Shiba Inu is one of the most popular meme coins in the cryptocurrency market. This self-proclaimed “cryptocurrency killer” coin has proven itself to be more than just a joke coin. After successfully attracting the interest of many investors, there are many people trying to decipher Shiba Inu predictions and the prospect of the future price of shiba inu coin.
In the following analysis of the Shiba Inu, we will describe some of the expert opinions regarding the Shiba Inu price prediction and how the price prospects will be in the next few years, including 20
Shiba Inu predictions 2022, 2023, 2025
What is the future for Shiba Inu coins? Should you buy it now, or should you wait for the price to drop further? Here are the latest Shiba Inu predictions.
Late 2022 – Shiba Inu remains one of the most popular meme coins on the cryptocurrency market, and its growing community is still its valuable asset. As the use of SHIB as a payment method increases, we expect the price to increase to $0.000030.
Late 2023 – The Shiba Inu will have more functionality in 2023. The Shiba Inu will become an important part of both the Shibverse and ShibaSwap, and this has the potential to push its price up to $0.000040.
Late 2025 – While Shiba Inu developers are still developing Metaverse and Decentralized Exchange, the Shiba Inu community is expected to grow further, and the SHIB price is expected to touch $0.0001 by the end of 2025.
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Today's Shiba Inu Analysis
The Token Shiba Inu (SHIB) is trying to regain its strength after
Shiba Inu Analysis of the Day touched eight-month lows in mid-June amid a crash in the cryptocurrency market. The Shiba Inu is also on a path to find its true self, and is no longer considered a meme coin.
In recent months, the Shiba Inu ecosystem has launched a Decentralized Exchange (DEX) and a Non-Fungible Token (NFT) incubator, in an effort to give the SHIB token some much-needed utility. The developers are also working on a layer-2 solution for the network to reduce its dependence on the Ethereum network.
Shiba inu coin prospects going forward, the lead developer of Shiba Inu, Shytoshi Kusama, is optimistic about the future of the network. On July 6, 2022, Kusama announced that the process of developing the Shiba Inu layer-2 network, referred to as Shibarium, is on track and “moving as fast as we can”.
Shibarium will allow its users to cut Ethereum network gas fees which are expensive when using a decentralized application based on Shiba Inu.
Kusama also announced the launch of a new token in the Shiba Inu ecosystem called TREAT, where it will be used as a reward token for the metaverse and its games. Apart from that, Kusama also said that a stablecoin called SHI is expected to be released this year.
Some of the things that have been mentioned before can influence the predictions of today's Shiba Inu.
Listing on Binance Boosts SHIB Price
A price metric shows that SHIB started trading at $0.00001377. The Shiba Inu's price then jumped sharply after being listed on Binance. The listing announcement took place on May 10 and made SHIB's price jump around 114% within 24 hours.
It's worth noting that SHIB has been getting some marketing buzz prior to its listing on Binance. Elon Musk tweeted about getting a Shiba Inu dog in March 2021, and noted Wall Street Journal investor Jordan Belfort lent SHIB support in April. Nonetheless, listing on Binance was one of the main factors that made this dog-themed meme coin soar in price.
Marketing Donations and Large Donations
When SHIB did its listing on Binance, the Shiba Inu became a global phenomenon. A digital wave caught Wall Street's attention, especially after Fortune Magazine ran an article about the Shiba Inu, and Ethereum co-founder Vitalik Buterin also made headlines after making a 50 trillion SHIB donation to India's COVID Relief Fund.
ShibaSwap Launch – And Other Functions
Trying to capitalize on the euphoria, the Shiba Inu developers launched ShibaSwap – a decentralized exchange that looks to take on some big names like UniSwap and Curve Finance.
Within 24 hours of launch, ShibaSwap managed to acquire over $1 billion in locked assets. This makes SHIB more than just a meme coin.
Listing on Coinbase, Used As Payment Method, and Mission Completed
In September 2021, many investors readjusted their Shiba Inu price predictions as Shiba Inu rose to prominence as one of the best meme coins on the cryptocurrency market.
On September 9, shiba inu coin or SHIB listed on Coinbase, and market participants called it the “Coinbase Effect”. This is because the price of the Shiba Inu coin that day rose by 5%, and continued to move up after NowPayments included Shiba Inu as a payment method for the e-commerce platform.
On November 1, SHIB overtook Dogecoin as the top meme coin in the cryptocurrency market. When it hits the all time high (ATH), SHIB's price reaches $0.00008845
AMC Entertainment Plans To Accept SHIB
Recently, Shiba Inu's price movements have been relatively calm. The market downturn has affected its price, just as it has for other major coins. Nonetheless, there is much to look forward to.
One of the things that stands out the most is the adoption of the Shiba Inu by the legendary entertainment company AMC. This month, AMC Chief Executive Adam Aron confirmed that it plans to accept Shiba Inu and Dogecoin as payment methods in its theaters. This move is expected to start in the coming weeks, and it is part of a larger plan by AMC to incorporate cryptocurrencies into its payment system.
Shiba Inu predictions 2022
The Shiba Inu price is currently above the $0.000010 support level. The price of this famous meme coin has been squeezed into the accumulation zone before, or before the late summer rally.
