In this educational guide, we’re going to explore the altcoin named Shiba Inu (SHIB). We’ll cover its fundamentals and planned roadmap, so you can use it to make your own price prediction. 

What is Shiba Inu and how does it work?

Shiba Inu started off as a meme coin but has turned into a blockchain project that is actively developing innovative products such as a metaverse and more.

Shiba Inu, or SHIB, was initially branded as a “dogecoin killer” and is listed on the protocol’s own ShibaSwap, a decentralized exchange (DEX). The Shiba Inu coin itself was created anonymously under the pseudonym “Ryoshi.” While the official creator is unknown in his official identity, he does give input into the Shiba Inu brand for development and more. He has publicly stated that the intention behind creating Shiba Inu was to trial an experiment of a decentralized community. 

What brought attention to this meme coin was the incessant hype of 2020 surrounding dogecoin, and investors who may have missed the dogecoin bullish price action were seeking another chance to gain riches. Secondly, investors were enchanted by the cute charm of the Shiba Inu mascot, a shiba inu dog. Vitalik Buterin and Elon Musk even tweeted about the meme coin. 

The rise of Shiba Inu brought on a rise of other dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), and many others that all have a dog as the central mascot in the coin name. 

Shiba Inu made history in September 2021 when Coinbase listed the coin on their exchange for spot trading. The meme token then saw new all-time highs, and gained the spotlight within days to flip dogecoin to become the highest valued meme cryptocurrency of that time. To this day, even major retail exchanges such as Robinhood and Bitstamp have added the Shiba Inu coin for trading. 

Some features that make Shiba Inu unique are an activist community that includes top names in the crypto space participating, such as Vitalik Buterin, who famously burned 90% of his share of Shiba Inu and sent the remainder to charity. This incident, according to creator Ryoshi, made the Shiba community stronger for its long term goal of Shiba Inu-stablecoin becoming a globalized exchange of value.

Since the community has made such calls for added utility to Shiba Inu, there has been an ecosystem of applications and more built that has now given the coin more real value than previously. 

This ecosystem includes the DEX called ShibaSwap, which is a fork of SushiSwap. Shiba also has plans to develop its own algorithmic stablecoin referred to as SHI, which will have its value pegged to one cent instead of 1 USD, and have backing. Its most ambitious ecosystem development is its layer-two scaling solution called Shibarium and metaverse. 

There also exists a Shiba Inu incubator which works on art forms relating to the project, and Shiboshis, which are 10,000 Shiba Inu NFTs on the Ethereum blockchain. There are further plans for a more comprehensive financial ecosystem and infrastructure including a bridge from Ethereum, forks of other top Ethereum DeFi protocols, and more. 

Shiba Inu’s SHIB Token & Other Ecosystem Tokens

The SHIB token itself is a token that runs on the Ethereum network as an ERC-20 token. This means that instead of being a native token with its own blockchain at the moment (though there exist plans for such a makeover), it is currently created on and hosted by the Ethereum public blockchain. 

The creator has said since Ethereum was already secure and well-established, this allowed the token to stay decentralized. The Shiba Inu ecosystem as a whole consists of two other tokens besides the SHIB token.

The SHIB token is the main currency of the project. Another token that is a part of the SHIB ecosystem includes LEASH—this has a low total supply of 107,646 tokens. The last token that is a part of the ecosystem is called the BONE token, with 250M tokens in its supply. BONE is designed to be a governance token that allows the decentralized community, collectively known as the SHIBArmy to vote on governance proposals to update the protocol.

Token Distribution

SHIB has a total supply of 1 quadrillion, 50% of which was locked in Uniswap for liquidity. The other 50% was sent to Vitalik Buterin who donated and burned his entire stack of SHIB tokens. Burning in this context refers to moving the affected tokens to a dead wallet where they are effectively removed from circulation on the open market. 

Shiba Inu has recently implemented increasing token burns, which would affect the supply of SHIB on the open market. The current day circulating supply of SHIB, as of April 2022, is 549,063.28B SHIB.

Shiba Inu (SHIB) Price History & Technical Analysis

As of the time of writing, in April 2022, the price of SHIB is at $0.00002522, with a market capitalization of $13.85 billion USD. As a popular dog-based memecoin cryptocurrency, its main competitor Dogecoin currently has a market capitalization of $19.4 billion USD.

