Here are some key highlights based on our prediction of the Shiba Inu coin price:
- The current price of SHIB is $0.00001343 (USD).
- The latest Shiba Inu forecast indicates that its value will increase by 22.27% and reach $0.00002223 by September 08, 2024.
- Our analysis indicates the market sentiment as Bearish for SHIB.
- Shiba Inu has had 14/30 (47%) green days and 3.90% volatility.
Shiba Inu Coin Overview & Statistics
Shiba Inu a.k.a SHIB is a popular dog-themed meme coin, ranked second in its category with a market cap of over $9.94 billion. Known as the “Dogecoin killer,” Shiba Inu aims to benefit its community rather than just providing entertainment. SHIB is an ERC-20 token secured by Proof of Work consensus. Its main features include ShibaSwap, Shiboshis, and the Shiba Inu Incubator.
Speculation is that it could end the year on a higher note. The article takes this aspect into detail and crafts its way to present the Shiba Inu price prediction for the coming years starting from 2024 to 2030. The market sentiment is bearish at the moment but there is potential for a bull run in the times to come.
| Shiba Inu Statistics | |
| Cryptocurrency | Shiba Inu |
| Token | SHIB |
| Price | $ 0.00001343 |
| Price Change (24h) | -3.46% |
| Price Change (7d) | -6.63% |
| Market Cap $ | $7,715,799,285 |
| Trading Volume | $189,733,221 |
| Circulating Supply | 589,269,844,654,965 SHIB |
| All-Time High | $0.00008845 |
| All-time Low | $0.00000000008165 |
| Volatility | 4.26% |
| Sentiment | Bearish |
| Fear-Greed Index | 29 (Fear) |
| Green Days | 14/30 (47%) |
Shiba Inu Price Prediction: 2024-2030
Considering the historical price movements of Shiba Inu and the BTC halving cycles, the projected yearly low for Shiba Inu in 2025 is $0.00001136. On the other hand, it is anticipated that Shiba Inu could reach as high as $0.00005913 next year. Based on these factors, here is the Shiba Inu price prediction for each year until 2030.
| Price Prediction: 2024-2030 | |||
| Year | Yearly Low | Average Price | Yearly High |
| 2024 | $0.00001311 | $0.00001344 | $0.00001377 |
| 2025 | $0.00001136 | $0.00003525 | $0.00005913 |
| 2026 | $0.00001268 | $0.00001971 | $0.00002674 |
| 2027 | $0.00001183 | $0.00001472 | $0.00001761 |
| 2028 | $0.00001285 | $0.00002579 | $0.00003872 |
| 2029 | $0.00001111 | $0.00007161 | $0.00013210 |
| 2030 | $0.00001446 | $0.00003231 | $0.00005015 |
Shiba Inu Coin Price Prediction 2024
Shiba Inu is doing well in 2024. With yearly lows and highs potentially reaching $0.00001311 and $0.00001377, respectively, its predicted average value is $0.00001344. These numbers indicate a possible increase that may attract traders and investors because they are far higher than the going market rates.
Shiba Inu Coin Price Prediction 2025
Shiba Inu is likely to make a good impression in 2025. It is expected to summarize the timeline with an average value of $0.00003525. Yearly lows and yearly highs are predicted to be around $0.00001136 and $0.00005913 respectively, applicable in the same order. Both values are higher than the current flow on exchange platforms. They further instill a sense of bull run in the minds of traders and investors.
Shiba Inu Coin Price Prediction 2026
The year is likely to sustain the growth that a shiba inu coin achieves in 2026. The yearly average is speculated to hover around $0.00001971 with lows and highs of $0.00001268 and $0.00002674, respectively. This showcases that the growth in 2026 would suffice for two years, or changes could be less than significant.
Shiba Inu Coin Price Prediction 2027
Shiba Inu is potentially looking at 2027 as another year of a bull run. The average token value comes to around $0.00001472 with lows and highs at $0.00001183 and $0.00001761, in the same order. Shiba Inu coin has been aiming to dethrone Dogecoin for a long time. This could be the year when it inches closer to DOGE in terms of market cap.
