Shiba Inu (SHIB) Price Prediction 2024-2030: Will SHIB Price Hit $0.0001 Soon?

• The bullish bias for SHIB in 2024 places its price prediction at $0.000069.
• 2026 and 2027 could be challenging for SHIB as the price might drop to $0.000051 and $0.000043 respectively.
• SHIB’s price could rally to $0.00050 before the end of 2030.

Before 2021, a lot of people did not know that Shiba Inu existed. But the breakout in the same year not only brought the project to the limelight, it also made a lot of people millionaires. However, SHIB has slowed down in doing that for the past three years, and developers of the project are trying to move it from just being a meme coin.

Despite that, the Shiba Inu community has continued to grow stronger. As such, there have been predictions that the token would perform well again. In this piece, Coin Edition looks at the potential of SHIB and its price prediction for 2024 to 2030.

What is Shiba Inu?

Shiba Inu was launched in 2020 by an anonymous founder under the name “Ryoshi.” The project is an Ethereum-based one that has amassed millions of people in its community. When  Shiba Inu was launched, there was no known use case. But support from people like Vitalik Buterin ensured the adoption of the project grew at a very fast pace.

Shiba Inu is secured by the Proof-of-Stake (PoS) consensus mechanism. However, the project has grown from just being a meme coin to creating its ecosystem. For instance, Shiba Inu has its layer-2 called Shibarium. 

Under this network, you wiil find tokens like BONE and LEASH. Apart from these, SHIB can also be used for peer-to-peer (p2p) payments between individuals and businesses that accept the token.

SHIB Current Market Status

As of this writing, SHIB’s price was $0.00023. This represents a 1.58% decrease in the last 24 hours. However, Shiba Inu has dropped out of the top 10 in terms of market cap and was ranked 11th.

The market cap of the project was $13.62 billion while its 24-hour trading volume was $411.81 million. SHIB’s maximum supply remains an unknown figure. However, there are almost 600 trillion tokens in circulation. 

SHIB can be bought on Binance, Bybit, Coinbase, KuCoin, and Kraken. While other platforms offer a trading pair for the token, ShibaSwap is one DEX you can also purchase the token.

Shiba Inu (SHIB) Price Analysis

SHIB has failed to impress for most periods since it tumbled from its all-time high. However, the development activity taken by the team reveals that it could be targeting something better. If this is the case, the price of the token might attempt to rise higher than its all-time high. But is this possible? Coin Edition looks at the price predictions from 2024 to 2030.

Shiba Inu (SHIB) Price Analysis – Bollinger Bands

On the 4-hour chart, the Bollinger Bands (BB) has begun to expand, meaning that SHIB could be getting set for significant price fluctuation. Also, the lower band of the BB had touched SHIB at $0.000022, indicating that the token was oversold.

From the indications below, SHIB could begin to experience high volatility. In a highly bearish case, the price of the token might fall to $0.000021. However, a bullish scenario looks likely, and a rise to $0.000025 in the short term.

Shiba Inu (SHIB) Price Analysis – Relative Strength Index (RSI)

Since May 4, the Relative Strength Index (RSI) has trended downwards, indicating a dominance of bears. As the momentum declined, so did SHIB’s price. 

However, the RSI on the 4-hour chart indicated that buyers were getting back into the market, and soon the momentum could be bullish. Should this be the case, the price of SHIB might jump, and an increase targeting $0.000030 could be possible.

Shiba Inu (SHIB) Price Analysis – Moving Average Convergence Divergence

While the BB and RSI showed bullish signals, the Moving Average Convergence Divergence (MACD) did not. According to the chart, the MACD was negative, indicating that momentum around the token was bearish.

Furthermore, the 12 EMA (blue) was below the 26 EMA (orange), suggesting that buyers have not been able to outpace sellers. As such, it could take some time before the bullish prediction gets validated.

Shiba Inu (SHIB) Price Prediction 2024

In 2024, SHIB looks destined to perform well despite its recent underwhelming price action. Evidence of its performance could be seen in the Awesome Oscillator (AO) on the daily chart. As of this writing, the AO was negative, indicating an increasing downward momentum.

Thus, this could lead SHIB down to $0.000020 in the short term. Furthermore, the Money Flow Index (MFI) was down, suggesting that capital has been taken out of the Shiba Inu market. However, if the MFI reaches 20.00, SHIB might become oversold, and a bounce could be next.

When the bounce occurs, the first stop could be $0.000045. However, before the end of 2024, the price of SHIB might hit $0.000069.

Shiba Inu (SHIB) Price Prediction – Resistance and Support Levels

From the 4-hour chart, bulls have formed support at $0.000020, suggesting that it could be challenging for SHIB to break down below this point. However, if selling pressure gets intense, it could be possible.

In terms of the resistance, there was one at $0.000023 which bulls could target as the next level to break. A successful breach above this point could send SHIB to $0.000027. On the other hand, rejection could force it back to $0.000020. 

In addition, the $0.000027 region is also another resistance area that could make or mar the token. If the price rises past this level, then SHIB could be on its way to a yearly high. If not, a decline to $0.000025 could be next.

Shiba Inu (SHIB) Price Prediction 2025

Although the token is down from its ATH, SHIB might recover in 2025. By this time, the liquidity allocated to other meme coins might rotate into the Shiba Inu ecosystem, and the price might hit $0.000095.

Shiba Inu (SHIB) Price Prediction 2026

By 2026, the price of SHIB might not continue to increase. This is because holders of the token might book profits from the hike the cryptocurrency must have experienced in 2024 and 2025. Hence, the price of SHIB could fall to $0.000051 in 2026.

Shiba Inu (SHIB) Price Prediction 2027

2027 might be challenging for SHIB like 2026. While the community might have increased, it might not translate to increased demand for the token. Furthermore, the crypto market might be in a bear phase too as the price of the token might fall to $0.000043.

Shiba Inu (SHIB) Price Prediction 2028

After the cryptocurrency might have experienced severe downside in 2026 and 2027, the price might rebound in 2028. By this time, the market cap of the token might have crossed $30 billion. As such, the price of SHIB could be $0.00011 in 2028.

Shiba Inu (SHIB) Price Prediction 2029

SHIB might continue its increase into 2029 as meme coins might have a great share of the broader market cap. With this prediction, the price of the token could be $0.00028.

Shiba Inu (SHIB) Price Prediction 2030

By 2023, the price of SHIB might continue to rally. This time, the pump could be harder than in previous years, placing the price prediction at $0.00050.

Shiba Inu (SHIB) Price Prediction 2040

The price of SHIB might experience years of downturn between 2030 and 2040. However, the community is expected to come out victorious by the end of 2040. At maximum, the price of SHIB could be $0.00074 in 2040.

Shiba Inu (SHIB) Price Prediction 2050

Shiba Inu’s ecosystem might have expanded to unimaginable levels by 2050. From our price prediction model, the token might have an incredible trading volume that could drive its price close to deleting one more zone. But at last, it could trade at $0.00091.

Conclusion

In conclusion, it is unlikely that SHIB would replicate its 2021 performance this cycle. But that does not imply that the price would not increase. From our projection, SHIB might hit a yearly high in a few months. However, it might not be able to surpass its all-time high until 2025. Still, look out for developments around the project before deciding to buy or not.

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