In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial media are writing about it a lot. What is known about this cryptocurrency, and why is it called ‘the Dogecoin killer‘? In this article, we try to depict fully the current position of the new cryptocurrency on the market and what the future holds for it.
Shiba Inu Overview
Shiba Inu price today
What Is the Shiba Inu Coin?
Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. This decentralized meme token was created in August 2020 by Ryoshi — an anonymous person or a group of people. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin. In reality, however, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIB’s developers are aiming to solve serious, real-life problems.
SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. Before launch, developers transferred half of the digital coins to the Uniswap DEX and destroyed the keys. The other half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. He burned 90% of the SHIB tokens by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. The creators of the project had the following explanation:
Shiba Inu was the first project to follow this path. Everyone should buy coins on the open market, ensuring a fair and complete distribution, in which developers do not own the tokens and cannot dump them into the community.
In 2020, Buterin transferred more than 50 trillion Shiba Inu tokens to the India COVID-Crypto Relief fund. At the time of the transaction, they were worth about $1.14 billion. He also promised to donate the remaining Shiba Inu tokens to charity, but this time, to support longer-term initiatives.
As the project grows, the creators of Shiba Inu (SHIB) want to turn it into a full-fledged decentralized ecosystem and transfer 100% of rights to the community to manage the protocol without a governing body.
The Shiba Inu price history had a perfect start — in a few weeks of its existence, its price rose by 27,000%. Percentage-wise, it was an outstanding performance for the Shiba coin, but it’s important to mention that the token price did not reach even one-tenth of a cent.
According to data from CoinMarketCap, the price of Shiba Inu hit its all-time high of $0.00008 on October 28. This happened after SHIB was listed on several exchanges. SHIB also launched its own line of non-fungible Shiboshi NFT tokens. On the same day, SHIB’s market capitalization hit a record high of more than $34.29 billion. At the time of writing, Shiba Inu’s coin price is around $0.0000264, and the digital coin is listed #15 with a market cap of over $13 billion.
The SHIB token is available on several major exchanges: Binance, Coinbase, FTX, OKEx, and WazirX. The ecosystem also hosts a decentralized exchange called Shiba Swap, launched at the same time as the native Shiba token. But the most convenient and by far the most popular way to buy SHIB is through the Binance Exchange. This is a two-step crypto-to-crypto transfer where you need to exchange another coin to Binance Smart Chain and then to Shiba Inu cryptocurrency. However, one of the most convenient and safest ways to buy SHIB is the token purchase on the Changelly PRO trading platform.
It is important to mention that our team at Changelly and Changelly PRO strives to keep our platform up-to-date and provide users with the latest offers in the crypto market. That is why you’ll receive the most recent updates on Shiba Inu’s value and can seamlessly exchange the Shiba token for over 200 cryptocurrencies available on instant crypto exchange Changelly. Another great addition is that you can also trade SHIB for BTC on our full-featured cryptocurrency exchange, Changelly PRO.
Shiba Inu (SHIB) Market Predictions
As we mentioned, the world started seeing headlines like “Shiba Inu price prediction 2022” that were calling it a good investment after SHIB joined Binance.
The Shiba Inu price dynamics have been crazy last year. The SHIB coin skyrocketed in May in a very short period of time. However, it didn’t succeed at keeping its position. But then came June; the coin made headlines again.
If you want to trade Shiba Inu (SHIB) at its upper price, perhaps it’s not too late. Let’s move on to Shiba Inu price predictions year by year to determine whether now is still a good time to buy or sell this “Dogecoin killer”.
Shiba Inu Price Prediction 2022
According to the technical analysis of Shiba Inu prices expected in 2022, the minimum cost of Shiba Inu will be $0.00001307. The maximum level that the SHIB price can reach is $0.00001501. The average trading price is expected around $0.00001359.
SHIB Price Forecast for May 2022
Based on the price fluctuations of Shiba Inu at the beginning of 2022, crypto experts expect the average SHIB rate of $0.00001095 in May 2022. Its minimum and maximum prices can be expected at $0.00000991 and at $0.00001126, respectively.
June 2022: Shiba Inu Price Forecast
Cryptocurrency experts are ready to announce their forecast for the SHIB price in June 2022. The minimum trading cost might be $0.00001086, while the maximum might reach $0.00001181 during this month. On average, it is expected that the value of Shiba Inu might be around $0.00001128.
SHIB Price Forecast for July 2022
Crypto analysts have checked the price fluctuations of Shiba Inu in 2022 and in previous years, so the average SHIB rate they predict might be around $0.00001173 in July 2022. It can drop to $0.00001121 as a minimum. The maximum value might be $0.00001237.
August 2022: Shiba Inu Price Forecast
In the middle of the year 2022, the SHIB price will be traded at $0.00001220 on average. August 2022 might also witness an increase in the Shiba Inu value to $0.00001284. It is assumed that the price will not drop lower than $0.00001178 in August 2022.
SHIB Price Forecast for September 2022
Crypto experts have analyzed Shiba Inu prices in 2022, so they are ready to provide their estimated trading average for September 2022 — $0.00001256. The lowest and peak SHIB rates might be $0.00001215 and $0.00001333.
