Shiba Inu (SHIB) has been making waves in the cryptocurrency space recently and is the latest so-called ‘meme coin’ to establish a firm following.
As the cryptocurrency market continues to evolve, with the emergence of the NFT trend and the growing dominance of DeFi, perhaps one of the more unexpected developments is the unlikely success of meme coins - particularly Shiba Inu and, of course, its predecessor Dogecoin.
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These tokens may have started as something of a joke, intended to satirise the hysteria surrounding cryptocurrency investment, but their strong performance in 2021 - particularly DOGE’s Reddit-fuelled frenzy back in January/February - has established these tokens as genuinely viable projects.
But whereas Dogecoin is something of a one-trick pony, the Shiba project is expanding to include its own decentralised exchange and additional tokens as part of a complete blockchain ecosystem.
So what sort of trajectory is SHIB likely to be on over the next few years? In the following Shiba price prediction for 2025 and 2030, we’ll take a look at the token’s potential as a mid to long term investment and hear what other analysts are predicting for its future.
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Shiba - The Doge Killer?
Shiba Inu came into being following the release of a whitepaper by the pseudonymous Ryoshi, who made no secret of the fact that the new token would be a “Doge killer”. Of course, the Shiba Inu dog is the symbol of Doge so there is little hiding the fact that SHIB was going to be a rival to the original meme-coin.
Whilst Shiba will probably always be compared to Dogecoin, it has actually surpassed its predecessor in many ways. The Shiba web presence itself looks great and features branding that will almost definitely strike a chord with younger crypto enthusiasts. But in addition to this, the developers behind the project have already demonstrated their willingness to innovate.
Being an ERC-20 token built on the Ethereum blockchain, making it a far more versatile token than DOGE and much easier to incorporate into many of the leading DeFi projects.
Whereas Dogecoin is limited to being a simple means of value exchange, Shiba has quickly expanded to offer a great deal more. As such, the project has much more long-term viability and can compete in areas in which Dogecoin simply cannot hope to tread.
The Evolution of the Shiba Project
SHIB was the first token in what was to become a three-coin ecosystem, as outlined in the project’s white paper. It was intended to emulate Dogecoin in appealing to a particular demographic and establish a strong community around it.
After SHIB, the Shiba project launched LEASH - the Doge Killer token - which was originally a rebase coin, pegged to Doge which was intended to be used to incentivise those providing liquidity on Shiba’s proprietary DEX, ShibaSwap.
ShibaSwap is a quirky, if unremarkable, exchange that allows users to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns, which are effectively an income reward system. The full workings of the DEX require a little investigation, which is beyond the scope of this article, but it certainly is an interesting project.
More recently, BONE was launched as the Shiba governance token.
Looking at Shiba’s Recent Price Performance
Shiba Inu is a relatively new token, having been created in August 2020, so it doesn’t have much price history to look back on. One of the things that’s worth noting about the token is intentionally low-priced and available in abundance, to ensure it remains a viable payment method as opposed to simply a long-term investment.
And when we say low, we mean low. The token started life trading as low as $0.00000000939 and hasn’t made it as high as a whole unit of the US currency at any point in its existence. However, when dealing with such small numbers it’s easy to miss just how well SHIB has performed at certain times.
For example, when the token reached a high of $0.0000379 in May 2021, this actually represented an increase of 140,000 times on its price just 8 months earlier. Then 5 months later Shiba Inu reached its all-time high of $0.000088. And it is the increase that matters to investors, after all.
The Importance of Reddit
In early 2021, investors were made aware of just how powerful discussion forums like Reddit can be when it comes to driving up the price of an asset. First, there was the infamous Gamestop saga, which saw a community of investors assemble in the infamous r/wallstreetbets subreddit and kicked off a buying frenzy that made headlines across the world.
When it comes to cryptocurrency, the very same subReddit was the birthplace of a campaign to drive the price of Dogecoin up by some 800% in just 24 hours, ignited by a timely comment from Tesla mogul, Elon Musk.
Given that Shiba is pegging its hopes on building a Doge-esque community, those considering investing in the token might want to keep an eye on Reddit. At the time of writing, the official r/SHIBArmy subReddit has 275k members. There’s also r/Shibainucoin, with 84.6k members and r/shib with 42.8k.
Reddit isn’t just a place to monitor the size of the SHIB community either - it is also a great place to find out about any unofficial cryptocurrency market news as well as information on upcoming developments from Shiba Inu.
Check Out: Why Shiba Inu Will Skyrocket
What’s Next: Shiba (SHIB) Price Predictions for 2025
The cryptocurrency industry and investors may still be a little uncertain as to the future of meme coins at this stage, but it certainly appears as though Shiba is taking steps to establish itself as a credible project. So what do analysts make of its chances?
DigitalCoinPrice is expecting steady growth for Shiba price over the next few years. It is expected to reach a price of $0.000107 by the end of 2022. Growth is then expected to remain steady across 2023 and 2024, before Shiba gets to a high of $0.00018 by the end of 2025.
Elsewhere, TradingBeasts, often more reserved in its forecasts, is predicting that SHIB price will fluctuate between 0.000088 and 0.00013 in the next 3 years.
