In the last bull market, there was a cryptocurrency that attracted a lot of attention and had risen massively in value within a short period of time. Shiba Inu Coin is a meme coin and a parody of Dogecoin, which suddenly came into the limelight and rose extremely sharply in price. How high can SHIB price reach by 2030? In this Shiba Inu price prediction article, we forecast its prices for the next few years and answer the question of whether Shiba Inu will still be relevant in the future.
What is the Shiba Inu Coin?
The Shiba Inu Coin is a well-known meme coin that is a parody of Dogecoin. The latter rose to fame in 2016 when it gained popularity as a parody of Bitcoin and many investors invested in the fun currency. The Shiba Inu is now at the forefront of the next generation of meme coins.
Shiba Inu only emerged in August 2020 and exploded in price in 2021. The coin turned many early investors into millionaires. The symbol for the Shiba Inu Coin is the aggressive-looking Shiba Inu dog , which contrasts with the friendly-looking Shiba Inu on the Dogecoin.
Why did the Shiba Inu Price rise massively?
Shiba Inu Coin experienced massive price increases in 2021. No coin has been able to increase in value so massively in such a short time. Like Dogecoin in 2017, the Shiba Inu saw extremely steep price increases within just a few days. A massive hype developed around the Shiba Inu Coin in spring and later in autumn 2021.
Extreme price increases and fluctuations are normal for meme coins. Like the Dogecoin before it, the Shiba Inu coin saw massive hype, which was multiplied by sharing the meme (the aggressive Shiba Inu) on social media and mentions of celebrities like Elon Musk.
Due to the increasing awareness, more and more inexperienced investors are getting into the meme coins, which leads to even stronger increases. Most of the time, there are quick sales, which then causes the price to collapse again. But overall, an extremely large number of investors who invested in time have made profits with meme coins.
How did Shiba Inu Prices move in the last few months?
To make the prediction for the Shiba Inu, let’s look at how the price has been moving over the past few months. As we all know, we are in a bear market right now. Normally, in a bear market, meme coins, especially new projects, fall particularly sharply. The Shiba Inu Coin has also lost a lot in recent months.
The Shiba Inu price hit an all-time high of $0.0008 in late October 2021. Since that price spike, we’ve seen massive losses in meme coin as the bear market ensued. Shiba Inu performance was negative from then on. By the turn of the year, the token had already lost more than half of its value, falling to $0.000034.
In 2022, the downward trend continued. But surprisingly, the losses in 2022 for Shiba Inu were not as high as expected. The coin was able to stay in the top 20 cryptocurrencies by market capitalization. The Shiba Inu Coin survived the hardest phase of the bear market better than expected. This is good news for the Shiba Inu forecast for the next few years.
Shiba Inu Prediction for the next few years
The Shiba Inu coin is currently the 14th most valuable cryptocurrency by market cap, with a price of 0.000012 for a coin. In the next few months, most analysts expect the crypto market to move sideways, which should probably also apply to the Shiba Inu. But it will be interesting to see how high the Shiba Inu price can rise in the bull market and how positive the forecast for the meme coin looks.
Shiba Inu Prediction for the end of 2022?
First, let’s look at how high the Shiba Inu price can go by the end of 2022. The forecasts are not easy to make right now as we face a transition from the heavy losses of an early bear market to a possible sideways movement.
By the end of 2022 we could still see slight increases or losses. A lot will depend on the movements of the overall market. However, particularly large jumps seem unlikely in the coming months.
2022 price range SHIB: $0.00001 – $0.000025
What is the Shiba Inu Prediction for 2025?
While we are in the bear market right now, we could see bullish price action again in the future. This is very likely after the next Bitcoin Halving, which should come in 2024. After a Bitcoin Halving, a new bull market usually begins. As such, we could see new highs for the Shiba Inu coin.
Especially for 2025, when the bull market should fully unfold (if we follow the 4-year cycles of the market), the Shiba Inu forecast should be excellent. The price could explode this year.
2025 price range SHIB: $0.0001 – $0.0004
What is the Shiba Inu Prediction for 2030?
For the year 2030, the Shiba Inu forecast is now becoming a bit more complicated. We could see so many influencing factors in the next few years that will change the price development of the Shiba Inu Coin. These could be factors specific to the Shiba Inu (such as the emergence of new meme coins, and bans on speculative tokens) or general factors for the crypto market (greater blockchain adoption, sweeping bans on cryptocurrencies, etc.).
By 2030 we see another Bitcoin Halving, which should see prices rise sharply again in 2029 and 2030. Therefore, we could see more price jumps from the Shiba Inu token. Shiba Inu’s prediction, therefore, remains positive.
2030 price range SHIB: $0.0005 – $0.0075
Which factors Influence Shiba Inu Coin?
The Shiba Inu price can be changed by many influencing factors. During the first bull runs of the SHIB token, social media hypes and mentions by famous personalities were mainly responsible for the increases.
In the future, the Shiba Inu Coin could become more established. We can already see this in the bear market where the cryptocurrency is now establishing itself in the top 15 coins by market cap. In the future, the SHIB could become a classic cryptocurrency that is becoming more and more dependent on market developments.
Is Shiba Inu a Good Investment in 2022?
At the moment, the price of the Shiba Inu coin is still low due to the bear market. So now is a good time to invest cheaply in the coin. Because the predictions for Shiba Inu prices are positive for the next few years.
Meme coins like the Shiba Inu or the Dogecoin are very risky investments. This is because these coins have no clear use cases and are even more speculative than other coins. Nevertheless, it might be a good idea to hold 10-15% of meme coins in your crypto portfolio, depending on your risk appetite.