Predictions

Shiba Inu Price Prediction,Will the cost of SHIB reach $0.000006?

In 2023, Shiba Inu, SHIB may reach $0.000006
In 2023, Shiba Inu’s price forecast for the worst-case scenario values SHIB at $0.0000055.
Shiba Inu’s prior all-time high was on October 28, 2021, when SHIB traded for $0.000086.

Shiba Inu cost $0.0000071 at the same time last week. It has changed -4.10% over the last week and is now worth $0.0000069. In reality, SHIB has pumped by 2.24% during the last 24 hours. A modest pessimistic mood pervades the cryptocurrency market. However, the long-term outlook is still positive, and SHIB may reach $0.000021 in 2024.

Shiba Inu’s total available supply was $589328430732274.50 at the time this article was written, and its market capitalization is still $4,101,552,194.

Disclaimer
The programme will automatically estimate a positive price for some coins with few to no data points and no previous data. Our AI bot is unable to understand the whitepaper, tokenomics, or the integrity of the team. Please invest prudently after reading the project’s whitepaper and keeping in mind that the coin’s price, which you are going to see here, can drop significantly based on a number of variables. This price forecast is currently being carried out by a computer that is still in its early beta stages. It must absolutely not be construed as investment advice. No human has independently confirmed the price projected below, so use your judgement and choose wisely even though the brightest engineers are currently fine-tuning and upgrading the algorithm.

About Shiba Inu

Shiba Inu (SHIB): An overview 

Source: Shib/Twitter

A decentralized cryptocurrency called Shiba Inu (SHIB) was initially developed as a meme coin, taking design cues from Dogecoin (DOGE). Shiba Inu runs on a decentralized, peer-to-peer (P2P) network like many other cryptocurrencies. The Shiba Inu dog breed, which has gained popularity online and serves as Dogecoin’s mascot, is named after in the token itself. The ecosystem of the digital currency has undergone tremendous evolution, and community growth has been steady. Many have referred to Shiba Inu as the “Dogecoin killer” due to the token’s rise in the forefront of development activity and its charts. Shiba’s “woof paper” can help you better understand the reasoning for its creation.

Tokens

 

Origin: Shib.io The ecology of Shiba Inu is made up of the following three tokens:

SHIB

SHIB functions as an ERC-20 token on the Ethereum (ETH) blockchain as the initial and main token of the Shiba Inu ecosystem.

The original supply of SHIB tokens was 1 quadrillion (1000 trillion). However, a sizeable amount was transferred to Vitalik Buterin, the co-founder of Ethereum, for storage.

In May 2021, Buterin gave the COVID-19 relief fund in India more than 50 trillion Shiba Inu coins, which were then worth over $1 billion. Then, the creator of Ethereum “burned” 40% of the whole quantity of Shiba Inu to a purportedly defunct wallet. There are 589.33 trillion SHIB in circulation as of September 2023.

LEASH

LEASH, on the other hand, was initially a rebase token linked to the price of Dogecoin and has a total quantity of just 107,646 tokens. In essence, the LEASH token was introduced to reward ShibaSwap users.

These tokens can be staked to get xLEASH tokens as a reward. The xLEASH liquidity pool consists of the holders of xLEASH tokens.

BONE

With the introduction of ShibaSwap, BONE became the ecosystem’s governance token for Shiba Inus. It has a 250,000,000 token initial supply for circulation. Voting privileges are offered to BONE holders for upcoming initiatives.

Shiba Inu ecosystem

 

Origin: Shib.io

Let’s now examine further elements of the Shiba Inu ecology.

Shibarium

Shibarium is a Layer 2 scaling solution for blockchains, which is a layer that is built on top of another blockchain to increase scalability and transaction speed. Shiba Inu and Ethereum both work better as a result of this additional layer’s help with throughput.

The Shibarium blockchain provides a secure and public platform for the production and exchange of digital assets. Additionally, it seeks to act as a foundation for developing decentralized apps (dApps).

ShibaSwap

Users can stake (bury) their tokens on the ShibaSwap decentralized exchange (DEX) network to earn profits, supply liquidity (dig), or swap tokens. As a result, it promoted the adoption of SHIB, LEASH, and BONE, becoming a key component of the ecosystem.ShibaSwap’s emphasis on customers buying SHIB and LEASH highlights the ecosystem’s efforts to concentrate trading activity on one platform, perhaps bringing more liquidity and value to ShibaSwap.

Shiboshis

The Shiba Inu team produced 10,000 different non-fungible tokens (NFTs) as Shiboshis. Each Shiboshi is an individually collectible pixelated cartoon of a Shiba Inu dog with unique characteristics. Because these NFTs are hosted on the Ethereum blockchain, their ownership and legitimacy can be independently verified.

Shib: The Metaverse

Shib: The Metaverse serves as a digital representation of the platform’s history, showcasing their creativity and cohesion in a place they all call home.

The team is currently working on creating rich, immersive experiences that will let people explore the Shiba Inu Universe, get new perspectives from it, and interact with it in novel ways.

