Shiba Inu Price Prediction 2022 – Shiba Inu Forecast 2022, 2023, 2025 & 2030

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Due to the growing popularity of the cryptocurrency market, more and more coins are springing up that aim to carve out a profitable niche for investors. One of those coins is Shiba Inu coin, developed off the back of the great success experienced by Dogecoin.

In this article, we’ll present our Shiba Inu Coin Price Prediction – covering various timeframes and highlighting how you can invest in the crypto market with low fees!

shiba-inu
shiba-inu

Shiba Inu (SHIB)

Price
$ 0.000029

Shiba Inu Price Prediction 2022

If you are interested in a quick Shiba Inu price prediction, then you’re in the right place. This section highlights our Shiba Inu coin price forecast over various upcoming timeframes, concluded through in-depth research and analysis of both technical and fundamental factors. The remainder of this article will cover the Shiba Inu coin in great detail, discussing the coin’s future outlook and highlighting where the best place to invest in crypto is.

  • One Month – Things in the crypto market seem to be ramping up again, so our Shiba Inu prediction is that the coin may reject from the nearby support level and head up towards $0.000039 over the next month.
  • Three Months – If the resistance level around $0.000039 can be broken, expect Shiba Inu to consolidate for a few weeks and then push upwards towards the $0.00006 region. This would represent a 126% increase from the current Shiba Inu price.
  • End of 2022 – Given the Shiba Inu price today and the outlook over the next few months, we predict that this coin could be worth $0.0001 by the end of 2022. If this were to occur, that would mean returns of over 278% if you were to invest today!

How To Copy Successful Shiba Inu Traders

By utilising the copy-trade feature on eToro, successfully trading Shiba Inu no longer requires you to constantly watch the market. eToro’s CopyTrader automatically copies the most successful traders and replicates their trades within your own portfolio.

Benefits of Copy-Trading

  • Well established: eToro was the first platform to offer copy trading
  • Many copy trading options
  • Big social community and personalised newsfeed
  • Pause & resume copy-trades at anytime
  • Make gains from the benefit of others intel

To see just how successful copytrading can be, see the image below for currently active traders you can copy at eToro today.

How to Start Copy-Trading with eToro

  • Step 1: Signup to eToro – Head over to eToro, click “Join Now”, and input the required sign up information.
  • Step 2: Verification – As a regulated platform, you will need to provide identification documents to prove your identity. Simply provide photo ID (driving license/passport) and proof of your address (utility bill/bank statement).
  • Step 3: Fund Your Account – Following verification, simply click “Deposit Funds”, type in the amount you wish to invest and click “Deposit”. Payment methods available include credit/debit card, bank transfer and e-wallet (Paypal/Skrill etc).
  • Step 4: Pick a Trader to Copy – Decide upon which trader on eToro CopyTrader you wish to follow, set an amount you wish to invest and click “Copy”.

Shiba Inu Price History – the Story of 2021

If you are wondering how to buy cryptocurrency and have your eye on Shiba Inu, then it’s a good idea to do your due diligence and research the coin beforehand. This will ensure you have a solid understanding of what the coin is and whether it represents a good investment or not.

Firstly, what is Shiba Inu? Shiba Inu is a cryptocurrency created in August 2020 by a person or group called ‘Ryoshi’. As people who buy Dogecoin will know, the Shiba Inu dog is the official logo of Dogecoin – which is where the Shiba Inu token got its inspiration. At present, nobody knows who developed and launched Shiba Inu or what its purpose is.

shiba inu coin

According to Coinbase, there is one quadrillion Shiba Inu coins in circulation as the coin is designed to be intentionally abundant. The Shiba Inu platform supports numerous projects such as NFT art and decentralised exchanges. Thus, Shiba Inu does have some practical use cases and serves as much more than an asset designed for speculation.

When Shiba Inu first hit the market under the ticker symbol ‘SHIB’ in May 2021, it reached a price of $0.000039. Although this seems small, it’s essential that this is put into context. The difference between the Shiba Inu price live and that price is around 49%, highlighting the price potential for this crypto.

