Hey there👋 ShibaArmy & all you die-hard Shibarians!
We get it – nothing races your heart like witnessing your beloved meme coin, SHIB, skyrocketing. And guess what? The secret sauce that can make it happen has finally launched.
The much-anticipated Shibarium layer-2 solution for Shiba has launched, shaking up the entire Shiba community. Hold onto your hats, folks, because this launch has sprinkled some interesting stardust on SHIB’s price trajectory.
Considering this, we have created this price prediction blog covering all the possible price movements for SHIB and other nitty-gritty information.
So, without further ado, let's unravel the threads of possibility that this launch has woven into SHIB's future.
But first things first.
Let’s quickly learn about Shiba Inu (SHIB) and Shibarium.
What is Shiba Inu (SHIB)?
Shiba Inu is a cryptocurrency project, with its name inspired by a Japanese dog breed. It was created by an anonymous individual or group called Ryoshi in 2020 as a Dogecoin killer.
The primary token of this project is SHIB, with Shiba Inu dog as its mascot. SHIB is an ERC-20 token with some basic utilities in the Shiba Inu DEX platform called ShibaSwap. Owners of SHIB tokens can trade and swap them on ShibaSwap by staking them in pools to earn rewards. The platform plans to increase its utilities through its upcoming projects. The total supply of SHIB was 1 quadrillion (1+15 zeros) at its launch. The founders of Shiba Inu sent half of this supply to Uniswap. They gave the remaining 50% to Ethereum co-founder Vitalik Buterin, who sent his share of tokens to a burning wallet and donations.
Since its inception, SHIB has been gaining immense recognition from forums, institutions, and businesses worldwide. Many institutions have also started accepting it as a form of payment.
Along with SHIB, the Shiba Inu ecosystem has other tokens like LEASH and BONE with emerging utilities and popularity.
The Shiba Inu community is set to increase the use cases and demand for all three tokens. It aims to do so through Shibarium (a layered blockchain solution), Shibatoshis (Shiba NFTs), Metaverse, and digital collectables.
What is Shibarium?
Shibarium is a layer-2 blockchain solution for Shiba that aims to lower the time and cost of transaction processing in the Shiba Inu projects. It plans to do so by taking up a load of most Shiba-related token transactions from the Ethereum blockchain. Notably, as a layer solution, Shibarium will use the underlying security of Ethereum but will process the transactions by itself. All the transactions that will occur on Shibarium will be updated back on the Ethereum blockchain.
Since the Shiba Inu-related transactions will occur on its native Shibarium blockchain instead of the already burdened Ethereum blockchain, it will reduce the time and cost involved in processing transactions. In addition to this, Shibarium will also pave the way for chain-specific NFTs, Metaverse, and other digital assets.
Shibarium will also introduce a new burning mechanism where a burn portal will reduce the supply of SHIB tokens. The burn portal will charge a nominal gas fee for all Shibarium transactions. The users will need to pay that gas fee by burning their SHIB tokens and reducing their supply from circulation. Combining the Shibarium with the burn portal will reduce the supply of SHIB tokens, boosting its demand and price.
To know what Shibarium is and how it works, click here.
Is Shibarium Launch Successful?
After postponing the launch of Shibarium multiple times, Shiba Inu finally launched the Shibarium Mainnet on August 16, 2023.
The launch occurred at the Blockchain Futurist Conference in Canada, where the core developer of SHIB, who goes by the pseudonym Shytoshi Kusama, led it. During the testnet stage of Shibarium, it saw over 21 million wallets created by the active Shiba Army.
Following the launch of this layer-2 solution, the token’s on-chain data recorded a transfer of billions of SHIB withdrawals from exchanges.
It is important to note here that while the Shibarium launch took place in August, the burn portal of Shiba launched on April 23, 2022. The burn portal rewards the Shiba users who burn their SHIB coins with another token. It incentivizes those who burn their SHIB tokens in the form of ‘burnSHIB’ tokens. The users can stake these tokens to generate RYOSHI VISION tokens, an ERC-20 token named after Shiba’s anonymous developer, Ryoshi. The 0.49% of all RYOSHI transactions will also go to those who burn their SHIB tokens.
