Shiba Inu Price Prediction 2024, 2025, 2030

Shiba Inu is a meme coin that launched in 2020 and exploded onto the scene during the bull market of 2021. In 2021, token reached a market cap high of $32.84 billion and, despite dropping drastically from this valuation, SHIB’s early 2024 run up the charts has seen it regain a market cap of over $18 billion—and it now sits 11th in CoinMarketCap’s rankings.

However, the Shiba Inu team has proved resilient, and have implemented numerous protocols and products that have taken Shiba Inu from an average meme coin to a thriving ecosystem and one of the most prominent shitcoins. This Shiba Inu price prediction forecasts the SHIB price between 2024-2030, taking into account its utility, tokenomics, community, the wider crypto market, and much more.

Shiba Inu Price History

Shiba Inu launched in August 2020 with an initial price of $0.000000001009, according to CoinMarketCap. The price first pumped in May 2021, reaching a high of $0.00003469. SHIB’s initial pump was caused by a 457% rise on May 10th.

Following this ATH, the price quickly corrected and consolidated between $0.0000065 and $0.000008 for the next few months. However, in October 2021 the Shiba Inu price began to rocket upwards, climbing over 1,100% in less than a month, to reach its ATH of $0.00008845.

After reaching its ATH, the SHIB price quickly collapses, before finding support at $0.00000802 and $0.00001. However, the start of the saga of the SEC suing Binance and Coinbase, and then Kraken, in 2023 caused the price to break below this support, and continue into a downward trend.

This trend found a bottom around $0.000006700, twice throughout 2023.

SHIB continued to trade sideways through the later part of 2023, gaining hardly anything from the market revival that saw many established layer 1 and layer 2 tokens post healthy gains on the back of speculation around Bitcoin ETF approval.

Shiba Inu continued sideways into 2024, as Bitcoin ETF approval came and went. Then, on February 26th, something lit the fuse on the meme-coin rocket and Shiba, along with many other most popular meme coins, blasted up the charts, gaining 202% at the time of writing to be priced at $0.00003189.

Shiba Inu Price History Key Points

• Shiba Inu launched in April 2020 for a price of $0.000000001009.
• On May 10 2021, SHIB soared 457% in one day, reaching $0.00003469.
• The price reached its ATH of $0.00008845 in October 2021.
• Currently, Shiba Inu is priced at $0.00003189,  down 64% from its ATH, down 5.14% in 7 days, but up 238% in 1 month.

Shiba Inu Price Prediction 2024

As mentioned, the Shiba Inu developers have taken the project from a meme coin to a thriving ecosystem, with the successful launch Shibarium layer 2 network on August 28th, 2023.

In addition to SHIB, multiple other tokens, such as BONE and LEASH, are in the Shiba Inu ecosystem. There are also multiple NFT collections, including PFP NFT collections and metaverse land NFTs. All of which bring extra value to the ecosystem, and help to support the longevity of SHIB.

There are multiple dApps already launched in the Shiba Inu ecosystem, including a decentralized exchange (DEX) called ShibaSwap, the Shiboshis NFT collection, Shib the Metaverse, the Shiba Eternity P2E game, and the Ethereum layer-2 Shibarium.

If you read our Dogecoin price prediction, you will know that Dogecoin’s future utility plans, and speed of development, pales compared to Shiba Inu’s. To a large degree, this is why Shiba Inu is often dubbed the “Dogecoin killer”.

Our key concern regarding the price of Shiba Inu in 2024 is the performance of the broader market. While a Bitcoin Halving is set to occur in April 2024, and meme mania seems to have gripped the markets at the start of 2024, things don’t always go as planned—and when the market drops speculative assets, like meme coins, are the ones that suffer the most.

With all this in mind, our Shiba Inu price prediction is all-together positive, and we predict SHIB will reach a high of $0.000048, a possible low of $0.000010 and an average price of $0.000032.

Shiba Inu Price Prediction 2025

Currently, the leading cause of excitement in the Shiba Inu community is its Ethereum layer two scaling solution, Shibarium.  The layer two solution means users can transact on an Ethereum-compatible chain but with much lower gas fees.

