Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Shiba Inu (SHIB) Price Prediction 2024-2030: Will SHIB Price Hit $0.0001 Soon?

CoineditionCoinedition2024/02/15 15:19
By:Tobith Tom
  • Bullish SHIB price prediction ranges from $0.00001365 to $0.00001557.
  • Analysis also suggests SHIB might also reach $0.00002 in 2024.
  • SHIB’s bearish market price prediction for 2023 is $0.00000608.

Shiba Inu (SHIB) is a meme token that took the cryptocurrency space by storm. It is called “DOGECOIN KILLER” by its community and other crypto users. It was launched on the Ethereum blockchain as an ERC-20 token.

Over the years, the Shiba Inu ecosystem has grown by developing tokens, NFT collections, and even its very own metaverse. SHIB’s burning feature has also garnered the attention of traders and meme coin enthusiasts alike.

If you are interested in the future of Shiba Inu (SHIB) and would like to know the price analysis and forecast of SHIB for 2024, 2025, 2026, 2027, 2028, and up to 2030, keep reading this Coin Edition article.

Table of contents

  • Shiba Inu (SHIB) Market Overview
  • What is Shiba Inu (SHIB)?
  • Shiba Inu (SHIB) Current Market Status
  • Shiba Inu (SHIB) Price Analysis 2024
    • Shiba Inu (SHIB) Price Analysis – Bollinger Bands
    • Shiba Inu (SHIB) Price Analysis – Relative Strength Index (RSI)
    • Shiba Inu (SHIB) Price Analysis – Moving Average Convergence Divergence (MACD)
  • Shiba Inu (SHIB) Price Prediction 2024 – 2030 Overview
  • Shiba Inu (SHIB) Price Prediction 2024
  • Shiba Inu (SHIB) Price Prediction 2025
  • Shiba Inu (SHIB) Price Prediction 2026
  • Shiba Inu (SHIB) Price Prediction 2027
  • Shiba Inu (SHIB) Price Prediction 2028
  • Shiba Inu (SHIB) Price Prediction 2029
  • Shiba Inu (SHIB) Price Prediction 2030
  • Shiba Inu (SHIB) Price Prediction 2040
  • Shiba Inu (SHIB) Price Prediction 2050
  • Conclusion
  • FAQs

Shiba Inu (SHIB) Market Overview

HTTP Request Failed... Error: file_get_contents(https://api.coingecko.com/api/v3/coins/shiba-inu): Failed to open stream: HTTP request failed! HTTP/1.1 429 Too Many Requests

What is Shiba Inu (SHIB)?

On the website, Shiba Inu mentions that it is powered by “community energy.” The purpose behind the Shiba Inu Ecosystem is to build a path to freedom and creativity in its place by “working together in harmony.” 

The Shiba Inu ecosystem is massive, with tokens such as SHIB, BONE, and LEASH. Apart from the various tokens that help the ecosystem and community, Shiba Inu has generated its own NFT collection called Shiboshis and its Metaverse called ‘SHIB The Metaverse.’ 

As mentioned earlier, SHIB is one of the main tokens of the ecosystem and also promotes decentralization. Moreover, SHIB’s burning features, which occur through transactions, gaming, and Metaverse applications, could continuously increase the value of this ERC-20 token.

Meanwhile, Shibarium is a layer 2 blockchain and claims to be a “transitional evolution” to the Shiba Ecosystem. SHIB explained that the layer-2 blockchain that runs on top of Ethereum , provides the benefits of scalability, faster transaction times, lower fees, and an expanded development framework.

Although Shiabrium is still in its initial stages, SHIB shared plans that Shiba Swap would be merged and evolved with the blockchain, allowing easy access to the tools and functions. Some of the ways in which SHIB contributes to a fully decentralized network are through the ecosystem’s own Decentralised Autonomous Organization(DAO) called Doggy DAO. Ultimately, Shiba Inu is moving into the final phase and continues to develop to achieve its own goals.

Shiba Inu (SHIB) Current Market Status

At the time of writing, SHIB is now trading at $0.000009757 with a total market capitalization of $5,745,120,652. SHIB sits in 17th place on CoinMarketCap in terms of market capitalization. Moreover, there has been a spike of 2.81% in the past 24 hours. SHIB’s 24-hour trading volume is valued at $197,840,434, after recording a surge of 43.07%. Meanwhile, in the seven-day period, SHIB maintained a 5.43% spike at the time of writing. 

