After the invention of bitcoin, other virtual currencies joined the cryptocurrency market. In 2013,
Billy Markus and Jackson Palmer created dogecoin, the meme coin. Later on, cryptocurrency
with a Japanese dog breed name (Shiba Inu) followed. Shiba Inu proved to be a perfect choice
for people who missed out on meme coin’s massive success. In fact, Shiba Inu is christened the
Dogecoin killer.
About Shiba Inu (SHIB)
The dogecoin-inspired cryptocurrency has gained immense popularity. The crypto reached an
all-time high of 0.00003628 on May 11th. Currently, it is trading at $0.000006656.
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While the total supply is capped at one quadrillion coins, there are approximately 394.796 trillion
SHIB in circulation today, as per Coin Market Cap. The founder of ethereum, Vitalik Buterin,
received half of the coins. The founders sent the other half to UNISWAP DEX. Vitalik destroyed
90% of SHIB and donated about tokens worth 1.2 billion to India to fight covid 19.
SHIB, identified by a dog logo, is the first coin in the ethereum network. This means the fungible
ethereum based ERC-20 tokens can be used to issue smart contracts.
SHIB Price Outlook
Shib was launched in August 2020. However, it gathered pace in 2021, starting at a nominal
price rising to 0.000003768. However, it did not sustain this bull run and tumbled, soon falling to
$0.00001467. It experienced a sharp rise on May 7th before hitting an all-time high on May 11th
before plummeting again. Luckily, when it was listed on Binance, the crypto price soared to
$0.0000092.
Trading Beats Predictions
Trading beasts base their predictions on linear and polynomial regressions and historical data to
predict the likely price of the certain instruments.
According to their Shiba Inu projections, Shiba Inu is expected to start trading at $0.000008 at
the beginning of July. As the month proceeds, the price is expected to range between $0.000007
and $0.000013. In August, the price is expected to start the month at $0.000008. If the bears take control of the market, the market is projected to fall to a minimum of $0.0000072. Otherwise, the price will rise to $0.0000106. SHIB is expected to trade within this range before closing the month at $0.0000084.
The price is expected to surge gradually in the following months, reaching a maximum of
$0.0000109 in September and eventually $0.0000112 in October. Trading Beast predicts that
Dogecoin killer would maintain steady growth in November, trading between $0.0000079 and
$0.0000116 before closing the month at $0.0000093.
In the final month of 2021, Trading Beat forecasts that the price would eventually hit $0.000012.
On the downside, the price is expected to reach a minimum of $0.0000081 before closing the
month at $0.0000096.
CoinPedia 2021 Predictions
In June, the price is fluctuating between $0.000005 and $0.000008. According to Coinpedia, the
price may rise to $0.0000183 if it is listed on new crypto exchanges. The crypto prediction site
forecast the price may rise to $0.000087. However, if the digital coin continues its downward
trajectory, it might soon hit a low of $0.0000124.
According to Coinpedia’s forecast, the digital coin price would hit $0.0000812 by the end of 2021. However, this will largely depend on the development in the market. For instance,
regulation, especially by China, could tumble the price of the crypto. Similarly, if its social
background withers, it will hit a bear run, reaching a low of $0.00000869.
Wallet Investor
Wallet Investor terms Shiba Inu as an awesome one-year investment. Currently trading at
$0.000007, the site expects the price of SHIB to rise with a potential 182.68% return on
investment. In fact, the site does not foresee a price drop for cryptocurrency.
According to the predictions, the price is expected to increase by 885.71% in the next five years.
However, the site does not see the price of Shiba hitting $1 in the near future.
The price is expected to oscillate between $0.000005 and $0.000007 in the remaining part of
June. From July 2nd to July 6th, the price will average $0.000004. The minimum price for Shiba
Inu in July is expected to be $0.000003. However, the price is expected to hit a maximum of
$0.000013.
In August, the site forecast SHIB to range between a maximum of $0.000013 and a minimum of
$0.000009. The ethereum based virtual currency is expected to reach a maximum price of
$0.000015 in September.
In October, Walletinvestor predicts a price range of $0.000011 and $0.000016, eventually hitting
$0.000017. The crypto prediction site forecasts that SHIB will start trading at $0.000013 at the
beginning of the month averaging $0.000009 most of the time. At the end of the month, the
price is expected to range between $0.000014 averaging $0.000009. Ultimately, the price is
expected to reach a maximum price of $0.000018.
Digital Coin Price
Like tradingBeasts, a site called digitalcoinprice forecasts that Shiba Inu will increase in the
future. In fact, according to the predictions, the price is expected to multiply almost twice to
reach $0.00001214. In five years, the price is projected to reach $0.00002517.
As per the predictions, the price is expected to average $0.00000907 before falling in August to
an average of $0.00000889. However, the bull run is expected to resume in September to hit
$0.00001 eventually1. To be precise, the price will average $0.00001151.
Again the average price is expected to dip in October to hit $0.00000993 before rising in
November to average $0.00001151. Again the cyclic rise and fall movement will resume. The
fungible token will trade at a relatively lower price in December, closing the month at an average
price of $0.00000995. Well, this prediction is at par with the average price prediction by Wallet
investors.
Cryptocurrency Price Prediction
This prediction site has quite a highball estimate. According to the site, SHIB is expected to
reach $0.0000181 in July. The projected price in August is $0.0000278. The ethereum based
token is forecasted to proliferate to $0.000305 in September and before hitting $0.0000323 in
October. The price is predicted to increase almost sevenfold in November to hit $0.0000360
before closing the year at $0.000046.
2022 Predictions
The value of SHIB in 2022 will largely depend on market development this year. In other words,
if the SHIB closes the year with bullish momentum, the virtual coin will start the year at
$0.000019. On the flip- side, if the price loses momentum and plunges to lows, it will commence
the year at 0.000009.
The good news is that the network is planning to launch a Shibswap. The DEX could push the
demand for the fungible tokens and could see the price proliferate to a high of $0.00003.
However, if the launch of the SHIBSWAP does not come to fruition, usual market demand and
supply forces could see the price average of $0.0000241.
5 Years Prediction
According to Coinpedia, Shiba Inu is poised for a bull run. The POW digital is on a
community-based network. Even with ordinary development, the price could reach, according to
coinpedia $0.00000561. Here is an interesting point. The meme coin has received a lot of hype
from crypto enthusiasts, celebrities, and investors. If it maintains this support, it could smash the
$0.0000663 mark.
On the downside, liquidity could pose a huge problem to the future of cryptocurrency. In other
words, if the investors don’t match the requisite liquidity levels, the cryptocurrency could be
delisted from a major crypto exchange. However, even with this development, Coinpedia
predicts that the price will still average $0.0000457.
Final Word
According to expert predictions, the price of SHIB is expected to increase significantly in the
coming years. According to most predictions, the price is expected to hit $0.00001 before the end
of the year. However, it is imperative to note that predicting the price of Shiba Inu or any other
cryptocurrency with certainty is almost impossible. This prediction only serves to give you a
general idea of what to expect. You should therefore take them with a pinch of salt