Shiba Inu Coin Price Analysis and Forecast 2024-2050

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Contributor, Benzinga
February 14, 2024
verified by Ryan McNamara

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Imagine throwing $8,000 into a speculative investment, only to return several months later to see a balance of over $5.7 billion. While this may seem impossible and unrealistic, this is a true story, made possible by the astronomical rise of Shiba Inu (SHIB). After its massive run-up, SHIB has cooled off a bit. However, with the help of artificial intelligence (AI), here are some predictions for where SHIB could trade in the coming years and decades. 

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts

What is Shiba Inu?

Started in 2020, Shiba Inu is a meme coin project that was hoping to ride some of the hype of its major predecessor, Dogecoin (DOGE). However, the token quickly rose to prominence and the creators decided to see how they could take the project to the next level. The rise was driven by online attention from the likes of Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk. The token is built on the Ethereum chain, using the ERC-20 token standard.

Initially, the token was only meant to be used as a form of payment. Users could send SHIB tokens to each other or hold them as an investment. However, the huge popularity of the token brought about new opportunities for growth and expansion.

The creators of SHIB eventually released a decentralized exchange (DEX) and an NFT project involving the token. These projects attracted even more users and continued to propel the token higher.

These projects helped SHIB differentiate itself from other meme coins, which are widely considered parodies or inside jokes rather than digital products with real utility.

Will Shiba Inu Go Up?

After a meteoric rise in 2020 and 2021, SHIB fell quite a bit, settling around the $0.00001 mark. It has hovered around this price level for several months and has become much less volatile. However, it has slowly been cooking up projects over the past year or so, with new products such as its own metaverse, games, a magazine and merchandise. While these projects have been most popular among active community members, the infrastructure is large enough to support growth. 

While it has the ecosystem built out enough to help increase the price of SHIB, an outside event will likely have to occur for this to happen. 

For example, if there is another crypto bull market, new users could enter the crypto space and begin using Shiba Inu’s products. This circumstance could cause the price to increase.

Will Shiba Inu Go Past All-Time Highs? 

At its peak, SHIB had a price of $0.00008845, with a market cap of around $43 billion. For the price to reach new all-time highs (ATHs), it would have to appreciate over 800%. While this is not impossible and has been done before, it would require a large amount of buying activity to reach a new ATH. 

Shiba Inu Market Position

In early 2024, SHIB has a market cap of $5.5 billion, making it the 17th largest cryptocurrency. In terms of price, it has been trading around $0.00001 for the past 19 or so months, or since June 2022. It is currently trading around 90% below ATH, which was achieved in October 2021. 

Bullish Long-Term Price Prediction for Shiba Inu

FXStreet used a variety of technical indicators to predict that the price of SHIB could appreciate as much as 10% in the coming months. It points out a small slide in price towards the end of 2023 and the beginning of 2024 that could leave SHIB primed for a price reversal. In particular, it mentioned that the Relative Strength Index (RSI) and the Awesome Oscillator point towards an optimistic outlook for SHIB.

Bearish Long-Term Price Prediction for Shiba Inu

Forbes quotes Conotoxia analyst Grzegorz Drozdz for a SHIB bear case. Drozdz believes that the meme coin space constantly has new entrants, which could overtake SHIB if it cannot evolve. New tokens like Bonk (BONK) and Pepecoin (PEPE) could potentially take away market share from SHIB and cause its price to go down. 

Changelly’s Bullish Long-Term Price Prediction for Shiba Inu

Changelly has a useful price prediction tool that can be used to predict the future prices of Shiba Inu and many other digital assets. ​​It uses AI and market research to come up with a wide range of forecasts. Changelly suggests that Shiba Inu’s price should increase over the next few years, but not without risk. 

Historical performance does not predict future performance. Prediction tools can be useful, but they are rarely accurate, especially for longer-term predictions. For a more thorough prediction, it is important to consider historical price performance and the macroeconomic backdrop, among other factors.

Shiba Inu Price Prediction Table

Here is a table of price predictions.

YearAverage Price
2025$0.0000129987
2030$0.0000189981
2050$0.00939906

Shiba Inu Price Prediction for 2024

Based on Shiba Inu's past price history, analysts predict that the minimum price of SHIB in 2024 may be about $0.0000119988, with a maximum expected price of around $0.0000149985 and an average trading price of $0.0000129987. This indicates a potential return on investment of over 33% based on the current prices.