Scenario Post Shibarium Launch
Despite the prolonged excitement about the Shibarium launch, its release led to a downward trend in the SHIB price. Coinmarket data shows that the SHIB price dropped over 8% in over 24 hours post-Shibarium launch.
Let’s understand why it happened.
Following the launch of Shiba’s layer-2 blockchain solution, Investors used the Shibarium bridge to transfer their assets from the Ethereum network to Shibarium. However, their transfer wasn’t successful, and about $1.7 million worth of ETH tokens got struck on the Shibarium bridge contract. The blockchain data shows that the network stalled for over 5 hours. Many other transactions of digital tokens also stopped processing. Additionally, the Shibarium blockchain stopped adding new records for over seven hours, and its website malfunctioned.
In response to these issues, the lead developer of Shiba Inu, Shytoshsi Kusama, came forward to address the concerns of the Shiba army.
In a blog post, Shythoshi explained clearly that there are no issues with the Shibarium blockchain. He shared that the blockchain encountered high transaction traffic immediately after the launch. The massive flux of funds and transactions on the Shibarium blockchain competed with the activity witnessed in the busiest L2 blockchains of the current time. In numbers, Kusama shared that Shibarium received a deposit of 1000 ETH and 6,00,000 BONE only 15 minutes after the launch of Shibarium. It led to the halt and congestion of the network.
He further stated that the team has been going hammer and tongs to scale the Shibarium blockchain to handle the transaction load. Shytoshi also assured the Shiba army that their funds struck during bridging were safe.
However, the SHIB token has already faced much damage as its price tanked over 17% in one week after the launch of Shibarium. SHIB and other tokens of the Shiba Inu ecosystem also faced the heat. While BONE (Bone ShibaSwap) fell over 23% in the past 7 days, another Shiba token, LEASH (Doge Killer), dropped 28.6% in the same period.
One necessary point to consider here is that the technical fault faced by Shibarium is not the only reason behind the Shiba Inu tokens' shedding value. The sudden fall of Bitcoin and other major cryptocurrencies this week amid the rumours of SpaceX selling its Bitcoin holdings also played a role in the fall of crypto prices.
What’s Next?
After a rough start, Shiba Inu developers announced a relaunch of the Shibarium blockchain. This relaunch can happen anytime by the end of August 2023, as the exact date and time are not released. According to their official announcements on August 20 2023, the blockchain is more optimized and capable. Its core developer, Shytoshi, said that the network is almost ready to reopen to the public after 2 days of testing. To make sure the network does not face any previous issues, the blockchain will use a new monitoring system and some additional fail-safes that will handle heavy traffic.
SHIB Price Prediction Post Shibarium: 2023
Even before the beginning of 2023, the Shiba Army was sure that Shibarium would be a significant catalyst for the monetary growth of Shiba Inu. Since Shibarium will make Shiba Inu fast, affordable, and more scalable, it gives immense price possibilities for SHIB and other native tokens of the Shiba Inu ecosystem.
However, it is only possible if the Shibarium functions smoothly. The flawed bridge and network halt problems associated with Shibarium within one week of its launch have raised many questions. SHIB will only start a lasting upward momentum if the relaunch of Shibarium demonstrates its success.
The simultaneous fall of all three significant tokens of Shiba Inu- SHIB (17%), LEASH (28%), and BONE (23%)- shows the weakened trust of investors in Shiba Inu as a project. It reveals that SHIB may tank further from its current level of $0.000008249 to as low as $0.0000070 in the next few weeks. The FUD generated after the failure of Shibarium in its first trial will be the key reason behind this downtrend.
Suppose we consider a price correction in the upcoming days after a successful relaunch. In that case, the SHIB price will likely touch an average value of $0.0000089 by October 2023. By the end of the year, the token may range from $0.000009 to $0.00001 price-range, given no black swan event takes place till then. If a black swan event comes through or Shibarium fails to deliver its goals, the token may end the year at as low as $0.00000487.
SHIB Price Prediction 2024
As many of you know, 2024 is the year of Bitcoin halving. Historical data shows that the Bitcoin halving drives major bull runs in the crypto space. Thus, Shiba Inu and its native token may thrive well in 2024, both economically and adoption-wise. Moreover, the expanding DeFi ecosystem of Shiba Inu, including its own Shibatoshis NFT collection and metaverse games, will also contribute to its upward momentum.
