQs about Shiba Inu
Shiba Inu’s current price is $0.0000082 and witnessed a -1.01% decrease in the past 24 hours. SHIB/BTC pair saw a -0.08% 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 -1.01% decrease and over the past 30 days Shiba Inu has increase by 3.37%. So it all depends on if this investment will hit your trading goals.
According to our latest Shiba Inu Price prediction for 2023, SHIB should vary between $0.0000075 and $0.000005. 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 2023 model above, SHIB’s price for November 2023 should range between $0.000005 to $0.0000075 with the average price for November being $0.0000062
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2024 would be $0.000018. This price would however would range from $0.000022 and $0.000014.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2025 would be $0.000024. This price would however would range from $0.000029 and $0.000019.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2026 would be $0.000032. This price would however would range from $0.000039 and $0.000026.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2027 would be $0.000044. This price would however would range from $0.000052 and $0.000035.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2028 would be $0.000059. This price would however would range from $0.000071 and $0.000047.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2029 would be $0.000079. This price would however would range from $0.000095 and $0.000063.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2030 would be $0.0001. This price would however would range from $0.00012 and $0.000085.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2031 would be $0.00014. This price would however would range from $0.00017 and $0.00011.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2032 would be $0.00019. This price would however would range from $0.00022 and $0.00015.
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2033 would be $0.00025. This price would however would range from $0.0003 and $0.0002.
The highest price for Shiba Inu was recorded in 28 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 $0.0000082
