Will Shiba Inu Coin reach $1? Shiba Inu Price Prediction 2023-2030
Shiba Inu Coin Price
Shiba Inu’s Performance, June 9th
- Last 5 Days: -7.5%, Outperformer*
- Last 30 Days: -10.5%, Outperformer
- 6 Months: -14.2%, Underperformer
- 1 Year: -24.8%, Underperformer
Investment Case: Moderate, Trading Case: Poor
Shiba Inu Price Chart and Other Resources
Latest Shiba Inu News, June 9th
- Shibarium project’s Community Poll unveils sentiment of the fastest growing projects building on the L2. A community poll conducted on the ShibArmy subreddit, with over 1,000 participants, revealed the top projects gaining traction on Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem. The poll highlighted the Shibarium Bridge, enabling seamless asset transfers from Ethereum to Shibarium, Shibarium Dapps encompassing decentralized exchanges, yield farms, and games, as well as the development of a Shibarium NFT Marketplace for buying, selling, and trading NFTs.
- Despite Shiba Inu’s current trading position below $0.00001, the community remains optimistic about Shibarium’s potential. The recent unveiling of the Shibarium burn portal and the success of the beta network, Puppynet, have boosted confidence in the project.
- On the Shib Metaverse, They are set to release the trailer for Rocket Pond tomorrow, signaling significant progress in the project.
- Is Shiba Inu Sinking? On Google Search, between the Crash of FTX and Today, search volumes for Bitcoin are down 14%. Search Volumes for Shiba Inu Coin are down 48%. Bitcoin is up 27% from before the FTX Crash, and Shiba Inu is down 29% in the same period.
- Further, no new posts on the main handle since May 18th
- No Update on Shibarium since April 28th
- There is no monthly update on the Metaverse for May. However, the twitter account is active.
To read about Shiba Inu Short Term Analysis (Continue), To Skip and Read Shiba Inu Long Term Analysis (Click here)
Shiba Inu Price Prediction this Week: For the next 7 days Shiba Inu will likely trade between $0.00000827 and $0.00000922
Shiba Inu Price Prediction 2023: Short-Term Analysis
Shiba Inu Price Prediction in the Next 6 Hours
Shiba Inu Price for the Next few Hours will be in the range of 0.00000787667 and 0.00000802667
Shiba Inu Price Prediction: Technical Analysis (June 9th)
The Shiba Inu price after falling below $0.0000080 witnessed a quick reversal and the price broke above $0.0000080 once again. But the buyers failed to push the price above $0.0000082 which gave the sellers an opportunity to drag the aset price below $0.80 once again. SHIB is technically bearish.
The net Shiba Inu coin price is below its 50-day as well as the 200-day Moving Averages. The 50-day MA of SHIB is around $0.00000830 and the 200-day MA is $0.00000864. When the net price of a coin is below these moving averages, it indicates that the average price over the specified periods is higher than the current trading price. This suggests that the coin’s price has been consistently declining over these respective timeframes.
Shiba Inu is technically bearish with $0.00000785 as the first level of support while the 50-day MA is the first level of resistance.
The RSI of Shiba Inu confirms the neutral trend. The RSI at the time of writing is 37.32 and it is above the oversold territory. The RSI is moving sideways indicating a sense of calm in the market.
The MACD value is now above the signal line, which indicates a “Neutral” stance. Additionally, the volume histogram bars have started to increase on the bullish axis.
The momentum oscillator of Shiba Inu is now within the bullish axis. The reversal in the overall trend can be noticed. The Fear and Greed indicator also confirms this trend. The F&G bars have started to develop in the Greed zone.
Overall, the Technical analysis suggests that the Shiba Inu coin is in a Neutral trend. Check out the Crowdwisdom360 Outlook Indicators which is updated every 12 hours.
Shiba Inu Price Prediction Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
Shiba Inu, Buy or Sell, Crowd Poll
Sentiments towards Shiba Inu have improved over the last 2 days.
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Latest Shiba Inu Video, June 9th
Shiba Inu Price Prediction $1
To reach $1, Shiba Inu will have to rise 90909 times. At $1, Shiba Inu’s Market Cap will be $524 Trillion. If Shib Price were to rise by 25% every year, it would take it 49 years to reach $1. Let us evaluate this data
- Quality of Investment – Moderate
- Growth required to reach $1 – Not Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $1 – Not Feasible
- Time required to reach $1 if Shib were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, Growth Required, and Time required, Shiba Inu can’t reach $1. Now Consider a scenario when 99% of the tokens are burnt.
Related Shiba Inu Questions
Will Shiba Inu Coin reach 1 cent, 25 Cents, 50 Cents?
Shiba Inu Price Prediction 2023: Long-Term Analysis
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 (756 Merchants).