October 2022: Shiba Inu Price Forecast
Crypto analysts expect that at the end of summer 2022, the SHIB price will be around $0.00001281. In October 2022, the Shiba Inu cost may drop to a minimum of $0.00001229. The expected peak value might be $0.00001383 in October 2022.
SHIB Price Forecast for November 2022
Having analyzed Shiba Inu prices, cryptocurrency experts expect that the SHIB rate might reach a maximum of $0.00001434 in November 2022. It might, however, drop to $0.00001280. For November 2022, the forecasted average of Shiba Inu is nearly $0.00001333.
December 2022: Shiba Inu Price Forecast
In the middle of autumn 2022, the Shiba Inu cost will be traded at the average level of $0.00001359. Crypto analysts expect that in December 2022, the SHIB price might fluctuate between $0.00001307 and $0.00001501.
Shiba Inu Price Prediction 2023
After the analysis of the prices of Shiba Inu in previous years, it is assumed that in 2023, the minimum price of Shiba Inu will be around $0.00001959. The maximum expected SHIB price may be around $0.00002271. On average, the trading price might be $0.00002014 in 2023.
Shiba Inu Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Shiba Inu, in 2024, SHIB is expected to have the following minimum and maximum prices: about $0.00002941 and $0.00003360, respectively. The average expected trading cost is $0.00003041.
Shiba Inu Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Shiba Inu and their fluctuations during the previous years. It is assumed that in 2025, the minimum SHIB price might drop to $0.00004183, while its maximum can reach $0.00005048. On average, the trading cost will be around $0.00004335.
Shiba Inu Price Prediction 2026
Based on the analysis of the costs of Shiba Inu by crypto experts, the following maximum and minimum SHIB prices are expected in 2026: $0.00007480 and $0.00006186. On average, it will be traded at $0.00006359.
Shiba Inu Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Shiba Inu. Based on their predictions, the estimated average SHIB price will be around $0.00009605. It might drop to a minimum of $0.00009350, but it still might reach $0.00010739 throughout 2027.
Shiba Inu Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Shiba Inu. It is estimated that SHIB will be traded between $0.00013749 and $0.00016276 in 2028. Its average cost is expected at around $0.00014230 during the year.
Shiba Inu Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Shiba Inu’s price. The year 2029 will be determined by the maximum SHIB price of $0.00024440. However, its rate might drop to around $0.00020573. So, the expected average trading price is $0.00021284.
Shiba Inu Price Prediction 2030
After years of analysis of the Shiba Inu price, crypto experts are ready to provide their SHIB cost estimation for 2030. It will be traded for at least $0.00029857, with the possible maximum peaks at $0.00035649. Therefore, on average, you can expect the SHIB price to be around $0.00030921 in 2030.
Shiba Inu Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Shiba Inu’s price. The year 2031 will be determined by the maximum SHIB price of $0.00051464. However, its rate might drop to around $0.00045018. So, the expected average trading price is $0.00046255.
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Should You Buy Shiba Inu Coin?
According to Shiba Inu price predictions we’ve analyzed, it can be a good investment. The growth potential is over 100% for the next few years. However, it’s better to buy Shiba Inu in moderate amounts because the project hasn’t yet established its real-world value.
Keep in mind that information about the Shiba Inu coin is given for informational purposes only. Knowing an approximate SHIB price is helpful, but as with any coin, you need to make your own analysis of the price action. Before making any investment decisions, always do your own research beyond just looking at the Shiba Inu forecast.
In addition to its native token, the Shiba Inu ecosystem also hosts LEASH and BONE, which you can buy on the official website. Make sure you dig up enough information about these coins because they are far less known than Shiba Inu.
Will Shiba Inu Coin Price Reach 1 Dollar?
If Shiba Inu (SHIB) maintains its current level of growth, it won’t be able to reach $1 in the near future. Our Shiba Inu price prediction has a more realistic outlook. Still, even without $1, you can buy Shiba Inu and find it to be a fantastic investment opportunity.
But when in the crypto market, never say never in any price prediction. Who knows if Elon Musk will post another promotional Tweet for his favorite meme coin and if Shiba tokens will see massive gains shortly after. What’s more realistic, though, is Shiba Inu taking over Dogecoin. Shiba Inu has the advantage of having a lower supply.
Is Shiba Inu Coin Real?
There is no doubt that the Shiba Inu coin is real and can be traded. If you want to get SHIBA, the best place to get it is an instant cryptocurrency exchange Changelly, which allows you to swap SHIBA to a wide range of 200+ cryptocurrencies. In case of any questions, do not hesitate to contact our Support Center!
Does Shiba Inu coin have a future?
Most experts agree that the Shiba Inu token has a future, as it has active support from the community. If the Shiba Inu price continues to rise at its current rate, it will be an incredibly worthwhile investment. Also, Elon Musk’s mentions of the meme coin on Twitter helps SHIB stay on the radar.
Buy Shiba Inu now on Changelly.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.