Finally, WalletInvestor also sees SHIB making some solid gains in the next few years. According to its technical analysis, the Shiba token will hit $0.000098 by the end of 2022. By the end of 2024, SHIB is expected to average around $0.000143 and 0.000166 in 2025.
How Much Will Shiba (SHIB) Be Worth In Five Years?
Based on Shiba projections from DigitalCoinPrice, the SHIB coin price is expected to cross the $0.0002 mark in 2027.
According to the Shiba price prediction offered by Wallet Investor, Shiba is set to rise to $0.000185 by the end of 2027.
Looking Further Ahead: Shiba (SHIB) Price Predictions for 2030
Despite SHIB having only traded for around a year, there are some long-term price predictions for the coin. Of course, these should be taken with a pinch of salt, given how quickly things change in the cryptocurrency industry, but they are a good indication of how seriously analysts are taking meme coins.
DigitalCoinPrice, for example, expects SHIB to continue its upward trajectory after 2025. According to its forecast, the Shiba coin will get to $0.00027 in 7 years, representing a growth of 380%.
Meanwhile, Coin Price Forecast has put out the most optimistic Shiba price prediction yet. According to the platform, SHIB will continue climbing year on year. For 2030, Shiba could be trading at a potential year-end high of $0.002736 - almost 4,650% higher than today’s price.
Shiba (SHIB) Price Predictions 2025-2030
The price of Shiba (SHIB), according to Coin Price Forecast, is expected to rise from $0.00124938 at the beginning of 2025 to $0.00273634 at the end of 2030.
Conclusion: Should You Invest In Shiba (SHIB)?
The reality is whether or not Shiba will be a good investment remains to be seen. As mentioned above, the SHIB token has numerous advantages over Dogecoin, which is something of a one-trick pony and is only really held up by notoriety. But whether its additional features are enough to rival the more ‘serious’ projects is another matter.
Shiba certainly has potential. It has the branding and pop-culture appeal that has worked for other tokens in the past. It also appears that the developers behind the project are committed to expanding into the world of DeFi, which is certainly an interesting concept.
All thing’s considered, Shiba is certainly a worthy addition to any cryptocurrency investment portfolio and presents an alternative to the major tokens such as Bitcoin and Ethereum in that it is effectively competing in a different space.
If you are yet to invest in any crypto payment projects then Shiba is certainly worthy of consideration. Of course, you should research all of your options before committing, but we think that it will continue to be one of the most important projects in the space and the price of SHIB looks set to grow in the coming years.
There’s no getting around it, however, that SHIBA should certainly be considered a riskier addition to your portfolio than, say, Cardano or Binance Coin. Any potential investors should only acquire a SHIB holding as part of a diversified portfolio.
Of course, given SHIB’s ultra-low token price, it’s easier to acquire a reasonable amount of the coin with minimal outlay.
Read Also: Pros and Cons of Investing in Shiba Inu Coin
Where To Invest In Shiba (SHIB)
Shiba has been a popular buy this year so it will come of little surprise that numerous exchanges have started listing the token. However, if you are new to the cryptocurrency market, then it’s important to choose a trusted provider.
We recommend eToro for most investors, as it is an established name in the world of retail trading and features a highly approachable trading platform. There are also numerous articles published on the website that can help investors keep up to date with what’s happening in the world of blockchain.
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Is Shiba a good investment for the future?
Shiba is a breed of cryptocurrency known as a meme coin. However, whereas tokens like Dogecoin are often dismissed as little more than a joke, Shiba appears to be expanding into a complete DEX project. Whilst the token is still a high-risk investment, there is every chance it will grow over the coming years.
What are Shiba price predictions like for 2025?
Despite some uncertainty surrounding so-called meme coins, many cryptocurrency analysts believe that SHIB can continue to grow over the next three to four years. As per SHIB price prediction 2025, the Shiba token will be priced at 0.0001 or even higher in 2025.
Does Shiba have a future?
Whilst many people were prepared to dismiss Shiba when it first launched, the project seems to have gathered a following throughout 2021. Now that the ShibSwap is live and BONE and LEASH have been launched, it’s quite possible that Shiba will establish itself as the industry’s first ‘meme-dex’.
Where can I buy Shiba?
If you’re looking to buy Shiba then you are unlikely to find a better exchange than eToro. It has an award-winning trading platform and plenty of information and support to help you get started on your cryptocurrency investment journey.
Is Shiba Inu better than Dogecoin?
There’s no denying that Shiba very much followed in Dogecoin’s footsteps. However, underneath the surface, the two projects are very, very different. Shiba is built on the Ethereum blockchain, for one thing, which gives it a great deal more versatility. It also has its own proprietary DEX, which is simply not feasible on the Dogecoin blockchain.
Can Shiba double my money?
Nothing is guaranteed in the world of cryptocurrency and we all know the old adage that you should never invest what you can’t afford to lose. That being said, SHIB is expected to grow in the coming years and some analysts have predicted that it could have doubled in value by 2025.
What are Shiba price predictions like for 2030?
As per Shiba price prediction 2030, the coin might be able to touch the $0.0027 price mark or even higher.