Their goal is to give users new opportunities for passive income, collect in-game items, obtain awards, and even create private rooms where they can manage their projects.

Shiba Eternity

A captivating free-to-play collectible card game is Shiba Eternity. Players are taken into the captivating world of the Shiboshis in this game.

Shiba Eternity, a card game with over 500 unique cards and a vast world of 10,000 Shiboshi champions, allows players to create a custom deck based on the characteristics of their Shiboshis and warriors from six dynamic disciplines:

  • Chewjitsu
  • Taikwondoje
  • Ryo Chi
  • Bite Thai
  • Woof Chun
  • Shyjitsu

History of Shiba Inu

 

Origin: Shib.io

The Shiba Inu was invented in August 2020 by “Ryoshi,” an unidentified person (or group).According to its creator, the meme token’s initial goals included decentralized community formation. These principles laid the groundwork for innumerable projects throughout the years as the SHIB Army expanded.

Industry leaders have acknowledged the outstanding feat of SHIB’s ability to function as currency, and many physical establishments have begun to accept it. In certain of their U.S. locations, companies like Gucci and Rooms to Go now accept SHIB as payment. Let’s look at some of its most significant developments.

  • The debut of ShibaSwap occurred in July 2021.
  • The network revealed its collaboration with David Folk to create a game project in November 2021.
  • ShibaSwap’s Doggy Dao launched in February 2022.
  • SHIB unveiled their own Metaverse in March 2022.
  • An early beta test for Shibarium, a Layer 2 scaling solution for blockchains, became live in March 2023.
  • Shibarium was operational and live by August 2023.

Shiba Inu (SHIB) Price Analysis

The SHIB cryptocurrency demonstrated an impressive battle between its bullish and bearish sentiments from September 2022 to September 2023. Although a bearish trend was highlighted by the token’s overarching story, the bulls’ tenacity could not be discounted.The price of SHIB at the time of writing was $0.00000730.

SHIB Weekly Chart

 

SHIB initially tested its peak resistance at $0.000014 at the beginning of the term. It was rejected at this level, and by the end of the year, it had significantly retracted to the $0.0000080 level. The coin saw a recovery in January 2023, possibly fueled by general market emotions or SHIB-specific triggers.

The token once more soared to its top resistance after a tremendous rally. During this time, $0.000010 firmly established itself as a reliable support level for SHIB. However, because markets are rarely linear, this support quickly gave way. Sensing an opening, the bears launched an attack that once more dropped the token just above the $0.0000080 region.

When the bearish momentum accelerated in June 2023, the price fell to a new low of $0.0000066. The token did make a return attempt in August 2023, but the upsurge was fleeting, causing yet another decline.

The price of the token changed according with the trading volume. Notably, there was a noticeable increase in volume during the bullish phases. This suggested that the bullish rallies were supported by a sizable trading interest, giving these price moves credence.

The SHIB Relative Strength Index (RSI) lingered below the neutral 50 line for the most of the assessment period. The number 60 in January 2023 stands out as a remarkable outlier, signaling a strong bullish trend.

This, however, didn’t last long. It briefly rallied to 50.57 after retracting, but then fell to an unsettling 31.86. With an RSI of 55.53, August 2023 saw another small bullish peak. The RSI stood at 40.57 at the end of the review period, indicating some bearish emotion but not quite oversold.

The On-Balance Volume (OBV) started the year off on a downward arc but eventually changed into a more or less static phase with few changes, particularly toward the end of the review period, where it sort of flatlined after a small peak.

Should you think about purchasing SHIB?

Given the aforementioned warning signs, it is suggested that you proceed with caution. In order to enter a position, traders may aim for a purchasing range between $0.0000054 and $0.0000086.

If the aforementioned resistance levels are not turned back into support, a bullish rally is probably doomed to fail. Investors need to be on the lookout for any changes in market attitude.

Shiba Inu Price Prediction

Shiba Inu has experienced a busy 2021. We have separated the most recent SHIB price prediction into two categories: short-term and long-term Shiba Inu price predictions. SHIB’s trading volume at the time this article was written was $61,684,829.In the last 30 days, Shiba Inu has decreased by -3.95%.

Our analysis indicates that the greatest probable price for the Shiba Inu in December 2023 would be $0.0000053, with the average price of SHIB for that month being $0.000005.

Additionally, based on our analysis over the long run, the average price of the Shiba Inu for April 2024 is $0.000019, while the highest price that may be expected is $0.00002.

Shiba Inu’s Short Term Price Prediction

Date Avg Price Lowest Price Highest Price
14 Oct 2023 $0.0000065 $0.0000061 $0.000007
15 Oct 2023 $0.0000064 $0.0000059 $0.0000068
16 Oct 2023 $0.0000063 $0.0000059 $0.0000068
17 Oct 2023 $0.0000063 $0.0000058 $0.0000067
22 Oct 2023 $0.000006 $0.0000056 $0.0000064
27 Oct 2023 $0.0000057 $0.0000053 $0.0000061
6 Nov 2023 $0.000005 $0.0000046 $0.0000053
December 2023 $0.000005 $0.0000046 $0.0000053

Shiba Inu price prediction 14 Oct 2023:

Our analysis predicts that the price of Shiba Inu will be between $0.0000061 and $0.000007 on October 14, 2023, with an average price of SHIB of around $0.0000065.

