Shiba Inu (SHIB) Coin Price Prediction 2025
The Doge Coin spin-off coin “Shiba Inu” coin has surged 11000% this year. Though it was found last year, already 400 trillion coins are in circulation. It filled many pockets this year with decent gains.
What is Shiba Inu coin?
Shiba Inu or “Shiba Token” is a cryptocurrency that has been nicknamed the “Doge Killer”. The cryptocurrency has already dominated the market as a rivalry of Dogecoin, another cryptocurrency. Shiba Inu is a decentralised cryptocurrency developed in August 2020 by a pseudonymous “Ryoshi”.
SHIB is the meme based cryptocurrency that uses the “shiba inu” dog breed as its logo. The cryptocurrency Shiba Inu is Ethereum powered as, dogecoin is also developed on Bitcoin based technology.
What is it worth?
Shiba Inu coin price dropped by 40%, when the Ethereum founder Vitalik Buterin, donated 50 trillion Shiba Inu coins to India, to help the country to fight against Covid-19. After all, the cryptocurrency has given almost 1900% returns in May 2021.
SHIB is the highest growing cryptocurrency in terms of market capitalisation.
Shiba Inu is currently sitting at $0.00000889, and due to its comparatively low price, it is attracting new investors and traders and showing exponential growth. The coin is sold as a SHIB token. SHIB’s daily trade volume has reached $8 billion with market capitalisation is over $11 billion.
The founder of SHIB, Ryoshi wrote in a SHIB “woofpaper” (whitepaper) that they have the ability
to outer space the value of dogecoin.
Future of Shiba Inu Coin.
“Doge supporters” may like it or not, but lately, SHIB and Doge Coin are seen as rivalry now.
Since, “dogefather” Elon Musk is supporting DogeCoin, eventually it will benefit the SHIB. To investors and traders, its future may seem little bit insecure, but it seems that ‘Rayoshi’ had made preparation already.
As mentioned, SHIB is powered by Ethereum, he locked 59% of tokens in the pockets of Vitalik Buterin, and threw away the keys. Remaining 50% were supplied to Uniswap. The future of the Shibu Inu seems quite promising.
Predictions of the Shiba Inu price 2025
As per this writing, the cryptocurrency values at $ 0.00000889. As per the long term investment
and its potential, its predicted price for the end of 2025 is $ 0.000058 with almost 652% returns.
Well, in support of this prediction, I would like to make a few statements. It goes like this,
- As governments are scared of a decentralised system of cryptocurrencies, they will try to regulate it in future. Eventually, the growth of cryptocurrencies will stabilize.
- If the 1st case didn’t happen, then the cryptocurrency is too volatile and it will struggle to cross its current price. So it will be hasty to say that it will cross $1.
Where can I buy Shiba Inu coins?
One can use these platforms to buy/sell the coins.
*You have to connect the supported cryptocurrency ledger to UniSwap.
Is Shiba Inu a good investment?
Shiba Inu is now the 32nd most valuable cryptocurrency by market cap in May 2020. Yes it is a good investment, as its price is comparatively low. The low price and high popularity of SHIB token is attracting new crypto investors, which will result in a healthy SHIB ecosystem. The “Dogecoin Killer” is now listed on various platforms for trading.
Though it can bring fortune overnight, but also can drag you down from riches to rags. So invest wisely.
Also Read: Matic (Polygon) Price Prediction in 2025
*These are not financial advice. Invest only on your risk and what can you afford to lose. Above content is for education purposes.