Shiba Inu Price Prediction 2023, 2025: Shib Pumps after breaching key Resistance
Read on to know more about Shiba Inu Price Prediction 2023 and 2025
Shiba Inu Price Prediction Today: Shiba Inu is likely to trade between 0.00001161 and 0.00001230 today
Shiba Inu is likely to trade between 0.00001011 and 0.00001327 this week.
Latest Shiba Inu Price
Shiba Inu Price Performance
- Last 1 month: +75.5%, Outperformer*
- Last 6 months: +20.3%, Outperformer
- Last 1 year: -35.5%, Outperformer
Shiba Inu Technical Analysis (Daily)
- RSI: Buy
- STOCH RSI: Neutral
- MACD: Neutral
- Moving Averages: Strong Buy
- Overall: Strong Buy
The Shiba Inu team announced that Shibarium will be launched soon, details here
Is Shiba Inu a Good Investment?
Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. It was created in the year 2020 by an anonymous person named “Ryoshi”. The Shiba Inu token started with a supply of 1 quadrillion SHIB. 50% of the supply was locked in Uniswap and the other half was burned the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
Shiba Inu started after the success of Dogecoin, it is believed to be launched to mock Dogecoin (since it was a meme coin), it is also believed to be dubbed as the ‘Dogecoin Killer’. Since Dogecoin became popular as a meme coin, the founders decided to put the face of a dog’s breed and decided to start a coin. The success of Shiba Inu was huge which resulted in more knockoffs in the crypto market such as Elon’s rabbit, Baby Mon Floki, et cetera. SHIB really took off after it launched its Decentralized Exchange platform. From time to time, Shiba Inu has achieved new heights and will continue to do so.
Shib has one of the most aggressive consumer focussed agendas across all the cryptocurrencies. The Shiba Inu community has come to a realization that it can only rise if it gets rid of the meme coin tag and has some utility. To do that SHIB has come up with many projects.
The Shiba Inu Ecosystem
- Shiba Eternity: Shiba Inu launched gaming a few weeks ago and the response was quite good.
- Downloads have exceeded 100k on the Playstore and the average rating is a healthy 4.4. A total of 14.4k people have reviewed the game so far. Most players appear to love the game but most also complained about the lack of a smooth gaming experience
- On Apple Appstore, the average rating is 4.9 with 4.1k reviews. The Feedback is similar to the Playstore, love the game but the tech isn’t great.
- SHIBVERSE: Shiba Inu is making a jump for the metaverse space, since it is on the rise, Shibaverse’s entry should be easy since it is an already established coin.
- SHIBARIUM: SHIB is built on Ethereum’s blockchain which charges humongous GAS fees which hinder the investors to transact and decrease the flow of tokens or fiat money in the market. To counter this, SHIB developers are making their own Layer-2 blockchain which would remove gas fees, which may or may not be replaced by some other charge by the developers.
- Shibaswap: A native DEX for Shiba Inu
- Shiboshis: NFT Collection
- Shiba Inu Burn Portal: Shiba Inu Burn Tracker (Unofficial)
- Rewards (Leash), Bone (Governance Token)
- Doggy Dao: Shiba Inu makers have recently launched the first phase of Doggy DAO.
Use Cases of Shiba Inu
The use cases of Shiba Inu have increased, and there are many outlets both offline and online that have started to accept SHIB as a form of payment for some if not all of their goods.
- Payments – Partnerships (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
- SHIB Burn: SHIB developers are in the process of introducing a platform that would allow holders to burn SHIB tokens, which would reduce the number of tokens in circulation, and would reduce the burden of lack of scarcity.
Shiba Inu has been struggling through the last 12 months after inflation rose beyond 6% in November 2021. Over the last 12 months, the Federal Reserve began to reduce the size of its balance sheet as well as increase interest rates. This has reduced liquidity available for altcoins like Shiba Inu.
- In 2021 when the entire Cryptocurrency market was booming, Shib rose from $0.00000001 in Feb 2021 to $0.00003379 by December 2021. That is 3371x higher.
