Shiba Inu Price Prediction 2024-2030: Will Shiba Inu Go Up?

Based on our Shiba Inu price prediction, familiarize yourself with the factors affecting the coin’s value and where the market sees the asset going over the short and long term.

Shiba Inu News

According to Arkham Intelligence, the US government holds about 54 million SHIB tokens. This may indicate that SHIB will soon enter a bullish sentiment. This move could attract crypto whales who, by investing in SHIB, would change the dynamics of the crypto market.

Another factor that could impact the future of the Shiba Inu coin is its recent increase in transaction volume. On July 8, 2024, SHIB experienced a surge in its transaction volume, hitting the $5.71 trillion mark. This is usually a sign that crypto whales plan to strategically accumulate or distribute specific tokens to increase their volatility.

Moreover, on July 30, 2024, the Shiba Inu burn rate went up by 7,300%. This is mainly due to its layer-2 solution, Shibarium, which reached its milestone of 6 million blocks.

Shiba Inu Current Price

At the time of writing, the Shiba Inu trades at $0.000016, which means that its price went down by 2.52% in the last 24 hours. Shiba Inu’s market cap currently stands at $9.62 billion, while its daily trading volume is $168.67 million.

This data shows that the Shiba Inu coin’s value is down by 81% compared to its 2021 ATH of $0.00008845. Thus, the SHIB token is currently facing a bearish sentiment.

However, if we take into account that 2021 was a bullish year due to the BTC halving that happened in 2020, the same scenario may repeat this year. The latest BTC halving happened in April 2024, which means that by the end of the year, the crypto market could enter a bullish sentiment.

How high can Shiba realistically go during the bull market? Crypto analysts believe that its bullish price could vary between $0.0001 and $0.0003. This means that its value would jump by more than 525%.

Shiba Inu Price History

We based our Shiba Inu 5-year price prediction on its price history:

Considered one of the best shitcoins, Shiba Inu was launched on August 1, 2020, priced at $0.00000000051 per token.

Shiba Inu broke into the limelight in April 2021 with the market’s historic high. This created a perfect opportunity for the self-proclaimed “Dogecoin killer” to thrive. Since then, Shiba Inu has become known as one of the most undervalued cryptos on the market.

Shiba Inu coin’s value increased by 114% in 24 hours after being listed on Binance on May 10. Elon Musk and Jordan Belfort have previously endorsed SHIB. However, the Binance listing significantly boosted the meme coin’s value.

The digital wave caught Wall Street’s attention when Fortune Magazine wrote an article on it, and Ethereum co-founder Vitalik Buterin also made headlines when he donated 50 trillion SHIB to the India COVID Relief Fund.

Shiba Inu developers launched ShibaSwap, a decentralized exchange that competes with UniSwap and Curve Finance. Within 24 hours of launch, ShibaSwap accumulated over $1 billion, proving SHIB is more than just a meme coin. Shiba Inu partnered with Shopping.io, enabling customers to use SHIB to pay for purchases on eBay, Walmart, and Amazon.

By September 2021, Shiba Inu coin had gained a lot of recognition, and on September 9th, Coinbase listed SHIB, causing the price to surge by 5%.

Additionally, NowPayments adopted the coin as a payment method for e-commerce platforms. On October 28th, SHIB surpassed Dogecoin to become the most valuable meme coin, reaching an all-time high of $0.00008845.

Shiba Inu Price Prediction 2024

The advancement of Shibarium, the Shiba Inu platform’s Layer 2 protocol, is proceeding as planned. This update will enable users to transfer assets with minimal gas fees, making it easier to carry out small transactions through Shiba Inu-powered dApps. The team has also brought developers to enhance the platform’s user experience and interface.

Like many other cryptocurrencies, Shiba Inu’s value is closely tied to Bitcoin’s performance. The leading digital asset plays a significant role in determining Shiba Inu’s price movement.

Considering these factors, SHIB could continue growing next year and look to reach a maximum price of $0.0000329.

Shiba Inu Price Prediction 2025

In our Shiba Inu coin price prediction for 2025, we anticipate the digital asset challenging the $0.0000454 mark. Despite short-term fluctuations, crypto experts agree that coin prices will grow long-term.

The coin’s involvement in Shibaswap and its role in the Shibaverse could further strengthen SHIB’s price.

Shiba Inu is expanding beyond social media, working on strong use cases. Flexa’s integration would let SHIB holders spend assets at 41k+ US and Canadian locations.

Decentraland, an Ethereum-based project, is a leading player in the metaverse ecosystem. With the help of non-fungible tokens (NFTs), the metaverse space has drawn massive investments and is worth billions, expected to reach trillions in the near future.

