Cryptocurrency Price Prediction

Shiba Inu (SHIB) Price Prediction 2022: Is The $0.0001 Tag Still Possible?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 1, 2022

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  The year was 2013 when the crypto-verse was still getting started, how would one even know, that years down the line. Dog-based meme cryptocurrency could return millions in gains for investors. Whilst Dogecoin still holds the crown of the largest meme coin. 

Successively, its counterpart Shiba Inu with its heroic run from the fourth quarter of 2021 and escalating dominance. Has been earning prominence in the industry. Investors and traders are still keen on Shiba Inu, as the team will be venturing into a host of new-age applications.

The major one being its metaverse “Shiberse”, wherefore the business is dwelling on wild conjectures, over SHIB’s price prediction. Wondering if SHIB will ever reach $1? Buckle up, as we take you on a drive-through of the price forecast of SHIB for 2022 and beyond.

Overview

CryptocurrencyShiba Inu
TokenSHIB
Price$ 0.0000
Market cap$ 5,874,949,363.0000
Circulating Supply 589,388,528,387,975.2500
Trading Volume $ 370,447,190.0000
All time high$ 0.0001 Oct 28, 2021
All time low$ 0.0000 Nov 28, 2020

Shiba Inu (SHIB) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.00001142$0.00001363$0.00001669

SHIB’s price has been on a slide since its ATH, which was achieved in the fourth quarter of 2021. The meme coin had made its way to 2022 in a similar trend, with a price tag of $0.00003448. However, in about 10-days, SHIB took a dip to its crucial support at $0.00002653

While the dog coin did pose a v-shaped recovery to $0.00003253, the rise was short-lived as the price took a plunge leading to bottoms at $0.00001745 on January 22nd. After a brief consolidation period, SHIB spiked to $0.00003526 on February 8th. However, the tension in the business has led to the quarter’s closure at $0.0000277

The second quarter has been heart-wrenching for the crypto space, and the canine coin has borne the brunt to a greater extent. The meme coin is presently down by about 62% since the start of the second quarter. The price of SHIB at the time of publication is $0.00001027

SHIB Forecast For Q3

 Shiba Inu could make it big if it witnesses notable adoptions and big-name collaborations. As a result, the meme coin could escalate to a maximum of $0.00001274 by the end of the quarter. On the downside, the lack of stimulating events could aggravate its ebbing stance, resulting in the price dropping to $0.00000887. However, constrained by the sideways trend, the average price might settle at $0.0000108

Shiba Inu Prediction For Q4

  The optimism of the fourth quarter would further receive impetus from the project’s L-2 Shibarium. If the requisite assistance is given to the product, and if it garners the interests of investors. The results would reflect on the price of SHIB, which might claim a pricier tag of $0.00001669

In contrast, factors like negative criticism or a bear run might crash the price to lows of $0.00001142. Considering the bullish and bearish targets, the average price might be $0.00001363

SHIB Price Forecast For 2023

 If SHIB price ends its trade for 2022 on a bullish note and carries forward its legacy. With further impetus from initiatives such as DAO, Shiba Inu game, and NFTs, the price could breach the target of $0.0000275. At the same time, usual buying and selling pressures could take the price to $0.00002158. Finally, bearish trends could leave the price at $0.0000145.

Price Prediction Of Shiba Inu For 2024

  The growing acceptance by retail and luxury brands could make way for global recognition and the influx of elite customers. In such a case, with an increase in buy orders, the price of SHIB could attain a pricier tag of $0.0000474. On the other hand, depleting stance of SHIB and lack of volumes could haunt the price down to $0.0000246.  

Price Trajectory For 2025

  If the visionary developments of the makers fall in place, and if Shiberse emerges as an eminent player in the metaverse, which is expected to boom over the years, SHIB price could land at $0.0000791. That said, if the community drives the price with usual buying and selling pressures, SHIB could trade at an average price of $0.0000626.

On the downside, if the investors fail to keep up with the liquidity of the digital asset on exchanges. Then, FUD and negative sentiments might lower the price to $0.0000431

YearPotential LowPotential High
2023$0.0000256$0.00006146
2024$0.0000246$0.0000474
2025$0.0000536$0.000175

What Does the Market Say?

