What is Shiba Inu? SHIB Price Prediction 2023, 2024, 2025: 1 INR by 2030 (Updated)
Shiba Inu coin is the latest large cap MEMECOIN. If you are planning to buy SHIB token, it is better to do some research and check SHIB price prediction. Is Shiba a good long term hold? Let’s find out. Also we will learn how you can buy the SHIB coin, its price history.
The entire cryptocurrency market was shaken when a joke-influenced cryptocurrency outperformed the major crypto coins in the market. Shiba Inu is the name of a pet dog breed, and also the name of the cryptocurrency that caused havoc in the cryptosphere when it surpassed its competitors and gained a massive amount of attention among investors due to its bullish nature.
Before we check the price prediction of Shiba Inu from 2023 to 2025, let us first learn about Shiba Inu.
What we are going to learn?
What is Shiba Inu?
Shiba Inu is an Ethereum-based token that is the native token of the ShibaSwap platform. According to the white paper of SHIB, “it is an experiment in decentralized spontaneous community building”. Shiba Inu has the same theme as Dogecoin and they both share the same logo. The ERC-20 token is often called “Dogecoin Killer” in the crypto community.
Shiba Inu is a successful pet coin that has crypto analysts hooked up to its prices due to its high volatility and recent bullish nature. The meme coin has gained massive popularity, value and attention from crypto enthusiasts like Elon Musk and Vitalik Buterin.
Kucoin is one crypto exchange that I recommend, if you want to buy/sell SHIB tokens.
Kucoin isn’t just a great place to get started with trading cryptocurrencies. It’s also a place where experienced users can find new, exciting pairs such as SHIB USDT to trade with. The platform has been growing steadily since its launch, with more than 6 billion dollars in market cap and has a circulating supply of over $589T and is ranked number 15 among crypto assets.
Okay, now let’s learn more about Shiba Inu coin.
Shiba Inu Details
|Token Supply||1,000,000,000,000,000 SHIB|
|Current Supply||589,346,914,631,298 SHIB|
Anonymous person “Ryoshi”
|Release Date||August 2020|
Shiba Inu Interesting Facts:
- There are more than 1.32Million Onchain Holders of Shiba Inu token (as of August 4, 2023)
- Shiba introduces ‘Shibacals’ to establish a connection between NFTs and tangible items in reality.
- Vitalik Buterin holds around 50% of the liquidity
- You can hold Shiba Inu in Metamask, Trustwallet, Hyperpay, Atomic wallet, Ledger, Trezor
- Shiba recently launched Shibarium, a layer 2 protocol on ETH blockchain on March 21st, 2023.
- Shiba Inu’s $SHIB has released the beta version of its decentralized Layer 2 blockchain platform known as Shibarium.
How to buy SHIB token?
You can buy SHIB with USD, USDT, BTC, alts or INR.
Buy SHIB with BTC, USD, USDT
You can buy SHIB with USD/USDT, altcoins and BTC from the following international exchanges:
|Buy SHIB with USD||Register here|
|Binance||Sign up here|
|Huobi||Sign up here|
|OKEx||Sign up here|
|KuCoin||Sign up here|
|Coinbase||Sign up here|
Binance is the best exchange to trade SHIB with Bitcoin and altcoins.
Buy SHIB with INR
You can buy SHIB tokens with INR from the following Indian exchanges.
WazirX is the best Indian exchange to trade SHIB tokens.
SHIB Price History 2020
The Ethereum based Shiba Inu coin was launched in August 2020 under a pseudonym and anonymous name, “Ryoshi”. The initial price of SHIB during the time of its launch, i.e., 2nd August 2020 was $0.00000000051.
Considering the popularity of meme-based coins in 2020, the original prices of SHIB were set very low. It was probably done to attract more consumers, but the crypto investors were too blinded by the popularity of DOGE in order to focus on any other joke-influenced coin.
The prices witnessed a generic fluctuation at the beginning of August and reached $0.000000000309 on August 5th, 2020. The prices kept fluctuating throughout the year, sometimes a generic rise followed by a massive fall and sometimes constant prices. The prices were recorded below $0.0000000001at the end of the year. This was certainly not good for the growth of the coin.
SHIB Price History 2021
2021 certainly proved to be a good year for SHIB. The prices started rising at the dawn of January and reached $0.00000001. The prices further increased and reached $0.0000037 in April, which was seen as the rise of the SHIB coin. A sudden increase in the prices were seen in May when it soared to $0.0000388 on May 10. This was the all time highest of The Shiba Inu Coin. The prices further fell down and are currently trading at $0.000008763 with a market cap of 0.2507.
