Shiba Inu coin price prediction 2024-2030: Is SHIB skyrocketing soon?

Key takeaways

• In 2024, the Shiba Inu price could reach a maximum value of $0.000038.
• By 2027, the SHIB price could reach the maximum possible level of $0.000134 with an average forecast price of $0.000115.
• The SHIB price can reach a maximum price value of $0.000397 with an average value of $0.000361 in 2030.

 

The Shiba Inu (SHIB) cryptocurrency, originally a meme coin, has evolved into a comprehensive ecosystem with significant utility. Key components include ShibaSwap, a decentralized exchange, and Shibarium, a Layer 2 solution to enhance scalability. These developments have boosted SHIB’s adoption and functionality.

As SHIB’s ecosystem grows, questions arise about its future price trajectory. Will the advancements in ShibaSwap and Shibarium drive SHIB to new highs? Can SHIB sustain its momentum and solidify its position in the crypto market? Can SHIB ever reach $1?

Overview

Cryptocurrency	Shiba Inu
Token	SHIB
Price	$0.00002487
Market Cap	$0.00002487
Trading Volume	$332,920,221
Circulating Supply	–
All-time High	$0.00008845  Oct 27, 2021
All-time Low	$0.00000000008165  Aug 31, 2020
24 High	$0.00002546
24 Low	$0.00002472

Shiba Inu price prediction: Technical analysis

Metric	Value
Price Prediction	$0.00008273  (228.52%)
Volatility	4.85%
50-Day SMA	$0.00002443
14-Day RSI	49.65
Sentiment	Neutral
Fear & Greed Index	73 (Greed)
Green Days	13/30 (43%)
200-Day SMA	$0.00001728

Today’s Shiba Inu price is $0.00001622, with a 24-hour trading volume of $319,822,952. Shiba Inu is down 1.43% in the last 24 hours. The current CoinMarketCap ranking is 13, with a live market cap of $9,545,031,542. It has a circulating supply of 589,270,849,738,473 SHIB coins, and the max. Supply is not available.

Shiba Inu price analysis: SHIB rallies high as buying pressure intensifies

• Shiba Inu price analysis shows a bullish market sentiment
• SHIB has gained over 5 percent in the past 24 hours
• The daily trading volume has lost over 42 percent

 

Shiba Inu’s price analysis on 9th July 2024 revealed an impressive rally in the price of digital assets, which is gaining momentum. SHIB has been trading in a tight range between $0.00001578 and $0.00001662 for almost a week. As of press time, SHIB is trading at $0.00001622, an increase of 1.43 percent in the past 24 hours.

The daily trading volume has also seen an impressive jump, with over a 40 percent increase compared to the previous day’s figures, reaching close to $319 million as buying pressure intensifies for SHIB tokens. This indicates that traders are taking advantage of the recent rally and are buying up SHIB tokens in anticipation of further price increases.

Shiba Inu price analysis daily chart: Bullish momentum builds in the SHIB market as the price hovers above $0.00001600

The daily chart for Shiba Inu price analysis shows a continuous uptrend in the SHIB price, with a consolidation period between $0.00001578 and $0.00001662 broken yesterday afternoon. Since then, SHIB has been trading above the $0.00001600 mark and maintains support as bullish momentum builds up in the market for SHIB tokens. The buyers are likely to keep SHIB above the $0.00001600 mark in the short term, while a further rally could be expected if more buyers confidently enter the market.

Technical indicators such as RSI and MACD show a bullish divergence, indicating that the SHIB market is heading for higher highs in the short and medium terms. The buyers have been pushing the price with intense buying pressure, suggesting they are confident of further gains.

The Moving Average Convergence Divergence (MACD) indicator has a positive value, which indicates that the bulls are in control of the market and are likely to push SHIB further up. The Relative Strength Index (RSI) also points upwards at 62 indexes, showing that momentum is with the buyers. Further, the Bollinger band is widening with the price trading above the upper band, which signals more upside potential for SHIB.

Shiba Inu price analysis hourly chart: Recent developments and further indications

Looking at the hourly chart for Shiba Inu price analysis, we can see that the price is trading above both the 20 and 50-day Exponential Moving Averages, indicating a strong bullish sentiment in the market for SHIB tokens. The buyers have been aggressively pushing prices up with continuous buying pressure, which suggests they are confident of further gains.

The MACD indicator has also taken on a positive value and will likely continue if buying pressure remains strong. The histogram is growing steadily, which indicates increasing buying pressure. The RSI also maintains an uptrend as it hovers slightly below the overbought zone, suggesting buyers still control the market.