Shiba Inu Price Prediction for 2025

Changelly has an optimistic outlook on Shiba Inu in 2025. The minimum SHIB price is predicted to fall to $0.0000179982 in 2025, while its maximum price could be $0.0000219978. Changelly expects it to trade at about $0.0000189981 on average. From current prices, this would be nearly a 100% ROI.

Shiba Inu Price Prediction for 2030

Changelly predicts Shiba Inu will be traded for at least $0.0001329867, with a possible maximum of $0.0001669833. As a result, on average, you could expect the SHIB price to be around $0.0001369863 in 2030, which would yield a return of over 1,300%.

Shiba Inu Price Prediction for 2050

Though 2050 may seem like a long way away, Changelly is still able to offer a prediction for the price of SHIB. However, this prediction should be taken with a grain of salt, as it is over 25 years in the future. 

Changelly sees SHIB trading for a minimum of $0.0089991, a maximum of $0.01019898 and an average price of $0.00939906 in 2050. If it were to reach the maximum price of over 1 cent, it would provide an ROI of over 100,000% and a market cap of over $5 trillion. 

Where to Buy Shiba Inu

SHIB is a popular token, so it is available on a variety of crypto trading platforms. However, Benzinga recommends Coinbase, eToro, Kraken and Webull.

  • securely through Coinbase's website
    securely through Coinbase's website
    Best For:
    Coinbase Learn
    Rating:
    Read Review

    Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

  • securely through eToro's website
    securely through eToro's website
    Best For:
    Demo Accounts
    Rating:
    Read Review

    Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

    Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

  • securely through Kraken's website
    securely through Kraken's website
    Best For:
    Crypto futures traders
    Rating:
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  • securely through Webull Crypto's website
    securely through Webull Crypto's website
    Best For:
    Low Minimums
    Rating:
    Read Review

How Long Will It Take for SHIB to Reach ATHs?

While there is no telling if or when SHIB will reach new ATHs, there are several ways in which it could get there. First, a bull market could send lots of tokens, including SHIB, to new highs. As seen in 2020-2021, where many cryptocurrencies performed very well and reached new highs. A bull market usually takes a while to develop. 

The other way SHIB could reach new highs would be through an idiosyncratic event. For example, if a prominent celebrity posts about SHIB or whales begin loading up on the currency, the price could appreciate to new highs. An event like this, if large enough, could send SHIB to new heights very quickly. 

Where to Store Shiba Inu Safely

Wallets differ from exchanges in that they function as a decentralized place to store crypto instead of trading it. You can choose from multiple forms of virtual wallets. While having a wallet is not a necessity to purchase SHIB, it can increase the security of your assets.

Best Hardware Wallet: Ledger

Ledger is a hardware wallet that is easy to use and supports the sending and receiving of many currencies. Once you have purchased a Ledger hardware wallet, you download its software onto your computer and create an account. You’ll be assigned a wallet address (typically a long string of letters and numbers), and then you can send and receive crypto through the wallet. Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money while software wallets are typically free.

Best Software Wallet: ZenGo 

ZenGo is a wallet that allows you to store, send and buy cryptocurrencies. When you open a ZenGo account, you will be assigned an Ethereum wallet address, and you can add other tokens via the wallet’s interface. The platform is secure, using two-factor authentication to prevent hacks.

ZenGo is a free software wallet that supports hundreds of tokens. It also supports ACH and credit transfers, something other software wallets do not currently offer.

Current Crypto Prices

Despite a small decline in price following the approval of spot ETFs, Bitcoin has rebounded strongly and surpassed its previous 52-week high set in early 2024. With several other potential catalysts coming up in the near future, many are eagerly awaiting to see where the price of Bitcoin and other tokens will go in the coming months.

Is SHIB Worth Buying?

On the surface, SHIB does not have much value outside of facilitating payments. However, a strong community has propelled the token to new heights over the past several years. If you are willing to stomach the risks associated with such a project, SHIB could potentially be a profitable investment. However, it is important to understand your risk tolerance and financial goals before investing. 

Frequently Asked Questions

Q

What will Shiba Inu be worth in 2040?

A

In 2040, Changelly predicts that the average price of SHIB will be $0.00659934.

Q

Is SHIB a good investment?

A

SHIB is inherently risky and extremely volatile. However, if you can time it correctly, the volatility could translate into profits.

Q

Will Shiba Inu coin reach 25 cents?

A

Likely not. At that price, the market cap would be nearly $150 trillion, nearly seven times the size of the New York Stock Exchange (NYSE).

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