The total value of the SHIB token and its ecosystem tokens LEASH and BONE will in turn grow as the user adoption of the Shiba Inu token and its developing ecosystem such as ShibaSwap and its metaverse continues to grow by both developers and users as per Metcalfe’s Law. 

Metcalfe’s Law states that the value of a network is directly related to the number of users of that network. With more utility coming to Shiba Inu, it can overtake the market capitalization of its main dog competitor.

Hence, if Shiba Inu continues to innovate with its technological advantages and maintains strong decentralized governance as it has proven to in its current experiment, the SHIB token will continue to do well, especially as there is more demand for the token on the open market. 

What Expert Analysts say about Shiba Inu:

  • Wallet Investor says, “Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-04-17 is 0.000152 US Dollars. With a 5-year investment, the revenue is expected to be around +500.79%. Your current $100 investment may be up to $600.79 in 2027.”
  • Coinpedia says, “If the visionary developments of the makers fall in place, and if Shiberse emerges as an eminent player in the metaverse. Which is expected to boom over the years, SHIB price could land at $0.0001892. That said if the community drives the price with usual buying and selling pressures. SHIB could trade at an average price of $0.0000861.
    On the downside, if the investors fail to keep up with the liquidity of the digital asset on exchanges. FUD and negative sentiments might knock down the price to $0.0000497.”
  • Changelly gives a bullish SHIB token price prediction for the coming years: “According to a Shiba Inu price prediction by Coin Price Forecast, the token’s price might be $0.00011248 (+322% from the current price), while Trading Education believes that SHIB will reach $0.0018 by December 2027.”

Shiba Inu Partnerships

Shiba Inu has forged a few partnerships with top exchanges and projects. Besides being listed on Tier-1 exchanges such as Coinbase and Binance, Shiba Inu has also caught the eye of prominent celebrities and influencers such as Vitalik Buterin and Elon Musk, who have made comments in support of the dog token. 

There have also been cases of many retailers accepting Shiba Inu as payment, most notably these retailers include electronics retailer Newegg, thanks to payments platform BitPay allowing payments in SHIB. This move also brought SHIB to 500 other merchants.

Italian designer John Richmond has also recently partnered with Shiba Inu to display the token on a high-fashion clothing collection at a show in Milan, Italy. Partnerships have also been forged with some NFT projects such as Welly’s, a project that partners with restaurants for food rewards for holders.

Shiba Inu Price Prediction: 2022-2026

The SHIB token saw its first debut on the open market in May of 2021 during the bearish time period in the crypto markets. The price collapsed and stayed down for months, and this was the time when investors were accumulating for the eventual rise. Many things happened behind the scenes during this time, and astute crypto market observers were able to take advantage of open-access blockchain data to see accumulation happening.

Fast forward to October of that year, the Coinbase listing a few weeks prior lit a fuse under Shiba Inu, and the token surged more than 900% to hit its peak price in late October 2021. Since then, the price collapsed but is still trading higher than its accumulation zone price before it exploded in October. 

The price of SHIB currently is forming a tightening wedge structure as can be seen on the weekly chart above. It seems to have formed some sort of support area around $0.00002000, so if this area is not lost, it is possible that Shib retraces its price back up to the $0.00004000-$0.00006000 area, especially given the upcoming releases of its metaverse and layer-2 scaling solution.

As of the time of writing, the price of SHIB remains in this area between $0.00002000-$0.00003000. If this area’s low is lost, we expect the SHIB price to potentially revisit the $0.00001000 area.

It’s uncertain to say when investors can expect the previous all-time-high to be breached again, and fundamental factors will also have a play in this, since the SHIB price is especially sensitive to comments from figures like Elon Musk and Vitalik Buterin, given that it is a meme token. However, there is a greater push for more utility from SHIB, so if more investors and serious holders come onboard, this dynamic can change.

It is also possible that a greater economic contraction will occur that leads to overall losses in the cryptocurrency markets. If a contraction occurs and the SHIB price loses the $0.00001500 area, we expect it to take even longer for a new high to be reached. 

Shiba Inu Price Prediction 2022

Some analysts predict that SHIB will see beyond its previous all-time high during 2022 itself, since the price action is currently holding up okay in this support zone and the protocol continues to innovate with features with Shibarium and more.

