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Because the cryptocurrency market is currently going off, there are more coins that are popping up, as everyone attempts to get a piece of the pie.
One of these coins is Shiba Inu, which has been developed on the back of Dogecoin due to its immense success.
In this guide, we are going to talk about our price predictions when it comes to Shiba Inu, so that you can make a decision as to whether it’s a good investment choice for you right now or not.
Shiba Inu (SHIB)
Shiba Inu Price Prediction 2022
If you are trying to figure out how much Shiba Inu is going to cost in the future, then you’ve come to the right place.
We are going to talk about the price forecast over a number of different timeframes, which we have come to through thorough research.
Then, we are going to talk about the coin itself in detail, and we will talk about the outlook of the cryptocurrency, as well as working out where the best place is to invest.
- 1 Month: things in the world of cryptocurrency seem to be gearing up again, which means that we predict that by the end of the month Shiba Inu could be sitting closer to their previous high of $0.000090.
- 3 Months: if records are broken since June highs, then Shiba Inu might consolidate for a few weeks and then continue its trend towards the $0.0001 area. This means that there is a chance that it could increase approximately 30% from where it currently is.
- Beginning of 2022: because of what pricing Shiba Inu is showing today, and what predictions are for the next few months, Shiba Inu could be worth as much as $0.0002 by the middle of 2022. If this proves to be true, then if you were to invest in Shiba Inu today, you could get returns of more than 90%.
Shiba Inu Price History
If you are wondering how to purchase cryptocurrency with coins like Shiba Inu in mind, then we highly recommend that you do your own research around the coin before you dive into anything.
This is going to make sure that you have a good grip on what the coin entails, and whether it is going to be a good investment for you or not.
The first thing to cover is what is Shiba Inu exactly? It is a coin that was developed in August 2020 by a group that is referred to as ‘Ryoshi’.
A Shiba Inu dog is the official logo of another crypto, Dogecoin, which is where Shiba Inu got its inspiration. Nobody actually knows who developed the coin, or why they developed it which is interesting.
Currently, there are one quadrillion coins circulating, because the coin has been developed to be intentionally abundant. The platform itself supports a number of projects, including decentralized exchanges and NFT.
Therefore, Shiba Inu does have some practical applications, meaning that it is so much more than just an abstract asset that might get caught up in speculation.
When Shiba Inu first appeared on the market, it was given the ticket symbol ‘SHIB’, and its price was $0.000039. While you might think that this value is small, it’s all relative.
The difference between Shiba’s price live, and this price is 403% which means that there is huge potential around investing in a cryptocurrency like this.
However, soon after it launched, its value decreased over the next few weeks, and it ended up losing 84% of its value towards the end of May.
A support level was created at $0.000006, and the price seems to be holding up.
What can happen in regards to the cryptocurrency market is that smaller coins tend to follow in Bitcoin’s footsteps, which means that when people invest in Bitcoin and its price increases, so does that of coins that are smaller.
This ripple effect is advantageous to coins like Shiba Inu as they can piggyback off this success.
On the flip side of this, when Bitcoin doesn’t do that great, neither do the smaller coins. This is what occurred between June and July of 2021, when Shiba Inu’s price increased gradually.
Then on the 7th August, there was a bit of volatility around the price of the coin, with the value of it increasing 24% in just a day.
This increase has given investors a bit of hope as the future of Shiba Inu looks pretty good.
With this in mind, we are now going to talk about our predictions around the price of Shiba Inu, and what that might look like in the minds of investors.
The current price of Shiba Inu is $0.000011.
Shiba Inu Price History
Shiba Inu Price Forecast
The next step in our forecast is to figure out what the factors could be when thinking about what influences the future of Shiba Inu.
To make sure that we are covering it all, we are going to break it down into different sections, so that you can understand it a bit better.
Let’s take a look.
Similar to when you purchase stocks, it’s important to work out the price chat and figure out what technical figures there are that can determine where the price might be heading.
When it comes to Shiba Inu we can see that the surge from back in August helped the value get out of the decreasing wedge pattern that the coin was stuck in.
Another indication is that the price has closed external to this pattern, and could be gearing up for another push.
There is strong resistance at the $0.0009 mark, where the price has been rejected more than once.
However, there is every chance that this could be broken, and it could head toward the $0.0001 stance.
Achieving this level from where the price is currently would mean that you could get a 38% return on the investment.
However, if the level is broken, then you could see that return double or even triple in the months to come.
You might be surprised to learn that Shiba Inu as a cryptocurrency is so much more than a memecoin – it has practical applications as well.
The developers of Shiba Inu have made a platform called ShibaSwap, which is an exchange where clients can trade a number of different digital coins.
There is also the opportunity to trade NFTs on the platform as well.
The platform is now also accepted by Shopping.io, which is a platform where you can buy goods like Walmart and Amazon.
Because places like this don’t accept cryptocurrency, Shopping.io is a middleman for people who are wanting to purchase their goods using cryptocurrency.
Because Shiba Inu has been accepted on this platform means that the coin has a practical application, which is definitely going to help improve its value.
