Can Shiba Inu reach $1? After the sudden success of Dogecoin (DOGE), what’s next for the so-called ‘Dogecoin Killer’? Is SHIBA INU a good investment? Find out the top SHIB Price prediction forecast for 2021 and beyond and discover how much Shiba could be worth.
Shiba Inu coin, also known as SHIB is undoubtly one of the most popular crypto coins today. There are many SHIB holders who have a curiosity to know that when Shiba Inu coin will hit $1 cap or perform like BTC or Doge. SHIB is likely to reach $1, according to analysts, but that could take some time as it’s unlikely to happen overnight.
Now among the top 30 or so cryptocurrencies in the world, SHIB is staying power is a testament to the might of memes, the contagious nature of investor groupthink, and the cuteness of fluffy dogs. SHIB has shown extensive growth in the market since it’s inception.
At the time of writing, SHIBA INU has a very low price of $$0.000006472 and a market capitalization rate of $2,570,852,068. This makes it the world’s 36th largest crypto coin. Although it might not compare to Dogecoin’s coveted sixth spot, it’s still an incredible achievement for the altcoin.
SHIB traded at an all-time high of $0.0000388 on May 10 but dropped back to a low of $0.00000642 on May 19. The price moved up to $0.00001195 on May 24, before plummeting back down to $0.00000732 just five days later. SHIB hiked higher up toward the end of May at $0.00000928, with the price as of the time of writing on June 18 standing at $0.000007281.
As per the current predictions given the state of SHIB at the moment, the coin could reach a value of $0.000019 in 2022 and later hit $0.000061 in 2025. That would mean a near 620 percent increase from where the coin is at now.
Where will be Shiba Inu in 2025?
Shiba Inu coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there’s still plenty of time to grow.
As per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025.
That would be a near 620% increase from where the Shib coin is at now, which might sound like a good opportunity to invest.
Will Shiba Inu reach $1?
Market Realist laid out the plan for how Shib coin could reach the $1 benchmark, which has been a goal for Dogecoin supporters.
Shiba Inu coin would need to climb 12,000,000% to hit $1. Since January, the coin has jumped about 2,000,000% every month. So, it could — in theory — hit $1 by the end of 2021 if it keeps up that growth, according to Market Realist.
“If Shiba maintains that level of growth, it could reach $1 in 2021. However, if it grows at the rate of 20% per month, it would require five years to hit $1 the milestone, which points to 2025 at the earliest,” Market Realist reports.
Where to buy Shiba Inu Coin?
There are many platforms that are offering Shiba Inu Coin for trading on their exchanges. You can get SHIB easily on Binance, WazirX, Coinbase, CoinDCX, BuyUCoin, and Bitbns. You can create your account on these platforms, after adding an account and verification you can easily buy and sell SHIB tokens.