Connect with us
Active Currencies 14911
Market Cap $2,276,890,897,335.20
Bitcoin Share 50.80%
24h Market Cap Change $0.95

Will Shiba Inu reach $1 in 2025? Here are the odds

4min Read

The Shiba Inu token may have disappointed a lot of holders with the halt of its mind-blowing growth. However, some have displayed trust in the token with the hope of exchanging hands at $1. But will SHIB align?

Will Shiba Inu reach $1?

Share this article

  • Shiba Inu’s total supply has increased from the numbers as of its ATH.
  • BONE opined that hitting the $1 market would need several inputs from related tokens and the Shiba Inu L2.

A few years ago, a large part of the crypto community were stockpiling memes as cryptocurrencies like Shiba Inu [SHIB] became mainstream and produced several millionaires with no knowledge of the ecosystem. Despite the impressive performance at the time, the token seems to have lost its streak of luck.

How much are 1,10,100 SHIBs worth today?

This has led the price to plunge massively, much to the detriment of holders. Nonetheless, several investors who have become faithful to the project opine that the drop in price is only a drawback for another round of exponential growth. This then begs the question — will Shiba Inu reach $1?

SHIB could be ready for a rerun

As you probably know, crypto prices are highly speculative. And predicting the future value of a highly volatile asset like SHIB could be subject to several factors, including but not limited to macroeconomic factors, adoption, and various market forces. But what are the chances?

Well, in the crypto market, “impossible is nothing” is something that participants have familiarized themselves with. However, that is not to say that SHIB hitting $1 is programmed despite having some upside potential, especially as its closest rival, Dogecoin [DOGE] had hit the feat several times.

At the time of this writing, the Shiba Inu token price was $0.0000086. To reach $1, SHI would need an incredible 116.279x. But considering its current market capitalization, and circulation supply, this could be an incredibly herculean task.

However, as mentioned earlier, the crypto market is filled with surprises. And for a token that has surged over 8,000,000%, a repeat should not be written off. But this would also require that only a select few dump the token, and an influx of new holders join the ecosystem.

Unswerving loyalty from holders 

According to Santiment, SHIB’s supply outside of exchanges had crossed 911 trillion. Compared to 2021, this was a far higher number. However, data from the on-chain analytic platform revealed that the number had stabilized in the last 30 days.

Will Shiba Inu reach $1, total number of holders and exchange supply

Source: Santiment

Thus, this implies that a lot of investors were sticking to the token for the long term instead of keeping it on exchanges which could affect selling off. 

And in a sequel, could better the bullish strain that SHIB holders are enthusiastic about. Furthermore, the total number of holders had also increased to 1.3 million.

Based on the daily chart, there was no downward crossover of the 50 EMA (yellow) against the 200 EMA (orange). If there has been a death cross, then it would have signaled the end of an uptrend. But since there was none, it means that Shiba Inu’s upside potential remains intact.

In terms of the Chaikin Money Flow (CMF), the chart revealed that it was up at 0.05. The indicator serves as a volume-weighted average of the distribution and accumulation of an asset. Thus, the hike implies that SHIB had had a great amount of accumulation.

Will Shiba Inu reach $1, showing SHIB price action

Source: TradingView

So, in a situation where the increase multiples, then SHIB’s chances of inching closer to $1 becomes higher.

Will Shiba Inu reach $1? BONE and burns have a say

While the token’s attempt to hit the landmark may remain extremely difficult, Shiba Inu has been using the burn mechanism to stabilize its value. In the last seven days, the burn rate has decreased by 36.39%.

The SHIB burn rate objective is to reduce the total supply of the SHIB token by sending them to dead wallets as they become unretrievable.

Hence, a reduction in supply could lead to increased demand in the long term.

According to Shibburn, the total number of burned tokens has crossed 410 trillion since the initial supply. Moreover, the project has been working on utility with the development of the Shibarium L2 network. 

Read Shiba Inu’s [SHIB] Price Prediction 2023-24

At the time of writing, SHIB was 89.74% down from its All-Time High (ATH). However, the official handle of Bone ShibaSwap [BONE] pointed out in February that the token could hit the milestone.

However, it gave conditions including maximum support for the burn activity, Shibarium, and tokens operating under the Shiba Inu ecosystem.


Victor Olanrewaju is a full-time journalist at AMBCrypto. Settled in Lagos, his fascination with blockchain technology and the cryptocurrency market arose out of his love of freedom and everything free. As a Nigerian, Victor understands the impact unfounded financial restrictions have on a population. He sees Bitcoin and cryptos as a way to circumvent these obstacles, as a tool for value creation despite all the setbacks. A graduate in Physics, Victor previously worked as a Senior Marketer at Melange Technologies. Before that, he dealt with crypto-marketers on a regular basis in his capacity as Copywriter at Ventrix Media. At AMBCrypto, Victor’s focus is on assessing the real effectiveness of both on-chain and off-chain developments on a project and its community sentiment.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.