SHIB can be traded on major cryptocurrency exchanges such as Binance, Coinbase, KuCoin, Kraken, OKX, and Uniswap.

Shiba Inu (SHIB) Price Analysis 2024

Will SHIB’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect SHIB’s sentiment over time? Read more to find out about SHIB’s 2023 price analysis.

Shiba Inu (SHIB) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

SHIB/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView )

Observing the chart above, SHIB experienced a massive surge in 2023, which expanded the bands, highlighting the high volatility in the market. During the first quarter of 2023, the massive surge pushed the memecoin beyond the $0.000015 psychological barrier. However, this extreme spike pushed SHIb beyond the upper band, causing the candlesticks to face a retracement.

It seems that the retracement in the high volatility market dug a bigger hole for SHIB as it touched the critical support of the 2023 trading year. The expanding bands allowed the fall to be drastic, as several long red candlesticks formed on the chart, continuously testing the lower band of the indicator.

Although the candlestick attempted to once again break through several weak resistance levels,. It met the bears, pulling it down back to the critical zone. However, in mid-October 2023, the candlesticks spiked after the altcoin market showcased a bullish sentiment. During the bull run, the bands expanded while positive candlesticks started to form. 

After observing a bull run for almost more than two months, the candlesticks broke above the upper band. As such, SHIB started 2024 facing a fall. The tumble, which reduced SHIB’s value, continued to take place in January 2024. Finally, in the first week of February 2024, SHIB saw signs of hope.

SHIB/USDT 1-Day Chart (Source: TradingView )

Currently, the candlesticks are hugging the upper band. As seen earlier, there may be a high chance that the candlesticks could break beyond the upper band. If the bands break beyond the upper band, then, the memecoin would expect a retracement, causing the values to fall again. However, if the candlesticks stay well within the Bollinger band area, SHIB could maintain a steady growth for a long time. 

Shiba Inu (SHIB) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

SHIB/USDT 1-Day Chart Showing RSI (Source: TradingView )

In 2023, the RSi indicator hit the overbought region several times. At the same time, the RSI would face a fall, which would cause the candlesticks to tumble in value. During its upward momentum, the RSI would often stay above the SMA. Meanwhile, during the bear market, the RSI would face a fall while staying below the SMA.

Currently, the RSI is valued at 61.75, which is often considered an uptrend region. If the momentum continues for a long time, there is a high chance that the price will continue to surge. However, on the other hand, if the RSI finally touches the overbought region during the uptrend, there is a high chance that traders can expect a price correction. 

Shiba Inu (SHIB) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

SHIB/USDT 1-Day Chart Showing MACD (Source: TradingView )

Looking at the above chart, we can see that the traders have been accumulating SHIB since mid-October. This can be seen through the rising accumulation line. Even during SHIB’s fall, the accumulation continued to rise while MACD registered a bearish trend by showcasing red bars on the histogram. After some time, the MACD crossed above the signal line, highlighting the bull trend in the short term period. 

Additionally, the rising accumulation line and the growing green bars on the histogram signal that prices may continue to rise. Moreover, the MACD line continues to increase its distance from the signal line, suggesting a price correction could be delayed for some time. 

Shiba Inu (SHIB) Price Prediction 2024 – 2030 Overview

Year Minimum Price Average Price Maximum Price
2024 $0.0000085819 $0.0000141 $0.0000281
2025 $0.00002346 $0.0000299 $0.000033
2026 $0.000033 $0.0000362287 $0.000043
2027 $0.0000435 $0.0000462 $0.000053
2028 $0.0000535 $0.0000611 $0.000082
2029 $0.000082 $0.0000923 $0.000110
2030 $0.000118 $0.00012 $0.000139
2040 $0.00232 $0.00332 $0.003454
2050 $0.0511 $0.0730 $0.07600

Shiba Inu (SHIB) Price Prediction 2024

SHIB/USDT 1-Day Chart (Source: TradingView )

Looking at the chart, the first psychological barrier that traders would be keenly observing is at $0.00001094. Earlier, SHIB attempted to break beyond this level; however, it was unsuccessful in maintaining its position above the resistance line. If a fall does happen, the support line at $0.00000887 would be the anchor point. 

