Shiba Inu (SHIB) today is in a peculiar position: it is still considered a meme coin by and large but its efforts to build something more are recognized. What kind of Shiba Inu token price prediction for 2024 is out there? Can it reach $0.1 by 2030 or 2040? Check out our updated article to learn.
Summary for Shiba Inu Price Prediction 2024–2034
- Shiba Inu’s price prediction varies wildly depending on the outlook, which makes sense given its turbulent price history.
- Bearish SHIB predictions tell us to expect it to lose much of its value between 2025 and 2030. After that, it should recover but not to the same level.
- Bullish Shiba Inu forecast, on the other hand, claims a new price record can be made between 2027 and 2028. From there on, the SHIB price can even erase a zero or two from its average trading price.
What is Shiba Inu (SHIB)?
Shiba Inu was largely inspired by another dog meme coin, Dogecoin. The centralization of DOGE and its stagnation caused some blockchain developers, one of whom is known as Ryoshi, to come up with an alternative.
Shiba Inu positions itself as a community-run fully decentralized cryptocurrency. Unlike the Dogecoin community, SHIBArmy is not too shy to take part in any crypto trend, keeping its relevance high.
It was launched in 2020 when DeFi was all the rage, and since then has built a whole ecosystem of digital assets. In 2021, it launched an NFT platform, and now the community has set its sights on the metaverse.
You’ll be able to find out more about Shiba Inu and the SHIB token in our Beginner’s Guide to SHIB.
Shiba Inu Price History
SHIB Price in 2020–2022
At first, when SHIB had just launched, it was being traded for as little as $0.000000000145. The low price was in part due to the humongous supply of 500 trillion SHIB. Both the price and trading volumes remained low until Shiba Inu came into the spotlight.
While one half of the SHIB total supply was immediately burned, the other was sent to Vitalik Buterin’s address. He subsequently proceeded to donate his entire share to the India Covid Relief fund. In just a month, SHIB’s price skyrocketed from $0.00000008 to $0.00003503, an increase of 43,687%.
After the parabolic rise, the correction was also sharp and took SHIB down to $0.00000813. This level was maintained until the second leg up in October 2021. At first, SHIB appreciated to $0.00003077 (adding 278%), and then, to its current ATH of $0.00008845 (another 187%) on October 28, 2021.
In late January 2022, it tanked to $0.00002051 in a few days but by February, it was back up to $0.00003255. This impulse was not enough to curb the downtrend that prevailed over SHIB from its ATH until well into the next year.
SHIB Price in 2023–2024
The Shiba Inu price movement in this time frame visibly mirrors the previous period. Starting low at $0.00000805, it bounced up to $0.00001471 by February 2023, only to tumble back down, locked in a downtrend. Although SHIB’s price experienced noticeable volatility throughout the year, it can be described as a lull in the market.
But then, in March 2024, the price of Shiba Inu virtually exploded from $0.000009667 to $0.00004534, making +388% in a week. Surprisingly enough, it was not connected with a single event but rather reflected the meme coin market trends at the time.
Unfortunately for SHIB holders, this rally would not be sustained for long. Shiba Inu’s price would go down from this high, finding footing only recently. At the time of writing, the SHIB price is $0.00001432 and it ranks 13th by market capitalization.
What Influences Shiba Inu’s Price?
Supply Dynamics
Despite the team stressing the role of decentralization for the Shiba Inu Foundation, they could not stop the accumulation of SHIB by large holders. More than 61% of the liquid supply is stored at addresses with more than 0.1% of the circulating supply each. Although a lot of these addresses belong to exchange wallets or contracts, there are examples like one address that holds 3.8% of the total supply of SHIB. Large players can easily move the market with orders large enough, intentionally or not.
The demand for SHIB can be influenced by external factors, too. A recent example is Shiba Inu’s positive performance against the backdrop of Federal rate cuts. A 60% trading volume boost caused a Shiba Inu coin price rise in value by 6%, although the price surge has mostly ended by now.
The community holds burn events to reduce the supply of SHIB and increase its scarcity. With all their combined efforts, they have already removed 238 billion SHIB tokens from circulation in addition to 41% sent to a dead address at the very start. However, with the total SHIB token supply of nearly 1 quadrillion, this amounts to 0.02%. The enormous initial supply is a factor holding Shiba Inu back from reaching even a fraction of a cent due to supply dilution.
Ecosystem News
Shiba Inu often jumps when the team announces a new foray or upgrade, as often is the case with other assets. This is especially true for them since they try to keep the community’s interest in Shiba Inu’s future so high consistently.
Most recently, SHIB.io’s marketing lead has teased an update to the Shiba Inu ecosystem that has to do with the TREAT token. Not much is known about the ‘mysterious evolution’, although a few hints in their post suggest TREAT will find use in the metaverse and will see Shiba Inu further depart from the meme status.
Meme Coin Market Sentiment
Shiba Inu coin has rallied on the news of the Fed rates cut because it is an asset as high-risk as it gets: a meme coin. Normally, lower rates make investors more cautious with their choices but contrarian strategies are also valid to an extent. Due to being a meme coin, Shiba Inu should not be expected to trade like regular stocks.
