Cryptocurrencies are a high-risk investment tool and this applies to all digital assets. Coins of fundamental projects are considered a relatively safe choice. They are relatively stable, highly liquid, and when rebalancing the portfolio, you can exchange ETH to BTC on almost any cryptocurrency exchange.
Paradoxically, the TOP-20 largest cryptocurrencies also include completely frivolous coins, DOGE and SHIB meme-coins. Meme-coins attract the attention of investors and traders who expect to make a quick profit. However, the viability of such projects and their investment attractiveness in the long term look rather doubtful. SHIB is often viewed solely as a speculative asset with limited utility, but there are optimists who are interested in the long-term prospects for SHIB.
What is a Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a mysterious cryptocurrency created in August 2020 by a man known as Ryoshi. It is based on the Ethereum blockchain and takes its name from a Japanese dog breed that has become a well-known alternative to Dogecoin (DOGE) and has even been nicknamed the “Dogecoin Killer” by its supporters.
SHIB is the native and governance token for the Shiba Inu network using the ERC-20 standard. The project has developed a decentralized exchange (DEX) called ShibaSwap, which allows users to exchange various cryptocurrencies for SHIB tokens. In addition, users can earn interest through liquidity pools by participating in investing tokens in ShibaSwap’s SHIB pool.
The Shiba Inu is actively developing a metaverse project called “SHIB: The Metaverse” where token holders have the ability to buy land, acquire NFTs and interact with other tokens with a limited supply of 107,646 units. The project also provides staking rewards to transaction validators.
Technical analysis
The project was launched in the summer of 2020 and was at the stage of consolidation until April 2021. During 2021, the price of the coin repeated the general market patterns with rapid growth in May, a fall during the summer and a repeated period of growth in the autumn. October 2021 saw an all-time high of $0.00007489 per token.
In November of the same code, a large-scale correction began, which turned into a real crypto winter. Many coins fell in price very much, in particular, the Shiba Inu lost a little more than 90% of its value. However, the project survived and since June 2022 the coin has been consolidating with the market. This prompts investors to think about the likely resumption of growth in the price of the coin and active fluctuations in the BTC to SHIB exchange rate.
SHIB price prediction for 2023-2030
Crypto experts are rather skeptical about meme coins. Such assets are considered highly unsuitable for long-term investments. Many reputable analysts suggest that the price of the asset will continue to decline and reach $0.000001085 per coin by the end of 2023. There are also more optimistic hypotheses predicting a price increase to $0.000232 over the next five years.
SHIB price forecast for 2023
Until the end of 2023, the price of the asset is expected to rise, but its pace is likely to be quite modest. The most likely price range is between $0.0000090 and $0.0000219. With a well-thought-out trading strategy, investors can get a good profit.
SHIB price prediction for 2024
Based on the technical indicators of the market, further price growth is possible in 2024. The expected minimum cost is $0000173, the maximum is $0.0000249.
SHIB price prediction for 2025
The predicted price range for 2025 is estimated to be between $0.0000226 and $0.0000325. At the same time, it is worth remembering that the dynamics of the price of a coin will most likely depend heavily on the general situation on the market.
SHIB price prediction for 2026
With a favorable development of events, by 2026 the coin may enter the price range of 0.0000294 – 0.0000423 USD.
SHIB price prediction for 2027-2030
Given the continued development and growth of the ecosystem in the last years of the decade, the price is expected to gradually rise to a maximum value of $0.0001204 by 2030.
Since the cryptocurrency market is still at the stage of formation and mass adoption, it is extremely difficult and very approximate to predict the price dynamics. No forecast should be taken as a direct guide to action. Always do your own research before making important investment decisions.
