During the 2021 bull run, Shiba Inu emerged as a surprise contender that quickly became one of the fastest-growing cryptocurrencies on the planet, but is it too late to buy Shiba Inu coin right now?
Throughout this guide, we discuss is Shiba Inu still going up, share the thoughts of some industry experts, and provide two alternative cryptos that could yield just even more returns than SHIB. Let’s get started.
Is it too Late to Buy Shiba Inu Coin? Our Opinion Summarized
With Shiba Inu enjoying a meteoric rise in 2021, before dropping back down in 2022, many investors are wondering is Shiba Inu still worth investing in.
It’s important to understand that a huge number of factors can influence the price of an asset, particularly one as new as SHIB. Over the short term, things are likely to be fairly rocky for both SHIB and the wider crypto market. The recent collapse of FTX has sent shockwaves throughout the industry, causing dips that will likely take a while to recover from.
However, with Shiba Inu boasting an incredibly strong community and a wide range of utility, it seems likely that the token will rise from today’s prices, slowly testing key areas of resistance to get a bias for any future moves. As such, it’s not too late to take advantage of the dip to buy Shiba Inu coin.
The Price History of Shiba Inu
Taking a look at the price of Shiba Inu (SHIB) since its launch in 2020 can help investors wondering should I still buy Shiba Inu to make a well-informed decision based on facts, rather than hype.
When SHIB first hit the market, tokens could be purchased for just $0.0000000010, a discount of 934,900% compared to the asset’s valuation today, returns equivalent to SHIB growing in value by around 33,389% every month.
Spurred on by the growth of the wider crypto market, SHIB began a run that captured the attention of investors everywhere. In May 2021, just months after having an average daily volume of less than $1,000, this new cryptocurrency went parabolic, climbing to $0.00003469 and boasting a daily trading volume in the billions.
This huge growth prompted investors to wonder is it still a good time to buy Shiba Inu. However, the asset struggled to find any momentum, retracing and holding steady between roughly $0.000006 and $0.000007 from May to September 2021.
One of the fastest-growing cryptocurrencies on the market, SHIB rocketed in value in late 2021. As Bitcoin shot up by close to 65% and crypto-assets across the board followed, the price of SHIB soared, blowing past its previous all-time high to hit $0.00007924 at its peak.
After climbing by over 1000%, the price of SHIB cooled off, retesting key areas of support. However, concerns from investors regarding post-covid inflation, war, and the possibility of being in a bubble led most financial markets to decline.
Over the next four months, the price of SHIB slowly dropped with many investors wondering is Shiba Inu a good investment? While there were a few brief pumps, the token struggled to gain any upward momentum. First, consolidating at around $0.000025, before declining further, trading between $0.000011 and $0.0000085 from May 2022 to the present day.
Shiba Inu Highs and Lows
Now that we’ve discussed the price history of the Shiba Inu token, it’s time we outline the assets’ key highs and lows since its launch in 2020.
- August 2020 – Shiba Inu was first released and was available to purchase for just $0.0000000010.
- January 2021 – The SHIB trading volume increased substantially, taking SHIB to $0.00000001.
- May 2021 – As investors began to pile into meme coins following the rise of Dogecoin, SHIB exploded climbing to $0.00003469.
- Late May to September 2021 – Shiba Inu couldn’t sustain its new high and retraced, dropping to around $0.0000065.
- November 2021 – As crypto assets began to pump, Shiba Inu jumped up massively setting a new all-time high of $0.00007924.
- January 2022 to Present Day – With mass uncertainty within financial markets, SHIB slowly declined, first hitting $0.000025, before dropping further and trading between $0.000011 and $0.0000085.
Is Shiba Inu Performing well in 2022?
In order to answer the question is it too late to buy Shiba Inu coin, it’s important to take a thorough look at the recent performance of the asset heralded as the best meme coin.
Before we delve into SHIB’s performance, it’s important to understand that the value of the asset would have been impacted by the declining crypto market. As such, just because SHIB struggled to provide investors with returns in 2022, it doesn’t mean that the asset hasn’t performed well.
SHIB slowly dropped in value leading up to 2022, entering the year at roughly $0.00003468. Despite dropping by almost 60% between November and the start of 2022, the asset continued to decline, dropping a further 70% between the first of the year and today.
This year has remained largely uneventful for Shiba Inu. While the asset did experience a boost of around 30% following the launch of its highly anticipated mobile play-to-earn (P2E) game Shiba Eternity, these gains faded quickly as the market responded to the collapse of the FTX exchange.
As it stands today, the outlook of dog crypto Shiba Inu seems mostly neutral. While a strong bullish event could cause the token to pump to roughly between $0.0000139 and $0.00001702, more bearish news, like additional companies having exposure to FTX, could push the asset lower, toward, $0.00000771.
Shiba Inu Price Prediction 2023-2030
To help investors that are wondering is it too late to invest in Shiba Inu, we’ve opted to include a bullet point Shiba Inu price prediction for 2023, 2024, 2025, and 2030.
