Will Shiba Inu prices rise again? Is it expected to reach $10 or more in the next five years? These are some of the questions that every medium to long-term cryptocurrency investor is asking right now.
And there is never an accurate answer to the price action and direction that Shiba Inu, or any other cryptocurrency for that matter, will take in the future. Today, however, different crypto experts and investors are confident that Shiba Inu prices will rise again and continue gaining for the next few years. More are nonetheless not convinced that Shiba Inu has what it takes to reach $10 in the next 5 years.
Some do not even believe that Shiba Inu has what it takes to reach $1 by 2026.
But since they all remain confident that the SHIB token prices will continue rising in the foreseeable future, how far up do they then expect the token to reach by 2026?
We answer this question, explore the reasons why experts believe SHIB token prices will rise in the next few months, reasons it won’t reach $10 and their Shiba Inu price prediction for 2026 hereinbelow.
But first, let us look at its current price
Shiba Inu (SHIB) Current Price
For the last 7 days, Shiba Inu prices have been fluctuating and trading within the $0.000020 and $0.000022 range. At the time of writing, the ERC-20 token is trading around $0.00002076.
Shiba Inu has a circulating supply of 549.063 Trillion SHIB tokens. And according to the CoinMarketCap list of the largest cryptocurrencies, Shiba Inu - the Dogecoin Killer - is ranked in the top 15 cryptocurrencies with a market capitalisation of $11 Billion.
Like most other cryptocurrencies, Shiba Inu was greatly affected by the crypto market shock in December last year, which saw Shiba Inu fall off a month-long price rally prematurely and plunge to the current level of relatively low prices.
Crypto experts are optimistic that the price of Shiba will further increase in 2022. And if the uptrend that the token has posted in October 2021 is anything to go by, Shiba Inu can be expected to resume its price rally soon.
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So, Will Shiba Inu (SHIB) Reach $10?
There is a lot of optimism within the crypto community that Shiba Inu prices will resume the climb and continue rising into the near future. But not a single price prediction we have come across shows the possibility of SHIB tokens selling for $10 any time soon.
Before the last 2021 crypto market rally went up in smokes in December, particularly at the height of the Shiba Inu rally, some highly optimistic crypto price forecasters had indicated that it might reach $1 by the turn of the decade.
Today, most do not expect Shiba Inu prices to even come close to $1 by 2030.
Why the sudden change of heart, though? And why do they not believe it can hit $10 in the next 5 years?
First, the recent crypto shock took the market by surprise and threw it into disarray. And while the pressure on Bitcoin - which was the epicentre of the shock - has cooled down. Investors are still on a wait-and-see mode, and there is no telling when the crypto prices will start climbing again. This effectively invalidates the pre-market crisis predictions that expected the price rally to thrust it towards $1.
Secondly, analysts are conscious of the impracticality of the price leap that Shiba Inu needs to make if it is to reach $10 by 2026. Currently trading at $0.000020, the Dogecoin Killer will need to grow its value by 18 Million percent if it is to reach this target price. This means raising its price levels at a rate of 3.6 million percent per annum or 300,000% per month, without fail, for the next five years.
This is impractical. And even Shiba Inu token developers know it. That is the reason why, unlike Dogecoin that has a clear mission of reaching $1, these developer’s only aim is to beat Dogecoin’s market cap. They have alluded as much on the official Shiba Inu website stating that “Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin…”
There you have it, Shiba Inu’s goal is not to reach $10 or even $1. It is to outpace Dogecoin and beat its market capitalisation even if the SHIB token prices remain under a penny.
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Will Shiba Inu (SHIB) Eventually Reach $100?
At the moment, no one believes that Shiba Inu will reach $10 in the near future, and certainly, no one believes it will reach $100 in our lifetime.
With the scary percentage growth rate it has to achieve to get here and the lack of faith from its development team aside, you also have to look at two other factors that make it virtually impossible for Shiba Inu to reach $100.
For starters, it has no real value. It is not anchored on unique blockchain technology - just hosted on Ethereum, it has not achieved a medium of exchange status, and it has no real value. The most you can do with SHIB tokens is transfer them from one wallet to another. This makes it a hard sell to serious crypto investors, which in turn makes it hard for it to outlast the current hype and grow its worth above a penny.
You also have to look at its massive maximum token supply. With one Quadrillion SHIB tokens around, getting to $100 per token would mean creating an unutterable market capitalisation of $100 Quadrillion for the Shiba Inu network. Even the thought of getting here is simply unfathomable.
What Will Shiba Inu (SHIB) Be Worth In 2025?
Price prediction websites, crypto experts, and even Shiba Inu investors are all confident that Shiba Inu will recover and continue rising moving forward. Though the rate at which Shiba Inu price surges varies from one expert to another, the general feeling is that one SHIB token may be selling for between $0.000024 and $0.00038 by the end of 2025.
Technical analysis by the DigitalCoinPrice website paints a rather grim future for the altcoin. Though it expects Shiba Inu prices to carry on with an uptrend, their analysis indicates the highest that SHIB token prices can reach $0.000028 by December 2025.
A similar analysis by Wallet Investor and CoinPriceForecast websites is a tad more optimistic. Wallet Investor expects Shiba Inu token prices to rise to $0.00007 by end of 2022 and rise to a further $0.0002 by 2025. CoinPriceForecast, on the other hand, expects SHIB tokens to end 2022 trading at $0.00017 before rising to $0.0017 by December 2025.
The crypto market is undoubtedly optimistic that Shiba Inu token prices will rise again and possibly reach new heights within the next 5 years. They are, however, not convinced that the token can reach $100 or $10 in the next few years. Not even in our lifetime.
So many factors stand in the face of the ERC-20 only token, blocking and preventing it from reaching a $10 valuation in the foreseeable future. Key among them is its incredibly high maximum token supply, its clear lack of intrinsic value (real or perceived), and an apparent lack of clear goal - it currently focuses on beating Dogecoin and not creating value or growing Shiba into a technologically advanced ecosystem.
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