The simpler the better. This rule applies to the crypto industry as well. Created as the main rival of jokesome Dogecoin with no investments at all, the Shiba Inu token is now in the Top-15 cryptocurrencies by market cap. The project has grown into an ecosystem with a metaverse and its own decentralized exchange, and it is definitely showing something more promising than just being a memecoin. Let’s find out the Shiba Inu coin history and predict the Shiba Inu coin price.
Shiba Inu Price Prediction: What Will Be the Price of SHIB Coin in 2025?
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Table of Contents
SHIBA INU Fundamental Analysis
Shiba Inu was launched in August 2020 by an anonymous developer under the pseudonym “Ryoshi”. Their 3 main principles were: no investment in the cryptocurrency promotion, spending no dollars on creating a token, and the coin purchase by the founder had to be together with the entire community.
Shiba Inu, or SHIB, is the main token of the ecosystem which is fully run by the community. It is an ERC-20 standard token built on the Ethereum blockchain. Shiba Inu uses the Proof of Work (PoW) consensus mechanism but is in the process of transitioning to Proof of Stake (PoS).
The Shiba Inu project has received the most publicity because of the support of Elon Musk and Vitalik Buterin on social media. There even was one particular theory that Buterin is the co-founder of the project and Ryoshi's friend who staked 10 ETH to a Uniswap LP (liquidity pool) and burned the keys to support the idea, but he denied it on Lex Fridman's podcast on June 5, 2021.
Shiba Inu has its own decentralized exchange called ShibaSwap. It’s a peer-to-peer trading platform that allows users to trade SHIB and other cryptocurrencies without an intermediary, also it allows users to provide liquidity, stake tokens, and gain returns through their income reward system.
The Shib ecosystem also involves an NFT collection called "Shiboshis", which consists of 10000 pixelated cartoons of Shiba Inu dogs, and “Shiba Eternity”, a free-to-play collectible card game that showcases the Shiboshi world. In the future, Shib NFTs can be used for strategic gameplay and more.
“SHIB: The Metaverse” is a virtual representation of the Shiba Inu Universe that provides users with a way to earn passive income, collect in-game resources, generate rewards, and even have their own space to build and manage their projects.
Last but not least, there is the Shiba Inu community named ShibArmy. There are millions of supporters worldwide. In October 2021 SHIB holders created a petition calling for Robinhood to list the Shiba Inu coin, and they have collected over 320,000 signatures. Later community members started an initiative to make SHIB accepted as payment in McDonald’s. Thus, given the above, the well-being of Shiba Inu is definitely its community, and it is the main reason behind the Shib success.
SHIBA INU Live Price Chart
SHIB started 2022 with a price of $0.000034, but by January 11 it dropped to $0.00027. The next few days SHIB was trying to recover, and on January 13 it reached 0.000032. After that Shiba Inu was showing a downward trend, and by the end of the month it fell down to $0.000021. The price remained low till the beginning of February.
On February 8 SHIB suddenly jumped and reached a peak price of 2022 at the point of $0.000033. The price was slightly varying between $0.00003 and $0.000033 for a week. But then it leveled off to $0.000024, following the trend of the crypto market. Shiba Inu’s price stayed around that point till the end of the month. There was a short rise on March 2 to $0.000027, but since then SHIB was gradually losing its value. By the middle of March, it was trading for $0.000022.
The second part of March was showing signs of recovery for the crypto market, and SHIB started its upturn. By March 31 it hit the point of $0.00027 again.
Till the end of April, the Shiba Inu price was fluctuating widely between $0.00022 and $0.000027. By the beginning of May, the SHIB token was at the level of $0.00002, and it was around that price for the next few days before a significant decline to $0.000012 on May 13. Shiba Inu stayed constantly low till June 10, and then it dipped again and hit the lowest point of the year with the price of $0.00000772. The next month and a half SHIB was around $0.00001.
On August 15 Shiba Inu was up 30%, surging to $0.000017 thanks to the rise of Ethereum prices and to the news about the Shib crypto game. However, its bull run didn’t last long: in two days SHIB dropped back to the level of $0.000012.
The Shiba Inu price remained continuously low till the end of October. On October 30 the coin went up to $0.000013 and was around that point for a week.
On November 10 SHIB abruptly decreased to approximately $0.000009. The price remained static till the end of December.
Analyzing the chart, the SHIB price is unlikely to change in the nearest future.
SHIBA INU Technical Analysis
SHIBA INU Price Prediction
SHIBA INU Price Prediction for 2023
SHIBA INU Price Prediction for 2024
SHIBA INU Price Prediction for 2025
SHIBA INU Price Prediction for 2026
SHIBA INU Price Prediction for 2030
FAQ
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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).