In order to produce the most accurate price predictions possible, we’ve carefully analyzed a wide range of factors likely to affect the price of SHIB. We’ve considered SHIB token burns, the future of Shiba Eternity, the wider crypto market, the overall utility offered by Shiba Inu as well as a multitude of other factors likely to impact the value of SHIB.
- End of 2023 – It’s likely that Shiba Inu will begin its path to recovery, with investors stocking up on SHIB in hopes of turning a profit when the next bull run begins. As a result, we could see SHIB trade for its previous support of $0.00002283, a 157% premium compared to today’s prices.
- End of 2024 – With time for the market to consolidate, we could see an explosive year for crypto in 2024. Combined with the fact that the total supply of SHIB will decrease significantly over the next 24 months, we could see SHIB climb to around $0.00004920.
- End of 2025 – If the market can sustain its momentum, we’ll likely see SHIB work to reclaim its previous all-time high of $0.00007924, with the asset having the potential to climb even further depending on the sentiment of the market at the time.
- End of 2030 – By the start of the new decade, there will likely be millions more people in the crypto space and considering the project’s track record, Shiba Inu will likely have released a host of new features. As a result, we expect that the SHIB token will climb past its previous high, toward $0.00018272, giving SHIB a $105 billion market cap.
Will Shiba Inu Coin have Utility in the Future?
Perhaps the most important factor for the growth of long-term crypto investments is utility. Without fulfilling a real purpose and boasting actual value, a token can only increase in price from hype. Therefore, it’s important to take a look at the project’s utility to get a bias for deciding is it too late to buy Shiba Inu coin.
Shiba Eternity
Arguably the most important news regarding Shiba Inu as of late is the full roll-out of its new P2E mobile game Shiba Eternity. The project has taken the world by storm and opened up another avenue for Shiba Inu to generate revenue, something that will likely be very beneficial when it comes to its continued development over the coming years.
Shiba Swap
The Shiba Swap decentralized exchange (DEX) has grown to become one of the largest DEX platforms on the market. With Shiba Swap facilitating the trade of almost every asset created using the ERC architecture, the DEX has a huge array of projects likely to appeal to investors. Furthermore, Shiba Swap would synergize well if the project decided to build a launchpad for other crypto projects.
Staking
A trend that has become massively popular among investors is staking, a system that allows crypto investors to earn passive rewards from their holds. Shiba Inu has built a gamified staking platform rewarding users for ‘burying’ their SHIB. This will likely boost the total value locked (TLV) in the Shiba Inu ecosystem significantly, helping it to grow over the long term.
Decentralized Autonomous Organization
To ensure that any updates to the project always have the community’s best interests at heart, Shiba Inu has created a decentralized autonomous organization (DAO), allowing token holders to vote on important decisions affecting the future of the project. For example, changes to staking yields, network updates, and new utility. This should help to foster a strong relationship between Shiba Inu and its supporters.
Transactional Cryptocurrency
Is Shiba Inu still worth buying? Many investors believe the answer is tied to the asset’s success as a transactional cryptocurrency. Thanks to its fast settlement time, minuscule fees, and low cost, SHIB could be perfect for facilitating efficient money transfers. A number of establishments have begun to accept SHIB for payments and if more stores begin to support the asset, the future of SHIB could be very bright.
Is it Too late to Buy Shiba Inu? – Expert Analysis
To answer the question is it too late to buy Shiba Inu coin, it can be a good idea to see what prominent investors in the crypto community say. We’ve summarized how three well-known figures feel about Shiba to make things easier for investors deciding should I still invest in Shiba Inu.
- Alexander Kuptsikevich, a well-known analyst from FxPro has said that he believes SHIB could perform well if it’s able to ride the future waves of the crypto market but also said that the asset is “unlikely to roar as it did in 2021”.
- Coin Price Forecast, a popular outlet for price predictions, had an optimistic outlook on the potential of SHIB, with expectations of a 19% increase to the price of SHIB by the end of 2022, a near 100% increase by the end of 2025, and a substantial 211% rise by 2030.
- CEO of Unocoin Technologies, Sathvik Vishwanath, claimed that SHIB could be a good investment with the potential to by over 100% in the coming years. However, the CEO also said that it would be ‘better to buy a Shiba Inu in moderate quantities’ as SHIB “has not yet found its true value”.
Is it Too Late to Buy Shiba Inu Coin? Wrapped Up
Now that we’ve shared our predictions for the price of SHIB, discussed what prominent analysts think of the token’s potential, and explained how Shiba Inu’s utility could affect its performance in future years, it’s time we wrap up and answer the question is it too late to buy Shiba Inu coin.
There are few assets that have provided growth even comparable with that of Shiba Inu. As a result, a large number of investors have become very interested in the token, something that will no doubt have a large impact on the price of SHIB over the coming years.
