Shiba Inu is a meme coin that launched in 2020 and exploded into the public eye during the last bull market. The token reached a staggering $44 billion market cap in 2021 but has lost much value since.
However, the Shiba Inu team has proved resilient, implementing countless improvements to the project, taking Shiba Inu from an average meme coin to a thriving DeFi ecosystem. This Shiba Inu price prediction forecasts the SHIB price between 2023-2030, looking at its utility, tokenomics, community and much more.
Shiba Inu Price Prediction Summary
- Shiba Inu was launched as an ERC-20 token in August 2020.
- By October 2021, SHIB reached its all-time high (ATH) of $0.00008845.
- The current Shiba Inu price is $0.000008236
- According to our Shiba Inu price prediction, the price will reach an average price of $0.00001038 by the end of 2023.
- Our 2025 Shiba forecast estimates a price of $0.00005456.
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.000005086 | $0.00001038 | $0.000015686 |
| 2024 | $0.000015686 | $0.00001925 | $0.0000228260 |
| 2025 | $0.000040301 | $0.00005456 | $0.000068832 |
| 2030 | $0.000033 | $0.0000665 | $0.0001 |
Shiba Inu Price History
Shiba Inu launched in August 2020 with an initial price of $0.000000001009, according to CoinCodex. The price first pumped in May 2021, reaching $0.00003791. SHIB’s initial pump was caused by a 457% rise on May 10.
Following the first ATH, the price quickly corrected and consolidated around $0.0000065 to $0.000008 until September. However, Shiba Inu began to explode in September, climbing over 1200% in one month to its ATH of $0.00008845.
Since reaching its ATH, the SHIB price collapsed quickly, eventually finding support at $0.00000802. However, the recent saga regarding the SEC suing Binance and Coinbase has caused the price to break below the support.
The price then briefly touched its low of June 2021, followed by a recent bounce, as seen on the Shiba Inu price chart below.
The total Shiba Inu supply is 589,590,871,312,039 SHIB, and it currently has a $4,225,473,532 market cap.
Shiba Inu price history key points:
- Shiba Inu launched in April 2020 for a price of $0.000000001009.
- On May 10 2021, SHIB soared 457% in one day, reaching $0.00003791.
- The price reached its ATH of $0.00008845 in October 2021.
- Currently, Shiba Inu is priced at $0.000007169, -91% from its ATH.
Shiba Inu Price Prediction 2023
As mentioned, Shiba Inu is currently trading at a key long-term level. Therefore, we expect the broader market conditions to play a significant role in the performance of SHIB this year. If the market performs well, we will see it bounce, but another leg down will cause Shiba Inu to break below the support, creating new lows.
However, despite the SEC’s crypto crackdown, the crypto market sentiment currently is bullish.
Firstly, Hong Kong recently opened the nation to crypto adoption, enabling retail investors to buy crypto on exchanges. In fact, in recent days, the Hong Kong government has been pushing banks to allow crypto transactions.
Also, the world’s largest asset manager, Blackrock, has filed for a Bitcoin exchange-traded fund (ETF) and has been acquiring the MicroStrategy MSTR stock.
Finally, the latest macroeconomic data from the US shows that the economy is slowly recovering from inflation. The newest emergence was the Fed pausing rate hike increases, an apparent sign inflation is curbing.
Overall, these signs show that institutions and some governments are bullish on crypto and that the economy is improving, decreasing the chance of a further crash for crypto markets.
With this in mind, we expect Shiba Inu to bounce from its current level. However, with the Bitcoin halving still 300 days away, a break above the recent trading zone seems unlikely. Instead, Shiba Inu will likely range for the rest of the year.
Therefore, our Shiba Inu price prediction estimates a possible low of $0.000005086, a high of $0.000015686 and an average price of $0.00001038 by the end of 2023.
| Month | Potential Low | Average Price | Potential High |
| July 2023 | $0.0000065 | $0.0000071 | $0.0000078 |
| August 2023 | $0.0000071 | $0.0000078 | $0.0000085 |
| September 2023 | $0.0000076 | $0.0000083 | $0.000009 |
| October 2023 | $0.0000065 | $0.000009 | $0.0000125 |
| November 2023 | $0.0000056 | $0.0000098 | $0.000014 |
| December 2023 | $0.000005086 | $0.00001038 | $0.000015686 |
0 Comments