The biggest advantage meme coins have over other cryptos are their large, strong, and passionate communities. If Shiba Inu can leverage its community on the Shibarium network, then we could quickly see it become one of the most prominent layer-2 projects on Ethereum.

With its current market cap of almost $19 billion being just 57% of its ATH market cap of $32.84 billion, there is a lot of upside to SHIB, especially if the Shibarium network gains traction. Take into account that the bull run (if it occurs) resulting from the Bitcoin Halving should reach its peak in 2025, then we can speculate that 2025 might be a top year for SHIB.

With this in mind, our Shiba Inu price prediction estimates a bull market peak price of around $0.000150, with potential lows of $0.000030 and an average price of $0.000080 by the end of 2025.

Shiba Inu Price Prediction 2030

Looking ahead to 2030, we will likely see the completed integration of “danksharding” into Ethereum. In simple terms, this will aim to fully integrate layer-2 networks into Ethereum using them to improve network scalability, user experience, and significantly reduce transaction fees.

If Shibarium can grow into one of the prominent layer-2 projects, and the Shiba Inu team continue to develop quality projects at the pace they currently do, we could see SHIB attain new ATHs by 2030.

However, one of Shiba Inu’s main issues is that much of its price is currently based on hype, community, and speculation, rather than actual utility. By 2030, the Shiba Inu ecosystem must provide its holders with proper utility, otherwise, the meme coin concept might just have run its course and these price supporting elements might have out of steam.

Although the initial launch of Shibarium saw significant interest—and it was the volume of traffic that managed to stall the bridge during the initial launch—users have been far more cautious since the relaunch. Almost 65,000 accounts have been created so far, however, the number of active accounts is currently hovering between 500–700, a comparatively low number. It remains to be seen whether or not the network will continue to grow.

One of the main USPs of Shiba Inu, before Shibarium, was its ShibaSwap DEX. However, this now languishes at #110 in DeFiLama’s list of DeFi protocols on Ethereum. However, today it sits at #9 if the list is organized by 24hr Trading Volume, showing that, despite its low TVL, ShibaSwap is a known DeFi protocol.

While it is marketed as providing utility, the demand for Shiba Inu’s products does not yet align with its $20 billion valuation. For SHIB to become one of the best long-term cryptos, the token’s overall utility must increase and become the main driver for its adoption.

Provided it succeeds in increasing ecosystem adoption, our Shiba Inu price prediction forecasts a maximum price of $0.000320, a minimum price of $0.000100 and an average price of $0.000140 by the end of 2030.

Potential Lows and Highs of Shiba Inu Price

While Shiba Inu has already prevailed as one of the top meme coins, it is now making a run to become one of the best altcoins. Below, we have listed the potential lows and highs from our Shiba Inu forecast.

What Do Other Analysts Predict For Shiba Inu

Whether Shiba Inu is one of the best coins for the next bull run is yet to be seen. However, we have summarised Shiba Inu price forecasts from other analysts below to allow you to better understand the broader market sentiment around SHIB.

What is Shiba Inu and What is it Used For?

Following its creation, Shiba Inu flourished into an ecosystem targeting the worlds of DeFi, gaming, and metaverses. However, the latest addition to this ecosystem, Shibarium, is an Ethereum layer-2 scaling solution focused on improving the user experience within blockchains by reducing a transaction’s costs and increasing its speed.

The initial launch of Shibarium, on August 17th 2023, failed due to a huge level of demand for the Shibarium-Ethereum bridge. However, the network was relaunched 11 days later, August 28th, and everything ran smoothly. BONE is the gas token of this network.

The project’s token, SHIB, is the utility token for this ecosystem, granting access to exclusive perks. It is also used as the main liquidity pair on the Shibaswap DEX. While things were initially quite slow, the Shibarium Layer-2 is steadily gaining traction as developers launch dApps and smart contracts on the network.

Shiba Inu Overview

What Influences the Price of Shiba Inu?

Although SHIB is a utility token, it derives most of its value from being a meme coin. The project has a colossal community of over 1.3 million holders, yet the ShibaSwap DEX has just $37 million in TVL.