However, Shiba Inu is a product of its time: 2021 was a time of a bull market in crypto markets, and by now, the meme coin game has completely changed. SHIB is facing competition from newer tokens, such as PEPE and WIF. Imbuing meme coins with a value proposition no longer seems to be a requirement, with tools like Solana-based Pump.fun that let anyone make a meme token of their own.
The SHIB team seems aware of this and continues trying to distance itself from the status and build something of value. And yet, from the trader’s perspective, there is not much difference due to the inherent features of Shiba Inu such as a large supply.
Shiba Inu (SHIB) Price Forecast and Analysis
Trader MetaShackle provided an update to Shiba Inu’s price action on TradingView:
After three wedges failed to produce a breakout, and with price action continuing downward, creating a very defined price channel, SHIBA has, for the first time since forming the massive breakout flag pattern, broken out of the current wedge to the upside.
This could be a sign of good things to come!
Good luck, and always use a stop loss!
Shiba Inu Price Prediction 2024
News outlet Coingape gives a short-term Shiba Inu prediction that highlights a bullish scenario. In the best case, breaching the $0.000015 resistance level can bring it closer to $0.000017 and $0.00002.
Crypto Chester, platformed by Cryptonews on YouTube, provides an even deeper dive into the short-term Shiba Inu price forecast. Due to the historically pessimistic performance of the crypto market in September, he bets more on the move to the downside but the one that will resolve in a bounce to the upside. The levels to watch are $0.00001442 and support at $0.00001281 and $0.00001208.
A Shiba Inu price prediction by AMB Crypto echoes the sentiment and prepares for the worst before it gets any better. Neutral to bearish indicators suggest that the local low at $0.00001336 will be revisited before any upside price action.
Shiba Inu Price Prediction for 2025
In 2025, the average price of SHIB will gain just 38% and reach a maximum price of $0.00001942 by the year’s end, the Coin Price Forecast predicts. Provided SHIB’s price history, this is quite reasonable, albeit too tempered.
According to Long Forecast, 2025 will be a profitable year for all current SHIB holders but not one without slumps. Summer 2025 will see minimum SHIB price scrape $0.0000093 but by the end of the year, it will be up by 69%, trading for $0.00002524 at the peak.
A more bullish Shiba Inu prediction is given by Coingape, in which by 2025 they forecast a 53.5% to 60% ROI. This makes the future SHIB prices $0.0000131–$0.0000224.
Shiba Inu Price Prediction 2026–2029
| Year | Digital Coin | Crypto.ro | BitScreener |
| 2026 | $0.0000417–0.0000515 | $0.00000025–0.0000004 | $0.00001592–0.00002841 |
| 2027 | $0.0000544–0.0000651 | $0.0000002–0.0000003 | $0.00001663–0.00005535 |
| 2028 | $0.0000544–0.0000651 | $0.00000015–0.00000027 | $0.00002045–0.0001096 |
| 2029 | $0.000067–0.0000751 | $0.0000003–0.00000052 | $0.00002834–0.00005114 |
Shiba Inu Price Prediction for 2030 and Beyond
No one knows for sure if Shiba Inu will stay to see 2030. The meme coin label did not stop Dogecoin from lasting eight years, but it is uncertain if the Shiba Inu team will keep developing and promoting at the same pace.
In case business proceeds as usual, Cryptopolitan predicts SHIB will be traded for $0.000138–$0.000166. Investing Haven sees SHIB peaking at $0.000144 in 2030. CoinCodex provides a more flexible estimate of $0.00001601–0.00005581 in their Shiba Inu average price prediction.
In ten years or 2034, according to Coin Data Flow, SHIB’s price will grow to anywhere between $0.000038 and $0.00012. A 2040 Shiba Inu forecast by CryptoNewsZ pins the future Shiba Inu’s price to $0.0045–0.0058.
How to Buy Shiba Inu (SHIB) on ChangeHero?
Getting SHIB with crypto without sign-ups is possible on ChangeHero, and it’s very easy:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your SHIB is on the way to your wallet.
ChangeHero’s customer support is available 24/7 through chat on our website or through the email: [email protected].
Conclusion
Shiba Inu no longer comes up first when we are thinking about meme coins, as there are way more trendier ones in the cryptocurrency market today. Nevertheless, it remains true to its ethos and an asset many crypto investors keep intently watching.
What do you think about these predictions? Let us know on our social media: X, Facebook, Reddit, and Telegram, and browse our blog for more!
Frequently Asked Questions
What will Shiba be worth in 2025?
Various sources give SHIB price predictions ranging from bearish $0.0000093 to bullish $0.00002524.
Will the Shiba Inu coin reach $1 in 2030?
Experts name targets in the range between $0.00001601 and $0.000166 for SHIB in 2025. A Shiba Inu price prediction of $1 is unrealistic even in 2030 due to its gigantic circulating supply.
What will Shiba Inu be worth in 2040?
By 2030, Shiba Inu (SHIB) can potentially see its minimum price grow to $0.0045 and even $0.0058, experts claim.
Will Shiba Inu reach 5 cents?
For SHIB to reach even 1 cent, its market capitalization has to be more than fifty times the market cap of the entire crypto market. While a very bullish target, it is not realistic anytime soon.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
