Shiba Inu Price Prediction 2030 – Will SHIB Keep Rising?

If you have been in the crypto market for some time, I’m sure you are familiar with the word “meme coins.” These coins are typically associated with a specific trending meme. Shiba Inu is one of the most popular meme coins. Although meme coins are often launched as a parody rather than commercial entities, Dogecoin and Shiba Inu have made quite a name for themselves. In this article, we talk about the potential of Shiba Inu and make a Shiba Inu price prediction for 2030. 

• Also learn about: How to buy Shiba Inu coin quickly

What is Shiba Inu?

Shiba Inu is an Ethereum-based altcoin that is associated with the Shiba Inu hunting dog. The meme coin was introduced in the year 2020 by a group or an individual known as Ryoshi. It is one of the two most popular meme coins in the market. In its community, it is popularly known as the “Dogecoin Killer” since Doge was the first meme coin to moon and reach sky-high prices. 

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Although the price of a Shiba Inu might seem insignificant, multiple people have become millionaires by holding onto this meme coin. The prices of Shiba Inu peaked more than 10 times during October 2021. Below we will cover the Shiba Inu price prediction through year 2030.

Shiba Inu Price Prediction – Present Condition

As of 29th September 2023, Shiba Inu has a market cap of $6 billion dollars. On Coinbase, it ranks among the 15 most popular cryptocurrencies. Other information includes: 

• Price: $ 0.00001123
• Trading Volume in 24 hours: $260,859,066
• Price Change in 24 hours: 2.14%
• Market Dominance: 0.65%
• All-time High: $ 0.00008845

The Shiba Inu Ecosystem

The following three traits make up the Shiba Inu ecosystem:

• SHIB: This is the base currency of the project. The SHIB has a supply of 1 quadrillion, half of which was given to the Ethereum co-founder Vitalik Buterin for storage. The remaining 50% was locked in Uniswap for liquidity reasons. 
• LEASH: This is the second token of the Shiba Inu ecosystem. This token symbolizes the other end of the spectrum of the ecosystem. It has a total supply of only 107,646 tokens compared to the numerous SHIB tokens. 
• BONE: With a total quantity of 250,000,000 tokens, this falls in the middle of the two other tokens in terms of supply in circulation. This token will allow the SHIBArmy (community members) to vote as a governance token in the subsequent proposals. 

In addition to the three tokens, the Shiba Inu Ecosystem also includes: 

• ShibaSwap: ShibaSwap is a DeFi platform that aims to provide a secure cryptocurrency trading environment while staying decentralized. ShibaSwap is the most popular place to buy and sell SHIB and LEASH.
• Shiba Inu Incubator: The incubator seeks to refocus attention away from well-known artistic mediums like painting, photography, and computer depiction and find methods to value originality and inventiveness.
• Shiboshis: This is a collection of 10,000 NFTs of Shiba Inus recorded on the Ethereum blockchain. Each NFT has a unique characteristic that makes them completely different from the others.

Shiba Inu Price Prediction 

According to previous data, the Shiba Inu price prediction for upcoming years is as follows:

• $ 0.000073 by 2022
• $ 0.000093 by 2023
• $ 0.00021 by 2024
• $ 0.00065 by 2025
• $ 0.00092 by 2026
• $ 0.00123 by 2027
• $ 0.00193 by 2028
• $ 0.00321 by 2029
• $ 0.00542 by 2030

By the end of 2030, experts predict that this meme coin will be at around $.00532. Experts expect that if the coin performs well, the price may reach $.00590, and on the lower end, it may remain around $.00510. 

Just like every other cryptocurrency, experts expect the price of Shiba Inu to rise. The cryptocurrency market has forever been volatile. There is no guarantee that Shiba Inu will reach these numbers because there is always an element of surprise in the stock or crypto market. While there are many positive developments in the works, we also need to consider the negative aspects. When considered together, we may get an idea of how much a Shiba Inu might be worth through this Shiba Inu price prediction.

Crypto Whale Price Factor

Crypto whales are particularly very dangerous when it comes to Shiba Inu prices. A crypto whale is a kind of investor who assembles a large holding of different digital assets. These investors have the power to make or break a particular asset. They can, in a way, influence the price of a certain asset. All they would need to do is buy or sell at a chunk, and the asset will either go to the moon or will collapse in seconds. In the case of Shiba Inu prices, this might be a major problem since a lot of its pricing is based on speculation only. However, as more and more people adopt this currency, the influence of the whales will start to reduce. 

Dogecoin Price Factor

As mentioned above, 50% of the Shiba Inu tokens are locked on the Uniswap market for liquidity, and the rest are available for retail investors. Everyone was baffled when 50% of the total tokens were given to Vitalik. However, Vitalik burned his SHIB and gave 10% of the proceeds to charity. That is when the prices of SHIB plummeted from their peak. Just like that, due to such reckless actions, the prices may again decline, and there is no chance of knowing beforehand. The exchange rates for and Dogecoin should also be taken into account. Despite being known as “the Dogecoin killer,” Shiba Inu’s price is unquestionably entwined with that of DOGE. This relationship has a far more significant effect than BTC and SHIB.

The bull run of Shiba Inu started when Dogecoin went to the moon. However, the prices of Shiba Inu remained unaffected even when the price of Bitcoin skyrocketed at the end of November 2020. The Dogecoin cryptocurrency was supported by none other than Elon Musk, which prompted an interest in similar meme coins such as Shiba Inu. The conflict between Shiba Inu and Dogecoin is expected to continue to shape SHIB over the next years, although as Shiba Inu gains in acceptance, Dogecoin’s effect on SHIB is likely to diminish. Additionally, Shiba Inu is predicted to provide users with more features than Dogecoin. It is important to note that a popular figure like Elon Musk was always in support of Dogecoin, and thus, Doge has had the upper hand over the two. It is difficult to say rather this will remain the case in the coming days or rather other influential people will start supporting Shiba Inu. 

Technology Price Factor

Shiba Inu is highly speculative and obviously much riskier crypto than most other cryptocurrencies. That is because crypto regulations will have a bigger influence on Shiba Inu than on other cryptocurrencies. ShibaSwap, Shiba Inu’s DEX, and SHIB’s ties with NFTs might also come under scrutiny. In our Shiba Inu Price Prediction, we will look at each year starting from 2022 to 2030. We must underline that we depend on algorithm-based estimates from some of the best professionals in the field. You may use the predictions below to help decide whether or not now is a good time to buy Shiba based on how the price will change in the future.

The Bottom Line

Cryptocurrency has forever been super volatile, and these meme coins are even more so. However, since cryptocurrencies have no connection to the stock market at all, owning them will undoubtedly diversify your portfolio. Including some cryptocurrency in a diversified portfolio is a smart idea if you believe that the usage of the currency will increase in popularity over time. Make sure every cryptocurrency you purchase has a solid investment justification. Do not rely on price predictions only, as many uncertainties may occur in the marketplace. Shiba Inu is certainly a popular and affordable cryptocurrency that has the potential to make it big in the future. However, it is still not backed by any try asset, so make sure you are wagering money that you can afford to lose in the short run.