Shiba Inu Overview
Shiba Inu (SHIB) is a decentralized crypto created in August 2020 by an anonymous entity using the pseudonym “Ryoshi”. It operates on the Ethereum blockchain as an altcoin, featuring the Shiba Inu, a Japanese hunting dog, as its symbol. The Shiba Inu ecosystem is guided by principles outlined in the “woof paper”.
Key Points About Shiba Inu Crypto
Creation: Launched as an experiment within the Shiba Inu ecosystem, it aims to build a decentralized community.
Symbolism: Like Dogecoin, Shiba Inu is associated with the Doge meme. Its symbol is the original Japanese dog breed used in Dogecoin’s symbol.
Decentralization: As a decentralized crypto, Shiba Inu operates independently of a central authority, fostering community engagement and experimentation.
Shiba Inu (SHIB) Technical Overview
| Attribute | Details |
| Name | Shiba Inu |
| Ticker | SHIB |
| Category | memecoin |
| Platform | Ethereum |
| Contract Address | 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce |
| Supply (Total/Circulating) | 589,544,159,969,966.6 / 589,300,487,822,195.4 |
| Launch Date | August 1, 2020 |
| Website | ShibaToken |
| Description | Operates on the Ethereum platform, known for its massive supply and active trading on markets |
| https://twitter.com/shibtoken | |
| Whitepaper | meme coin |
| All-Time High (ATH) | $0.00008845 (Oct 28, 2021) |
| All-Time Low (ATL) | $0.00000000008164606 (Sep 1, 2020) |
| Current Price | $0.000009103 (as of 31st Jan) |
| Market Cap | 6.2 Billion USDT |
| Key Support Levels | $0.000008, $0.000010, $0.000012 |
| Key Resistance Levels | $0.000012, $0.000014, $0.000016 |
As of the 31st Dec, the price of Shiba Inu (SHIB) is approximately $0.000009103, with a circulating supply of about 589.32 trillion SHIB tokens.
The token is $0.00000262 (34.14%) above its 30-day low of $0.00000771 and $0.00000153 (12.77%) below its 30-day high of $0.00001186.
The 24-hour trading volume for this cryptocurrency is around $172,982,616.
In terms of its position in the crypto market, Shiba Inu’s market capitalization currently stands at approximately $6,019,240,438. The price of Shiba Inu today shows a decrease of about 2.24% compared to yesterday.
Price action: SHIB last to last month (Dec) broke above the $0.00001000 resistance level, making a higher high, which signals a continuation of the uptrend. The price pulled back to around $0.00001030, presenting a potential swing trade entry opportunity before it could revisit the $0.00001200 level.
Historical Price Action: Previously, following a bullish breakout from a Falling Wedge pattern, SHIB broke above the 200-day moving average, confirming a bullish trend reversal to an uptrend. This breakout was also successfully retested.
Overall it’s bullish, as indicated by the MACD Line being above the MACD Signal Line and the RSI being above 55.
Support and Resistance Levels:
Nearest Support Zone: $0.00000800 (previous resistance), followed by $0.00000700.
Nearest Resistance Zone: $0.00001000 (recently broken), followed by $0.00001200.
Shiba Inu Profit Calculator
Shiba Inu profit calculator will help you calculate your profit/loss from trading. The calculator is especially useful when you are dealing with a large number of tokens and multiple trades which also involves other calculations like exchange fees. The calculator helps you assess your net profit/loss on your SHIB trades. Check out the link – Click Here
Shiba Inu Historical
As per today’s price, SHIB is sitting at $0.00000905, and per market cap, it’s 18th in the whole crypto ecosystem, according to the most recent data. The market capitalization of Shiba Inu is 589,346,914,631,298 SHIB, and its circulating supply is $5,887,706,983.64.
Our Shiba Inu price predictions starting with 2024 up to 2050 are based on third-party sources. We have done our due diligence on the reliability and accuracy of the third-party sources relied upon and such sources cannot reasonably be considered misleading for the users. Please note that given the volatility of the crypto market, prices could move upward or downward. Returns are not guaranteed.
Shiba Inu Price Prediction 2024
Shiba Inu coin future prediction offers interesting insights into the coin’s price trajectory. Our forecasts using sophisticated technical analysis tools indicate that Shiba Inu might reach a high price of $0.000017 by 2024. This upbeat forecast is supported by our study, which suggests a SHIB average price of about $0.000015.
We must also consider a minimum price of $0.000015 as a possible lower barrier for Shiba Inu’s worth during this period.
Shiba Inu Price Prediction 2025
The Shiba Inu price has the potential to reach a high of $0.000025 by the year 2025. Our Shiba Inu price prediction for 2025 indicates that the average expected market price for SHIB is $0.000023. (Source: Here)
In the case of a market downturn or correction, Shiba Inu may trade at a low of about $0.000022 in 2025. This reflects the lower end of the price range and acts as a reference point for prospective market bottoming.
Shiba Inu Price Prediction 2026
The price of Shiba Inu is projected to vary between $0.000032 and $0.000038 in 2026. This large price range reflects the crypto market volatility and unpredictability.
While accurate forecasting is difficult, our model predicts that the average cost of SHIB during this time will be roughly $0.000033. (Source: Here)
Shiba Inu Price Prediction 2027
Shiba Inu’s general perception among the crypto community, as indicated in online debates and social media activity, implies that its value will rise in 2027.
Our forecast for 2027 predicts that Shiba Inu might achieve a maximum price of $0.000056, indicating a favorable trend. We forecast an average trading price of $0.000047 for SHIB by the end of 2027, with a minimum projected price of $0.000046. (Source: Here)
Shiba Inu Price Prediction 2028
Shiba Inu’s value will not fall below a minimum threshold of $0.000067 in 2028, according to our SHIB price projection.
