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

• Bullish Shiba Inu (SHIB) price prediction ranges from $0.000045 to $0.0001
• Analysis suggests that the SHIB price might reach above $0.00009.
• The SHIB bearish market price prediction for 2024 is $0.00002.

Shiba Inu (SHIB) is a meme token that took the cryptocurrency space by storm. It is called “DOGECOIN KILLER” by its community and other crypto users. It was launched on the Ethereum blockchain as an ERC-20 token.

Over the years, the Shiba Inu ecosystem has grown by developing tokens, NFT collections, and even its very own metaverse. SHIB’s burning feature has also garnered the attention of traders and meme coin enthusiasts alike.

If you are interested in the future of Shiba Inu (SHIB) and would like to know the price analysis and forecast of SHIB for 2024, 2025, 2026, 2027, 2028, and up to 2030, keep reading this Coin Edition article.

Shiba Inu (SHIB) Real Time Market Status

What is Shiba Inu (SHIB)?

Shiba Inu, often referred to by the ticker symbol SHIB, is the primary cryptocurrency token within the Shiba Inu ecosystem. It serves as a decentralized, community-driven digital currency with global accessibility. Introduced in late 2020 as an Ethereum-based token, SHIB has gained widespread recognition and is now accepted as a means of payment at numerous locations, either directly or through third-party intermediaries.

This cryptocurrency was created anonymously in August 2020 by an individual who goes by the pseudonym “Ryoshi.” Ryoshi has consistently downplayed their own importance, asserting that efforts to uncover their identity would likely result in underwhelming revelations.

Shiba Inu gained significant momentum and increased in value thanks to its vibrant community of investors and the attention it received from prominent figures like Elon Musk and Vitalik Buterin. While there were earlier speculations suggesting Vitalik Buterin’s involvement, he clarified on the Lex Fridman podcast in June 2021 that he was not the originator of Shiba Inu.

SHIB is actively traded on the ecosystem’s proprietary decentralized exchange, ShibaSwap, providing liquidity and trading opportunities for users.

A notable milestone occurred on September 17, 2021, when Coinbase, the largest cryptocurrency exchange in the United States, listed Shiba Inu on its platform. This announcement triggered a remarkable surge in the price of Shiba Inu, with a more than 40% increase within the subsequent two days, once again thrusting this meme-inspired token into the spotlight.

Shiba Inu (SHIB) Current Market Status

At the time of writing, SHIB is trading at $0.00003936 with a total market capitalization of $20,063,990,583. SHIB sits in the tenth place on CoinMarketCap in terms of market capitalization. Moreover, there has been a surge of 54% in the price during the past 24 hours. 

SHIB’s 24-hour trading volume is valued at $3,618,964,745 after recording a drop of 33.11%. SHIB can be traded on major cryptocurrency exchanges such as Binance, Coinbase, KuCoin, Kraken, OKX, and Uniswap.

Shiba Inu (SHIB) Price Analysis 2024

Will SHIB’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect SHIB’s sentiment over time?

Shiba Inu (SHIB) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. 

The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The red rectangles in the above chart show a couple of occasions where the bands expand and contract. When the bands expand there is a high chance that the prices could increase or fall by a large margin. During these times, the trading volume is quite high and the market is active. Meanwhile, when the bands contract the price moves sideways with very few vertical movements. The market is dormant during this stage. 

Currently, the Bollinger bands are gaping, as SHIB has increased exponentially. It has gone above the upper Bollinger band, hence, it is extremely overbought. Therefore, there is a high chance that the market could correct the prices and SHIB could go through some retracements. Nonetheless, SHIB doesn’t need to always go through retracement. If the market is flooded with buyers, SHIB may stay in the extreme region for quite some time without retracing.

The above chart shows the relative volatility index (RVI), the RVI helps to gauge, in which direction the volatility could send the prices. If the RVI value is (>50), then SHIB could move in the upward direction while it will move downwards for RVI values(<50). Currently, the RVI reads a value of 85 and the line seems to be moving in the upward direction, hence, there could be more of a rise in price for SHIB. 