Shiba Inu plans to launch ‘Shiba Lands,’ a virtual world for projects and businesses, according to its recent roadmap. Retail investors can connect with companies in the metaverse, as most hold the low-value SHIB token. SHIB will create an open marketplace for utility purchases and similar protocols, such as Oshiverse, making Shiba Inu a major player in the crypto space.

The Shiboshi NFT project would likely make a splash here and is expected to generate more traction for the Ethereum-based protocol. All these are good signs and add optimism to Shiba Inu’s prospects.

Shiba Inu Price Prediction 2030

As previously discussed, SHIB’s price will likely be guided by use cases related to its upcoming metaverse project and integration with other networks. However, other factors must also be considered.

Elon Musk’s Twitter takeover has generated publicity for meme coins, including those not related to him. Retail investors believe he may integrate DOGE or SHIB into Twitter, which would increase the awareness and value of SHIB.

Our Shiba Inu price prediction for 2030 also considers adoption by well-known enterprises. For example, an article from TheStreet reported that Google will now accept payment in SHIB for its Google Cloud services through a partnership with Coinbase.

This is a significant breakthrough for the Shiba Inu community, and many hope it will lead to further adoption.

With all that in mind, our Shiba coin price prediction estimates that the token has the potential to reach a maximum price of $0.0001051, and in a bearish trend, the token could drop to $0.0000988.

How Could SHIB’s Future Utility Affect Price?

The Shiba coin price has been volatile in 2024 due to external market events. However, the Shiba Inu team is working hard to integrate SHIB into the ‘SHIB: The Metaverse’ project, which could stabilize the coin’s price and generate returns for investors.

A token burn and a rumored Shiba Inu stablecoin, SHI, could also impact SHIB’s price positively.

Additionally, the release of ‘The Shibarium,’ a layer-2 scaling protocol, is expected to lower fees for SHIB holders and increase adoption rates.

What Drives the Price of Shiba Inu?

Cryptocurrencies like meme coins experience frequent price swings due to their lack of real-world assets. Social media hype significantly influences the price movements of meme coins like Shiba Inu, which have surged by up to 21,000%.

However, detailed below are two of the main factors that will likely drive SHIB’s price in the coming years:

Expansion of the Ethereum Network

Any Shiba Inu price prediction in 5 years will need to consider the growth of the Ethereum network. The network is much more appealing to sustainability-focused developers now that Ethereum uses a Proof-of-Stake (PoS) consensus protocol. Moreover, the stage is now set for future upgrades, which will help reduce super-high gas (network) fees.

This is excellent news for the SHIB price, as the more dApps constructed on the Ethereum network, the more possibilities there are for integration. Given SHIB’s popularity with the masses, there’s a high likelihood that dApp developers may be keen to add support for the token.

Popularity of Meme Coins

As more new cryptocurrency projects emerge within the meme coin niche, attention will naturally shift to the first movers in the space – such as Dogecoin and Shiba Inu. Although this may seem unlikely given the ongoing ‘crypto winter,’ once conditions improve, we should see investors happier to take risks on high-potential tokens.

Additionally, Elon Musk’s takeover of Twitter could boost the popularity of meme coins. As noted earlier, many pro-crypto analysts have speculated that Musk might somehow integrate digital currencies into the platform. Given his attraction to memes, the most likely currencies to be adopted would be DOGE or SHIB—a factor that would help drive substantial price increases.

Shiba Inu Video Analysis

Is There a Future for Shiba Inu?

Whatever Shiba Inu prognosis we make, we cannot know if it will come true. Namely, SHIB’s future will depend on several elements, such as its community support and adaptability. Shibarium will play an important role in its potential success as it will improve the scalability of its network.

SHIB’s future will also depend on regulatory changes and market trends. As more dog-based meme coins are released, SHIB will have to compete with the competition to stay on top.

Is Shiba Inu gonna go up in August? According to crypto analysts and historical trends, the SHIB token could go up by 2% to 3% during the summer. However, this is just speculation that should be taken with a grain of salt.

Is Shiba a good investment? At the time of writing, Shiba Inu is a high-risk investment due to its frequent price fluctuations. However, its recent increase in transaction volume and burn rate could increase its demand, which would also increase its price. This makes the SHIB token a suitable investment for crypto degens.

Conclusion

The Shiba Inu price prediction shows considerable potential for the meme coin space. While several meme coins exist, Shiba Inu has compelling use cases and generates a huge buzz. This puts it on an upward trajectory regarding the future.

We also reviewed a high-upside SHIB alternative, $MK, which is on presale now and set to revolutionize the meme crypto space.

The price forecast provided here is for general informational purposes only, so research before investing in the cryptocurrency.

FAQs