News
Shiba Inu (SHIB) Coin Price Prediction 2024,2025,2026..2030 – Forbes Advisor INDIA
Shiba Inu (SHIB) is an Ethereum-based altcoin based on the theme of a Japanese meme coin featuring a hunting dog, which appeared in 2020. It quickly made waves in the digital world and, years later, is among the top 13 largest cryptocurrencies by market capitalization.
Featured Partners
Inheritance
Over 1 million investors trust Mudrex for their cryptocurrency investments
Safety
Mudrex is an Indian government recognized platform with 100% insured deposits stored in encrypted wallets
Commissions
Enjoy zero crypto deposit fees and industry-leading rates.
Award-winning broker
Listed in Deloitte Fast 50 Index, Best Global FX Broker 2022 – ForexExpo Dubai October 2022 & More
Best in class for investment offerings
Trade over 26,000 assets with no minimum deposit
Customer care
24/7 dedicated support and easy to register
Please invest carefully, your capital is at risk.
As of July 1, 2024, Shiba Inu is trading at $0.0000172 with a market cap of $10.13 billion. Let’s take a look at the overview:
Let’s see the detailed analysis and expert opinions on SHIB price prediction.
SHIB Historical Price
Shiba Inu Coin Price Prediction 2024
As of July 1, 2024, the Shiba Inu price is trading at $0.00001731 with a market cap of $10.21 billion. It is in a severe correction phase and buyers are struggling to regain control of the market recovery. SHIBISCOPE the price fails to sustain the breakout rally. At the beginning of the year, it faced a fall, trading below $0.000010. It has fallen by 31.44% in the past month, but had risen by 1.80% in the previous week.
Himanshu Maradiya, founder and president of CIFDAQ Blockchain Ecosystem, said that predicting the future price of Shiba Inu (SHIB) is difficult due to its highly speculative nature and the volatility inherent in the cryptocurrency market.
A more realistic Shiba Inu price forecast by 2024-2025 is $0.0001 to $0.0003, assuming favorable market conditions and continued development within its ecosystem. Investors should remain cautious and consider the broader market conditions and inherent risks of investing in meme coins.
It is crucial to focus on realistic expectations and the potential for incremental earnings, rather than predicting drastic price increases.
Utkarsh Tiwari, Head of Strategy at KoinBX, says that predicting cryptocurrency prices can be tricky and Shiba Inu is no exception. It is important to note that these prices are highly speculative and should be taken with a grain of salt. Due to the bullish sentiment, some suggest that Shiba Inu could reach $0.0000298-$0.0000396 by the end of 2024. However, prices could be affected if there is an overall market decline.
If the price of SHIB rises above $0.00003682 and continues to do so, it may reach the target of $0.00006697 in 2024. However, if the price reverses, it may undoubtedly drop to $0.000010. Overall, the outlook for Shiba Inu is positive, although there is a risk of decline.
Shiba Inu Price Prediction 2025,2026..2030
According to Binance’s Shiba Inu price prediction input, SHIB’s value could increase by +5% and reach $0.000023 by 2030. The current Shiba Inu price prediction sentiment is bearish, while the Fear and Greed Index show 52% (Neutral).
Utkarsh Tiwari says that when SHIB is forecasted in 2025, assuming a favorable market, SHIB could reach a price range of $0.00003 to $0.0000456. Monitoring factors such as technological developments and regulatory updates is crucial to understand the price forecast.
Featured Partners
Inheritance
Over 1 million investors trust Mudrex for their cryptocurrency investments
Safety
Mudrex is an Indian government recognized platform with 100% insured deposits stored in encrypted wallets
Commissions
Enjoy zero crypto deposit fees and industry-leading rates.
Award-winning broker
Listed in Deloitte Fast 50 Index, Best Global FX Broker 2022 – ForexExpo Dubai October 2022 & More
Best in class for investment offerings
Trade over 26,000 assets with no minimum deposit
Customer care
24/7 dedicated support and easy to register
Please invest carefully, your capital is at risk.
What future for Shiba Inu currency?
The future of Shiba Inu (SHIB) is uncertain and depends on several factors. As with all digital assets, strong community support is its key advantage, but SHIB is subject to a highly volatile market. The development of its ecosystem and increased utility, primarily through initiatives such as Shibarium, could impact its long-term prospects.
However, SHIB’s future depends on regulatory changes, broader market adoption, and its ability to compete in a crowded cryptocurrency space. While SHIB shows potential in the cryptocurrency market, its success remains speculative and warrants careful risk assessment by investors.
Rajagopal Menon, Vice President of WazirX, says that the current bull run is undeniably the season for meme coins, with these tokens outperforming others cryptocurrencies in this cycle.
Analysts expect increased interest from whales, which traditionally use these price drops to accumulate cheaper tokens. Open interest in Shiba Inu increased 1.32% to $35.66 million, according to CoinGlass, reflecting growing investor interest.
He also said that markets are looking up with the ETH ETF around the corner and rumors circulating about a possible Solana ETF. Analysts expect meme coins to lead the charge in the next wave.
As of July 1, 2024, the overall sentiment on Shiba Inu price prediction is bearish, with 15 technical analysis indicators signaling bullish and 17 bearish signals. According to Coincodex, it is 47% bullish and 53% bearish.
Frequently Asked Questions (FAQ)
What is the Shiba Inu price prediction for 2024?
According to Coincodex, Shiba Inu is forecast to trade between $0.00001453 and $0.00003859. If SHIB hits the upper target price, it could surge by 123.30% and reach $0.00003859.
What is the Shiba Inu price prediction for 2025?
According to Coincodex, Shiba Inu price prediction is to trade between $0.00001453 and $0.00007515 next year. If it hits the higher value target for 2025, SHIB will increase by 332.26% and reach $0.00007515.
What is the Shiba Inu price prediction for 2030?
The Shiba Inu price prediction in 2030 is between $0.00002237 at the low end and $0.00006428 at the high end. Based on Coincodex data and SHIB price prediction chart, the Shiba Inu price can increase by 270.72% and reach $0.00006428 if it hits the upper target price.
Will the Shiba Inu Rise Again?
Based on Coincodex’s algorithmically generated price prediction for Shiba Inu, the price is forecast to rise by -4.82% in the next month and reach $0.00001660 by the end of the month on July 31, 2024. The prediction suggests that the price will be -10.18% in the next six months and reach $0.00001566 towards the end of the year. Finally, SHIB is forecast to trade at $0.00003528 on July 1, 2025, after a 102.34% drop in value in a year.
Will the Shiba Inu reach $0.01?
Shiba Inu is expected to gain 46,144.44% to reach $0.01. However, according to Coincodex prediction algorithm, Shiba Inu price will not reach $0.01. Their algorithm estimates the expected maximum price at $0.000852 by January 1, 2049.