Shiba Inu Price Prediction 2023-2030: Will Shib reach $1000, $100, $10?
Article Coverage: Shiba Inu Price Performance, Shiba Inu Performance Statistics, Buy or Sell Poll, Price Forecasts (Today, Tomorrow, Week and 2023-2030), Will Shiba Inu reach $10, $100, $1000 Is Shiba Inu a Good Investment?
Shiba Inu Coin Price
Total Number of Holders: 1.35 M, Total 100 Holders: 79.3%,
Shiba Inu Price Performance so far
All-time high: $0.00008845 (Oct 28, 2021), All-time low: $0.00000000008165 (Sep 01, 2020)
|Last 7 Days||+15.5%|
|Last 1 Month||+16.3%|
|Last 12 Months||+4.7%|
|Since Launch (2021)||+713450.0%|
Shiba Inu’s performance after Shibarium Launch:
- August 2023 to Nov 2023: +3.0%
Latest Shiba Inu News and Statistics
Shibarium Transactions surged over the last 2 days but it is unclear why that is the case.
- Shibarium network Statistics:
- Total Transactions: 52.1 Million [Rising]
- Average Block Time: 5 Seconds [Steady]
- Wallet Addresses: 1.29 Million [Rising]
- Shiba Inu Burn Statistics:
- Max Total Supply – 999,982,443,253,864
- Total burnt from initial supply – 410,671,692,935,177
- Total Supply – 589,328,307,064,822
- Circulating Supply – 580,713,332,293,080
- Staked (xSHIB) – 8,614,974,771,741 [Declining]
- Burnt in last 24 hours: 10,370,764$SHIB [Up by 805%]
- DeFi TVL: $0.854M [Rising]
Shiba Inu Buy or Sell?
Net Buy Rating = Buy%-Sell%
- July 1st: +20.0%
- Aug 1st: +20.5%
- Sept 1st: +32.0%
- Dec 5th: +33.8%
- Dec 7th: +33.9%
Shiba Inu Price Prediction Today, Tomorrow and Week
- Shiba Inu Price Prediction in the next 24 hours is between $0.0000101 and $0.0000104
- Shiba Inu Price Prediction this week is between $0.00000903 and $0.0000111
|1. Market's Wisdom||Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Partially Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Steady|
Shiba Inu Coin Price Prediction 2023, 2025 and 2030, Aggregated
There are multiple scenarios for Shiba Inu Price Predictions
Scenario 1 (Optimistic): Macroeconomy looks good, Regulations are Tolerable, Blockchains and Tokens Take off, Shiba Implements plans and remains contemporary on use cases.
Scenario 2 (Pessimistic): Tight regulations, Blockchains, and Tokens adopted gradually, Shiba Implements plans poorly or slowly with limited Use cases.
- Shiba Inu Price Prediction 2023 is $0.0000111
- Shiba Inu Price Prediction 2024 is $0.0000178
- Shiba Inu Price Prediction 2025 is $0.0000263
- Shiba Inu Price Prediction 2026 is $0.0000362
- Shiba Inu Price Prediction 2027 is $0.0000450
- Shiba Inu Price Prediction 2028 is $0.0000598
- Shiba Inu Price Prediction 2029 is $0.0000877
- Shiba Inu Price Prediction 2030 is $0.000132
Shib Coin Price Prediction 2040
While it is difficult to predict the price 17 years from now, Shiba Inu is expected to reach $0.001621 if it rises 15% every year.
Shib Coin Price Prediction 2050
It’s tough to nail down the exact price of crypto 27 years from now. But if Shiba Inu grows by 15% each year, its price could hit around $0.00030475 by 2050.
Shib Coin Price Prediction 5 years
According to the Shiba Inu price forecast, Shiba Inu is expected to reach a high of $0.00005562 and a low of $0.00000505 by the end of the 5th year (i.e., 2028). Additionally, the average price for Shiba is projected to be $0.0000535.
However, looking at other scenarios:
- If Shiba Inu grows at a rate of 15%, it could hit a price of $0.00001408 in the next 5 years.
- If it increases by 25% annually, we could see Shiba Inu for $0.00002136 by the end of the 5th year from now.
