- Shiba Inu: A Glimpse Of The Dogecoin Killer
- Shiba Inu Applications
- Shiba Inu (SHIB) Price Prediction 2030: Price History And Technical Analysis
- Shiba Inu: Market Sentiments And Experts’ Opinions
- Is Shib A Good Deal? When Should You Invest?
- Final Thoughts
Shiba Inu is one of the essential cryptocurrencies in the market. In the past few weeks, many crypto investors have been talking about SHIB. So, what is the right time to hop in, and What is the future of this ‘dogecoin killer’? First, let’s take a look at our Shiba Inu Price Prediction 2030.
Shiba Inu: A Glimpse Of The Dogecoin Killer
Shiba Inu is a peculiar name, at least for a digital coin, as many unique features are combined with the unusual name. The name refers to the mascot of a Japanese dog breed called Shiba Inu, hence “SHIB.”
Shiba Inu was anonymously created with the founder calling himself, Ryoshi. He started on a mission to dig out a crypto asset for all its users inspired by the cute Shiba Inu dog breed theme, mixing the attributes of other major cryptocurrencies like Bitcoin, Ether network, Dogecoin, and others. As a result, Shiba Inu is an entirely secure and decentralized platform on the Ethereum Blockchain. In the beginning, Shiba Inu was listed on ShibaSwap, a decentralized exchange (DEX) platform for Shiba Inu. After the immense success of Shiba Inu, the memecoin was listed on the popular exchange Binance, and it gained massive popularity and hype.
A desirable benefit of the Shiba Inu cryptocurrency is that it can be used to trade or exchange with Bitcoin or fiat currencies. Apart from these, there are incredible security-packed features to be harvested soon. Shiba also provides its users with the benefit of safekeeping their free wallets, and they can even refill their balance.
|Price Change 24 hours||+3.11%|
|Price Change 7d||-1.32%|
|Circulating Supply||549,063,278,876,302 SHIB|
|All time High||$0.00008845|
|All time Low||$0.000000000082|
|Shiba Inu ROI||+644741.05%|
Shiba Inu Applications
Shiba Inu works a lot to create partnerships and alliances at a non-profit level, benefiting its communities. The memecoin borrows several qualities from other cryptocurrencies, and it serves broad aspects of applications in the cryptocurrency market. Being an ERC-20 token, Shiba Inu borrows several security features from its parent blockchain. Therefore, Shiba Inu’s price prediction depends on its technology and development. Also, SHIB can be used as a digital currency due to its relatively low transaction fees, as it is one of the main goals of developing Bitcoin, according to Satoshi’s Bitcoin Whitepaper.
Shiba Inu (SHIB) Price Prediction 2030: Price History And Technical Analysis
SHIB was created in August 2020 by an anonymous ‘Ryoshi’, which started as a joke. This meme coin has gradually increased, starting at $0.0000000001, since 2021. Despite the crypto market’s high volatility and being a new coin in the market, SHIB managed to perform as per an upward trend with multiple record highs until it hit the all-time high value of $0.00008845. The first pump of Shiba Inu happened on 4th May 2021, and the price surged by over 1000%. The second pump began on 3rd October and recorded its all-time high. Shiba Inu made bulk buyers crypto millionaires. The pump was fueled by many influencers like Elon Musk on social media. Unfortunately, the recent market crash and regulatory changes in US Fed rates have made it difficult for Shiba Inu to bounce back and gain its earlier momentum.
Shiba Inu is down by 60% this year, and it has only recovered a slight amount in April. SHIB is currently trading at $0.000012 with a total supply in circulation of 549,063,278,876,302 SHIB. Shiba may see a bullish momentum if it breaks the resistance level at $0.00002; simultaneously, it will fall more if it crosses the support level at $0.000007.
By the end of 2022, we expect that SHIB will push higher, and it will trade between $0.0001307 to $0.00001501. The Doge Killer has almost crossed Dogecoin in market cap, and it continues to develop into more than just a memecoin and provide more utility to the community. By the end of 2025, we can see SHIB trade between $0.00005048 to $0.00004183. As the market is always highly volatile, it is challenging to predict Shiba Inu’s future price. However, we anticipate that SHIB’s price will range between $0.00029857 to $0.00035649 in 2030.
Shiba Inu: Market Sentiments And Experts’ Opinions
According to Wallet Investor’s analysis, a long-term increase is expected; Shiba Inu’s price prognosis for 2027 is $0.000121. With a 5-year investment, the revenue is expected to be around +860.32%. The Shiba Inu forecast estimates the price at the beginning of the first half of 2023 may be $0.0000390.
Trading Beast forecasts that Shiba Inu’s price is predicted to reach $0.0000170 by the beginning of December 2022. The expected maximum price is $0.0000213; a minimum price is $0.0000145. The Shiba Inu price prediction for the end of December 2022 is $0.0000210.
Is Shib A Good Deal? When Should You Invest?
Yes, of course, it can be a good investment for the long-term, as it has proved before that it can surprise investors with massive returns. However, if you invest thoughtfully, there should not be any heartbreaks or over-joyous explanations required, and Elon Musk also showed interest in memecoins. Investors should wait now for a clear signal to enter. However, it is advised to conduct experts’ opinions before investing in it as your investment may be at risk.
The community of Shiba is lively and shares the news as significant developments are coming for the Shiba Inu network. The crypto market has been on a downtrend this year, and this has not spared Shiba Inu. However, despite its high volatility, Shiba Inu’s ecosystem is snowballing with high adoption from the crypto community. While it has been declared a memecoin, a lot of developments are waiting in the pipeline for Shiba Inu. These include the new ‘Shi’ stablecoin release, scheduled before the year’s end. Such upgrades will be beneficial for Shiba’s viability in the future.