The opinion of respected crypto experts and technical-based analysis combined provide a Shiba Inu coin price prediction that shows this meme-based coin has the potential to surge to over 700% between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Shiba Inu Coin.
“True progress lies in the direction of decentralization.”– Peter Kropotkin
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Whether you’re a new or experienced crypto trader, you’ve likely heard of Dogecoin. The crypto began as a joke and was named after a meme of a dog. However, this isn’t the only meme-based currency out there, nor is it exclusively surrounded by incredible price surges. Another newcomer to the scene is Shiba Inu, abbreviated as SHIB.
Based around the Japanese Shiba Inu hunting dog, SHIB markets itself as an improved version of Dogecoin and has been labeled as “the dogecoin killer”. In recent months, it has seen returns on investment of up to …. Leading to increased demand for an accurate Shiba Inu Coin price prediction.
But are you wondering if it’s too late to start investing in Shiba Inu? You’re not alone, many people are curious about whether investing in Shiba Inunow is a good idea. I was one of those people until I began to use a range of factors to research the future price of Shiba Inu such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Shiba Inu. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Shiba Inu Coin price prediction aims to answer all. But first, let’s start with just what Shiba Inu actually is and how it works.
What is Shiba Inu?
Shiba Inu appeared on the crypto scene over a decade after Bitcoin and 7 years after Dogecoin. It was released in August 2020 but recently saw phenomenal growth and significant gains in investment. It’s referred to as SHIB on many exchanges and runs on the Ethereum blockchain.
For many serious crypto investors, albeit initially, SHIB was taken as a joke coin and failed to gain any serious following. However, this joke status was soon shattered when Shiba Inu demonstrated the ability to surge in value. Particularly as its following grows and an increasing number of people invest in it or endorse it, the more famous the better as many discovered in 2021.
Due to being effectively rivals, Shiba Inu is very much linked to the price of Dogecoin. When Elon Musk effectively endorsed the latter, many Dogecoin investors expected a subsequent price surge. However, the opposite happened and the price of DOGE dropped by almost half. SHIB, on the other hand, surged to new all-time highs!
The founder of SHIB has claimed that it has the ability to outpace Dogecoin and overtake it, effectively becoming a “Dogecoin killer”. But is it true? Our Shiba Inu Coin price prediction aims to find out!
Pros and cons of Shiba Inu Coin
Like any cryptocurrency, Shiba Inu Coin has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Shiba Inu Coin.
|✔️ Very affordable entry price for new investors.||❌ Not an independent blockchain|
|✔️ The ability to interact with DeFi projects on Ethereum.||❌ Struggling to overtake Dogecoin as the leader of meme-based currencies.|
|✔️ Shiba Inu Coin boasts an Impressive Trading Volume.|
Shiba Inu FAQ
Do you still have questions about Shiba Inu? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about SHIB to give you a better understanding of the original digital asset and its price potential.
What is Shiba Inu used for?
At the moment, SHIB is simply a transferable digital token. However, there are plans to develop a unique Shiba Inu ecosystem known as ShibaSwap which will create decentralized exchange on the Ethereum network where members can trade, purchase, and sell SHIB for prizes.
How does SHIB gain value?
Like most cryptocurrencies, the value of Shiba Inu is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for SHIB is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can SHIB reach $1 per token?
Based on its recent price surges and innovative nature of being a coin with a growing userbase, it’s possible that SHIB could reach a new all-time high soon. However, to reach $1 per coin is a huge step. Whilst nothing is impossible in the crypto sphere, it is unlikely.
Where do people buy, sell, and trade SHIB?
You can buy, sell, and trade SHIB from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Shiba Inu Price History
Because Shiba Inu only hit the market in the summer of 2020, its price history is short albeit fascinating as it has traversed various price highs and lows over its short existence. The price was rather stagnant until the spring of 2021 when the SHIB journey truly began!
As a result of the bull run across the crypto markets, Shiba Inu saw its price rise over $0.000001 for the first time in its history, but the best was yet to come. In the five days between the 6th of May and the 11th of May, the price of Shiba Inu surged from $0.00000156 to $0.00003431. This jaw-dropped price surge suddenly made SHIB one of the best-performing coins on the market!
However, as is characteristic of many cryptocurrencies, this incredible surge was short-lived. It came towards the end of the bull run so the price soon dropped dramatically along with many other cryptocurrencies. Currently, it sits at a price that is significantly higher than that of 2020. But many people are expecting another bull run anytime soon, but what do the experts think?
Expert analysis of the Shiba Inu price potential
One of the best tools we can use to try and determine the potential future price of Shiba Inu is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Trading Beasts are bullish on the SHIB price prediction. Based on SHIB building partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $0.0000155 per coin by the end of the year.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to SHIB, they are also bullish. Over the long term, WalletInvestor predicts that the price of Shiba Inu could reach somewhere around $0.0000670 by the end of 2025 bringing a potential return on investment of over 700% over five years.
DigitalCoinPrice is fairly bullish on its SHIB outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $0.00001258 by the end of 2021 and reach a new all-time high by 2025 with a figure of $0.000040.
Another rather bullish expert analysis on SHIB is LongForecast. They predict the price of Shiba Inu in 2021 to potentially reach up to $0.000230 by the end of the year. By the end of 2023, they expect it to reach $0.000632. But they expect the price to rise to $0.000923 by the year 2025.
Overall, the expert analysis on the future price of SHIB is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this quirky digital asset?
Technical analysis of the Shiba Inu price potential
Now we move onto technical analysis to try and predict the future price of SHIB. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Shiba Inu Price Prediction 2021 – 2022
Between 2021 and 2022, it’s predicted that the price of SHIB will reach a high of around $0.000230 which is a percentage increase of 186% on the current price.
Shiba Inu Price Prediction 2022 – 2023
Between 2022 and 2023, it’s predicted that the price of Shiba Inu will reach a high of around $0.000413 which is a percentage increase of 192% on the current price.
Shiba Inu Price Prediction 2023 – 2024
Between 2023 and 2024, it’s predicted that the price of SHIB will reach a high of around $0.000632 which is a percentage increase of 195% On the current price.
Shiba Inu Price Prediction 2024 – 2025
Between 2024 and 2025, it’s predicted that the price of Shiba Inu will reach a high of around $0.000720 which is a percentage increase of over 200% on the current price.
In conclusion, whilst Shiba Inu began its crypto journey being considered a joke, it is far from one now. Its recent price surges have made incredible gains for investors who saw potential in the coin. In the future, technical and expert analysis agree that the Shiba Inu price potential could possibly reach new all-time highs.
Whilst many people can see the significant potential in Shiba Inu, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Shiba Inu?
The best place to buy and trade is on eToro and its range of 18 other cryptocurrencies on offer. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Shiba Inu. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Shiba Inu is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Shiba Inu and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.