SHIB Price History 2022
SHIB in 2022 was bearish. The coin is down from 0.000033USD to 0.000009USD and is very close to finding the bottom.
Shiba Inu Price Prediction for this month in USD
Shiba Inu in this month is showing positive signs of reversal. If the reversal is real, SHIB could give good returns short term. After correcting by more than 80 percent from its ATH, SHIB is now going up again. This ‘Dogecoin Killer‘ is showing bullish pattern for next few months.
SHIB is expected to trade between $0.00001138252288 and $0.0000070750208 in this month.
In terms of INR, SHIB’s expected price in INR in Indian exchanges is 0.001 INR to 0.0006 INR, or 0.1 paisa to 0.06 paisa.
Shiba is expected to be continuing its uptrend, provided BTC stays neutral or goes up this month.
Today, Shib is trading at $0.000008776 (August 4, 2023)
Shiba Inu Price Prediction 2023 (in USD): Bullish or Bearish?
Shiba Inu looks to be found the base, and is now reversing. However, the recent allegation on Shibarium Chain ID plagiarism controversy has caused the SHIB token to fall by more than 10%. Once everything settles, SHIB is expected to give a return of more than 250% in 2023. SHIB is expected to stay in the accumulation phase during this period.
Minimum SHIB price prediction for 2023: 0.0000070750208 (August 2023)
|When||Maximum Price||Minimum Price|
What is the SHIB price prediction for August 2023?
SHIB price prediction for August 2023 shows the token could be trading in between 0.00001138252288USD and 0.0000070750208USD.
What is the SHIB price forecast for SHIB token in September 2023?
September may be a month of bull run for SHIB holders. The token could go up and trade in between from 0.00001365164902USD and 0.00001022877184USD.
What is SHIB price prediction for October 2023?
Maximum SHIB price prediction for October 2023 is 0.00001538252288USD, whereas minimum prediction is 0.0000100750208USD
What is Shiba Inu price prediction for November 2023?
There may be a slight increase in SHIB’s price. SHIB in November 2023 could trade in between 0.00002192077517USD and 0.00001238252288USD.
What is Shiba Inu price prediction for December 2023?
December 2023 looks bullish for SHIB’s price. SHIB in December 2023 could trade in between $0.00002792077517 and $0.00001842842563.
Shib Price Prediction 2024
|When||Maximum Price||Minimum Price|
- Maximum SHIBA INU price prediction for 2024: 0.00007290588274USD (December 2024)
- Minimum SHIBA INU price prediction for 2024: 0.00002992465855USD (January 2024)
Shiba Inu Price Prediction 2025
|When||Maximum Price||Minimum Price|
SHIB price prediction for 2025 suggest it could trade between 0.00005017457USD to 0.000105556USD.
Shiba Inu Price Prediction 2026 (in USD)
|When||Maximum Price (USD)||Minimum Price (USD)|
SHIB Price Prediction 2027
|When||Maximum Price (USD)||Minimum Price (USD)|
SHIB Price Prediction 2028 to 2030
|SHIB Price Prediction
2028 to 2030
|Maximum Price||Minimum Price|
Forecast Shib Price Prediction in INR: 2023 to 2030
Shiba 2023 Price Prediction in INR: Shib is predicted to touch ₹0.0025 by the end of 2023.
Shiba 2024 Price Forecast in INR: Shib Coin is predicted to touch ₹0.006 by the end of 2024.
Shib price prediction 2025 in INR: Shiba Inu is predicted to touch ₹0.008 by the end of 2025.
Shib price prediction 2030 in Indian Rupees: Shiba Inu is predicted to touch ₹1 by the end of 2030.
Shiba Inu Technical Analysis: Short and Long Term Target
Shiba Inu is trading within a range for an entire year, and is trading towards its base. From here, SHIB as the potential to go up by more than 80% in short run, and it it breaks, could confirm reversal and next major resistance would be 0.00002USD.
Only concern is lack of trading volume (as of August 4, 2023).
I might take position on SHIB now and may sell once it goes up by 50% or more.
FAQ : Shiba Inu Price Prediction
Can Shiba Inu coin reach $1?
The Market Realist Portal has reported, “If the Shiba Inu token maintains its current level of growth, it will be able to reach a value of $1 by the end of 2025. But a more realistic forecast suggests that 1USD for SHIBA INU is not possible looking at the current growth.
Is Shibu Inu a good investment in 2023 (Updated)?
Yes, Shibu Inu is considered a rational investment in 2023. The crypto analysts are bullish on the prices and are expecting it to be a big boom in the next 5 year.
