How High Can SHIB Crypto Go By 2030? Shiba Inu Price Predictions

A look at what analysts have to say about Shiba Inu’s price by 2030

Last Updated January 27th 2022

3 Min Read

Shiba Inu (SHIB) has been in a correction over the past months, just like every other asset out there. This has to do with the market drop that started in December last year. However, Shiba Inu’s price’s price correction is negligible in the grand scheme of things.

For a crypto that rallied by 1100% at the end of last year, this is just a minor dip that will likely be forgotten once the markets absorb the COVID-19-related news and overall market sentiment. Besides, for an investor looking at Shiba Inu in months or years, this dip is irrelevant.

In this analysis, we analyze Shiba Inu based on its potential value growth in the next couple of years. More specifically, we are doing a Shiba Inu price prediction for 2030, and seek to answer the question, how high can Shiba Inu go by 2030?

Shiba Inu has to be one of the best performing cryptocurrencies ever. Shiba Inu rallied by over 57,000,000% by November 2021. It literally did circles on the more established cryptocurrencies such as Bitcoin and Ethereum, returning more than both on a year-to-date basis back then.

Essentially, anyone who invested $100 in Shiba Inu earlier in last year is rich now. Unfortunately, anyone who put the same amount in Bitcoin (BTC) or Ethereum (ETH) hasn’t experienced much of a change in lifestyle.

The key drivers to Shiba Inu’s rally have been Elon Musk’s tweets on the same. He was also the main driver to Dogecoin and Shiba Inu’s price run in 2020.

However, going into 2030, a lot more factors could come into play, over and above Elon Musk’s tweets. To get a better understanding of where Shiba Inu could go by 2030, let’s look at some of Shiba Inu’s long term price predictions by analysts.

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Shiba Inu 2030 Price Predictions: How High Can It Go?

According to Coin Price Forecast, one of the top crypto prediction sites in the market, Shiba Inu could hit $0.00163775 by the year 2030. That would be an increase of 7,812% from its current price.

Most other analysts have predictions that are within the 4600% level. For instance, according to Price Prediction, Shiba Inu could gain by 4700% by 2030. Similarly, Cryptopolitan expects Shiba Inu to gain by around 4700% by 2030.

However, there is an outlier, and that’s CryptocurrencyPricePrediction, which expects Shiba Inu to rally by 15,576.85% by 2030.

Whichever price prediction you choose to go with, the common denominator is that analysts expect some pretty big things for Shiba by 2030.

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Shiba Inu Bottom-Line

To a large extent, these Shiba Inu price predictions are a little over the top. They are all based on Shiba Inu’s past momentum extrapolated forward. Many are also looking at Shiba Inu’s market cap relative to that of Bitcoin, and expect SHIB to somehow bridge this market cap gap by 2030.

Most analysts also seem to ignore the fact that, Shiba Inu is a meme coin, and its value could always drop over time. While SHIB’s parabolic price run has strengthened the community, this is not a concrete reason to expect it to rally by 10s of thousands of percentages by 2030.

To put some of these predictions into context, if Shiba Inu were to gain by 14,700%, it would have a market cap of $3 trillion. That’s bigger than the market caps of top tech companies like Amazon (AMZN), Meta (FB), Apple (AAPL), and Tesla (TSLA). The chances of SHIB getting that big are pretty low.

In essence, the best approach is to do as much due diligence as possible, before investing on the basis of expert predictions. Shiba Inu is like every other investment out there, and as they say, past performance is not a guarantee of future results.