Experts believe that in 2030, SHIB will be traded at an average price of US$0.00030921!

Shiba Inu (SHIB) was one of the best cryptocurrency performers in 2021, rallying by 48,000,000%. Shiba Inu, the self-proclaimed 'Dogecoin killer', is a meme-coin that has a lot of social media hype behind it. SHIB is based on Ethereum, the world's second-largest cryptocurrency after Bitcoin. At first glance, Shiba Inu is nothing more than a meme token built on the Ethereum blockchain.

After the Shiba Inu coin showed an increase in price in 2021, the meme coin fell by more than 60% compared to its all-time high in October last year. Despite this fact, Wallet Investor's experts believe that the coin gives bullish signals for 2022 and may even reach its past ATH. Several large "whales" have recently purchased SHIB coins, taking advantage of the drop in their price. The interest of holders in the coin may indicate an increase in its price in the future.

Shiba Inu Price Movements

Shiba Inu's trajectory is pretty much like that of another cryptocurrency. It launched at a pretty low price, then rallied alongside the rest of the market. Shiba Inu launched when the market was gaining upside momentum, which gave it a boost going into 2021. From its graph, Shiba Inu started with slow momentum. However, given that it entered the market when the cryptocurrency market was in the early stages of a bull market, Shiba Inu started gaining upside momentum towards the end of 2020.

In early 2021 when the bull market kicked in and investor interest in meme coins shot up, Shiba Inu saw a massive increase in investor interest. FOMO kicked in, and by mid-2021, Shiba Inu was one of the best trading cryptocurrencies, up by millions of percentages. However, like the rest of the market, Shiba Inu entered a corrective phase in May 2021. This went on until July when the market gained upside momentum again. Shiba Inu regained upside momentum and by November 2021, was up by 48,000,000% from its 2020 launch price. With the broader market bearish for most of H1 of 2022, Shiba Inu has largely been bearish, too.

2022 Price Predictions of Shiba Inu

As the cryptocurrency market crashed during Q2 of 2022, SHIB's market price also continued to fall. From its April 2022 price of 0.000026, it fell to a little below US$0.000008 by mid-June 2022. Since then, it has slowly risen, trading at 0.00001216 at press time. The market capitalization of SHIB broadly reflected its price throughout the course of its history. During the crypto-run of 2021, its market cap peaked at US$41 billion by the end of October 2021. At no point of time in 2021 was SHIB's market cap below US$16.5 billion.

During the Q2 2022 crash, its market cap fell even below US$4.5 billion in mid-June. Currently, its market cap is a little above US$7.1 billion, making it the 15th largest cryptocurrency.

The End of 2022: Shiba Inu Price Predictions for 2030

The Shiba Inu price is forecasted to reach US$0.00006484 by the end of December 2022. The expected maximum Inu price is US$0.00006708; the minimum price is US$0.00001967 for the year 2022. During the mid-way of the first half, the price will hover around US$0.00003006 to US$0.00003731 and by the end of the second half, it will be close to US$0.00006585.

There is consensus among analysts that while Shiba Inu may be volatile in the short term, its odds of success are quite high long term. Experts believe that in 2030, SHIB will be traded at an average price of US$0.00030921. Its maximum and minimum prices will be US$0.00035649 and US$0.00029857, respectively. The potential ROI for SHIB in 2030 is predicted to be 2,878%.