The price of the Shiba Inu coin then fell drastically over the next few weeks, losing around 84% of its value by the end of May. A strong support level was formed around the $0.000006 mark, which seems to be holding the price up. Price has been rejected from this level numerous times now, which is excellent news for speculators who have invested in this area.

shiba inu price chart

What tends to happen in the crypto market is that smaller coins will ‘follow’ Bitcoin’s lead, in a sense. This means that when many investors buy Bitcoin and its price rises, so too does the price of smaller altcoins. This ripple effect can greatly benefit tokens such as Shiba Inu, as it helps the coin piggyback off of Bitcoin’s success.

However, if Bitcoin isn’t doing too well, it can have the opposite effect. This is what happened during June and July 2021, when momentum for Shiba Inu slowed down and price gradually decreased. Notably, the 7th of August saw some huge bullish volatility for the Shiba Inu coin price, with a 24% increase in one day.

During October 2021, SHIB exploded upwards by over 960%, following extensive hype from social media platforms. Price peaked at $0.000088 on the 28th of October, after which it gradually fell by around 71% in the following months. Although this decrease can be seen as a negative, the price rice highlights the power that retail traders have on Shiba Inu’s price action.

October’s price surge has given renewed hope for investors as the Shiba Inu coin future price begins to look increasingly prosperous. The following sections will dive into our Shiba Inu price prediction 2022 and beyond, helping you make an informed investment decision.

Shiba Inu Price Forecast

The next step in our Shiba Inu forecast is to delve into the factors that could influence the coin’s price in the future. To ensure we’ve covered all of the bases, this section will be broken down into technical analysis and fundamental analysis. Through a combination of these elements, our Shiba Inu price prediction will be as thoroughly researched as possible.

Technical

Similar to when you buy stocks, it’s crucial to examine the price chart and note technical factors that can hint at where the price is going. In the case of the Shiba Inu coin, we can see that the bullish surge in October 2021 helped price form a new resistance level. Ultimately, this point will likely prove important in the future, as price tends to gravitate back towards solid levels of resistance during upswings.

SHIB technical analysis

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A strong support level is sitting at the $00002 mark, price formed a foundation on during October 2021. Given the slowdown in Shiba Inu’s bearish momentum, we could see a rejection from this area in the near future. If so, expect to see Shiba Inu head towards the $000040 mark.

This would represent a psychological level for the Shiba token, as it’s a round number and could provide a base for further growth. Reaching that level from where the price is currently would represent a 51% return on your investment. Furthermore, if this level was broken, these returns could potentially double (or triple) in the following months!

Fundamental

You may be surprised to know that the Shiba Inu cryptocurrency is much more than a ‘memecoin’ – in fact, it has various use cases that can be of benefit going forward. Firstly, the Shiba Inu developers have recently launched their ShibaSwap platform, a decentralised exchange where users can trade several digital coins. Notably, ShibaSwap recently launched support for NFTs, with over 10,000 ‘Shiboshis’ available to buy and sell!

Shiba Inu is also now accepted by Shopping.io, a platform that lets users buy goods from places such as Amazon, eBay and Walmart using crypto. As these places do not directly accept crypto as payment, Shopping.io is an intermediary for people who wish to make their purchases using cryptocurrency. The fact that Shiba Inu is now accepted means that the coin has another practical use case – which is sure to increase its value in the months and years to come.

Shiba Inu Price Prediction 2025 – Long Term Outlook

Our Shiba Inu forecast in the future is filled with optimism – which is excellent news for investors! As you can see from the price chart, Shiba Inu has had a tough time in recent months following the all-time high that was posted in October 2021. However, this price pullback could actually be viewed as a positive aspect, as it’ll allow investors to invest in SHIB at a much more attractive price.

Recently, Shiba Inu’s developers have listed new pairs (and offered NFTs) on ShibaSwap, adding to the platform’s credibility. Furthermore, Shiba Inu has built up a sort of ‘cult following’ due to its original status as a memecoin, which is bound to help the coin grow going forward. These factors can’t be understated when it comes to building hype around a cryptocurrency.

Shiba Inu stats

If Shiba Inu can capitalise on the current market environment, our Shiba Inu coin price prediction 2025 sees the coin head towards the $0.0002 level – which would represent a 658% increase from today’s price. This would require people looking to buy cryptocurrency UK to shift their focus towards Shiba Inu, which is definitely a possibility.

