Shiba Inu exploded in 2021, but what will happen to the memecoin by 2030?
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If you have been paying attention to the world of cryptocurrency over the past couple of years, you will have heard of Dogecoin. This crypto is the coin that turned a meme into a boom. Success breeds imitators, and chief among the cryptocurrencies inspired by DOGE is Shiba Inu. This coin is on many investors lists and has generated interest throughout the last year or so.
But what is the Shiba Inu price prediction for 2030? Can the mega-investors – the so-called whales – who have shown an interest in SHIB continue to hold onto the crypto?
Shiba Inu price history
First, though, a look at SHIB’s price history: although prior performance is no guarantee of future results, knowing how the coin has behaved can give us some context when it comes to seeing what might happen to Shiba Inu at the start of the next decade.
SHIB, which was launched in 2020, started 2021 at $0.000000000119. On 30 January, when it really kicked off, going from $0.000000000168 – that’s nine zeros after the decimal point – to $0.00000001, seven zeros, overnight, an almost 60-fold rise. There was more growth in April, with it dropping another zero and hitting $0.00000011 on 11 April. It was around this time that DOGE launched a significant rally and, with investors looking to see if there were any other cryptos that could do what dogecoin did, SHIB became a desirable commodity.
On 8 May, the day Tesla boss and DOGE advocate Elon Musk appeared on Saturday Night Live, the price exploded again, going from $0.000005246 to $0.00001883 – a rise of around 260%. While Musk’s appearance on the American TV institution actually hit DOGE’s price, SHIB continued to expand, reaching a high of $0.0000388 on 10 May.
However, the crypto market took a big hit with the Great Crypto Day Crash of 19 May, and SHIB was affected. It dropped to $0.000007046 on 21 May and, while it went back up to $0.00001159 on 24 May, it did not return to anywhere near its high and was trading at around $0.000007 on the morning of 15 June.
However, on the evening of that day, the Coinbase exchange announced, much to many analysts’ surprise, that it would list SHIB, which led to the Shiba Inu coin price rising from $0.00000728 to $0.000009331 in just over an hour – an increase of 28%. This sudden boom was followed by the price going back down and it spent the rest of the summer and the early autumn hovering around the $0.000007 mark.
This all changed in October, when Elon Musk, probably accidentally, came to the coin’s aid. The billionaire posted a picture of his new Shiba Inu dog, Floki, on Twitter, which saw the coin hit a sustained rally, culminating in an all-time high of $0.00008845 in 28 October. This was around the same time that an anonymous crypto whale purchased 276.6 billion SHIB tokens, worth perhaps $24m, according to WhaleStats.
That was as good as it got with Shiba. November saw the coin close at $0.00004745 and there was further decline in December, with the coin closing 2021 at $0.00003341. This meant it had lost nearly 30% of its value across the month but this does need to be taken in the context of the coin’s value rising by more than 28,000,000% over the course of the year.
As of 4 January, SHIB was trading at about $0.000033 and it had a market cap of just over $18bn, making it the 13th largest crypto by that metric.
Shiba Inu price forecast 2030
As far as a Shiba Inu coin price prediction for 2030 goes, forecasts are very often wrong and a great many longer-term crypto predictions are made via an algorithm, which can change at any moment. Bearing that in mind, CoinPriceForecast says that SHIB will hit $0.00351957 at some point in the middle of 2030, but will then drop back to $0.00299302 at the end of the year.
Second, Cryptopolitan has a Shiba Inu price prediction for 2030 which says the token could hit $0.002 or higher that year. For what it is worth, the same site says that SHIB should trade at somewhere between $0.000136 and $0.000164 in 2025.
Meanwhile, PricePrediction.net says that the SHIB price prediction for 2030 is an average of $0.00094232, with a minimum price of $0.00091535 and a maximum of $0.001.
Finally, CryptocurrencyPricePrediction’s Shiba Inu price prediction for 2030 sees it start the year at $0.0033655 before rising to $0.0034495 in March and $0.0038692 in May. The coin will, the site says, hit $0.0040142 in July before dropping back down to $0.0037853 in September. The site forecasts that SHIB will stand at $0.0041783 in December.
Final thoughts
SHIB is a homage to DOGE, making it, in effect, a meme of a meme. There are, at present, few real-world usages for SHIB, which means it could well disintegrate in price over time unless this is remedied.
The second half of 2021 saw a growth in what could be described as the third generation of dog coins, with the likes of FLOKI making their mark on the crypto world. There is always the risk that SHIB could find itself trapped between the big daddy dog that is DOGE and the upcoming young pups and could see its user base dwindle away.
The last thing to point out is that even the most optimistic long term forecast for SHIB does not see it breaking through the cent barrier. This is not necessarily a bad thing: the growth predicted in the forecasts is such that investors could turn a profit if they come true . But it does serve as a calming corrective against the excitement you might find on some parts of SHIB social media. Nevertheless, we do not know what is around the corner for any cryptocurrency, so we will have to wait and see what will happen to SHIB.
FAQs
We don’t know. While the predictions are optimistic, cryptocurrencies are highly volatile and, with a memecoin like SHIB, it is possible that what is hot one day could be forgotten the next. You will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.
This is entirety a matter for you. Before you do so, you will need to research both SHIB and other dog coins, remember prices can go down as well as up, and never invest more money than you can afford to lose.
