What Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.
Who Are the Founders of SHIBA INU?
The SHIBA INU WoofPaper has three reasons why their team created SHIB:
- “We started from zero, with zero.”
- “The brilliant minds behind Shib had never collaborated before.”
- “We love Shiba Inu Dogs.”
The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.
SHIBA INU Price Prediction
SHIBA INU Past Price Analysis
According to the latest data gathered, the current price of SHIBA INU is $0.00003735 and SHIB is currently ranked # in the entire crypto ecosystem. The circulation supply of SHIBA INU is 549,011,335,261,380 with a marketcap of $20,503,884,855.
With an increase in its trading volume and market cap, the SHIBA INU’s price has shown a good increase of 4.14% in the last 24 hours.
SHIBA INU is facing a hard time getting on board with other crypto coins. The SHIB is down to almost -2.05% in the last 7 days. The coin is still showing risking framing segments for past few days, the coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term.
However, after the comparing the current price with past 30 days price history, it is observed that SHIBA INU has increased 28.856% in its value. The average minimum price for the month is $0.00002474 while maximum average price was $0.00002657. this implies that this coin is a suitable asset and a new addition to your portfolio of coins for long term.
The 90 days price change is around 78.45% and the price circulated from a minimum average price of $0.00000799 to maximum average price of $0.00000938 in the past 90 days.
In Last 4 months SHIBA INU has shown a growing trend. Thus, we think that similar parts of the market were quite popular at that period. According to the latest data collected, the trading volume of SHIBA INU is increased from 4 months. The trading volume constitutes a vital role in its price.
The coin is up by 83.08% with the maximum average price of the coin was around $0.00000701 and the minimum average price of was around $0.00000661 in past 4 months.
SHIBA INU (SHIB) Price Prediction/Forecast
At reconshell.com we predict future SHIBA INU price predictions/SHIB forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of SHIBA INU. We do our best to collect maximum historical data for the SHIB coin which include multiple parameters like past price, SHIBA INU marketcap, SHIBA INU volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
SHIBA INU Price Prediction 2021
According to our deep technical analysis on past price data of SHIB, In 2021 the price of SHIBA INU is predicted to reach at a minimum level of $0.00003428. The SHIB price can reach a maximum level of $0.00003897 with the average trading price of $0.00003789.
SHIBA INU Price Prediction 2022
The price of SHIBA INU is predicted to reach at a minimum level of $0.00005760 in 2022. The SHIBA INU price can reach a maximum level of $0.00006446 with the average price of $0.00005950 throughout 2022.
SHIB Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of SHIBA INU is predicted to reach at a minimum level of $0.00007701. The SHIB price can reach a maximum level of $0.00010013 with the average trading price of $0.00007998.
The price of 1 SHIBA INU is expected to reach at a minimum level of $0.00011680 in 2024. The SHIB price can reach a maximum level of $0.00013211 with the average price of $0.00012079 throughout 2024.
SHIBA INU Price Prediction 2025
SHIBA INU price is forecast to reach a lowest possible level of $0.00017237 in 2025. As per our findings, the SHIB price could reach a maximum possible level of $0.00020631 with the average forecast price of $0.00017721.
SHIBA INU Price Prediction 2026
According to our deep technical analysis on past price data of SHIB, In 2026 the price of SHIBA INU is forecasted to be at around a minimum value of $0.00023167. The SHIBA INU price value can reach a maximum of $0.00029729 with the average trading value of $0.00024053 in USD.
SHIBA INU (SHIB) Price Prediction 2027
The price of SHIBA INU is predicted to reach at a minimum value of $0.00033992 in 2027. The SHIBA INU price could reach a maximum value of $0.00040337 with the average trading price of $0.00034954 throughout 2027.
SHIBA INU Price Prediction/Forecast 2028
As per the forecast and technical analysis, In 2028 the price of SHIBA INU is expected to reach at a minimum price value of $0.00048548. The SHIB price can reach a maximum price value of $0.00058422 with the average value of $0.00050296.
SHIBA INU (SHIB) Price Prediction 2029
The price of SHIBA INU is predicted to reach at a minimum value of $0.00071779 in 2029. The SHIBA INU price could reach a maximum value of $0.00083630 with the average trading price of $0.00073791 throughout 2029.
SHIBA INU Price Prediction 2030
SHIBA INU price is forecast to reach a lowest possible level of $0.001 in 2030. As per our findings, the SHIB price could reach a maximum possible level of $0.001 with the average forecast price of $0.001.
What Makes SHIBA INU Unique?
The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.
SHIBA INU has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.
How Many SHIBA INU (SHIB) Coins Are There in Circulation?
The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and “threw away the keys!” The remaining 50% was “burned to Vitalik Buterin.”
In response to the “gift” from the Shiba Inu team, Vitalik Buterin sent 50 trillion SHIB tokens, worth $1 billion in Shiba Inu price at that time, to India’s Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet.
There are several other tokens described on the SHIBA INU website — LEASH, which has “been unleashed and will not rebase,” and BONE, the “Dogecoin Killer.”
LEASH has a fixed supply of only 107,646 tokens, and offers enticing rewards to liquidity providers, while BONE has 250,000,000 tokens, and is a governance token that allows holders to vote on the Shiba Inu’s Doggy decentralized autonomous organization (DAO).
The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. “Trainers” can teach their Shibas to SWAP tokens as well — all of these actions create “Returns” that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.
In the beginning of May 2021, dog-themed meme tokens like Shiba Inu saw transaction volumes in the hundreds of millions of dollars. Shiba Inu price hit an all-time high (ATH) of 0.00005 on May 10, 2021, before going on a downtrend since.
On May 13, Vitalik Buterin (who was given half of the token supply by the developers) announced that he was donating a large amount of these tokens to a fund helping India with COVID relief. The SHIBA developers had not anticipated Buterin selling his tokens, so the relief fund (as of May 18) will have to navigate how to sell the tokens to use the money on aid without preventing market shocks in the SHIB market. At the news of Buterin’s announcement, Shiba Inu price dropped 44%.
How Is the SHIBA INU Network Secured?
According to 22-page-long SHIB’s WoofPaper, SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.
Where Can You Buy SHIBA INU (SHIB)?
SHIB is listed on Huobi, Binance, Coinbase, Gate.io, Uniswap (V2) and OKEx, among other exchanges.
To check Shiba Inu price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Shiba Inu currency page. Alternatively, use the dedicated exchange rate converter page. Popular Shiba Inu price pairs include: SHIB/USD, SHIB/GBP, SHIB/AUD and SHIB/EUR.