If the selling point continues for a long time, the price could fall to one of the critical support lines at $0.00000793. As several indicators highlight that the bull trend prevails, traders could expect that the memecoin could continue to surge for some time. 

There may be a high chance that the SHIB will cross the $0.00001 barrier easily. If any signs of a bear signal happen, it would be wise to wait for more price action, before confirming whether the memecoin is falling into the bear trend. 

Shiba Inu (SHIB) Price Prediction 2025

SHIB could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, SHIB will continue to rise in 2025, forming new resistance levels. It is expected that SHIB will trade beyond the $0.000033 level if the buyers’ optimism for this memecoin is high.

Shiba Inu (SHIB) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, SHIB could tumble into its support regions. However, when SHIB remains in the oversold region, there could be a price correction soon. SHIB, by the end of 2026, could be trading beyond the $0.000043 resistance level after experiencing the price correction.

Shiba Inu (SHIB) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. SHIB is expected to rise after its slumber in the bear season. Moreover, SHIB could even break more resistance levels as it continues to recover from the bearish run. Therefore, SHIB is expected to trade at $0.000053 by the end of 2027.

Shiba Inu (SHIB) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, SHIB will continue to form new higher highs and is expected to move on an upward trajectory. Hence, SHIB would be trading at $0.000082 after experiencing a massive surge by the end of 2028. 

Shiba Inu (SHIB) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, SHIB could be trading at $0.000110 by the end of 2029.

Shiba Inu (SHIB) Price Prediction 2030

After witnessing a bullish run in the market, SHIB and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, SHIB could be trading at $0.000139.

Shiba Inu (SHIB) Price Prediction 2040

The long-term forecast for SHIB indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, SHIB may face a slight fall before starting its upward journey once again. It is expected that the average price of SHIB could reach $0.003454 by 2040.

Shiba Inu (SHIB) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, SHIB could surpass the resistance level of $0.07600.

Conclusion

To summarize, if investors continue to show interest in SHIB and add these tokens to their portfolio, then it could continue to rise. SHIB’s bullish price prediction shows that it could pass beyond the $0.0000281 level in 2024. Moreover, SHIB could surpass the $0.07600 level by the end of 2050. 

FAQs

What is Shiba Inu (SHIB)?

On the website, Shiba Inu mentions that it is powered by “community energy.” The purpose behind the Shiba Inu Ecosystem is to build a path to freedom and creativity in its place by “working together in harmony.” 

How do I store SHIB?

SHIB can be stored in a hot wallet, a cold wallet, or an exchange wallet. 

What will be the Shiba Inu (SHIB) price in 2024?

SHIB is expected to reach $0.0000281 by 2024.

What will be the Shiba Inu (SHIB) price in 2025?

SHIB is expected to reach $0.000033 by 2025.

What will be the Shiba Inu (SHIB) price in 2026?

SHIB is expected to trade beyond the $0.000043 level.

What will be the Shiba Inu (SHIB) price in 2027?

SHIB is expected to reach $0.000053 by 2027.

What will be the Shiba Inu (SHIB) price in 2028?

SHIB is expected to reach $0.000082 in 2028.

What will be the Shiba Inu (SHIB) price in 2029?

SHIB is expected to reach $0.000110 by 2029.

What will be the Shiba Inu (SHIB) price in 2030?

SHIB is expected to reach $0.000139 by 2030.

What will be the Shiba Inu (SHIB) price in 2040?

SHIB is expected to reach $0.003454 by 2040.

What will be the Shiba Inu (SHIB) price in 2050?

SHIB is expected to trade beyond the $0.07600 resistance level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Cryptocurrency Statement from Visa: “The Future Will Be Different”

Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.

Bitcoinsistemi2024/09/20 22:15

Will Altcoin Season Begin? Analytics Company Gives Its Opinion

Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.

Bitcoinsistemi2024/09/20 22:15

Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”

MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.

Bitcoinsistemi2024/09/20 22:15