We are not sure if this is a reasonable bet so soon and think the token has more to prove first, however, if bullish price support for SHIB remains despite the overall lull in the crypto markets, SHIB can see higher prices. But to do so, it will first have to take out the last high on the weekly chart above at the $0.00003500.

Shiba Inu Price Prediction 2023

If the overall crypto markets see a resurgence of the meme token hype and especially of the dog token theme, this would likely bring renewed bullish price action for SHIB. If SHIB’s Shibarium and layer-2 scaling solution are a glaring success, we an expect the SHIB price to see upwards of $0.00005000 by 2023.  

Shiba Inu Price Prediction 2024

The overall growth of the cryptocurrency markets will contribute to SHIB’s growth, especially coming from the market demographic of millennials and younger, since they are more likely to invest in SHIB. 

It should be noted that SHIB’s innovation in Layer-2 would be competing with the growth of Layer-2 scaling solutions as well as scaling technology from the upgrade of Ethereum 2.0, so it is uncertain to say how successful SHIB would be as a native blockchain with its own Layer-2 scaling.

The market capitalization remains at $14 billion in April 2022, and a reasonable 3-5x to reach $42-70 billion in market cap by 2024 would put the SHIB price at $0.00007704-$0.0001284 price range or higher by 2024. This would mean a brand new all-time high for SHIB, however such a valuation does seem high for a meme dog token. SHIB would need to have launched some real-value projects by then for this to work.

It seems unlikely but is not unreasonable to see SHIB hit these prices or higher by 2024 with continued innovation and development of the ecosystem and any technological improvements that continue to come. Of course, this is also provided the overall crypto market remains bullish and we can avoid an economic downturn and bear market overall. In this scenario, it is even possible that SHIB becomes a true “Dogecoin alternative.”

Shiba Inu Price Prediction 2025

2025 is still far away at the time of this writing and longer term blockchain and Layer-2 scaling solution trends are impossible to predict, much less the meme coin trends. However, the growth of user adoption of blockchain overall, of crypto, and with this, the amount of people seeking wealth from new coins that seem promising will only continue to increase. 

We predict we will see SHIB at $0.00006000 or above by 2025, but it’s entirely possible, that SHIB could become relatively irrelevant as well. 

Shiba Inu Price Prediction 2026

The crypto market overall could be worth $10T or even as high as $15T in total market capitalization by 2026. Depending on regulations and the overall economic cycles of the economy, we may see SHIB as high as $0.00006000-$0.0001000 by 2026, provided development and innovation of Shiba Inu continues.

None of these predictions are financial advice, and are educated guesses as to where SHIB’s price may be at each time interval. It should be noted that any black swan events such as a catastrophic failure of something in the Shiba ecosystem, a major hack, a cease in development, or other black swan events could impact these predictions significantly. 

Shiba Inu  (SHIB): Conclusion Price Prediction

Shiba Inu has made a name for itself as the leading “Dogecoin killer.” It has made notable efforts to expand its usable ecosystem, which is why there is renewed interest in the token and its ecosystem of other tokens at this time (such as LEASH and BONE). 

Shiba Inu also enjoys attention from figures such as Elon Musk and Vitalik Buterin, which makes judging the price prediction slightly more difficult, but there are positive signs of coming innovation and development, with features like a Metaverse, fashion industry partnerships, and more. 

These innovations have the potential to shift Shiba Inu from a largely speculative token to one that has a real-world use case and sees onboarding from millions of crypto users who had previously thought it was only a useless meme token. Plus, Shib Inu is governed in a decentralized manner and has been successful thus far, with its community called the SHIBArmy remaining strong. 

SHIB continues to hold price support near the $0.00002000 area which looks bullish as long as price does not lose this area, though its current all-time highs are still far off. 

Of course, the long term outlook of any cryptocurrency is hard to say for certain, however provided that SHIB sees continued development and user growth, as well as developer growth and even a growing dApp ecosystem, it is likely to remain an okay choice of investment for the foreseeable future, especially as far as dog or meme tokens are concerned.  

