Shiba Inu Price Prediction 2022. Will it Reach $0.1?
The Shiba Inu holders celebrate a Robinhood listing, which will make their million-strong community even more huge. What kind of Shiba Inu price prediction 2022 is there any connection with the news? Can it reach $0.1 in 2022? Check out our updated article to learn.
Shiba Inu Price Prediction 2022–2030
- Shiba Inu price prediction 2022 varies wildly: from a moderate $0.000015 to an unrealistic $0.1;
- In 2025, the prospects of SHIB look bright. The most moderate target is more than twice the current price, and a bullish is a 372% profit;
- If Shiba Inu manages to live to see 2030, at the end of the decade it is predicted to reach 10x and even 20x profits.
What is Shiba Inu (SHIB)?
Shiba Inu was largely inspired by another dog meme coin, Dogecoin. The centralization of DOGE and its stagnation caused some blockchain developers, one of which is Ryoshi, to come up with an alternative.
Shiba Inu poses itself as a community-run fully decentralized cryptocurrency. Unlike the Dogecoin community, SHIBArmy is none too shy to take part in any crypto trend, keeping the relevance high.
It was launched in 2020, when DeFi was all the rage, and built a whole ecosystem of tokens. In 2021, it launched an NFT platform, and now the community has set their sights on the metaverse.
You’ll be able to find out more about Shiba Inu and the SHIB token in our Beginner’s Guide to SHIB.
Shiba Inu Price History in 2020–2022
At first, when SHIB had just launched, it was being traded for as little as $0.000000000145. The low price was in part due to the humongous supply of 500 quadrillion SHIB.
Both the price and trading volumes remained low until the first leg of the bull run on the crypto market of 2021. In a matter of a month, SHIB’s price skyrocketed from $0.00000008 to $0.00003503, an increase of 43,687%.
After the parabolic rise, the correction was also sharp and took SHIB down to $0.00000813. This level was maintained until the second leg up in October 2021.
At first, SHIB appreciated to $0.00003077 (adding 278%), and then, to its current ATH of $0.00008845 (another 187%) on October 28, 2021.
In late January 2022, it tanked to $0.00002051 in a few days but by February, it was back up to $0.00003255. This impulse was not enough to curb the downtrend that prevails over SHIB since its ATH.
At the time of writing, the SHIB price is $0.00002644 and it ranks 15th by market capitalization.
What Influences the SHIB Price?
Whale Holdings
Despite the team stressing the role of decentralization for Shiba Inu foundation, they could not stop the process of accumulation of SHIB by large holders. More than 79% of the liquid supply is stored at addresses that hold more than 0.1% of the circulating supply.
81% of the total on-chain transaction volume is transfers worth over $100,000. Large players can easily move the market with an order big enough, intentionally or not.
Adoption
Shiba Inu’s use cases are diverse on paper but have limited practicality. Nonetheless, it gained a global army of followers: in February 2022, it hit an all-time high in token holders, exceeding 1,175,000 addresses.
The Mover crypto card introduced support of the Shiba Inu ecosystem tokens in February 2022. It might be tricky at the moment to find a vendor in the Metaverse to use the NFT version of the card, but their debit card is accepted everywhere where Visa is supported.
SHIB is rallying because the token was added to the Robinhood Crypto roster.
The popular brokerage app previously caused massive runs in cryptos and stocks, including the one caused by the WallStreetBets movement.
Ecosystem News
Shiba Inu often jumps when the team announces a new foray or upgrade, as it often is with other assets. This is especially true for them, since they try to keep the interest in SHIB high consistently.
2021 introduced a metaverse trend, and it did not take long for the Shiba Inu team to try finding an application there. On Feb 8, 2022 they announced early development of a metaverse initiative, and in April started taking first bids for virtual land and revealed more details.
The community holds burn events to reduce the supply of SHIB and increase its scarcity. However, with all their combined efforts, they have removed 59.2 billion SHIB from circulation, or 0.01%.
SHIB on Twitter
Influencer Majestic is being bold but keeping it real: instead of aiming for a dollar or cent, he settles for predicting $0.001 for a SHIB.
The verified account of the Shiba Inu community shared a recap of what they called Woof Day. On April 12, several large announcements were made: Robinhood listing, the Metaverse and SHIB updates.
