By Thomas Streissguth January 5, 2023
- About SHIB
- Expansion
- Current Performance
- Price Predictions
tdub303 / iStock.com
Digital currencies began in 2008 with the invention of bitcoin — money that could be created, traded and tracked on the internet.
Since then, cryptocurrencies have multiplied. Some have been designed to beat bitcoin in ease of use, cost and speed. Others serve as tokens for new versions of the blockchain, a method of secure online tracking and bookkeeping that makes cryptocurrency possible.
Read: 5 Things You Must Do When Your Savings Reach $50,000
Other new crypto coins were created just for fun. Shiba inu is that kind of coin.Is this unique cryptocurrency a good investment? Here are experts’ shiba inu coin price predictions to help you decide.
Furry Finance: How Shiba Inu Was Created
Named for an adorable Japanese canine, the shiba inu cryptocurrency was born as a mockery of dogecoin, which was designed to imitate bitcoin. When entrepreneur Elon Musk used Twitter to promote dogecoin, its value skyrocketed. Then an anonymous individual or group going by the name Ryoshi arrived in August 2020 with shiba inu, the “dogecoin killer.”
Both dogecoin and shiba inu are “meme coins” designed to represent hot trends or ideas more than for utility. Shiba inu followed dogecoin into the spotlight in late 2021, when Musk tweeted out a few pictures of Floki, his real Shiba Inu. With nearly 70 million followers, Musk’s tweets made heavy waves in the financial and cryptocurrency markets.
Shiba Inu Begins Spreading Like Wildfire
Cryptocurrency is measured by total market value and price. These metrics can and do swing wildly from day to day, depending on the fleeting enthusiasm of traders. Nothing backs cryptocurrency except its prospective value as a store of value or medium of exchange.
Since such value depends on marketing and technical innovation, and new digital money is constantly being created, dabbling investors are taking on significant risk.
A Good Year in 2021
The numbers climbed steadily for shiba inu through 2021. The metrics peaked in October of that year when the price of a shiba inu coin reached $0.0000845 — a rise of 1,000% over the previous 25 days. For the year, the coin jumped an unbelievable 43.8 million percent.
For a brief period, shiba inu had a larger market valuation than dogecoin and had reached the top 10 of all cryptocurrencies in total market capitalization.
New Use Cases
Traders successfully petitioned for Robinhood, a popular mobile trading platform, to make the coin available to buyers and sellers, and it’s also available on Kraken, Coinbase Exchange and many other exchanges, in most cases as part of a trading pair — rather than buy shiba inu directly, you buy the cryptocurrency it’s paired with and then trade that currency for shiba inu.
Also, a series of 10,000 Shiboshis — graphic designs representing the now-famous breed — came on the market. These non-fungible tokens are further spreading the coin’s popularity. But to be successful for investors, a coin has to be more than a novelty.
Use cases for the shib coin are slowly popping up. For example, Shopping.io supports it, so holders can, in a somewhat roundabout way, use the coin to make purchases from Amazon, eBay and Walmart. Newegg began accepting shiba inu before the holidays last year. In addition, shib is now the native token for the new Shiba metaverse, where users can use the coins to mint land.
That metaverse might be expanding. Shiba inu has partnered with The Third Floor, a visualization company that collaborates with Marvel, to create environments and landmarks in the Shiba metaverse, FXStreet reported. Time will tell whether shiba inu projects — especially its metaverse — will pan out.
Going to the Dogs
Shiba inu has fallen off the highs it made in October 2021 to$0.00000853 on Jan. 5, 2023 — a nearly 90% drop. If the coin hype fades, it may never return to those levels. The general decline in the cryptocurrency market, including leading coins bitcoin and ethereum, is also chilling the price for shib.
Does the Shiba Inu Coin Have a Future?
Does shiba inu have a future? Several websites in the business of predicting cryptocurrency prices are optimistic. However, short significant use cases, shiba inu’s primary value is in its level of hype. That leaves analysts scrambling to predict what investor sentiment might be down the road — a notoriously difficult task.
How Much Will Shiba Be in 2023?
Coin Price Forecast believes shib could increase by 34% by the end of 2023, to $0.00001143. Coin Gape predicts a 26.5% increase to $0.0000105. Wallet Investor’s trend line is flat for the next year.
Gov Capital predicts a price somewhere between $0.000029 and $3.34 by Dec. 31. Those figures differ by a factor of 115,172, which underscores the difficulty of accurately predicting cryptocurrency prices.
What Will Shiba Cost in 2025?
What will shiba inu be worth in 2025? With the high uncertainty and volatility of the crypto market, it can be hard to make long-term predictions for any currency, so predictions should be taken with a grain of salt. However, some analysts are more optimistic about the future. Coin Price Forecast predicted that shiba inu will trade at $0.00001443 by the end of 2025.
How Much Will Shiba Inu Cost in 2030?
What will shiba inu be worth in 2030? If investor interest and use cases for the cryptocurrency continue to increase, it is possible for the token to grow in price significantly by 2030. Coin Price Forecast gives a 2030 shiba inu coin price prediction of $0.00002849.