Shiba Inu Price Prediction 2025
The good news is that things are looking pretty good for Shiba Inu. As you can see from the chart, it has found quite a lot of momentum over the last couple of months, and has been able to break out of that wedge pattern without too much drama.
When something like this happens, it usually means that some bullish momentum might come along, which could take it to new heights that were seen earlier in the year.
The developers of Shiba Inu have listed new pairs on the ShibaSwap platform, which only adds to the credibility of the coin.
Also, Shiba Inu has developed somewhat of a cult following because it originated as a memecoin. These factors are definitely worth considering when thinking about what its future might look like.
If Shiba Inu can make the most of what the current market is doing, then the coin could be headed in the direction of $0.00039 by 2025.
Shiba Inu Price Prediction 2030 & Long-Term Outlook
If we go even further ahead into the future, it could be sitting at the $0.0009 level by 2030. This would then be an increase of more than 900% from where it is sitting today, which is an incredible opportunity for investors.
There is every chance that Shiba Inu could get to these heights, based on what the cryptocurrency market has done in the past.
Over the next decade, we will see more and more people turn their backs on fiat currencies, and move into digital alternatives.
Also, the fact that NFTs are now valuable means that Shiba Inu could capitalize on its practical applications to become extremely valuable.
If all of these factors come together, then Shiba Inu could be the investment opportunity that you are looking for.
Shiba Inu Price Chart
As we have talked about in this article, the outlook for Shiba Inu is definitely positive.
While people might still decide to opt for Bitcoin or Ethereum, we think that Shiba Inu has huge potential.
The ecosystem of Shiba Inu provides a great precedent for other smaller coins.
Other coins like bone and leash are now being traded on the exchange platform that Shiba Inu provides, which is going to attract more investors and help with their credibility.
If this continues to occur, it’s only going to prop Shiba Inu up even more.
Because the price of this coin was $0.00035 back in May of 2021, things are looking good based on where it’s currently at, and while this is changing all the time, things look on the up and up for a coin that originated from a meme.
Where to Invest in Shiba Inu
Now that you have a good understanding of Shiba Inu and what it might become over the next ten years, then let’s talk a little bit about how you can start the process of investing in the coin.
First, you will need to make an account with a reliable and safe broker, so that you can take care of your investment without too much risk.
There are some great trading platforms out there in the UK that offer the ability to trade cryptocurrency, however most still haven’t caught up to the hype of Shiba Inu, because in terms of market cap the coin is still pretty small.
Again, though, there are plenty of options out there when it comes to choosing how to invest in Shiba Inu, so make sure that you do your research to determine which platform is going to suit your needs the best.
One of our favorites when looking at the best places to invest in Shiba Inu is Binance. They are an exchange – and they are definitely one of the best places to invest in Shiba Inu in a way that is cost-effective and can be done from your home.
They don’t have a minimum that you have to put down to start trading with them, which is almost unprecedented in the world of exchanges, and we love that they have a mobile app so that you can take them on the go and check up on your trades wherever you are.
They make it easy for their clients to buy and sell crypto within just a few minutes, and they talk about their support team being there on the other end of the phone whenever you need them so that you can get help straight away.
They are always there for their clients, and we think that they have everything that you need to start up a successful career in cryptocurrency trading.
In general, we think that Binance is a great place to buy Shiba Inu coins currently.
They are going to take care of you really well, and they are going to make sure that you get everything that you need when it comes to investing safely and efficiently with Shiba Inu.
Shiba Inu Price Prediction Conclusion
In this article, we have talked about Shiba Inu and discussed its value in a variety of different timeframes. We have also talked about the coin itself, and why we think that it is set to do really well in the future.
Because Shiba Inu began as a memecoin, there are many skeptics out there that don’t think that it has what it takes to do really well in the future, but we think that for the most part, the critics are wrong.
We think that the market is in for a bull run again, and when this happens, there is every chance of Shiba Inu skyrocketing in price.
Whichever platform you choose to invest Shiba Inu in, make sure that you are safe while doing so. Good luck!
What Is the Current Price of Shiba Inu Right Now?
The real time price of Shiba Inu is currently $0.000011.
What Determines the Price of Shiba Inu?
Things like the law of supply and demand determine the price of Shiba Inu, and even this is determined by a multitude of factors.
Increase in demand occurs when there is value seen in the coin itself, which can happen when the ecosystem around it grows, or when a celebrity endorses it.
Where Can I Buy Shiba Inu?
Because the size of the coin is still really small, there are a lot of brokers out there that won’t offer it right now.
However, platforms like Binance are offering it right now – and they don’t even charge commission.
Why Is Shiba Inu Increasing in Value?
One of the reasons for this is that Binance recently listed it as an official, tradeable asset, which is going to increase its value in general.
Also, Shiba Inu’s increase in price is helped by the likes of Dogecoin and Bitcoin, because when they go up, so does the memecoin.
What will Shiba Inu be worth in 2022?
Shiba Inu could be worth $0.00026 towards the end of 2022.
What will Shiba Inu be worth in 2025?
Shiba Inu could reach $0.00039 towards the end of 2025.
What will Shiba Inu be worth in 2030?
Shiba Inu could be sitting at $0.0009 by around 2030.