Shiba Inu price prediction 15 Oct 2023:

Our analysis predicts that the price of Shiba Inu will be between $0.0000059 and $0.0000068 on October 15, 2023, with an average price of SHIB of about $0.0000064.

Shiba Inu price prediction 16 Oct 2023:

Our analysis predicts that the price of Shiba Inu will be between $0.0000059 and $0.0000068 on October 16, 2023, with an average price of SHIB of about $0.0000063.

Shiba Inu price prediction 17 Oct 2023:

Our analysis predicts that the price of Shiba Inu will be between $0.0000058 and $0.0000067 on October 17, 2023, with an average price of SHIB of about $0.0000063.

Shiba Inu price prediction 22 Oct 2023:

Our estimate predicts that the price of Shiba Inu will be between $0.0000056 and $0.0000064 on October 22, 2023, with an average price of SHIB of about $0.000006.

Shiba Inu price prediction 27 Oct 2023:

According to our analysis, the price of a Shiba Inu on October 27th, 2023, should be between $0.0000053 and $0.0000061, with the average price of SHIB being around $0.0000057.

Shiba Inu price prediction 6 Nov 2023:

According to our study, the price of a Shiba Inu on November 6th, 2023, should be between $0.0000046 and $0.0000053, with an average price of SHIB of about $0.000005.

Shiba Inu price prediction December 2023:

According to our analysis, the price of a Shiba Inu in December 2023 should be between $0.0000046 and $0.0000053, with an average price of SHIB of about $0.000005.

Shiba Inu’s Long Term Price Prediction

Below is a look at SHIB’s long-term price outlook as it relates to the Shiba Inu stock.With a market capitalization of $4,101,552,194 and trading volumes of $61,684,828, Shiba Inu was last seen at $0.0000069.SHIB’s price prediction is made feasible by examining past price behavior, current events, and public opinion.

Years Avg Price Lowest Price Highest Price
2023 $0.000005 $0.000004 $0.000006
2024 $0.000018 $0.000014 $0.000021
2025 $0.000024 $0.000019 $0.000028
2026 $0.000031 $0.000025 $0.000038
2027 $0.000042 $0.000034 $0.000051
2028 $0.000056 $0.000045 $0.000067
2029 $0.000075 $0.00006 $0.00009
2030 $0.0001 $0.00008 $0.00012
2031 $0.00013 $0.0001 $0.00015
2032 $0.00017 $0.00014 $0.00021
2033 $0.00023 $0.00018 $0.00028
2034 $0.00031 $0.00025 $0.00037

Shiba Inu price prediction 2023:

Our estimate predicts that the price of a Shiba Inu will be between $0.000004 and $0.000006 in 2023, with an average price of SHIB of about $0.000005.

Shiba Inu price prediction 2024:

According to our analysis, the price of a Shiba Inu in 2024 should range from $0.000014 to $0.000021, with the average price of SHIB being close to $0.000018.

Shiba Inu price prediction 2025:

According to our analysis, the price of a Shiba Inu in 2025 should be between $0.000019 and $0.000028, with an average price of SHIB of about $0.000024.

Shiba Inu price prediction 2026:

According to our analysis, the price of a Shiba Inu in 2026 should be between $0.000025 and $0.000038, with an average price of SHIB of about $0.000031.

Shiba Inu price prediction 2027:

According to our analysis, the price of a Shiba Inu in 2027 should be between $0.000034 and $0.000051, with an average price of SHIB of about $0.000042.

Shiba Inu price prediction 2028:

According to our analysis, the price of a Shiba Inu in 2028 should be between $0.000045 and $0.000067, with an average price of SHIB of about $0.000056.

Shiba Inu price prediction 2029:

Our estimate predicts that the price of a Shiba Inu will be between $0.00006 and $0.00009 in 2029, with an average price of SHIB of about $0.000075.

Shiba Inu price prediction 2030:

According to our estimate, the price of a Shiba Inu in 2030 should be between $0.00008 and $0.00012, with the average price of SHIB being close to $0.0001.

Shiba Inu price prediction 2031:

According to our analysis, the price of a Shiba Inu in 2031 should be between $0.0001 and $0.00015, with an average price of SHIB of about $0.00013.

Shiba Inu price prediction 2032:

According to our analysis, the price of a Shiba Inu in 2032 should be between $0.00014 and $0.00021, with an average price of SHIB of about $0.00017.

Shiba Inu price prediction 2033:

According to our analysis, the price of a Shiba Inu in 2033 should be between $0.00018 and $0.00028, with an average price of SHIB of about $0.00023.

Shiba Inu price prediction 2034:

According to our analysis, the price of a Shiba Inu in 2034 should be between $0.00025 and $0.00037, with an average price of SHIB of about $0.00031.

A Historical look at Shiba Inu, SHIB’s price:

 

 

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