However, in 2023, after a long bearish run, I am expecting Shiba Inu to run bullish overall.
But can this “Dogecoin Killer” actually overpower the popularity of DOGE in the long run? Let’s find out.
Why is SHIB so cheap?
SHIB is a memecoin and follows the footsteps of Dogecoin generally. The prices of Dogecoin are low and hence all the coins which follow DOGE generally start with low prices. Another reason for SHIB being so cheap is to attract customers to buy the coin without having to make a huge investment. The token price is very less, but coin in circulation is high. Though SHIB looks cheap if we look at its token’s price, it is not actually cheap. It is currently top 13 cryptocurrency by marketcap.
What is the Shiba Inu price prediction for 2030?
It is difficult to make such long term forecasts about a crypto coin which has seen massive volatility in the past few months. But, the maximum that Shibu Inu can reach is $0.01 and the minimum value of Shibu Inu in 2030 can be around $0.001.
Is Shibu Coin a scam?
No, the coin might be based on a joke and has the logo of a pet dog, but the coin is surely not a scam. The coin is safe, secured and can be traded on many exchange platforms.
Will Shibu reach 100 INR in future?
100 INR is around 1.5 USD. It looks really impossible for Shib to reach 100 INR in near future.
When will SHIB touch 1 cent?
Shib token is expected to touch 1 cent by 2030.
What is Shib’s price prediction for tomorrow?
Shiba Inu is expected to have a bullish run today and tomorrow. This memecoin could go up by 5-10% percent or more by tomorrow.
What will be the Shiba Inu’s price by July 2023?
We are expecting Shiba Inu to be priced in between 0.00001030750208USD and 0.00000707729164USD by the end of July 2023. So in terms of INR, we are expecting Shiba to touch 0.088 paisa.
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Does the Shiba coin have a future?
Shiba Inu is quite a popular cryptocurrency in India. A lot of Indians have purchases Shiba Inu and have a good amount of profit. A lot of them still does not know whether Shiba coin have a future. Shiba Inu has impressed us by the way they have developed and grown their community.
They have launched their NFT collection and have sold out in less than 10 minutes. They are continuously evolving with the trends. I think they do have a good future but kindly do not part a lot of money in Shiba Inu.
The beta launch of Shibarium layer 2 blockchain however was not smooth, as there are controversies around the launch.
One thing to note though is it is already in top 17 by marketcap. You can’t expect the crazy returns like you got in the last meme season. For better returns, I would hold PEPE
Is Shiba Inu crypto a good investment?
Shiba Inu has proved to be a good investment for many investors, and is it currently one of the top 10 cryptocurrencies. I do not see the Shiba Inu to give similar returns, however one can definitely have Shiba Inu in their portfolio. I personally will not hold Shiba Inu for a long time.
Is Shibu Inu a Good Investment in 2023 for a long term?
There is always a long list of factors that you should consider before making an investment in any crypto coin. The same goes with Shibu Inu. The coin is new to the market and has left some investors baffled about its legitimacy.
The present result shows that Shibu Inu is one of the fastest growing crypto coins in the crypto sphere. The coin is soaring in the crypto market because it is safe and is backed up by the Ethereum blockchain. It is supported by notable personalities including Elon Musk, Vitalik Buterin, and Mark Cuban. The coin has also reached an impressive market capitalization in a very short period of time. Another reason to invest in the coin is that it is available on the most reliable exchanges, it requires very low trading fees and has a high liquidity ratio.
But, the fact that any coin in the crypto market comes with high risk cannot be ignored. The sudden hike in the prices got some investors to speculate about the new coin. On the other hand, some investors are put off by the fact that the Shiba Inu Coin is not mined. The concerns about Shiba’s future has also surrounded the market since the ERC-20 tokens might very soon become obsolete.
Our final take on Shiba Inu is that it is a coin which involves high risk and the investment in the coin would not be worth it if there is no sure future. If you want to get into crypto, there are plenty of altcoins in the market. Some of these altcoins have high value and a great potential for growth. But if you like a pet dog and are attracted to low prices, you can go for Shibu Investment.
In 2022, SHIB has corrected more than 80 percent from its ATH. But now that the Shiba charts have shown reversal, buying SHIB now in 2023 now could give handsome returns in future.
Make sure to DYOR and start by investing small amounts.
We are bullish for SHIB for August 2023. How are you trading SHIB this month?
Disclosure: The prices mentioned in the article ‘What is Shiba Inu? SHIB Price prediction and Analysis – 1 INR by 2030‘ is generated with a crypto price forecasting tool. Please do not consider them as a final price. DYOR before investing.
Last updated: 4th August, 2023