Final Take: Should You Invest?
These predictions forecast a slight return this year and a more significant one over the next several years.
But cryptocurrency, particularly meme currency, is subject to financially destructive trends for unwary investors. Aside from their highly speculative nature, there are fees and costs charged when trading digital currencies, and many investors have ended up with nothing.
It’s fun to predict markets and fascinating to consider the possibilities of digital currency — especially one so inexpensive that you can buy well over half a million coins for $5. But the wise move would be to thoroughly research shiba inu before throwing any money at it, and never invest what you can’t afford to lose.
FAQ
- Will shiba inu coin reach $1?
- According to Nasdaq, a price of $1 would be impossible. There are so many shiba inu coins in circulation that a price of $1 would mean a market cap several times higher than the world economy.
- Will shiba inu reach 50 cents?
- The world's total economic output, known as the global gross domestic product, is estimated to reach $116 trillion by 2025. A price of 50 cents would put shiba inu's market cap at $275 trillion. Unless shiba inu were to replace every currency in the world, and the economy grew exponentially faster than predicted, a 50-cent price is highly unlikely.
- Will shiba inu reach 1 cent?
- While one cent is closer to feasibility than $1, it would still be an incredibly unlikely level of growth. At one cent, the coin's market cap would be $5.5 trillion. This would mean the coin was worth more than the current year's budget of the U.S. government.
Chris Ozarowski and Daria Uhlig contributed to the reporting for this article.
Information is accurate as of Jan. 5, 2023.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
FAQs
No, Shiba Inu will not reach 1 cent by 2030. The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin.
How much will Shiba Inu be in 2025? ›
End of 2025: With Shiba Inu's developers still working on their Metaverse and decentralized exchange and Shiba Inu's community expected to grow even further, we estimate that the SHIB price could cross $0.00007 by the end of 2025.
How much will Shiba be worth In 5 years? ›
Shiba Inu's price is expected to be around $0.0000423 and $0.0000505, where the former is a potential low and the latter is a potentially high value for 2025. While the average price may be $0.0000464, with an increased market cap.
Can a Shiba reach 1 cent in 10 years? ›
Technically speaking, Shiba Inu could reach a penny if enough capital were to start investing in dog-themed cryptocurrencies. But since Shiba Inu would need trillions in capital to reach $0.01, institutions and governments would need to purchase SHIB, which seems highly unlikely.
How much will Shiba cost in 2040? ›
Shiba Inu Coin Price Prediction 2040
In long term, the Shiba Inu Coin has huge potential. Our maximum price prediction for Shiba Inu Coin is $4.15 in 2040. However, the minimum price level of a SHIB Coin can be around $1.13.
How long before Shiba reaches a penny? ›
Shiba Inu Coin Price Analysis and Forecast 2022-2030
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022.
Will a Shiba reach a 0.01 dollar? ›
Will SHIB reach 0.01 dollar? However, according to experts, that is impossible because the total supply of SHIB is 549 billion. If every token is worth US$1, then the market capitalization of Shiba Inu will cross over the global economic standard.
What year could Shiba Inu reach 1 cent? ›
It is forecasted that Shiba Inu will increase in value. According to many experts and business analysts, SHIB can hit the highest possible price of $0.001 by 2030. Gov Capital is quite bullish on Shiba Inu in 2022.
Will Shiba Inu reach. 005 cents? ›
Currently, there is no reason to doubt that Shiba Inu will not reach US$0.5 by the end of 2022.
What will Shiba In 2050 be worth? ›
Shiba Inu Coin Price Prediction 2050
The year 2050 can end with an average price of $7.89 while the minimum price value of Shiba Inu Coin can be around $5.42. Along with Shiba Inu Coin, many cryptos can hit their new all-time high this year. The maximum price is expected to be trading around $9.61.
Can Shiba Inu coin reach $1? The Market Realist Portal has reported, “If the Shiba Inu token maintains its current level of growth, it will be able to reach a value of $1 by the end of 2025. But a more realistic forecast suggests that 1USD for SHIBA INU is not possible looking at the current growth.
Will Shiba ever hit 50 cents? ›
The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents.
How much Shiba Do I need to become a millionaire? ›
Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins. And we believe that if the Shiba Inu community grows big and keeps supporting the coin, the prices will rise soon.
What will Shiba be worth in 10 years? ›
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit.
Can Shiba reach .001 cent? ›
So, will Shiba Inu reach 1 cent? It would be extremely difficult, to say the least. Even during SHIB's all-time high in October 2021, when the token was trading at $0.0000881, SHIB would have needed to increase in price by 113x to hit a price of $0.01.
How high will Shiba Inu get? ›
2023 Shiba Inu Price Prediction
The maximum expected price for SHIB is around $0.0000246, with an average estimated trading price of $0.0000213. This would represent a potential return on investment of over 50% based on current prices.
Can Shiba realistically hit a penny? ›
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.
