Shiba Inu is one of the most amazing meme coins with its major competitor being Doge and even Ripple’s XRP. Memecoins have been on a massive run in this bull-run with Pepe, Doge, BONK, and now BOME witnessing a heavy surge in prices. Shiba Inu’s burn rate has been increasing and it has been rising much faster than its competitor Dogecoin. However, recently Musk has tweeted about Doge again which caused Dogee to surge. Let’s look at the price prediction for Shiba Inu for 2025.
Shiba Inu (Shib) Current Market Conditions [March 2024]
| Cryptocurrency | Shiba Inu |
| Token | SHIB |
| Price | $0.00002695 |
| Market Cap | $15.6 Billion |
| Trading Volume | $1.5 Billion |
| Circulating Supply | 589,289,410,812,691.0000 |
| All-time High | $0.00008845 ( Oct 28, 2021 ) |
| All-time Low | $0.00008165 on ( Sep 01, 2020 ) |
Shiba Inu (Shib) Historical Price Movement
Shiba Inu was launched back in May 2020. The initial price at the time of launch according to CoinMarketCap was $0.0000000010099. The price consolidated in a small region and then suddenly in May of 2021, the price exploded by a massive 457% in a single day, coming as high as $0.00003469.
Afterwards, the price kept an upward trend and made a new All time high in October 2021 which was at $0.00008845. However, after this increase the price quickly came down and found its primary support below the all time high.
Afterwards, the lawsuit of SEC over Binance and Coinbase caused SHIB to plunge rapidly and it lost its primary support and landed down to its secondary support level.
Afterwards, Shiba kept consolidating and trading between a tight range while the rest of the market pumped to quite a degree, Shiba didn’t move much. Astonishingly, something happened in February 2024 which caused the Price of Shib to skyrocket once again reaching $0.00003189 with the current price as $0.000027.
Shiba Inu’s (Shib) Potential for the Future
Shiba’s main focus right now is on the Ethereum Layer two Scaling solution Shibarium. This is by far one of the most important things that can influence the price of Shib. This scaling solution is the only thing that can push the price of Shib by a huge margin.
Numerous other tokens on the Shiba Inu ecosystem such as BONE and LEASH are also enhancing the overall integrity of the ecosystem itself with several NFT collections as well. All of this coupled with Shibarium and the low transaction gas fees over Ethereum Layer 2 is going to be monumental for Shib.
Once we see this, we come to realize why Shib’s growth compared to Dogecoin is amazing which is why the token is referred to as the Dogekiller. Dogecoin’s utility is little to none but Shib on the other hand is quite useful which makes it an ideal choice for investment.
Shiba Inu’s (Shib) Price Prediction for 2025
Memecoins have large and very passionate communities which is one of their biggest advantages in terms of price movements. Shiba Inu can easily become the next big thing with Shibarium peaking.
Shib’s current market cap is around $15.69 Billion which is almost 60% below its all time high market cap of $32 billion. If the Shibarium network gains traction in the 2024 and 2025 bull run due to the halving scheduled for April, Shib can reach great highs.
Experts at NFTstudio24 suggest that Shib can peak at around $0.000150 in this bull run with the price dipping as low as $0.000030.
Moreover, by the end of 2025 the average price of Shib can reach 0.00008008. However, all of this will depend on the Shibarium network and its traction.
Shiba Inu’s (Shib) Price Prediction for Future
Cryptocurrencies are very volatile and predicting them can be more than difficult. With so many predictions out there with some skyrocketing the prices while others dumping the entire blockchain, it’s challenging to understand what to believe in.
Technical Analysis of Higher Time Frames with Moving Averages and several other indicators like Relative Strength Index (RSI) and Fibonacci can give us an idea (just an idea) of what the price action might look like in a few months or possibly years.
This is because no matter how thoughtful the prediction, the price can eventually skyrocket or dump by a single news bulletin or movement by a whale. Furthermore, improvements in a blockchain’s ecosystem and flaws that may come in the future cannot be taken into account at the time of prediction and their impact is then neglected.
Therefore, the predictions are only of the historical data and can tell you where the price action SHOULD move regardless of WHEN it moves there.