According to estimates, Shiba Inu has the potential to appreciate and reach a trading value of $0.000077. Throughout 2028, the average trading price of Shiba Inu will hover around $0.000069. (Source: Here)
Shiba Inu Price Prediction 2029
According to our Shiba Inu technical analysis, we forecast a maximum price of $0.000118 and a lowest price of $0.000094. Furthermore, our average price projection for SHIB in 2029 is $0.000097, indicating the digital coin’s consistency and sustained growth potential. (Source: Here)
Shiba Inu Price Prediction 2030
According to our Shiba Inu price prediction 2030, which is based on the established development tendencies of the Shiba Inu price movement, SHIB might reach a maximum price of $0.000164 during the year.
Furthermore, our research predicts that the average price of SHIB in 2030 will be about $0.000141. This number is an estimate of the overall trade price for Shiba Inu for the whole year.
Our technical analysis, on the other hand, predicts a minimum price of $0.000138 for Shiba Inu in 2030. (Source: Here)
Shiba Inu Price Prediction 2040
Shiba Inu is expected to cost between $0.0045 and $0.0058 in 2040, with an average market price of $0.0049. This range represents market expectations and takes into account several possibilities as crypto is expected to attain widespread usage. Shiba Inu coins are likely to be used by a considerable section of the global population for regular transactions, and businesses might accept them as a payment mechanism.
The crypto market’s rising popularity and maturity are likely to make Shiba Inu a stable store of value, making it an appealing alternative for long-term investments. (Source: Here)
Shiba Inu Price Prediction 2050
Shiba Inu’s highest trading price in 2050 is expected to be about $0.0084. According to our calculations, Shiba Inu might reach an average price of $0.0077 by 2050. Shiba Inu may also face short downturns, with the minimum price level hanging around $0.0074.
Other cryptos with distinct characteristics and functions will compete with Shiba Inu. Blockchain technology will continue to evolve, resulting in the creation of new currencies with enhanced capabilities.
However, SHIB’s first-mover advantage, powerful network effect, and established infrastructure will most likely enable it to retain a dominant position in the crypto industry.
Our Shiba Inu coin future prediction is subject to several factors such as market circ*mstances, technical breakthroughs, regulatory framework, and unanticipated events. Hence, it is critical to perform a comprehensive study and exercise prudence when making judgments in the crypto market based on long-term price expectations. (Source: Here)
What is Shiba Inu coin?
Shiba Inu (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous entity or group using the pseudonym “Ryoshi”. It operates on the Ethereum blockchain and is often regarded as a meme coin. Inspired by the Shiba Inu dog breed and the popularity of Dogecoin, SHIB gained attention for its community-driven and playful nature.
Shiba Inu’s Price History
Since its introduction on cryptocurrency exchanges, the price of Shiba Inu experienced growth without significant sudden spikes or drops until reaching its peak value on October 28, 2021. The bullish trend was notable until a shift in profit-booking sentiments emerged in the SHIB market.
In 2022, the highest price reached by Shiba Inu (SHIB) was approximately $0.00003436, achieved at the start of the year. Following this peak, the token predominantly exhibited a downward trend or, at best, moved within a sideways range. However, since the beginning of 2023, there has been a noticeable recovery in the price of Shiba Inu.
In June 2022, Price influenced by regulatory changes in US Federal Reserve interest rates, has posed challenges for the SHIB prices to initiate a significant upward trend or even to recover robustly. According to our SHIB price forecast, the silver lining in this situation is the potential for investors and traders to view lower prices as a buying opportunity.
Source: coingecko.com
Shiba Inu (SHIB) Expert Predictions:
Investment Strategy:
Short-Term Traders: Focus on yearly fluctuations and market news, especially around collaborations and institutional adoption.
Long-Term Investors: Consider accumulating SHIB during dips, particularly in the mid-term phase, and hold for significant gains in the long term.
Conclusion:
Shiba Inu shows potential for both short-term gains and long-term growth. Our forecast suggests that Shiba Inu has the potential to experience substantial growth in the coming years.
While the predictions are optimistic, investors should remain vigilant and adapt their strategies to market changes.
External factors such as regulatory changes, market dynamics, and broader economic conditions can significantly impact the price trajectory of Shiba Inu.
Shiba Inu (SHIB) Coin Price Prediction Table 2024 – 2050
| Year | Low Price | Average Price | High Price |
| 2024 | $0.000015 | $0.000016 | $0.000018 |
| 2025 | $0.000023 | $0.000023 | $0.000027 |
| 2026 | $0.000033 | $0.000034 | $0.000039 |
| 2027 | $0.000047 | $0.000049 | $0.000057 |
| 2028 | $0.000069 | $0.000071 | $0.000080 |
| 2029 | $0.000098 | $0.000101 | $0.000119 |
| 2030 | $0.000145 | $0.000142 | $0.000170 |
| 2040 | $0.005300 | $0.005600 | $0.006400 |
| 2050 | $0.007300 | $0.007700 | $0.008400 |
Source:
https://cryptodisrupt.com/predictions/shiba-inu-price-prediction
https://changelly.com/blog/shiba-inu-price-prediction/
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is based solely on the collation of publicly available information as of the date of publication of this blog and should not be considered investment/financial advice from CoinSwitch. Therefore, any action taken upon the information provided herein shall be at the user’s risk. CoinSwitch, including any affiliate entities, will not be liable for any losses incurred by the user because of the user’s reliance on the information provided above to execute any trades.
