Shiba Inu (SHIB) Price Prediction 2023-2030: Will SHIB Price Hit $0.000015 Soon?

Bits Logics Team . 27th Sep 2023

• Bullish Shiba Inu (SHIB) price prediction ranges from $0.0000110 to $0.0000150
• Analysis suggests that the SHIB price might reach above $0.0000140.
• The SHIB bearish market price prediction for 2023 is $0.00000570.

Shiba Inu (SHIB) Price Prediction 2023-2030 Overview

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) Market Overview

Shiba Inu (SHIB) Current Market Status

The maximum supply of Shiba Inu (SHIB) is Unknown, while its circulating supply is 589,346,914,631,298 SHIB, according to CoinMarketCap. At the time of writing, Shiba Inu is trading at $0.000007298 representing 24 hours increase of 0.4%. The trading volume of Shiba Inu in the past 24 hours is $64,859,630 which represents a 5.25 % decrease.

Some top cryptocurrency exchanges for trading Shiba Inu are  Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx.

Now that you know Shiba Inu and its current market status, we shall discuss the price analysis of  Shiba Inu (SHIB) for 2023.

Shiba Inu (SHIB) Technical Analysis 2023

The above chart shows that SHIB either consolidated or moved sideways after the drastic spike that it had during the beginning of 2023. During 2023 it reached a maximum price of  $0.000015 and thereafter kept descending until mid-June. Since mid-June, SHIB tried to recover but was again overtaken by the bears. The Bollinger band Super trend indicator shows the red patches which represent the downfall of SHIB while the green represents the uptrend. 

The Accumulation and Distribution Line (ADL) Price Ratio indicator shows the ADL percentage and the price percentage in one chart. The length of the indicator has been set to 200 days so that it shows how SHIB has been doing during the past 200 days. The Price percentage (Blue) is currently showing a value of 0.1477 while the ADL percentage is 0.2961. 

When considering the last portion of the ADL, we can see that it slides downwards while the price ratio moves sideways. This shows that although the price was constant, traders were selling SHIB. As such, the bear’s power shows a less negative number -0.0244 while the bull’s power shows 0.0635. 

The Bollinger bandwidth percentile indicator shows a value of 1.98%, which says that the bands have fully contracted and that there is a high chance for it to open up in the future.

Shiba Inu (SHIB) Price Prediction 2023

SHIB has been trading inside a falling wedge since February 2023. However, after it broke out from the falling wedge in August, SHIB almost reached 0.0000116 which is almost the height of the wedge during the early stages of formation. As SHIB is currently consolidating, we could expect it to rise. 

Hence, if SHIB starts to gain value it may reach the $0.0000116 level. With more momentum from the bulls, SHIB could reach $0.0000140 after it breaks the above stated resistance level. The chances of  SHIB breaking the $0.0000116 level are high as there is more buying pressure at the rate just below the $0.0000116 for SHIB. 

However, if SHIB continues to fall it may slide down along the 1:1 Gann line and reach the $0.0000065 level. If the bears are persistent SHIB could even tank to $0.0000057. 

Shiba Inu  (SHIB) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, SHIB also could trade at a price, not below $0.0000176 by the end of 2024.

Shiba Inu  (SHIB) Price Prediction 2025

Shiba Inu may harvest the after-effects of the Shiba Inu halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, SHIB will continue to rise in 2025 forming new resistance levels. It is expected that SHIB will trade beyond the $0.0000995 level.

Shiba Inu  (SHIB) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, SHIB could lose momentum and be way below its 2025 price. As such, it could be trading at $0.0000392 by 2026. 

Shiba Inu  (SHIB) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Shiba Inu halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in SHIB’s prices and we could expect Shiba Inu to trade at around $0.0000658 by the end of 2027. 

Shiba Inu  (SHIB) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Shiba Inu halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, SHIB would be trading at $0.000125 after experiencing a considerable surge by the end of 2028. 

Shiba Inu  (SHIB) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, SHIB could be trading at $0.00021 by the end of 2029.

Shiba Inu  (SHIB) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, SHIB could be trading at $0.000190.

Shiba Inu  (SHIB) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating ENJ. Hence, the price of ENJ could be trading at $0.000490. 

Shiba Inu  (SHIB) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such SHIB could reach $0.000787.

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 $0.000014 level. 

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Disclaimer:

The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.