In the spring of 2021, the crypto-currency market was blown up by meme-coins. Before the advent of the Shiba Inu coin (SHIB), few believed that its success could be repeated. In this article, we will look at how the fiat value of this coin could reasonably develop by 2025.
Meme coins are community-based
2021 was the year of the meme coins boom, and the Shiba Inu coin was one of the most popular ones.
The Shiba fans on Reddit and the "Shibetoshi Nakamoto" Twitter handle have been very vocal about the "Dogecoin Killer." This is one of the main reasons why Shiba's price went up by more than 1,000% in the fall of 2021.
The Shiba Inu community is the reason behind its popularity.
When people started purchasing SHIB, they created a demand that was not met by supply available on exchanges. (Not by actual total supply, alas, but the price still responded.)
This run-up happened in May 2021 when many Dogecoin holders decided to switch to Shiba. Its market cap grew to over $30 billion — more than what Dogecoin had at that time.
Since then, SHIB has been one of the most popular coins as its price shot up to astronomical levels. The price of the Shiba Inu coin is currently around $0.00003.
Here's the February 2022 SHIB data:
|Price ($)||Market Cap ($)||Circulating Supply||24h Trading Volume ($)||ROI From Initial Price|
Previously, the coin has seen highs of over $0.00008 and lows that equal almost zero.
Fundamental Catalysts for Shiba Inu Price Fluctuations
There are a number of catalysts driving price fluctuations, including the following:
Shiba Inu has been listed on large exchanges, such as Binance and Uniswap. This makes it much more accessible to investors around the world. The exchange listings drive up demand for SHIB and push its price higher.
It should also be noted that on some exchanges, SHIB (and some other coins) have a relatively high limit for minimum transaction.
For instance you will notice on Bitforex, you will be able to buy or sell most alt coins with as little as 2 USD worth. The SHIB transaction limit is set to 400k SHIB though.
At the peak of the market in October 2021 that came up to be 32 USD worth of dog money for minimum allowed transaction.
Social Media Community
Shiba Inu has a strong community with millions of followers on social media. This helps to create a positive sentiment around the coin, which drives up the demand and the price.
Elon Musk's tweets about cryptocurrencies have led to enormous price fluctuations in the past.
Shiba Inu is not an exception to this. Last year, Shiba gained nearly 65% in value in a single day after Musk tweeted a picture of his Shiba Inu dog.
Switching to Its Own Blockchain
Shiba Inu was first launched on the Ethereum network. It recently started migrating its data onto its own blockchain by sharding the ShibaSwap data on its blockchain.
This means that Shiba Inu will no longer be running on Ethereum's network. And it will not incur transaction fees to use the ShibaSwap platform. This makes Shiba more attractive as an investment since there will be no associated costs with its usage.
Although, this doesn't change the fact that Shiba is still a token. Its blockchain is not live yet. But this news has been a significant factor in Shiba's price increase.
Just like futures and derivatives in the traditional stock market, there are also ShibaSwap bets on Shiba Inu.
This is where traders bet on the future price of a cryptocurrency. When they think that the price will go up, they buy Shiba contracts. And when they think that the price will go down, they sell Shiba contracts.
This drives up demand and prices in the ShibaSwap market, which cascades over to SHIB's spot price.
Shiba Inu Price Predictions
Most price predictions seem to be bullish. And many experts believe that it will only continue to go up in value.
Shiba Inu Price Forecast 2022
According to cryptonewsz.com, SHIB could be worth as high as $0.0000623 by the end of 2022.
DigitalCoinPrice takes a less bullish approach, predicting that it will only be worth $0.0000424 by the same date.
Shiba Inu Price Forecast 2023
By 2023, Crypto Newsz predicts that Shiba Inu could reach a surprising $0.0000711.
DigitalCoinPrice predicts that it will be worth a more modest $0.0000498 by this time.
Shiba Inu Price Forecast 2024
For 2024, the latest forecast by Crypto Newsz suggests the "Dogecoin Killer" will reach as high as $0.000079. This would be a 250% increase from the 2022 value.
Although not as optimistic, DigitalCoin Price's prediction for the same year is still high — with the Shiba Inu coin reaching $0.0000493 by 2024.
Shiba Inu Price Forecast 2025
Cryptonewz.com brands 2025 as the "benchmark year" for Shiba and predicts a price of $0.0001, while DigitalCoinPrice forecasts that it could be worth $0.0000672 by the end of 2025.
As you can see, the consensus in price predictions is that Shiba reaching $1 is highly unlikely.
Judging from the latest Shiba Inu price prediction 2025 data, the highest ever prediction is $0.0001.
Whichever prediction you choose to believe, one thing is for sure: Meme coins are popular, people love trading them and they look poised to continue getting listed on high-profile exchanges.
It may be a rollercoaster ride but if you’re that type of trader, meme coins might be a good fit for you.