Will Shiba Inu Coin reach $1000? Calculations
In order for Shiba Inu to reach $1000, it would need to increase by a factor of 13,58,69,565. At $1000, SHIB’s Market Cap will be $ 597826 Trillion. If Shiba Inu were to grow at a rate of 25% each year, it would take about 84 years to reach $1000. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1000- Not Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $1000- Not Feasible
- Time required to reach $1000 if Shiba Inu were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Shiba Inu has NO chance of reaching $1000. Let us analyze it further
Is it possible for Shiba Inu to rise 13,58,69,565 times?
Shiba Inu would need to increase by 1,358,696,560 times. However, looking at the case of Bitcoin, which rose by 1,400 times in 10 years, it is not realistic to expect Shiba Inu to grow by such an enormous amount even under favorable market conditions.
Can we forecast accurately that a token will grow at a rate of 25% every year for the next 84 years?
No, a token cannot maintain a steady growth rate, and 84 years is a significant length of time. Therefore, it is impossible to accurately predict the growth rate of crypto for the next 84 years.
It is highly unlikely that SHIB would be able to sustain a consistent growth rate of 25% over such a long period of time.
Will Shiba Inu Coin reach $1000? Conclusion
- Shiba Inu has some good as a token.
- It is a moderate investment case.
- Shiba Inu cannot achieve the necessary growth rate within the given time frame.
- Reaching a market cap of $589 trillion is currently not feasible.
Although Shiba Inu’s utility has expanded beyond being just a meme coin, considering all factors, the chances of SHIB reaching $1000 within the specified time are highly unlikely.
Will Shiba Inu Coin reach $100?
To reach $100, Shiba Inu will have to rise 13285505 times. This translates into a market cap of $58456 trillion. This is impossible to achieve.
Realistically speaking, Shiba Inu will not be able to reach any of these targets. The best-case scenario is 1 cent and that too if most of the Coins are burnt.
Shiba Inu Price Forecast: Will Shiba Inu Coin reach $10?
In order for Shiba Inu to reach $10, it would need to increase by a factor of 12,61,352. At $10, SHIB’s Market Cap will be $5,890 Trillion. If Shiba Inu were to grow at a rate of 25% each year, it would take about 44 years to reach $10. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $10- Not Feasible
- Market Cap at $10- Not Feasible
- Time required to reach $10 if it were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required and time required, Shiba Inu cannot potentially reach a price as high as $10.
Shiba Inu price prediction after Shibarium launch
The recent launch of Shibarium might give Shib an advantage. Investors are ready to pay more for Shibarium’s potential. However, how Shibarium does with NFTs, DeFi, and other uses soon will shape Shiba Inu’s path forward.
Furthermore, it is highly anticipated that if market demand rises, Shibarium could significantly influence the SHIB price. Hence, Shibarium is likely to boost Shiba Inu’s price soon
Shiba Inu Price Prediction 2023: Is Shiba Inu a Good Investment?
Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. The Shiba Inu community has realized that it can only rise if it gets rid of the meme coin tag and has some utility. To do that, Shiba Inu has come up with many projects, such as
- Shiba Eternity (Gaming)
- Shibaverse (Metaverse, WIP)
- Shibarium (Layer 2 Blockchain, WIP)
- Shibaswap (DEX)
- Shiba Inu Burn Portal
- Rewards (Leash)
- Bone (Governance Token)
- Doggy DAO.
The use cases of Shiba Inu have increased, and many outlets both offline and online have started to accept SHIB as a form of payment for some if not all of their goods (766 Merchants). However, many investors think Shiba Inu is ‘Shit Coin’ despite there has been a strong development within the Shiba Inu projects.
The token has gained traction in the gaming industry, with the game Shiba Eternity amassing over 100k downloads on the Playstore and earning an average rating of 4.3. Leveraging its established status, Shibaverse’s entry into the metaverse space holds promise for future growth.
Shibarium is now LIVE.
- Unique Selling Point (USP):
- Cost-Efficiency: The main focus is on making transactions quicker and more cost-effective.
- Community: It has the support of the vast and devoted Shiba Inu community.
- Shibarium serves as a bridge between the Ethereum Network and itself, ensuring quick and safe transfers between chains.
