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Shiba Inu Price Prediction: Is Shiba Inu a Good Investment?

Shiba Inu coin future depends on many things — some of which can be forecast using fundamental and technical analysis. There are also experts and AI algorithms who make Shiba Inu coin price predictions. Look inside this article to find out more and decide whether you should buy Shiba Inu coin. 

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SHIBA INU Fundamental Analysis

Project name
SHIBA INU
Stock Symbol
SHIB
Current Price
0.00002139
Current Supply
589736157178588.8
Official Website

Shiba Inu (SHIB) is an ERC-20 token called “an experiment in decentralized spontaneous community building” by its founder known as Ryoshi. Launched as a meme token in 2020, it became the biggest hype in the spring of 2021. Such popularity has been caused in part by the growing awareness about the existence of the meme coins (SHIB is dubbed “Dogecoin killer”) and in large part by Elon Musk’s tweets. Its team is also inspired by the WallStreetBets subreddit going up against the Wall Street giants as an example of the decentralized collective effort. The principles described in Shiba Inu Woof Paper are: building something from zero, forging a community without preexisting connections, and, of course, the love of Shiba Inu dogs. 

SHIB is a part of the growing ecosystem being developed by the same team. There are also the LEASH and BONE tokens within the same ecosystem (and more tokens are in the works); the big project of the summer of 2021 is a decentralized exchange called ShibaSwap where those tokens are listed. Another known project is the Shiba Artist Incubator, which encourages artists in the community to create Shiba Inu NFTs. There are also other far-reaching plans, such as building SHIB’s own level 2 blockchain Shibarium, which in the long run should help with potential scalability issues and also may influence Shiba Inu's price in the future.

SHIBA INU Live Price Chart

Shiba Inu coin price shot up in the first half of May 2021, finally gaining its moment in the spotlight after months of relative obscurity and hitting its all-time high of $0.0000388. After that, the Shiba token experienced the same dip as the whole crypto sphere, following the Bitcoin bearish pattern. 

In the first half of the summer of 2021, SHIB price has been fluctuating between $0.00000500–0.00000900, with the dips getting smaller over time. The current interest in Shiba Inu crypto is fueled in part by the ongoing developments, for example, it was trading at local highs around the ShibaSwap release date. Furthermore, Dogecoin’s success grants Shiba a chance for future pumps and an advantage of sympathy trading, and Shiba’s market is still relatively small, thus having a lot of potential. So, the Shiba Inu price prediction chart may show a lot of growth in the future.

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SHIBA INU Technical Analysis

By mid-July 2021, Shiba Inu token price kept trending downwards, albeit more slowly than before. It failed to break out of the $0.000009 — $0.00001 resistance area and formed a descending wedge. It’s had very strong support at around $0.000005 – the lowest it has been since the beginning of May, which gives a reason to think it will bounce off this line even if it gets there. However, as it’s been said, the downward trend has slowed down, showing signs of consolidation, so it looks like a waiting game in the coming weeks.

SHIBA INU Price Prediction

Below we have collected the most reliable price projections for SHIBA INU (SHIB) from popular forecast platforms.

WalletInvestor SHIB Price Prediction for 2022, 2024, 2026

According to WalletInvestor, SHIBA INU price will grow from $0.00002139 to $0.0000614 in one year. That makes SHIB an awesome investment. The long-term earning potential is 187.05%. Predicted price for the end of 2027 is $0.000218.

TradingBeasts SHIB Price Prediction for 2023

Answering the question about if Shiba Inu is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $0.0000308 with a growth to $0.0000336 by the end of 2023.

DigitalCoin SHIB Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Shiba Inu cryptocurrency will rise in the next 5 years starting from $0.000034 as of today’s price to $0.0001509. It will go up to $0.0000498 by 2023 and continue its growth in 2024-2025. Based on this forecast, Shiba Inu is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, SHIBA INU (SHIB) projections are rather contradictory. There is no universal consensus either about positive or negative future SHIB price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the SHIBA INU projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

FAQ

How much is Shiba Inu coin worth?

Shiba Inu coin future price depends on many factors, as the crypto market is highly volatile. In July 2021 SHIB price was fluctuating between $0.00000500–0.00000900.

Will Shiba Inu coins reach 1 cent?

No, Shiba Inu coin price will hardly reach 1 cent. The current trend in Shiba coin price indicates that the probability of SHIB reaching $0.01 in the foreseeable future is low, although not impossible. 

Will Shiba get to $1?

From the middle of 2021, Shiba price hitting $1 seems unlikely. However, stranger things have happened; for example, the developers might surprise us with some new additions that will send Shiba to the moon.

Is Shiba coin legit?

Shiba coin does not look like an outright scam, so it’s as legit as other altcoins. The experts are unanimous in their positive Shiba Inu price predictions for 2025, which gives SHIB some additional weight.

Is Shiba Inu coin worth buying?

Shiba Inu coin price prediction for 2025 is promising, so it might turn out to be an incredible investment. In this case, it’s certainly worth getting into now. Keep in mind that as any crypto, or as any investment with potentially high reward, it also carries high risks, so any potential buyers need to do their own research and decide if Shiba Inu coin is worth it for themselves.

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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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