Shiba Inu Coin Price Prediction 2028
Enthusiasts within the ecosystem of SHIB speculate the arrival of meme coin’s ETF at the earliest. Approval of Spot Ether ETF would be significant in showcasing the road ahead. Shiba coin price prediction without that scenario in the picture brings the average to $0.00002579 with lows and highs of $0.00001285 and $0.00003872, respectively. It also remains to be seen how well the utility of SHIB expands in the next 3-5 years.
Shiba Inu Coin Price Prediction 2029
A continuation of the sentiment from the previous year will bring an average of $0.00007161. Yearly highs and lows could be around $0.00013210 and $0.00001111 respectively, applicable in the same order. Shiba Inu coin will remain closer to achieving the target of 1 cent by the end of this year, that is 2029.
Shiba Inu Coin Price Prediction 2030
Yearly highs and lows for SHIB in 2030 could be $0.00005015 and $0.00001446, respectively. The community can expect the price to average at $0.00003231. It still keeps the target of $0.1 on the horizon.
Shiba Coin Price Prediction: 30 Days
Shiba Inu is projected to rise by 22.27% next month, reaching a price of $0.00002223 by September 08, 2024. This forecast is based on analyzing the cryptocurrency’s performance over the past 30 days.
| Date | Price | Change |
| Sep 6, 2024 | $0.00001356 | 0.00% |
| Sep 7, 2024 | $0.00001728 | 21.53% |
| Sep 8, 2024 | $0.00002223 | 22.27% |
| Sep 9, 2024 | $0.00002750 | 19.16% |
| Sep 10, 2024 | $0.00002918 | 5.76% |
| Sep 11, 2024 | $0.00002529 | -15.38% |
| Sep 12, 2024 | $0.00002096 | -20.66% |
| Sep 13, 2024 | $0.00002138 | 1.96% |
| Sep 14, 2024 | $0.00002015 | -6.10% |
| Sep 15, 2024 | $0.00001887 | -6.78% |
| Sep 16, 2024 | $0.00001838 | -2.67% |
| Sep 17, 2024 | $0.00001866 | 1.50% |
| Sep 18, 2024 | $0.00001887 | 1.11% |
| Sep 19, 2024 | $0.00001629 | -15.84% |
| Sep 20, 2024 | $0.00001480 | -10.07% |
| Sep 21, 2024 | $0.00001388 | -6.63% |
| Sep 22, 2024 | $0.00001313 | -5.71% |
| Sep 23, 2024 | $0.00001256 | -4.54% |
| Sep 24, 2024 | $0.00001288 | 2.48% |
| Sep 25, 2024 | $0.00001342 | 4.02% |
| Sep 26, 2024 | $0.00001384 | 3.03% |
| Sep 27, 2024 | $0.00001398 | 1.00% |
| Sep 28, 2024 | $0.00001381 | -1.23% |
| Sep 29, 2024 | $0.00001339 | -3.14% |
| Sep 30, 2024 | $0.00001289 | -3.88% |
| Oct 1, 2024 | $0.00001269 | -1.58% |
| Oct 2, 2024 | $0.00001268 | -0.08% |
| Oct 3, 2024 | $0.00001282 | 1.09% |
| Oct 4, 2024 | $0.00001308 | 1.99% |
| Oct 5, 2024 | $0.00001342 | 2.53% |
Technical Analysis Of Shiba Inu Price
Shiba Inu price today is trading at $0.00001343 with a 24-hour volume of $189,733,221. The graph illustrates the price fluctuations of Shiba Inu against the US Dollar (SHIB/USD) on the Bitstamp exchange over six months, specifically from start of March to August 2024. The market capitalization of the Shiba coin is $7,715,799,285.
Key Observations:
Downward Trend: The overall price trend of SHIB is downward during the displayed period.
Volatility: The price has experienced significant fluctuations with periods of both upward and downward spikes.