While the Shibarium layer-2 has been launched, Shib the Metaverse is still unreleased. This shows that there is currently little utility-driven demand for the SHIB token.

The main price influencer for Shiba Inu is speculation. Investors will buy SHIB when they speculate the price will increase and sell when they believe it has topped out. Hype and community also play a significant role in this speculation, since, when the hype starts to build, investors feel a fear of missing out (FOMO) and rush to buy the coin, helping to pump the price even more.

Another influence on the price of SHIB is staking. When users stake Shiba Inu tokens, this is known as “burying”, they are actually providing liquidity to Shiba Inu liquidity pools. The entire amount of Shiba Inu was minted at its launch, so instead of being rewarded with SHIB, users are rewarded with the BONE governance token, which is also the base-token for the Shibarium chain.

Essentially, this process of staking reduces the amount of available amount of SHIB on the market, and because users are rewarded with BONE, it protects SHIB from excess sell pressure. In other words, staking reduces the available supply of SHIB, reducing sell pressure and helping boost the token’s price.

Is Shiba Inu a Buy

Shiba Inu is taking significant steps toward becoming the first all-encompassing meme coin ecosystem. This puts on the list of best meme coins, but this ecosystem is yet to generate much demand. Instead, people mostly buy SHIB for speculative purposes, due to its roots as a meme coin.

This could change in the future, particularly with the emergence of Shibarium, as utility often has a positive effect on crypto price predictions. However, it is essential to remember that Shiba Inu remains highly speculative and comes with risk.

Where To Buy Shiba Inu?

If you’re interested in buying Shiba Inu, the first step is selecting the right platform. Binance is a leading crypto exchange that offers a user-friendly interface and uses strong security measures.

Binance – A User-Friendly Exchange with Strong Security Measures

Founded in 2017, Binance is one of the leading crypto exchanges globally, catering to over 170 million users. The platform supports over 400 cryptocurrencies and 27 fiat currencies.

The platform also has a user-friendly interface, ideal for beginners and seasoned traders. Users can choose between basic and advanced trading options, depending on their level of expertise. 

Although the advanced trading option offers lower fees, the simplicity of basic trading makes trading easy for newcomers.

The platform also offers staking options for stablecoins, allowing users to earn passive income through the Binance Earn program. 

Security is a huge concern for any crypto trader. The platform requires two-factor authentication (2FA) for all transactions and keeps most user assets in cold storage, inaccessible through the Internet. They also have a $1 billion Secure Asset Fund for Users (SAFU) available to reimburse users if anything happens to the platform. 

Binance offers a mobile app with high ratings on the Apple App Store and Google Play Store. It is worth noting that simple trades can have fees as high as 4.5%, especially when using debit or credit cards. The fee structure is more favorable for advanced trades, scaling down with increased trading volume.

Conclusion

Overall, Shiba Inu has a strong community, excellent tokenomics, and a team that is doing a fantastic job of developing the project to meet the needs of the wider Ethereum ecosystem.

However, its signature project, Shibarium, has recently launched. With a market cap of almost $19 billion, just 57% of its all-time-high, SHIB might have some space to run if the crypto market enters true bull market territory—which some say we’re already in— and the utility and use-cases for the coin continue to grow.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

• https://coinmarketcap.com/currencies/shiba-inu/
• https://www.theguardian.com/technology/2023/jun/06/sec-crypto-crackdown-us-regulator-sues-binance-and-coinbase
• https://www.reuters.com/technology/bitcoin-jumps-much-10-track-best-day-since-august-2023-10-16/
• https://www.coindesk.com/tech/2023/08/22/shiba-inu-plans-shibariums-public-restart-days-after-botched-launch/
• https://blog.shib.io/shibariumupdatefinal/
• https://opensea.io/collection/theshiboshis
• https://www.shibthemetaverse.io/
• https://coinmarketcap.com/view/layer-2/
• https://www.shibariumscan.io/stats
• https://defillama.com/chain/Ethereum
• https://whitepaper.io/document/758/shiba-inu-whitepaper
• https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce

FAQs

Elliott Lee

Editor

Elliott Lee

Editor

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.

All Articles by Elliott Lee