The historic volatility indicator reads a value of 282, SHIB reached close to this value on the indicator in May 2022. This indicator shows that SHIB has moved quite far from its mean value. Hence, there could be a retracement in the future. Moreover, a high value on the historical indicator shows that the security is riskier.

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

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. 

When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

The RSI in the above chart reads a value of 98 and SHIB is extremely overbought or overpriced. Hence, there could be a retracement for SHIB. The RSI and the Signal line when used in unison could mean a few things. For instance when the RSI is above the Signal line, which is a Simple Moving Average, then the token is considered to be performing well. However, when the RSI is below the Signal line, the token is performing below par. 

The average multi-length RSI which is used at the bottom of the chart has a minimum length of 10 days and a maximum length of 20 days. The average multi-length RSI reads a value of 97, and it is extremely overbought. This could mean that SHIB could have a retracement oncoming. Moreover, the RSI Volume Weighted Average Price which multiples the price by the number of shares traded and divides it by the number of shares gives an average price value for SHIB. Currently, even the RSIVWAP is in the overbought zone. Hence, this too shows that there could be a reversal in SHIB prices.

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

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default parameters for the MACD are set at 12-day EMA and 26-day EMA.

The above chart shows two instances where the MACD was in the positive and negative zones. Usually, when the MACD is in the positive region, the token gains value in the short term, and when the MACD is in the negative region, the token loses value. Or, when the 12-day EMA is greater than the 26-day EMA, MACD is positive. But, when the 12-day EMA is less than the 26-day EMA, MACD is negative. Currently, the MACD reads a value of 0.00000538, and the MACD is placed above the signal line which means, SHIB is performing above par.

Shiba Inu (SHIB) Price Prediction 2024 – 2030 Overview

Shiba Inu (SHIB) Price Prediction 2024

After an extended period of moving laterally, SHIB has currently started to gain value vertically. It is heading straight towards the $0.000089 level as highlighted by the red line. If SHIB maintains this present gradient which it is rising along currently, then the above-stated target would be achieved shortly. However, the Fixed Range Volume Profile shows that higher the prices, the lesser the trading activity. Hence, based on this, there could be a retracement coming for SHIB as there seems to be a lack of volume supporting this drastic rise. 

If at all by any chance SHIB fails to keep up the present trend, then, there is a high chance that it could fall to $0.00002 for support. However, the market is excited with the BTC halving around the corner, hence, traders may need to think twice before setting a position.  

Shiba Inu (SHIB) Price Prediction 2025

SHIB could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, SHIB will continue to rise in 2025, forming new resistance levels. It is expected that SHIB will trade beyond the $0.00016 level if the buyers’ optimism for this memecoin is high.

Shiba Inu (SHIB) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, SHIB could tumble into its support regions. However, when SHIB remains in the oversold region, there could be a price correction soon. SHIB, by the end of 2026, could be trading beyond the $0.000095 resistance level after experiencing the price correction.

Shiba Inu (SHIB) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. SHIB is expected to rise after its slumber in the bear season. Moreover, SHIB could even break more resistance levels as it continues to recover from the bearish run. Therefore, SHIB is expected to trade at $0.00012 by the end of 2027.

Shiba Inu (SHIB) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, SHIB will continue to form new higher highs and is expected to move on an upward trajectory. Hence, SHIB would be trading at $0.00065 after experiencing a massive surge by the end of 2028.

Shiba Inu (SHIB) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, SHIB could be trading at $0.0035 by the end of 2029.

Shiba Inu (SHIB) Price Prediction 2030

After witnessing a bullish run in the market, SHIB and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, SHIB could be trading at $0.00078.

Shiba Inu (SHIB) Price Prediction 2040

The long-term forecast for SHIB indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, SHIB may face a slight fall before starting its upward journey once again. It is expected that the average price of SHIB could reach $0.005 by 2040.

Shiba Inu (SHIB) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, SHIB could surpass the resistance level of $0.098.

Conclusion

If investors continue showing their interest in SHIB and add these tokens to their portfolio, it could continue to rise. SHIB’s bullish price prediction shows that it could reach the $0.00009 level.

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