Looking even further into the future, our Shiba Inu price prediction 2030 values the coin at the $0.0005 level. This would be a remarkable 1800% increase from today’s price, which is not unheard of in the crypto market. As a disclaimer, it’s hard to base this prediction on technical analysis as it would represent levels that price has never been to before.

shiba inu ecosystem

However, given the momentum we have seen in this token before, there’s every chance Shiba Inu could reach these heights. Over the next five to ten years, we will likely see a shift away from traditional FIAT currencies towards digital alternatives. Furthermore, the emergence of NFTs as a means of exchanging items is massive for Shiba Inu – which is where the developers should place their focus going forward. If these factors all merge, Shiba Inu could represent a fantastic investment opportunity for crypto investors worldwide.

Shiba Inu Price Chart

As has been highlighted through our Shiba Inu price prediction, the outlook is definitely rosy for this coin. Although many people may decide to buy Ethereum, XRP, Litecoin, Cardano, or other cryptos, the fact is that Shiba Inu has enormous potential to grow from the levels it is currently at. Due to Shiba Inu’s minuscule value at present, any significant price increases would mean massive gains for investors.

shiba inu trading eToro

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The Shiba Inu ecosystem that the developers are creating is providing a solid use case for this altcoin. Other tokens, such as LEASH and BONE, are now being traded on the Shiba Inu exchange, increasing its size and attracting more investors. If this continues to happen, it’ll have a positive knock-on effect on Shiba Inu’s value.

As the price was at the $0.000088 mark back in October 2021, it’s natural that this should be a target going forward. Simply returning to these all-time highs would represent a 237% return, highlighting this coin’s incredible potential. Furthermore, will the Shiba Inu ecosystem continuing to grow and the crypto market becoming increasingly popular, there’s always scope to go beyond these levels.

Where to Invest in Shiba Inu

Now that you have a solid understanding of Shiba Inu and its prospects, it’s time to discuss how to invest in the coin. Firstly, you’ll need to create an account with a safe and reliable broker or exchange to facilitate your investment. Many of the best trading platforms UK will offer cryptocurrency trading facilities – yet most will not provide Shiba Inu, as the coin is currently relatively small in terms of market cap.

However, we’ve found that the best crypto exchange for investing in Shina Inu is eToro. Although not technically an ‘exchange’, eToro offers an easy and cost-effective way of investing in Shiba Inu from the comfort of your own home. eToro is regulated by reputable organisations such as the FCA, ASIC, and CySEC, ensuring that all traders who use the platform are heavily protected.

etoro copytrader feature

We recommend eToro so highly because users do not have to pay any commissions when placing a trade, as the platform uses a spread-based structure. Other brokers and exchanges may charge a percentage of the position size as their ‘fee’, which eToro choose to avoid. In addition, eToro doesn’t charge any other hidden fees, and their minimum deposit is only $10.

Another great thing about eToro is that users can utilise the platform’s CopyTrader feature. This feature allows users to copy the trades made by other eToro users automatically. So, this means that beginner traders can generate returns whilst still learning the market!

Overall, we believe that eToro represents the best place to buy Shiba Inu right now. The platform’s low fees and user-friendly experience make it ideal for traders of all experience levels. Finally, eToro even offers a free demo account feature, which is perfect for learning the markets in a risk-free manner!

Shiba Inu Price Prediction – Conclusion

Throughout this article, we’ve presented our Shiba Inu prediction for various timeframes, covering the coin’s outlook and why we feel it’ll reach those levels. As Shiba Inu started as a memecoin, many doubters claim the coin will never reach the heights of other cryptos. However, as the crypto market gears up for another bull run and Shiba Inu adds further use cases, there’s every chance this coin could net great returns for investors.

So, if you’d like to invest in Shiba Inu right now, we’d recommend using eToro. eToro’s platform is regulated by the FCA, ASIC, and CySEC, providing a safe environment to trade the crypto market. What’s more, eToro charge no transaction fees when placing trades, with the minimum deposit amount being only $10!

 

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67% of retail investor accounts lose money when trading CFDs with this provider.

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.