Shiba Inu (SHIB) Price Prediction 2024-2030: Is SHIB a Good Investment?

In this blog post, we are excited to share comprehensive Shiba Inu price predictions obtained from our collaboration with https://www.cryptopolitan.com/. We extend our appreciation to the team at Cryptopolian for granting us permission to utilize their valuable information. To ensure transparency, we have included a direct link to the original post on https://www.cryptopolitan.com/ , allowing our readers to explore the full analysis and gain additional insights from the source.

Collaboration within the cryptocurrency community is essential, and we are grateful for the opportunity to incorporate the expertise of our partners.

Let’s walk through Shiba Inu’s tracks through time to help decide whether SHIB is an excellent addition to your crypto portfolio. Let’s see what Elon Musk will do to help push the meme coin. After our walkthrough of the Shiba Inu price predictions, we will hopefully be more aware of SHIB value,

Shiba Inu (SHIB) Overview

CryptocurrencyShiba Inu
TokenSHIB
Price$0.00001453
Market Cap$8,616,207,852
Trading Volume$243,533,156
Circulating Supply589,270,237,177,971
All-time High$0.00008845 (Oct 27, 2021)
All-time Low$0.00000000008165 (Aug 31, 2020)
24 hour high$0.00001403
24 hour low$0.00001278

Shiba Inu Price Predictions

Based on the price fluctuations of Shiba Inu at the beginning of August 2024, the average SHIB rate is expected to be $0.00001453. Its minimum and maximum prices can be expected at $0.00001438 and $0.00001504, respectively.

MonthPotential LowPotential AveragePotential High
August$0.00001438$0.00001453$0.00001504

Shiba Inu Price Predictions

In 2024, the minimum price of Shiba Inu will be around $0.00001438. The maximum expected price for SHIB may be around $0.00001504. On average, the trading price might be $0.00001453.

YearPotential LowPotential AveragePotential High
2024$0.00001438$0.00001453$0.00001504

Shiba Inu price prediction 2024-2030

YearMinimumAverageMaximum
2025$0.000023$0.000023$0.000027
2026$0.000032$0.000034$0.000039
2027$0.000047$0.000048$0.000058
2028$0.000068$0.000070$0.000081
2029$0.000097$0.000100$0.000118
2030$0.000138$0.000143$0.000166

Shiba Inu Price Prediction 2025

The Shiba Inu price is forecast to reach the lowest possible level of $0.000023 in 2025. According to the findings, the SHIB price could reach the maximum possible level of $0.000027 with an average forecast price of $0.000023.

SHIB Price Prediction 2026 

The price of Shiba Inu is predicted to reach a minimum value of $0.000032 in 2026. The Shiba Inu price could reach a maximum value of $0.000039 with an average trading price of $0.000034 throughout 2026.

Shiba Inu (SHIB) Price Prediction 2027

According to the forecast price and technical analysis, the price of Shiba Inu is predicted to reach a minimum level of $0.000047 in 2027. The SHIB price can reach a maximum level of $0.000058, with an average trading price of $0.000048.

Shiba Inu Price Prediction 2028

The price of Shiba Inu is predicted to reach a minimum value of $0.000068 in 2028 and a maximum value of $0.000081, with an average trading price of $0.000070.

Shiba Inu Price Prediction 2029

The price of Shiba Inu is expected to reach a minimum level of $0.000097 in 2029. The SHIB price can reach a maximum level of $0.000118 with an average price of $0.000100 throughout 2029.

Shiba Inu (SHIB) Price Prediction 2030

In 2030, the price of Shiba Inu is forecasted to be around a minimum value of $0.000138. The price can reach a maximum of $0.000166, with an average trading value of $0.000143.

What Is Shiba Inu?

Shiba Inu is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, proponents of Shiba Inu tout it as “the Dogecoin killer.”

Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies associated with some theme—like the Shiba Inu in the case of Shiba Inu and Dogecoin—but are often launched as a parody or inside joke rather than as a digital product that actually has utility. While Dogecoin was launched in December 2013, Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi.

Shiba Inu Technical Analysis

MetricValue
Price Prediction$ 0.00001312  (-2.79%)
Volatility8.29%
50-Day SMA$ 0.00001713
14-Day RSI26.70
SentimentBearish
Fear & Greed Index17 (Extreme Fear)
Green Days12/30 (40%)
200-Day SMA$0.00002012

Shiba Inu Faces Downward Pressure as Support Levels Tested

Shiba Inu (SHIB) is experiencing a notable downturn. It trades at $0.00001453, reflecting a 3.03% drop over the past 24 hours. The cryptocurrency is testing critical support levels, with the low for the day at $0.00001438. Despite recent fluctuations, SHIB has struggled to maintain upward momentum, and the current resistance level stands at $0.00001504. Traders are closely watching these levels to determine if SHIB can break out of this bearish trend or if further declines are imminent.

Today’s support level is $0.00001438, while the resistance level is $0.00001504. The market sentiment indicates that SHIB may continue to face downward pressure if it fails to maintain support, with potential declines testing lower thresholds. A break above the resistance could signal a reversal, but the prevailing bearish sentiment suggests caution for traders.

Shiba Inu Shows Weak Momentum with Bearish Indicators

Shiba Inu (SHIB) 1-day price chart 

Shiba Inu (SHIB) is trading at $0.00001453, reflecting a slight downturn as it remains in a consolidation phase. The RSI is currently at 49.40, indicating neutral market conditions but slightly leaning towards oversold territory at 50.00, hinting at possible buyer interest. However, the MACD shows a bearish crossover, with the MACD line dipping below the signal line, supported by a diminishing histogram. These indicators suggest weak momentum and a potential bearish trend continuation unless significant buying pressure emerges.

Shiba Inu Exhibits Bearish Trend with Weakening Momentum

TradingView 4-hour price chart

Shiba Inu (SHIB) is trading at $0.00001453, slightly declining in the last few sessions. The RSI on the 4-hour chart is at 45.00, indicating neutral market sentiment but slightly leaning towards the oversold territory at 45.50, suggesting that selling pressure is increasing. The MACD indicator reflects bearish momentum, with the MACD line crossing below the signal line, supported by a declining histogram. These technical indicators suggest that SHIB may continue to face downward pressure unless a reversal in momentum occurs soon.

See also Algorand price prediction 2024-2030: Is a resurgence possible?

Daily Simple moving average (SMA)

PeriodValueAction
SMA 3$ 0.00001454SELL
SMA 5$ 0.00001508SELL
SMA 10$ 0.00001583SELL
SMA 21$ 0.00001686SELL
SMA 50$ 0.00001713SELL
SMA 100$ 0.00002062SELL
SMA 200$ 0.00002012SELL

Daily exponential moving average (EMA) 

PeriodValueAction
EMA 3$ 0.00001500SELL
EMA 5$ 0.00001544SELL
EMA 10$ 0.00001606SELL
EMA 21$ 0.00001666SELL
EMA 50$ 0.00001793SELL
EMA 100$ 0.00001933SELL
EMA 200$ 0.00001880SELL

Shiba Inu Historical Price Analysis

FAQs

Is Shiba Inu a Good Investment?

Whether or not SHIB is a good investment depends on your investing goals, risk tolerance, strategy, personal preferences, and outlook.

Which Crypto Will Boom In 2025?

It is difficult to tell which cryptocurrency, if any, will experience a boom. The space constantly undergoes changes and reacts, almost explosively, to the news.