Shiba Inu technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value	Action
SMA 3	$0.00002510	SELL
SMA 5	$0.00002566	SELL
SMA 10	$0.00002534	SELL
SMA 21	$0.00002475	BUY
SMA 50	$0.00002443	BUY
SMA 100	$0.00002512	SELL
SMA 200	$0.00001728	BUY

Daily exponential moving average (EMA) 

Period	Value	Action
EMA 3	$0.00002641	SELL
EMA 5	$0.00002599	SELL
EMA 10	$0.00002545	SELL
EMA 21	$0.00002494	SELL
EMA 50	$ 0.00002461	BUY
EMA 100	$0.00002288	BUY
EMA 200	$0.00001914	BUY

What to expect from Shiba Inu price analysis

Shiba Inu price analysis indicates a bullish trend in the market with intense buying pressure. The daily and hourly chart suggests that buyers are confident of further gains for SHIB tokens and could push the price towards or above the $0.00001600 mark if this momentum is sustained. In addition, technical indicators such as MACD and RSI show positive values, which suggests that the bulls are likely to remain in control of the market in the short and medium terms.

Recent news/opinion on Shiba Inu

• DEXToolsApp now supports ShibaSwap

WOOF! @DEXToolsApp now supports #ShibaSwap. Unlock advanced #DeFi analytics for the #SHIBARMY pic.twitter.com/E25mHS6tzS

— ShibaSwapDEX (@ShibaSwapDEX) June 11, 2024

Shiba Inu price prediction for July 2024

Based on the price fluctuations of Shiba Inu at the beginning of 2024, the average SHIB rate is expected to be $0.0000555 in July 2024. Its minimum and maximum prices can be expected at $0.00002470 and $0.0000858, respectively.

Shiba Inu price prediction	Potential Low	Potential Average	Potential High
Shiba Inu price prediction for July 2024	$0.00002470	$0.0000555	$0.0000858

Shiba Inu price prediction 2024

In 2024, the minimum price of Shiba Inu will be around $0.000033. The maximum expected price for SHIB may be around $0.000038. On average, the trading price might be $0.000034.

Shiba Inu price prediction	Potential Low	Potential Average	Potential High
Shiba Inu price prediction 2024	$0.000033	$0.000034	$0.000038

Shiba Inu price prediction 2024-2030

Year	Minimum	Average	Maximum
2025	$0.000050	$0.000052	$0.000058
2026	$0.000076	$0.000078	$0.000088
2027	$0.000112	$0.000115	$0.000134
2028	$0.000160	$0.000166	$0.000200
2029	$0.000231	$0.000239	$0.000283
2030	$0.000349	$0.000361	$0.000397

Shiba Inu price prediction 2025

In 2025, the price of Shiba Inu is predicted to reach a minimum level of $0.000050, a maximum level of $0.000058 and an average SHIB price of $0.000052.

SHIB price forecast for 2026

The price of Shiba Inu is predicted to reach at a minimum value of $0.000076, a maximum value of $0.000088 and an average trading price of $0.000078.

Shiba Inu price prediction 2027

Shiba Inu’s price is forecast to reach a minimum price of $0.000112 in 2027. Traders can expect a maximum price of $0.000134 and an average price of $0.000115.

Shiba Inu price prediction 2028

According to the Shiba Inu price prediction 2028, SHIB could reach a maximum price of $0.000200, an average price of $0.000166, and a minimum price of $0.000166.

Shiba Inu price prediction 2029

As per the Shiba Inu price forecast for 2029, the price of SHIB is predicted to reach at a minimum value of $0.000231, a maximum level of $0.000283 and an average trading price of $0.000239.

Shiba Inu price prediction 2030

In 2030, the price of Shiba Inu is expected to reach a minimum level of $0.000349, a maximum level of $0.000361 and an average price of $0.000397.

Shiba Inu market price prediction: Analysts’ SHIB price forecast

Firm Name	2024	2025
Gov.Capital	$0.000185	$0.00021275
DigitalCoinPrice	$0.000397	$0.000145
Technewsleader	$0.00013855	$0.00052422

Cryptopolitan’s Shiba Inu price prediction

According to Cryptopolitan, Shiba Inu (SHIB) may reach a maximum price of $0.000034 by 2024. By 2026, the price of Shiba Inu is predicted to reach a minimum value of $0.000076 in 2026. The Shiba Inu price could reach a maximum value of $0.000088 with an average trading price of $0.000078.

Shiba Inu historic price sentiment

• Memecoin Shiba Inu saw its price grow by over 300 percent within the same month, marking a trading fury reminiscent of Dogecoin in early 2021.
• Shiba Inu’s price history from 2022 to mid-2024 has experienced several notable fluctuations.
• At the beginning of 2022, the price of Shiba Inu was relatively low, trading around $0.000025.
• In May 2022, the price saw a sharp decline, dropping to approximately $0.000008.
• Throughout the rest of 2022, Shiba Inu’s price remained fairly stable, fluctuating between $0.000007 and $0.000010.
• In early 2023, there was a brief spike in February, where the price peaked at $0.000015. However, this was followed by a gradual decline, and by June 2023, the price stabilized around $0.000010.
• Moving into 2024, Shiba Inu experienced another surge in March, reaching a high of $0.000045. This increase was short-lived, and in June 2024, the token is consolidating within the $0.0000173 – $0.00002933 price range.