If these developments get the support of macroeconomic factors, SHIB prices will skyrocket, dropping one zero from their value. One concern regarding the price of SHIB also lies in the rising horizons of its competitor tokens like Dogecoin (DOGE) and RenQ Finance (RENQ). If these projects grow faster than Shiba Inu, they may overshadow its growth. Considering all these factors, our price prediction for SHIB lies somewhere from $0.000016786 to $0.000024826.
Shiba Inu Price Prediction 2025
Given the highly volatile prices of the memecoins, predicting the exact price range for SHIB is nearly impossible. But if we adopt a logical approach, we can estimate a near number. The Shiba ecosystem is committed to expanding its DeFi space and emerging as a potential blockchain project instead of just a meme coin project.
If it succeeds in delivering its promises and planning, its price can surge significantly in the next 2 years. Moreover, most years after Bitcoin halving has turned out bullish; thus, 2025 is likely to turn bullish for SHIB, too. If the Shibarium mainnet gains traction after its relaunch and successfully lowers the ` and time for SHIB transactions, it can hit the $0.00008992 price point. On the other hand, if things go south for Shiba Inu again, its potential low lies at around $0.00004030 for 2025.
Shiba Inu Price Prediction 2030
By 2030, Ethereum will likely complete its remaining upgrades, including the Surge, the Verge, the Purge and the Splurge. Since SHIB is an Ethereum-based ERC-20 token, it can benefit from these upgrades that will improve the overall scalability of the Ethereum ecosystem.
If, by then, Shibarium succeeds in emerging as a prominent layer-2 blockchain project with a wide range of DeFi projects, it can give the SHIB token a meteoric rise by the end of this decade. Moreover, if we consider the bitcoin halving driven bull runs, SHIB will likely hit new ATHs by 2030.
However, we must not forget that Shiba Inu is not the only project of its kind in the market. It can face extreme speculations if it fails to continue its hype and community support due to new meme tokens or existing competitors.
Thus, the upcoming years will be very crucial for the future of Shiba Inu and its investors. SHIB must provide some real-world value to its holders soon to continue touching new horizons. Only if it can get rid of its meme coin image will the token be able to thrive.
Shiba Inu Metaverse and NFT projects will also play an essential role in deciding the place of SHIB tokens in the volatile crypto market. These projects will be the catalyst in driving the adoption of Shiba Inu and its primary tokens. Provided it successfully offers some real-world web3 utilities, the token holds the chance to hit the $0.0001 price point by 2030. The minimum SHIB price prediction for 2030 is $0.000033.
Here is a tabular representation of our SHIB price predictions for 2023, 2024, 2025, and 2030.
| Year | Minimum Price Prediction | Maximum Price Prediction |
| 2023 | $0.00000487 | $0.00001 |
| 2024 | $0.00001678 | $0.0000248 |
| 2025 | $0.00004030 | $0.00008992 |
| 2030 | $0.00008233 | $0.000158 |
FAQ Frenzy
Will Shiba Inu (SHIB) rise to 1 rupee?
Looking at the current market sentiments and growth possibilities of Shiba Inu, it looks like a far-fetched dream for SHIB to hit the 1 rupee mark any time soon. The project will need to successfully execute the relaunch of its highly coveted Shibarium blockchain layer to make significant price pumps.
Will Shiba Inu (SHIB) reach $1?
The likelihood of Shiba Inu (SHIB) reaching $1 in this decade is nearly negligible. Currently trading at a fraction of a cent, a leap to $1 would necessitate an astronomical surge in market demand and trading volume. While the crypto market is known for rapid changes, this particular scenario remains speculative.
Where to buy Shiba Inu (SHIB) in India?
You can buy Shiba Inu (SHIB) in India through Flitpay. It supports instant deposits and withdrawals of over 100 cryptocurrencies in a user-friendly interface. It is the most trusted cryptocurrency exchange in India.
Disclaimer: The content provided in this SHIB price prediction blog is purely for informational purposes and should not be considered financial advice. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Any investment or trading decisions based on the information presented here are at your own risk. It is recommended to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