- In 2022 so far, Shib is down 65%. Let us look at all the Cryptocurrencies with more than 1 Billion Market cap. We then exclude Stablecoins. Shib is ranked 23rd among the top 49 coins with more than $1 Billion Market Cap. This is an average performance.
So in 2 years, Shib has one brilliant year and one average year, relatively speaking. Overall, one can say Shiba Inu is a Moderate Investment
Is Shiba Inu better than others?
The last 12 months have been a mixed bag for Shiba Inu
- Large Market Cap Tokens that Shiba Inu has Outperformed
- Large Market Cap Tokens that have outperformed Shiba Inu
- Ethereum and Matic have outperformed Shiba Inu but by only 8% points. Shib has outperformed big coins like Cardano because of a strong development and community focus.
- Overall, the performance can be classified as average with Tron at one end of the spectrum and Solana at the other
Will Shiba Inu Go Up?
The year 2022 has not been a good year not just for Shiba Inu but for the entire crypto market. Shiba Inu’s price is struggling and it has fallen over 70% this year. The likelihood of Shiba going back up is contingent on the following micro and macro factors
- Proven performance (no promises) on Shiba’s development plans – Shibarium, Metaverse, and such
- Burn rate that should increase to 3-4% per annum
- US Inflation rate is beginning to fall and the Fed is signaling that it won’t increase interest rates at the same pace
The top reasons why Shiba Inu will go up are as follows
- There are numerous use cases for Shiba Inu now – Payments, Gaming rewards, and DeFi (Early days).
- More use cases are being planned – Metaverse Token, NFT
- Shiba Inu is also executing plans for Shibarium, a layer-2 blockchain, this could enable a much larger ecosystem that will drive token demand and usage
- Shiba Inu has an active burn program that over time will lead to a significant contraction in the circulating volume of Shiba tokens. This will help Shiba Inu’s price to move higher.
- Last but not the least, Shiba Inu has an outstanding community, many of whom have held the coin for a long.
- The inflation rate continues to fall and is now heading below 7%
What are the risks of Investing in Shiba Inu
Investing in Cryptocurrencies is not for the faint-hearted. Altcoins (any coin other than Bitcoin) are very volatile and could swing 5-10% every day for days together. So, if you are uncomfortable with that kind of volatility, Shiba Inu is not appropriate for you.
Some of the best-performing cryptocurrencies in 2022 were very differentiated from the rest. That aside, Shiba Inu was not a fully differentiated cryptocurrency at the time of launch. While it is differentiating itself now, that is still a work in progress. If SHIB fails to differentiate itself sufficiently, new investors are likely to invest in cryptos that are quite different from the others.
- Increased Government regulations
- Lower liquidity in the macroeconomic environment
- Poor execution of Shiba Inu plans
Shiba Inu Coin Price Prediction 2023 and 2025
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.
The following prediction assumes a moderate scenario.
Shiba Inu Price Prediction 2023
What will certainly be positive? Improved Macroeconomics
What will certainly be negative? Increased regulations
What is likely to be less predictable? Market Liquidity, Shiba Inu plans execution.
In case everything works out really well, Shiba could double in price in 2023
Shiba Inu Price Prediction 2023 is $0.0000224
Shiba Inu Price Prediction 2025
What will certainly be positive? Improved Macroeconomics, Liquidity
What will be less predictable? Blockchain and Token acceptance
If everything works out really well, Shiba Inu Coin price prediction in 2025 could be 3 times higher which is close to $0.00003.
However, if the performance is moderate Shiba Inu Price Prediction 2025 is likely to be twice the current price.
Shiba Inu Price Prediction 2025 is $0.0000405
Shiba Inu Price Prediction Today: Outlook Summary
|Overall Outlook||Partially Negative|
|1. Market's Wisdom||Partially Positive|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Negative|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Lower|
Shiba Inu Vs Dogecoin
Dogecoin is a meme coin and is the most notable competitor of Shiba Inu. Let us have a comparison between the both:
- Shiba’s price has decreased by around 40% over the past year, whereas Dogecoin’s price has decreased by 32%.