Wallet Investor:

As per Wallet Investor’s predictions, SHIB is forecasted to hit a maximum price of $0.0000352 by the end of 2022. The firm pins the minimum levels at $0.000018 and an average price of $0.0000324. Wallet Investor anticipates SHIB to trade at an average price of $0.0000573 by the end of 2025. The minimum and maximum levels are expected to claim $0.0000421 and $0.0000722, respectively.

Digital Coin Price:

Digital Coin Price expects the price of Shiba Inu to close the trade in 2022, with an average price of $0.0000129. The firm expects SHIB to hit highs of $0.0000204 by the end of 2025. Digital Coin Price expects the minimum and average closing targets to be around $0.0000173 and $0.0000186, respectively. 

Trading Beast:

Trading Beasts anticipates the meme coin to close 2022 trade with an average price of $0.0000171. While hoping the minimum and maximum closing levels to be around $0.0000116 and $0.0000137, respectively. In addition, the company forecasts SHIB to close 2025 with highs of $0.0000324.

Click here to read our price prediction for Polygon (MATIC)!

What Is Shiba Inu (SHIB)?

SHIB is the native and the first token of the Shiba Inu ecosystem, which is powered by the Ethereum blockchain. Unlike its rival Dogecoin, which employs a tech similar to that of Bitcoin. The tokens are ERC-20s, which facilitate easier transactions.

Built for fun, this meme coin is now spreading its wings towards utility, with “n” number of initiatives. Such as its DEX Shibaswap, Shiberse, and Shiboshis NFTs, amongst others. In addition, the fraternity is now expecting an announcement around Shiberse, which could bring impetus to the price action of SHIB.

Fundamental Analysis

Following SHIB, the network enlisted the next token, called LEASH. Kickstarting as a Rebase token, the network quickly flipped into fungible form like the former token. Unleashing the token, the keys were burnt, and currently, the token has a fixed supply of 100k. Anyone who keeps up the liquidity of the currency will receive special rewards, says the network! 

Being in the market as a developing project, the network is highly secure as Ethereum powers it. With Ethereum planning to switch from PoW to the PoS consensus mechanism, we can expect Shiba Inu to have a part of favors from this transition! The altcoin is listed on eminent exchanges like Coinbase Pro, Binance, Kucoin, WazirX, and Uniswap, amongst others.

Our Price Prediction

 It is to stress that SHIB’s price is currently down 88.45% from its ATH of $0.00008845. However, according to Coinpedia’s formulated Shiba Inu price prediction.If the bulls barge in, then SHIB might hit feasible highs of $0.0000167 by the end of 2022.

On the downside, if the meme coin falls prey to bearish trends led by massive liquidations. The price could entangle into a bearish hook and hit the bottoms at $0.000015.

Historical Market Sentiments

2020 and 2021

  • The meme coin was found in August of 2020, but remained negligible until April 2021.
  • Following its listing by notable exchanges the price surged to $0.000038 by the 19th of May 2021. 
  • After Vitalik Buterin released a part of his tokens to the Covid-19 relief fund, the price of SHIB dropped to $0.000018. 
  • Later, as the bulls outgrew the bears, the canine token hit its new ATH of $0.0000388 on May 10th. 
  • Post the listing on Coinbase, SHIB rose an astonishing 1216% to hit its ATH. That said, the annual trade was closed at $0.0000330. 

To learn about the prediction of Cardano for 2022 and beyond, click here!

FAQs

Q: Does Shiba Inu hold a profitable future?

A: Yes, Shiba Inu has been making notable strides towards developments and utility. Which will eventually help compound the gains over time.

Q: How high will SHIB’s price surge by the end of 2022?

A: The price of SHIB is expected to surge to a maximum of $0.00001669 by the end of 2022. 

Q: Will SHIB price hit $1 by the end of 2023?

A: Since there are about a quadrillion SHIB if the price of the Shibu coin reaches $1. Then the market cap of the digital coin will be $1000 trillion. Which justifies the bleak possibility in near future.

Q: Where can I buy SHIB?

A: SHIB is available for trade across prominent exchanges such as Binance, Coinbase Pro, Okex, amongst others.

Q: How many SHIB are burned in total to date?

A: As of press time, a total of 410,367,000,284,437 SHIB have been burnt from the initial supply.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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