When there is elation in the news, the price is sure to follow. User SHIB KNIGHT claims the SHIB-USDT pair is about to break through the resistance.
Shiba Inu Price Prediction 2022
News outlet Finbold gives a bearish short-term prediction for SHIB, drawing a lower base level in the range between $0.000015 and $0.000022. Generally speaking, though, they give a bullish SHIB price prediction for 2022 and are confident it can beat its 2021’s ATH.
NewsBTC’s analyst Reynaldo Marquez gave a short-term prediction once Robinhood made the listing news official. The bulls used the $0.000018 five-month support to bounce off from, and the nearest resistance that can decide if the rally goes on lies at $0.000028.
YouTube is rife with constantly updating SHIB price predictions for 2022 and further, making exorbitant claims. The Crypto Investing channel shared a digest of an AMA with the Shiba Inu developers, according to which they will be working on making SHIB worth $0.1 this year.
For that to happen, though, the market capitalization SHIB has to reach amounts to roughly half of the global GDP in 2022 ($102,404B). To give a more crypto-wired comparison, SHIB has to have a market cap of 55 times the total market cap of all cryptocurrencies.
Shiba Inu Price Prediction for 2023 and 2024
In 2023, the average price of SHIB will gain 83% and reach $0.00004880, Coin Price Forecast predicts. Provided SHIB’s price history, this is quite reasonable.
According to Long Forecast, 2024 will be a profitable year for all current SHIB holders but not one without slumps. Summer 2024 will see SHIB scrape $0.0000317 but by the end of the year, it will be up by 119%, trading for $0.00006064.
Shiba Inu Price Prediction 2025
For such a long term, CryptoNewsZ expects SHIB to grow in price significantly with the mass adoption. By then, they forecast, Shiba Inu token will score $0.000125, which seems moderate.
Similarly a moderate forecast is given by PricePrediction.net. They put the target for average price at $0.00009777.
Investing Cube author Eno Ikenna Eteng is even less confident in SHIB, largely because of its unstable price and meme coin status. He is sure that SHIB will be worth at least $0.00007468 in a bullish scenario, though.
SHIB Price Prediction for 2030
No one knows for sure if Shiba Inu will stay to see 2030. The “meme coin” label did not stop Dogecoin from lasting eight years, but it is uncertain if the Shiba Inu team will keep their developing and promoting vigor.
In case business proceeds as usual, Cryptopolitan thinks SHIB will be traded for $0.00062691. Tech News Leader sees SHIB being worth anywhere between $0.00039692 and $0.00070609 in 2030.
ChangeHero Shiba Inu Coin Price Prediction
In our opinion, it’s safe to assume that in the near future SHIB will keep moving in the same patterns of parabolic pumps and sharp corrections.
The effort the community takes to accelerate these surges is nothing to sneeze at. However, it is curbed by large holders that can cause a selloff that will stop any rally in its tracks.
Considering that each surge of Shiba Inu was larger than before, it can beat its current ATH as soon as in 2022 or 2023.
How to get SHIB on ChangeHero?
Getting SHIB with crypto without sign-ups is possible on ChangeHero, and it’s very easy:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your SHIB wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. The Best Rate transactions will use the rate current to the time when your funds arrive. The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your SHIB are on the way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: support@changehero.io.
Conclusion
Shiba Inu was often dismissed as a copycat meme coin and a perpetual hype generator without substance, but savvy investors are able to reap the benefits of it regardless.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.
FAQ
What is Shiba Inu?
Shiba Inu (SHIB) is an ERC20 token that was created as a reaction to Dogecoin. The Shiba Inu team aims to achieve decentralization and innovation with their projects.
What will Shiba be worth in 2022?
Various sources give SHIB price predictions ranging from moderate $0.000015 to unrealistic $0.1.
What will Shiba be worth in 2025?
Experts name targets in the range between $0.00007468 and $0.00014063 for SHIB in 2025.
What will Shiba be worth in 2030?
By 2030, Shiba Inu can grow to $0.00079887 and even $0.00097547, analysts claim.
Will Shiba Inu reach $1?
For SHIB to reach even 10 cents, its market capitalization has to be about half of the entire world’s GDP in 2022, or more than fifty times the market cap of the entire crypto market. While a very bullish target, it is not realistic anytime soon.
Disclaimer
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.