High and Low: The highest price point (High) is indicated at $0.00004747 USD, while the lowest (Low) is at $0.00000947 USD.
Trading Volume: The volume of SHIB traded, represented by the green and red bars, varies significantly throughout the chart.
The chart indicates that SHIB has been in a relatively volatile market condition with a general downward trend. The price has experienced several rallies, but these have been followed by corrections. The trading volume suggests periods of increased interest and activity in the SHIB market.
Shiba Inu Coin Price History
Explore the full history of Shiba Inu Coin price with our comprehensive historical price data page. The chart presents Shiba Inu’s (SHIB) price history against the US Dollar (USD) on the Bitstamp exchange, spanning all time.
Key Observations:
Downward Trend: The overall price trend of SHIB is downward during the displayed period.
Volatility: The price has experienced significant fluctuations with both upward and downward spikes.
High and Low: The highest price point (High) is indicated at $0.00004747 USD, while the lowest (Low) is at $0.00000578 USD.
Trading Volume: The volume of SHIB traded, represented by the green and red bars, varies significantly throughout the chart.
The chart indicates that SHIB has been in relatively volatile market conditions with a general downward trend over the past month. The price has experienced several rallies, but corrections have followed these. The trading volume suggests increased interest and activity in the SHIB market.
Is Now The Time To Buy, Sell, Or Hold SHIB?
Buying the dip is a natural course of action; however, it is hard to identify the low for SHIB at the moment. Given the speculation, one can consider adding Shiba Inu coin to their portfolios. An ideal way is to do a thorough research and risk assessment before allocating funds to SHIB, or any other cryptocurrency for that matter.
Also, it will depend on the nature of the trade one wants to execute. Short-term trades may not be as expected but long-term trades may fetch decent profits.
Factors Influencing Shiba Coin Price
Several factors that influence the shiba coin price includes:
- Macro Trends
- Meme Coins
- Clarity in regulatory compliance
- Recognition by relevant authorities
- Overall sentiment towards the crypto market
- Decision to cut rates by the Federal Reserve
Also, meme coins are not always taken as seriously as other altcoins are taken. Meme coins are majorly influenced by trends that are evident on social media like X, Facebook, and Reddit, among others.
Conclusion
Despite its popularity and huge market capitalization, Shiba Inu (SHIB) faces a bearish market sentiment. Shiba Inu has already shown growth potential; however, its recent performance points to a decreasing trend. Even while short-term forecasts indicate that prices might rise by August 12, 2024, the condition of the market as a whole is complex. Before making any investment decisions, investors must approach SHIB cautiously and thoroughly investigate the company. The market for cryptocurrencies is quite volatile , and major fluctuations in the value of meme currencies like Shiba Inu can occur.
Shiba Inu Price Prediction FAQ
Will Shiba Inu reach $1?
The milestone of $1 is not in sight soon; however, it could still happen one day. Sustaining the ongoing momentum makes it difficult for SHIB to capture that mark anytime soon.
Will Shiba Inu reach 1 cent?
Shiba Inu can reach $0.1 but by 2035. The target can be achieved earlier provided all factors align favorably.
Does the Shiba Inu coin have a future?
Its future is uncertain and depends on community support along with other factors like support from the crypto market.
What is the current Shiba Inu sentiment?
The current sentiment is bearish for Shiba Inu (SHIB).
Is it profitable to invest in Shiba Inu?
Shiba Inu is expected to rise in the future. So, it should be a good investment. It is still recommended to do thorough research and risk assessment before investing in crypto.
What is Shiba Inu’s 50-day SMA and what does it indicate?
The 50-day SMA of SHIB is $0.00004317. It means that the current value is lower than it should be. The 50-day SMA also goes on to indicate that a bull run is expected.
What is Shiba Inu’s 14-day RSI and what does it indicate?
The 14-day RSI of Shiba Inu is 62.53. Changes have been on a broader range. It indicates the time to buy and a bull run to come.