As investors enter the market, looking for the next crypto to explode, many will likely target SHIB, speculating that it’s only a matter of time before the asset goes parabolic as it has done before in 2021. However, given how much SHIB rose over such a short space of time, it seems unlikely that the token will have as much room for growth as it did previously.
With that said, it seems likely that the price of SHIB will increase from today’s figures over the long term. With crypto games becoming increasingly popular, Shiba Eternity could offer a nice boost to the asset. While the need for the Shiba Swap DEX will only increase as the market expands. As such, we’ve determined that it is not too late to buy Shiba Inu coin.
Alternative Cryptos to Consider Investing in Alongside Shiba Inu
While Shiba Inu seems to have a bright future ahead of it, we’ve also included a couple of different assets that offer even more potential.
1. Dash 2 Trade – Crypto Intelligence Platform with Buyer Sentiment Analysis
Dash 2 Trade (D2T) is a new project aiming to build a crypto intelligence platform that provides participants of the crypto market with the tools needed to foster success. The project was released as a crypto presale on October 19th with the D2T token already raising over $6 million in investments.
The D2T token uses the ERC standard and boasts zero tax transactions, decisions that will likely help the token get listed on well-known centralized exchanges. On top of being good to trade, D2T is used to pay for subscriptions to the Dash 2 Trade platform and advanced features.
Being a crypto intelligence platform, Dash 2 Trade boasts a wide range of features likely to appeal to investors. On top of a tracker that monitors buyer sentiment and social mentions, Dash 2 Trade offers an automated trading API, a custom scoring system for crypto presales, and a tracker for new exchange listings. Check out the Dash 2 Trade whitepaper to learn more.
Overall, Dash 2 Trade is an interesting project that is packed with potential. D2T tokens are available as part of a multi-stage presale with prices slowly increasing to afford early investors the best value. As such, it’s worth checking out the Dash 2 Trade presale now to secure the best price. Join the Dash 2 Trade Telegram to stay informed with any updates.
Presale Launch Date | October 19, 2022 |
Blockchain | ETH |
Minimum Investment | 1,000 D2T |
Payment Methods | ETH, USDT, Transak |
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
2. RobotEra – Metaverse Platform for Creating a Digital World
RobotEra is one of the newest metaverse crypto projects and it has investors excited. In this new metaverse, users will be able to purchase digital plots of land, build unique structures, and develop robot companions. Many of the assets within the game – including the unique robot companions – take the form of NFTs that can be sold on the platform’s marketplace.
The RobotEra world offers tons of ways for users to explore, create, and interact. The world’s economy depends on the native TARO crypto token, which is used to buy NFTs in the game’s marketplace and to purchase land on one of 7 virtual continents.
RobotEra also has a play-to-earn component that depends on TARO. Players can take part in mining, exploration, creation, and battle, and all of these activities in the RobotEra metaverse are rewarded with TARO tokens. In addition, TARO offers the potential for staking rewards and participation in a future RobotEra DAO.
TARO is available to purchase right now through a 3-stage crypto presale. The sale is offering RobotEra at a discount ahead of a planned ICO, so it offers an opportunity for investors to get in on the ground floor of this project. The price of TARO will increase as each stage sells out, so there’s an advantage for investors who are quick to move on this project.
Presale Launch Date | November 11, 2022 |
Blockchain | ETH |
Minimum Investment | 1,000 TARO |
Payment Methods | ETH, USDT |
RobotEra - Next Big Metaverse Game
- Backed by LBank Labs
- Buy, Trade and Develop NFT Land
- Doxxed Professional Team
- TARO Token on Presale Now - robotera.io
3. IMPT – Sustainable Crypto Reducing Carbon Emissions
IMPT is a recently launched crypto presale that aims to reduce the world’s carbon footprint by turning credits equivalent to offsetting one ton of carbon into NFTs. This concept has attracted a huge number of investors focused on sustainability, with over $12 million worth of IMPT tokens already sold in its presale.
Currently, the carbon credit market is filled with organizations that offer loft claims without anything to back them up. However, to improve transparency in this $270+ billion industry, IMPT will work exclusively with organizations that have been audited by a third party, ensuring legitimacy. More details can be found in the IMPT whitepaper.
IMPT will make it possible to acquire carbon credits in a variety of ways. On top of being available to purchase directly, tokens can be attained for shopping with a huge list of leading brands. Furthermore, a company is able to link its storefront with IMPT to allocate a portion of its sales to environmental projects.
IMPT tokens are available for $0.023 in a three-part presale. However, the price of IMPT will jump to $0.028 during the third stage of the presale. As such, it could be a good idea to check out the IMPT presale today to stock up on tokens before they increase in price or sell out. Join the IMPT Telegram to keep up with any developments.
Presale Launch Date | October 3, 2022 |
Blockchain | ETH |
Minimum Investment | 10 IMPT |
Payment Methods | ETH, USDT, Credit card |
IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
- Listed on LBank, Uniswap
- Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st