Shiba Inu has experienced contrasting years, with a remarkable surge in 2021 and a significant decline in 2022. During the cryptocurrency market’s boom in 2021, Shib’s value soared from $0.00000001 in February to $0.00003379 by December, marking a staggering 3371x increase. However, in 2022, Shib faced a sharp drop of nearly 50%. To address the issue of high gas fees and enhance transaction efficiency, Shib’s developers are creating their own Layer-2 blockchain. 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.
Overall, Shiba Inu is a Moderate Case for Investment.
Will Shiba Inu coin reach $1? Factors that make Shiba Inu a dynamic cryptocurrency
Shiba Inu is one of the most dynamic cryptocurrencies in the market. It is one of the 3 tokens from the house of Shiba Inu developers, the other two are Bone and Leash.
There are four reasons why we characterize Shiba Inu as one of the most dynamic cryptocurrencies in the market:
- While we initially characterized it as a jack of all trades, Shib is gradually building an ecosystem that will drive Shib consumption (L2, Metaverse, DAO, DEX, and Gaming).
- Second, Shib has a community that drives coin awareness, usage, and burn.
- A combination of these two factors also makes Shib an increasingly accepted token for payment on many platforms.
- SHIB is ideal for those who are worried about price fluctuations, especially when transferring money between different platforms or countries. Unlike other cryptocurrencies that move significantly in value, SHIB USDT, its trading pair, never changes its value: wherein 1 SHIB: 1 USDT.
The strong community of Token Holders wants to know if Shiba Inu can reach 1 cent and even $1. While it is a symbolic target, it also shows the potential of the Token. Let us consider some scenarios –
Will Shib Burn Help Reach Shiba Inu $1?
To reach $1, Shiba Inu will have to rise 115,000 times. At $1, Shiba Inu’s Market Cap will be $5.2 Trillion. If Shib Price were to rise by 25% every year, it would take it 31 years to reach $1.
Therefore, even a burn program that would terminate 99% of the tokens would not help Shiba Inu reach $1.
Will Shiba Inu reach 1 dollar in 2030? The Burn Scenario
To reach $1, Shiba Inu will have to increase 77k times from the current price. This is not impossible and there are many ways in which Shiba Inu Coin can reach $1. The burning of a significant number of tokens is necessary to increase the price of each coin. For instance, if we burn 99.9999% of all the 549 trillion coins currently in circulation, the price would reach $1.15
The burn can be lower if many of Shib’s plans like Metaverse, Shib Swap, and Payment partnerships all take off and consume a lot of these tokens. However, none of these are practical scenarios.
Will Shiba Inu Coin reach $10?
To reach $10, Shiba Inu needs to grow by 790k times considering its current market price
Also, it reached its all-time high value of $0.000088 in November 2021, where it grew by 13.96 times in just four months.
Considering its past growth of 13.96 times in 4 months, we can say that Shiba Inu will require more than 29,119 years, which is not practical.
Therefore, we cannot see Shiba Inu reaching $10.
Will Shiba Inu coin reach $1,000?
Users wonder if Shiba Inu will reach $1000, but the answer is it won’t. Reaching $1000 would require a market cap exceeding that of some of the wealthiest nations, which is highly impractical. Additionally, the level of burning required (e.g., 99%) would defeat the purpose of reaching such a high value.
Shiba Inu Coin Price Prediction 2023, 2025 and 2030
Two of the most popular in-demand prediction questions or whether Shiba Inu will reach 1 cent and if Shiba Inu will reach $1. You can click the respective links to read that in great detail. This analysis focuses only on the period between 2023 and 2030
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 $0.0000142
Shiba Inu Price Prediction 2025
What will certainly be positive? Improved Macroeconomics, Liquidity
What will be less predictable? Blockchain and Token acceptance
Shiba Inu Price Prediction 2025 is $0.0000331
Shiba Inu Price Prediction 2030
While there are numerous unpredictable factors both micro and macro, Shiba Inu Projections for 2030 are optimistic.
Shiba Inu Price Prediction 2030 is $0.000172
Shib Coin Price Prediction 2040
While it is difficult to predict the price 18 years from now, Shiba Inu is predicted to reach $0.001621 if it rises 15% every year.
Shiba Inu Price Prediction 2023: Is Dogecoin Better than Shiba Inu?
Bitpay included Shiba Inu in December 2021, Dogecoin was included by Bitpay in March 2021. By the end of 2022, Dogecoin made up 9.8% of all payments through Bitpay while Shiba Inu made up 0.15% of all payments. Not just that, Shiba Inu payments are down from 0.5% share in August 2022 to 0.15% now. Dogecoin payments were up by 1% point during that period.
During the same period, Doge price was up 20.8% while Shiba Inu price is down 12.3%
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.
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 Prediction 2023: Are NFTs the future for Shiba Inu?
Shiba Inu’s collaboration with Bugatti for NFTs reportedly sold out in just four minutes, indicating the strong demand and potential in the NFT space. With the upcoming Shibarium project, it might be more advantageous for Shiba Inu to focus on becoming a major player in the NFT market rather than diverting resources toward smart contracts or DeFi.
