Understanding the Dogecoin Killer: Shiba Inu (SHIB)
A peculiar name: at least for a digital coin, you agree. Yes. For all good reasons. As the unique features too are coupled with this unique name. The salient name relates to the mascot of a Japanese breed of dog called Shiba Inu and hence “SHIB.”
So, the most important trait of the pet “Loyalty,” comes tagged to it for all its investors too. A completely secure and decentralized meme token, Shiba Inu is a variant of the ERC20 token. In a way, it combines all significant traits of Ethereum, Bitcoin, and Dogecoin in a fusion as one in Shiba Inu (SHIB). Before we start with Shiba Inu price prediction, let’s check coin overview.
Shiba Inu Overview
|Price Change 24h||+3.50%|
|Price Change 7d||-2.91%|
|Circulating Supply||394,796,000,000,000 SHIB|
|All time high||$0.0000388|
|All time low||No Data|
|Shiba Inu ROI||+1779069.04%|
Shiba Inu Network: Let Us Dig Deeper
Shiba Inu is a creation by Ryoshi, who started on a mission to carve out a crypto asset to all its users, mixing the merits of other major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and others. It is the first to be listed and incentivized on ShibaSwap, a proprietary decentralized exchange.
A crypto asset that addresses all concerns of an investor or trader in the market – be it accessibility, speed in the transaction, security for anonymity, or a great value for money invested for the future. With no great skills or expertise in demand, it can be accessed with your computer, smartphone, or website. It also addresses the users’ day-to-day needs like buying anything with credit cards, say in the supermarket, or purchasing anything through a wallet online.
An exemplary benefit of the Shiba Inu cryptocurrency is that it can be used to trade/exchange between and with Bitcoin or fiat currencies. Apart from these, there are immense security-packed features to be harvested too. Shiba token also gives its users the benefit of safekeeping their free wallets, and even they can refill their balance. Traders get the benefit of getting the SHIB network on all esteemed exchanges like Coinbase, Binance, etc., and they can convert SHIB to almost any other coin.
The presence of SHIB can be seen on a mobile app that is available in a number of different languages, including Chinese, German, French, Spanish, Russian, and many more. The site comes packed with features like opening an account in three simple steps -Get a Wallet – Get some SHIB – Use Your SHIB and stay tuned, giving all the latest news and information happening on the platform. You can also store your crypto SHIB on the mobile wallet.
Shiba Inu SHIB Community: A Corporate Initiative
Shiba Inu works around a lot to benefit communities, creating partnerships and alliances of a non-profit level. The native token exchanges drive the whole process with other platforms generating more value for new enterprises and those corporate partners looking for momentum in their eco-space. This philanthropic contribution by SHIB comes as an aggressive community initiative, and it has called for more rigorous participation by other crypto developers too.
Shiba Inu (SHIB) Price History & Technical Analysis
Since it has made its debut on the crypto exchanges, Shiba Inu’s price has only gradually increased with no sudden surges or downward spirals. Neither the bulls have made its graph take an abrupt upward curve nor have the bears plunged it downward. Like any other cryptocurrency, the Shiba token is vulnerable to market fluctuations too and is highly volatile.
However, since last year, the coin has gradually increased, starting with $0.00000001. Competing against other crypto rivals, SHIB has only taken a steady ride of going upward, showing satisfying if not promising trends till it finally stabilized at $0.0000000407 by February 2021, even among market ups and downs and pandemic setbacks. SHIB has also been performing as per upward trend so far and never looked back ever.
Shiba Inu: Market Sentiment
The current level of this digital coin price stands around $0.0000085 at the time of writing, with a circulating supply of 394,796,000,000,000 SHIB. The 24-hour trading volume of this crypto is $376,179,168, with a market capitalization of $3,369,137,756.
Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.0000670. With a 5-year investment, the revenue is expected to be around +737.5%.Wallet Investor
The analysts believe the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price may rise and reach $0.0000202, which is twice the current price.Changelly
Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.000018 by the end of this year.GOV Capital
The Shiba Inu price is forecasted to reach $0.0000121 by the beginning of December 2021. The expected maximum price is $0.0000155, minimum price $0.0000105. The Shiba Inu price prediction for the end of the month is $0.0000124.Trading Beasts
As per the latest news, research, and Shiba token price prediction, the coin might cross $0.00001258 by the end of 2021, and by 2025, it may record a new ATH around $0.000040.Digital Coin Price
Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.Reddit Community
Shiba Inu (SHIB) Price Prediction: 2021-2025
The price predictions of SHIB gain more traction due to its privacy tag. A trait and respect that it attaches to all its investors & famous personalities like Elon Musk and Vitalik Buterin. In fact, privacy is the hallmark of SHIB, which has been the center point of all activities of Shiba Inu tokens gaining worldwide acceptance & popularity in the cryptocurrency market, making it a great investment.
Shiba Inu Price Predictions 2021
Surprisingly, the year 2020 brought a lot of good for the Shiba network. SHIB kept its momentum onward and upward in the crypto market. Last year might have seen Shiba token hovering around the price level of $0.00000001 on exchange. The price predictions for the SHIB network for this whole year reflect huge volatility, stating that it might jump to about $0.0000125 in July and August and straight to the $0.000013 mark towards December.
Shiba Inu Price Prediction 2022
Keeping up in tandem with the same bullish trend in prices, there are cryptocurrency predictions that the price of Shiba Inu is poised for an upswing even in the year next, i.e., 2022. Though it is too early to expect whether the Shiba Inu coin will break from the peak, what stays clear is there is light at the end of the tunnel for sure compared to other meme currencies in the crypto space. The Shiba Inu coin price only indicates a positive trend among the receding Pandemic scenario touching the $0.000020 mark.
Shiba Inu Price Prediction 2023
There is a predicted eventuality of SHIBA coin incurring a loss but only meager, dropping to $0.0000185 again. However, this stays as a pessimistic scenario, and some experts do not agree with this syndrome of volatility affecting it.
Shiba Inu Price Prediction 2024
Stating that a jaw-dropping possibility does not exist for the price of Shiba Inu and that bulls will ride the crypto market, it is once again expected that Shiba Inu price will rule the crypto kingdom with a performance of price pegged at $0.000025. This is equivalent to the same predicted at the end of 2024, which shows Shiba tokens have full potential to sustain and consistently grow even in adverse conditions.
Shiba Inu Coin Price Prediction 2025 & Beyond
2025 might mark as the benchmark year as SHIB token price is predicted to surpass $0.000033 by all means. With mass adoption, SHIB Inu’s price is estimated to reach around $0.000040 by 2025, a rise like never before.
If the project Shiba token stands the test of time and mass adoption picks up the number, this kind of optimistic expectation stems from two preconditions: 1) the price of Shiba Inu continues to surpass expectations 2) Markets remain as favorable as always.
Frequently Asked Questions (FAQs)
Where to buy Shiba Inu?
Shiba tokens, being a popular cryptocurrency, is listed on all major exchanges. You can buy SHIB tokens from compliant exchanges like Binance, Coinbase, OKEx, etc. Additionally, you can directly trade Shiba tokens for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges.
Is Shiba Inu a good investment?
Yes, indeed, as it has proved that it can surprise investors with massive returns. There should not be any heartbreaks nor any over joyous explanations required if you invest thoughtfully. In fact, Elon Musk, too, has shown a favorable inclination for SHIB token as a meme coin, calling it a Dogecoin killer. Financial advice is also recommended before investing in any token.
Is the Shiba Inu Network Secured?
Yes, it is a secure, well-established blockchain that lets the Shiba Inu token remain independent of moderating forces. As per the WoofPaper, Shiba Inu is based on the Ethereum network, a proof-of-work blockchain currently transitioning to proof-of-stake.
Can SHIB reach $1 by 2025?
SHIB has shown extensive growth over the past few months, and it needs to maintain that level of growth to hit the $1 mark. If the Shiba Inu coin continues to record 20-25% growth every month, it might cross the $1 mark by 2025.