As the supply of SHIB keeps increasing with no one burning, the chances of the token hitting $0 are very high. If you purchased Shiba Inu during the 2021 rally with high hopes of making a huge profit and you are now disappointed.
It was just 850 million SHIB. If Shiba Inu continues to burn at this rate it would take 51,509 years to burn 90% of the original Shiba Inu supply. Leaving just 10% of the SHIB supply would mean 100 trillion tokens left over. To reach a Shiba Inu price of $0.01 there would need to be a market cap of $1 trillion.
Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023. In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally.
Shiba Inu is one of the potential crypto to explode in 2023. Don't forget that Shib's price action has a lot to do with the performance of the broader crypto market. As such, if Bitcoin slows down in 2023, then Shib could either correct in 2023 or make marginal gains compared to its previous moves.
It is also important to note that shiba inu has no intrinsic value. It may seem valuable, considering its market cap, but its value is only entertainment-based. Keeping this in mind, it would not be wise to invest too much of your money in shib.
According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022. They also predict that the Shiba Inu price will touch $0.00015 by 2023, $0.0002 by 2025, and $0.01 by 2030, making an all-time hit.
Shiba Inu Price Prediction 2024
Because of the Metaverse platform, the SHIB price is expected to create a new high in 2024. The average trading price of the Shiba Inu crypto will be $0.00003041 per the technical analysis.
2025 Shiba Inu Price Prediction
Changelly has an optimistic outlook on Shiba Inu in 2025. The minimum SHIB price is predicted to fall to $0.0000249 in 2025, while its maximum price could be $0.0000300. Changelly expects it to trade at about $0.0000256. From current prices, this would be over a 200% ROI.
Coin Price Forecast believes shib could increase by about 2% by the end of 2022, to $0.00000944.
Coin Price Forecast has predicted that Shiba Inu's price could range anywhere between $0.00004183 and $0.00005048 in 2025. The average trading cost of SHIB is expected to be $0.00004335 in 2025. Experts also expect the coin to break its all-time high by 2025. Overall, the coin's value may increase by 271%.
Can Shiba Hit 10 Cents? As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 years.
With supply continually going down, and demand on the rise, Shiba Inu is likely to test the $0.001 mark in 2030 for the first time since it was launched. This would cement Shiba Inu's position as one of the best performing cryptocurrencies ever made.
Shiba Inu Price Prediction 2024
After the analysis of the prices of Shiba Inu in previous years, it is assumed that in 2023, the minimum price of Shiba Inu will be around $0.0000163184. The maximum expected SHIB price may be around $0.000020068. On average, the trading price might be $0.0000169283 in 2023.
Currently, there is no reason to doubt that Shiba Inu will not reach US$0.5 by the end of 2022.
Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by the end of 2023 and rise to a further $0.0002 by 2025. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2023 trading at $0.00017 before rising to $0.0017 by December 2025.
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.
Shiba Inu's price prediction expects to rise to $0.00001 in 2022, $0.0002 by 2025, and a high of $0.001 by 2030. If Shiba Inu hits these targets, it will increase by 86,330% by 2030. Most of these predictions are based on the past performance of SHIB, especially in 2021.
For instance, digital asset specialist Telegaon has outlined a scenario in which Shiba Inu could surpass $5 by 2050.
A trip to the doghouse is more likely than $0.01 by 2023
Without anything resembling a competitive edge or lasting differentiation, Shiba Inu is probably going to struggle to stand out in the rapidly growing crypto arena.
At that pace, it would take more than 7,100 years to achieve the goal. On a positive note, that's a little sooner than one of my previous predictions of more than 10,000 years. But the bottom line is this: Not only will Shiba Inu fail to reach $1 in 2023, but it's also unlikely to get there in our lifetime.
Shiba Inu will not reach 1 cent by 2025 because to reach 1 cent Shib coin will have to reach a market cap of 1 Trillion (2 Times Apple) in 3 years or burn 90% of all SHIB coins in the next 3 years. Both are highly impractical at the moment.
How Many SHIB Coins Are Left? SHIB started with a supply of 1 quadrillion, in which 50% was locked in Uniswap, while the other half was burned to Ethereum co-founder Vitalik Buterin. Currently, there are 497 trillion SHIB tokens (not coins) in circulation, with a total supply of 1 quadrillion.
According to TechNewsLeader's Shiba Inu coin price prediction for 2030, the token is expected to rise to an average price of about $0.00029591 by the end of 2030, representing an increase of over 2,500% at the time of writing.
The average predicted price of Shiba Inu in 2025 is US$0.000726. The Shiba Inu price dynamics have been crazy last year. The SHIB coin skyrocketed in May in a very short period of time. However, it didn't succeed at keeping its position.
However, more importantly, to reach $1 Shiba Inu would need to reach a market value north of $400 trillion – this value is greater than the value of the entire global economy! As a result, it is more or less impossible for Shiba Inu to ever reach $1.