- For the last six months, Shiba’s price has increased by around 4%. On the contrary, there is an increase of around 34% in Dogecoin’s price for this duration.
- SHIB’s price has increased by around 53% for the last month, in comparison to DOGE’s31% increase.
Thus, Dogecoin has certainly managed to perform better than SHIB for the last year. However, SHIB’s price is improving for the last month and outperforming DOGE as well.
What Influences Shiba Inu Price?
- September-October 2022
- Trading volume range: $90 M and $400 M
- Number of Days when Trading Volume was greater than $1 Billion: 0
- September-October 2021
- Trading volume range: $184 M and $18000 M
- Number of Days when Trading Volume was greater than $1 Billion: 14
The Shiba Inu development and community efforts have been quite positive and should help Shiba Inu. However, as analyzed earlier, the liquidity crash prevents a quick recovery. Macroeconomics is unlikely to recover this year and will probably recover later next year. Therefore, while Shiba Inu certainly go up, it is unlikely to be anytime soon.
Role of Whales
Sharkscan.io noticed a purchase worth $42,444 Shiba Inu tokens at an average price of $0.000022.
After this recent purchase, a total of $302,635 worth of $SHIB is recorded as holdings.
What factors triggered the price rise in 2022?
First Half of 2022
- January 11th to January 14th
- February 2nd to February 8th
- March 15th to March 27th
- April 12th to April 12th
- June 18th to June 26th
Second Half of 2022
- July 26th to August 15th
- October 25th to October 30th
Four major factors have driven gains this year
- Shiba Inu Burn announcements
- Robinhood listing and rumors
- Payment Partnership
- New upgrades and Developments
The gains have become smaller and fewer once the Federal began to increase interest rates. Therefore, liquidity is perhaps the biggest driver of Shiba Inu. Not a good sign at the moment.
Shib Inu Price Prediction? 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.
Check out our other Shiba Inu Articles
Will Shiba Inu Ever Recover?
Shiba Inu in 2021 was one of the best-performing cryptocurrencies. However, 2022 did not turn out to be the same for Shiba Inu. The price crashed massively and a larger chunk of Shiba Inu investors are currently at loss. But the crash of Shiba Inu is not because of flaws in Shib Inu or its ecosystem but it is due to the multiple macro factors or the geopolitical events that have led to the global economy crashing.
Talking about the recovery of Shiba Inu, Shib’s recovery will depend upon the favorable macros and the adoption and expansion of the Shiba Inu ecosystem. As blockchain technology progresses, the cryptos are no more just an alternative to fiat currencies but it has turned out to be utility tokens powering their own ecosystem.
The developers of Shiba Inu are working on making the Shiba Inu ecosystem on par with the rest of the top-performing blockchains. As of now most of the developments have been just on paper but as time progresses, we may see the Shiab Inu ecosystem expanding. Therefore, we can say that in the future, Shiba Inu will recover and attain its higher limits once again.
Shib Inu Coin Price Prediction: Shib Burn Data
Max Total Supply: 999,990,978,489,935
Total Supply: 589,616,521,095,221
Circulating Supply: 562,769,208,263,974
Total burnt from initial supply: 410,383,479,929,592
Can Shiba Inu make you rich?
No, Shiba Inu cannot make you rich. Here are 5 reasons why
- Global liquidity is unlikely to return to the levels of 2020-21 when Central Banks were driving up liquidity which led to a chase for speculative assets like Shiba Inu
- How developers execute various plans as well as how the regulatory environment evolves over time will determine Shiba Inu’s momentum ahead
- Third, Shiba Inu is planning or proposing to play in multiple segments – DEX, Gaming, Metaverse, Layer-2 blockchain, Payments etc. Each of these segments has strong specialist players who will probably easily overwhelm Shiba Inu
- Fourth, Shib has a great community, and communication from the Management is usually quite good. However, plan execution has been extremely slow
- If an Investor is not rich and says invests $10000, most predictions forecast they will be worth $200,000 by 2030. That is not rich by any means. On the other hand, if a person has the capacity to $100000, they possibly have multiple options and are already close to being rich
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.