Will Shiba grow to a dollar? ›
However, more importantly, to reach $1 Shiba Inu would need to reach a market value north of $400 trillion – this value is greater than the value of the entire global economy! As a result, it is more or less impossible for Shiba Inu to ever reach $1.
What are the chances of Shiba Inu hitting 1 cent? ›
Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Both are highly impractical at the moment.
What is the true potential of Shiba Inu? ›
Shiba Inu is one of the potential crypto to explode in 2023. Don't forget that Shib's price action has a lot to do with the performance of the broader crypto market. As such, if Bitcoin slows down in 2023, then Shib could either correct in 2023 or make marginal gains compared to its previous moves.
Will Shiba Inu Reach 25 Cents? It is improbable that Shiba Inu will reach 25 cents anytime soon as it will require significant capital, which is difficult in the current scenarios. It is evident that initial cryptocurrencies, like Bitcoin, have taken the benefits of early birds in the market.
How much is 1 million Shiba Inu worth if it hits 1 cent? ›
For Shiba Inu to reach 1 cent, the market cap of SHIB would be around $5.5 trillion. This valuation is almost the same as the total US budget for the year 2022.
Will Shiba reach $1 dollar by 2050? ›
The firm expects SHIB to hit a maximum of US$9.61 by the year 2050. Learning from the detailed analysis, SHIB is expected to hit a new ATH by 2025, following the halving of Bitcoin. The analysts expect Shiba Inu to claim a new ATH by 2040. As the canine coin could have lost 50% of its supply to burns.
Will a Shiba Inu ever touch a dollar? ›
This makes it almost impossible for Shiba Inu to hit the $1 mark not just in 2023, but ever. In fact, the highest price SHIB has ever been at is just under $0.00009 in October 2021. Hoping for it to reach $1 is a loser's game.
Can Shiba Inu reach $10 cents by 2025? ›
According to predictions, the value of the SHIB token could rise to $0.0000350 by the end of 2022, $0.000065 in 2023, and achieve a mean price of $0.000859, by 2025. In addition to analyzing Shiba Inu's historical prices, it's important to identify the key factors that could affect its price in the future.
What would it take to get Shiba to 1 dollar? ›
Assuming Shiba Inu's current market valuation of $5.2 billion remained constant, the community would have to burn 99.9998% of all tokens in circulation and leave just 5.2 billion remaining, to organically lift the price per token to $1. That means roughly 589 trillion would have to be burned.
Should I stop buying Shiba Inu? ›
Key Points. Shiba Inu rose to popularity during the meme-stock craze in the summer of 2021, but this enthusiasm has largely faded. It possesses no real competitive advantages. The crypto does have some catalysts that could boost its price, but investors should stay away.
How many Shiba Inu coins are left? ›
How many shiba inu coins are there now? The total SHIB supply at the time of writing was 589.63 trillion, with 31.56 trillion tokens staked. That puts the total circulating supply at 558.01 trillion.
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How many shiba inu coins are there?
| Long position overnight fee | -0.0500% |
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| Spread | 5.50 |
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This will most likely help drive up the demand for SHIB by a wide margin. It's the single most crucial factor that could see Shiba (SHIB) hit US$1 by 2030. With the crypto market fully mature in 2030, and most of the get-rich-quick hype gone, SHIB could trade at US$1, or thereabout, going into the 2040s.
Will Shiba Inu coins reach $1 in 2050? ›
The firm expects SHIB to hit a maximum of US$9.61 by the year 2050. Learning from the detailed analysis, SHIB is expected to hit a new ATH by 2025, following the halving of Bitcoin. The analysts expect Shiba Inu to claim a new ATH by 2040.
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.
Will SHIB hit a penny? ›
For Shiba Inu to reach 1 cent, the market cap of SHIB would be around $5.5 trillion. This valuation is almost the same as the total US budget for the year 2022. Shiba Inu is never likely to reach 1 cent, especially in the current market dynamics.
What is the highest SHIB could go? ›
If the impact of the last halving is anything to go by, Shiba (SHIB) could easily rally to over $0.01 in 2024.
Can Shiba Inu reach 50 cents? ›
The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents.
How long will it take for Shiba Inu to reach 1 dollar? ›
At that pace, it would take more than 7,100 years to achieve the goal. On a positive note, that's a little sooner than one of my previous predictions of more than 10,000 years. But the bottom line is this: Not only will Shiba Inu fail to reach $1 in 2023, but it's also unlikely to get there in our lifetime.
Can Shiba still make you a millionaire? ›
Nevertheless, Shiba Inu made thousands of new millionaires – according to Shiba Inu price analysis, an investment of just $2 at the beginning of last year would have made you a millionaire by the beginning of 2022.
What if Shiba reaches $1? ›
If SHIB were to reach $1, investors would experience a return of 100,000x. However, more importantly, to reach $1 Shiba Inu would need to reach a market value north of $400 trillion – this value is greater than the value of the entire global economy!
Will Shiba make me a millionaire? ›
You could buy about 10 billion tokens. If Shiba Inu returned to its high of last year of 0.00007924, the value of your investment would total about $800,000. That wouldn't bring you into millionaire territory.