- Users can delegate their tokens on Shibarium to earn rewards.
- BONE Token:
- Role: BONE is the primary gas token for all operations on Shibarium.
- Use Cases: It plays a major role as validators, is staked by delegators for rewards, and is pivotal in governance.
- Limitation: Due to the BONE contract renouncement, there’s a halt on any further minting of the token.
- Self-Sovereign Identity (SSI):
- Empowerment: SSI on Shibarium enables users to manage and control their digital identity and assets.
- Benefits: It opposes the current model where corporations benefit from user data, giving more power back to the users.
- Governance System:
- Shib Token: Overlooks the community aspects.
- Bone Token: Concentrates on technological advancements and functionalities for the community.
- Leash Token: Ensures protection and provides exclusive benefits.
- Treat Token: Boosts and empowers community-driven projects.
Overall, Shiba Inu is a Moderate Case for Investment.
Shiba Inu Forecast: How High Will Shiba Inu Go?
Given that the main target of the Shiba Army is to push the price of Shiba Inu to 1 cent. Here are the scenarios of how Shiba Inu could reach different milestones:
- If the Shiba Inu price increases by 30% annually it will take 25 years for Shiba Inu to reach 1 cent.
- If the Shiba Inu price increases by 50% annually it will take 16 years for Shiba Inu to reach 1 cent.
- If the Shiba Inu price increases by 30% annually it will take 34 years for Shiba Inu to reach 10 cents.
Is Shiba Inu Legit?
Callisto Network performed a detailed security audit on the SHIBA INU (SHIB) Token smart contract to ensure fund security. Key points from their report:
- High-severity issues: 0
- Medium-severity issues: 0
- Low-severity issues: 1
- Additional notes: 1
- No critical security issues were detected.
- Main Vulnerability:
- The contract lacks a transaction handling mechanism, a known vulnerability that has led to substantial financial losses in the past. They recommend adding specific code to address this.
- Suggested Security Practices:
- The contract should be open-source.
- A post-audit bug bounty program is suggested.
- Public testing is advised to uncover unforeseen issues.
- Implementing an automated anomaly detection system can help monitor unusual activities.
- Using a multi-signature setup for owner accounts adds an extra layer of security.
- It’s advised to include functions to deal with unintended token deposits and cross-chain address collisions.
Shib Inu Price Forecast: FAQs
Shiba Inu Price Prediction after 10 Years
It is very difficult to accurately the price of a cryptocurrency after 10 years. There are far too many variables and scenarios. That said, if SHIB were to grow conservatively at 20% per annum (Don’t forget the Burn), it would have grown 6 fold by that time. Essentially, $175000 would be worth a Million dollars in 10 years. However, the reality could be far worse or far better. It is difficult to predict beyond 2-3 year horizons.
Will Shiba Inu Ever Recover?
Shiba Inu, which was one of the best-performing cryptocurrencies in 2021, experienced a massive price crash in 2022. However, the crash was not due to any flaws in the Shiba Inu ecosystem but was a result of macro factors and geopolitical events that caused the global economy to crash. The recovery of Shiba Inu will depend on favorable macros and the adoption and expansion of the Shiba Inu ecosystem. The developers of Shiba Inu are working to make the Shiba Inu ecosystem on par with the top-performing blockchains, but most of the developments so far have been on paper. As blockchain technology progresses, cryptocurrencies are no longer just alternatives to fiat currencies but are becoming utility tokens powering their own ecosystems.
Shiba Inu Price Forecast: How to Buy Shiba Inu?
Shiba Inu, the Ethereum-based Cryptocurrency is gaining with every passing day. Like most Altcoins, Shiba Inu has similar steps to purchase. Here are the steps for “How To Buy Shiba Inu”:
- Finding a crypto exchange that has Shiba Inu coins listed
- Create an account with the Exchange
- Verify your identity
- Fund the Wallet
- Make the Purchase
Where to Buy Shiba Inu Coin?
There are several platforms where you can buy Shiba Inu. A few famous exchanges offering Shiba Inu are Binance, Crypto.com, Atomic Wallet, Voyager, SevenB, and KuCoin.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.