Here is why Shiba Inu should use Shibarium to become a huge player in the NFT space rather than tangle in DeFi or smart contracts
- Shiba Inu has entered gaming through Shiba Eternity. There are 15k reviews on the Google Playstore (rating of 4.3) and a further 4k reviews on the Apple Appstore. Shiba Eternity is a collectible (NFT) oriented game. More such games could be launched directly or in collaboration/ partnership with other NFT-based gaming companies
- Shiba Inu has already sold land in its Metaverse project. While timelines for its launch are unclear, Metaverse’s extremely NFT friendly
- While Ethereum is a huge player in the NFT space and Solana is second, most of the rest are very small players, Shiba Inu has enough brand strength to start in 3rd place. In fact, players reluctant to shift from Solana to Polygon would be quite open to moving to Shiba Inu
All said and done, Shiba Inu is better placed to be a big player in NFTs than in DeFi or smart contracts.
Shib Inu Coin Price Prediction: Shib Burn Data
Total Supply: 589,361,038,832,734
Circulating Supply: 574,228,069,523,722
Total burnt from initial supply: 410,638,961,167,265
Will Shiba Inu Coin reach $1? Favorable Reasons for Shiba Inu’s Growth
While the probability of Shiba Inu Coin reaching $1 is low, there are many elements in favor of Shiba Inu
Substantial Development Work
Shiba Inu aims to move away from its meme coin status by introducing various projects. First of all, there is Shiba Eternity, which is a gaming project. Secondly, Shibaverse is a metaverse project. Thirdly, Shibarium is a layer-2 blockchain project. Fourthly, Shibaswap is a native DEX project. Fifthly, Shiboshis is an NFT collection project. In addition, Shiba Inu can be used for payments and partnerships, such as with Gucci, Tag Heuer, and AMC. Furthermore, burning tokens is another way to reduce circulation, and Shiba Inu is also stored by exchanges.
To begin with, it’s worth noting that several macroeconomic factors can impact the performance of cryptocurrencies. One such factor is the decrease in crude oil prices, which has been observed in recent weeks. Historically, whenever there has been a surge in crude oil prices, the crypto market has tended to crash. This was evident in the first half of 2022 when the price of crude oil soared and had a clear impact on the crypto market.
Another factor to consider is inflation, which has recently dropped back below 7%. It’s interesting to note that Shiba Inu reached its highest level when inflation was around 6%. However, as inflation continued to rise and hit 9%, Shib’s performance began to trend lower. Fortunately, in January 2023, inflation fell to 6.4% and there are indications that it could continue to decrease over the next few months. This could potentially be very good news for the crypto market as a whole
Will Shiba Inu reach 1 dollar? Risks and Caution for Investing in Shiba Inu
Historic and Forecast Data do not favor Shiba Inu
Some of the biggest Market Cap Cryptocurrencies and Stocks have not risen at the same pace as expected of Shiba Inu to rise to $1. Even current Shiba Inu Price Predictions suggest that Shiba Inu Price is unlikely to cross $0.0002 by 2030.
Shiba Inu’s Competition comes from ‘Meme’ as well as other Tokens
Shiba Inu, which started as a meme coin, is now attempting to offer almost everything (Payments, DAO, Metaverse, Layer-2 Blockchain, DeFi, etc). However, this strategy has a problem in that the best-performing coins are those that heavily differentiate themselves. For example, Blur a new NFT trading platform had a massive run as it gained market share from Opensea by building an aggressive reward system for high-value traders.
Recently Floki Inu has emerged as a major competitor in this space with an emphasis on NFT games. A generalist coin will find it difficult to add value, and from a portfolio perspective, it makes sense to diversify positions across multiple areas
Impossible to execute burn beyond a level
Investors should also note that burning many Shiba Inu coins is unlikely, as burning 50% or 99.9999% is impossible for a variety of reasons. Not all investors would be seeking abnormal returns, and some would be happy with much lower returns and would not be keen on burning their coins.
Biggest Fear: Will Shiba Inu Die?
Despite the active presence of the Shiba Inu community on social media and their aggressive efforts to drive ownership, it is important to note that Shiba Inu is not currently a major player in the payments or DeFi space. Despite strong community support for Shiba Eternity, it remains uncertain whether the hyperactive community can effectively drive token usage..Without an increase in usage, Shiba Inu could end up remaining a meme coin and end up dead.
Other Risks Include Market Volatility. Do not forget that Shiba Inu has lost more than 80% of its value from November 2021 while also gaining 50% this year.
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Can Shiba Inu reach 1 dollar? Conclusion
Shiba Inu can certainly reach $1 over the next 50 years if enough tokens are burnt and Shiba Inu implements the whole range of developments that have been promised. Further, the macroeconomic environment should mostly remain favorable during this period.
Shiba Inu Price Prediction 2023: 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.