If you pay close attention, the Shiba Inu is trading in the range of 0.000010-0.000014.
On June 18, 2022, the shiba inu coin or SHIB touched an eight-month low or $0.0000071. Year to date, as of August 16, 2022, the token price has fallen by almost 55%.
On August 15, 2022, the token price experienced a significant increase, up to 30%, which was attributed to the euphoria of a new Shiba Inu focused game called Shiba Eternity, as well as the recent increase in the price of Ethereum, which was the underlying blockchain of SHIB.
We expect Shiba Inu prices to hold around that support level. There is a bullish divergence pattern, which has the potential to become an accumulation area.
In this case, the Shiba Inu has the potential to rise further with targets at the resistance and psychological level of $0.000020.
The market expects the Shiba Inu to grow further. What's more, the coin has proven to be more than just a meme coin, and is increasingly being used as a means of payment. At the same time, the ShibaSwap exchange continues to record growth. Although the total value locked on the exchange has fallen significantly from its July 2021 high, the exchange has been able to grow organically.
Shiba Inu Prediction 2023: Enter the Metaverse World
Another factor that has the potential to drive up the Shiba Inu's price is plans to enter the world of the Metaverse. This is something that is very big for shiba inu coin apart from being a crypto meme.
In January 2022, developer Shiba Inu announced that they were developing Shibverse – an immersive, metaverse project for their ecosystem. There aren't many details yet regarding the Shiba Inu's plans for the world of the Metaverse, but analysts predict this will be an important step for the Shiba Inu.
Metaverse is a big business, where there are many companies that have poured funds to develop Metaverse. JPMorgan – the bank that already owns land in the Metaverse – estimates that this new concept could become a multi-trillion-dollar market.
While the Shiba Inu seeks to take part in this market, we predict that such efforts will push up the price of the coin. We predict that the 2023 Shiba Inu prediction will see the SHIB price appreciate to $0.000040.
Shiba Inu predictions 2025
Continuing with today's Shiba Inu price predictions, 2022, 2023 and into 2025, we predict the price of this digital asset will attempt to rise to around the $0.0001 level. Crypto experts agree that the price of shiba inu coin will increase in the long term, regardless of what happens in the short term.
In addition, having the status of one of the largest coins on the crypto market, the surge that has occurred in the crypto market is expected to give positive sentiment to the Shiba Inu price.
Other factors such as being integrated into Shibaswap and being used in the Shibaverse also have the potential to drive up the SHIB price further. In short, a hike to around the $0.0001 level by 2025 is plausible.
If there is a market consolidation, the Shiba Inu has the potential to be corrected to a level much lower than previously thought, thus making competition in the meme coin sector more open.
Seeking to escape its social media presence, the Shiba Inu team seeks to increase the usability of Shiba Inu in an effort to boost the growth of its ecosystem.
This can be seen from the increasing number of businesses adopting Shiba Inu. Recently, anti-fraud payment network Flexa demonstrated this meme coin's determination to break away from the norm.
Its integration into the Flexa network allows SHIB token holders to spend their digital assets in more than 41,000 locations in both the US and Canada.
In this way, the Shiba Inu can be used to increase transaction completion times. Flexa isn't the only company adopting SHIB, as there are more than 600 businesses that have also connected to the Shiba Inu ecosystem. Several well-known companies such as Gamestop, GiftChill, Whole Foods, Nordstrom, and several other companies allow their users to make payments using the SHIB token.
The speed of adoption is generally a signal of future price increases. This has been proven in the leading digital asset Bitcoin which has the largest market share in the decentralized payment infrastructure sector. The continued adoption of SHIB indicates progress in this digital asset, and has the potential to see its price increase further in the coming months.
Another Ethereum project namely Decentraland already has a strong market in the Metaverse sector. So far, Metaverse has not only managed to catch the eyes and ears of the curious, but has also managed to attract substantial investment. Backed by a Non-Fungible Token (NFT), the Metaverse is reported to be worth billions of Dollars and is predicted to attract more investors so that its value in the coming years is expected to soar to trillions of Dollars.
The Shiba Inu plan to create a digital world project and business makes it more believable. In a plan released recently, the user community says that Metaverse is a promising business.
Related to this, Shiba Inu will launch virtual lands called Shiba Lands. Although this project is still under construction, its potential cannot be underestimated. This in turn is expected to lift the shiba inu coin price outlook.
As an early stage, Shiba Inu will offer companies a more viable opportunity to connect with more retail investors than what Decentraland is currently offering. The SHIB token is currently being traded at a very low price, and the largest holders are individuals.
This gives the Shiba Inu more opportunities to interact with their investors in a fun and uninhibited environment. SHIB will also have an open market to buy the utility as well as launch other similar protocols. An example is Oshiverse which is expected to make Shiba Inu a big project in the crypto space.
Shiboshi's NFT project is likely to spark euphoria and is expected to increase the attractiveness of this Ethereum-based protocol. All of the above factors are good news and can be used by investors to make an informed decision before deciding to buy a Shiba Inu coin.