Some may be hesitant to commit their money into an asset for an extended period of time due to the extreme volatility and risk of the cryptocurrency markets. Plus, it is impossible to say for certain which blockchain will win the scaling wars longer term, or if they all have a place in different sectors of the market. Shiba Inu investors especially should keep tuned to any market news and news from major figures stated previously about their changing opinions of Shiba, and any about upcoming technological developments and catalysts. 



How is Shiba Inu  gaining traction?

The SHIB token is gaining traction thanks to being touted as a “dogecoin killer” and seeing support from the likes of Vitalik Buterin and Elon Musk. The coin took off in October of 2021 after Coinbase listed it and from there, many other exchanges and even merchants became involved with Shiba Inu. 

Many came to Shiba Inu to seek an alternative dog meme coin investment to be a part of, after feeling like they had missed out on Dogecoin. Now that this memecoin and dog token hype has somewhat died, people are paying attention to the innovation Shiba Inu is doing such as its own layer-2 scaling solution, shift to its own native blockchain, and its own metaverse, amongst other ideas.

Where can I Buy Shiba Inu  (SHIB)?

SHIB can be purchased and traded on many exchanges including Coinbase, Binance,, FTX, KuCoin, Kraken, Bybit, and others. This means that both US and international investors can invest in SHIB.

In comparison to other cryptocurrencies, how can Shiba Inu  secure privacy?

As far as privacy goes, SHIB is a public blockchain so privacy should not be overly expected. All transactions are recorded in the Ethereum ledger of transactions given that Shiba Inu is currently an Etherum-based token. Privacy is not guaranteed, especially in comparison to other cryptocurrencies or blockchains that are especially known for securing privacy, such as Monero. 

Is it possible to stake Shiba Inu (SHIB) tokens?

SHIB tokens can be “staked” in the ShibaSwap DEX of the ecosystem. This is a decentralized exchange that maintains liquidity pools for trading. This means that holders of SHIB can deposit their tokens at the exchange and receive fees from trading activity. The terminology the DEX uses for this action is “Bury.”

Why is Shiba Inu on the rise?

SHIB has been on the rise thanks to the dogecoin hype of 2020-2021 and many investors having felt like they missed out. Now, Shiba is developing more real-world usability, with payment integrations with some merchants, listings on Tier-1 exchanges, and its own metaverse and layer-2 scaling solution, among other actions.

Thanks to the growth of the overall dog and meme token hype, Shiba Inu did very well in October of 2021, but it remains to be seen if it can sustain itself solely from this same hype cycle again, or if a new narrative will drive the SHIB price upwards now. 

Is Shiba Inu  completely anonymous?

No, Shiba Inu is not fully anonymous to use, since it is hosted on a public blockchain. It is, however, pseudonymous, but depending from where users obtain their ETH and SHIB tokens, blockchain forensics can track the user’s identity. ETH is used to pay gas fees on the Ethereum network when interacting with the Shiba ecosystem at this moment.

Is Shiba Inu  considered a currency?

Yes, the SHIB token can be considered a currency that can be used at some retailers that accept it. It is also considered a currency within the Shiba Inu ecosystem itself. It can be bought or sold for fiat or other cryptocurrencies and its value may fluctuate. 

Is it possible to generate profits with Shiba Inu?

Yes, assuming the SHIB tokens increases in price over time with the continued development of the Shiba Inu ecosystem and products suite, and given its partnerships and initiatives continue to expand, plus as more users and developers are onboarded onto the network, the SHIB token should do well in turn. However, exact predictions and the extent of the rise is impossible to predict, as a huge rise may require SHIB seeing above $100 billion in market capitalization, which is hard to imagine for solely a meme and dog token. If there is real utility added however, this changes.

All investors must do their own research, due diligence, and ensure that they are comfortable with the amount of risk they are taking. All cryptocurrencies are extremely volatile and risky. Always proceed with caution.

Why do people believe in Shiba Inu?

Many analysts and investors believe that Shiba Inu is a strong contender for an alternative dog and meme token now that attention has shifted largely away from Dogecoin. Some people also believe that the Shiba Inu team will be successful in bringing true utility to the Shiba ecosystem with the coming metaverse, layer-2 scaling solution, and more. 

Is Shiba Inu supply limited?

Yes, the SHIB token supply was capped at genesis at 1 quadrillion SHIB. It is unclear at this time what, if any, the real inflation rate is, and this may also be subject to governance decisions from the community. 

How does the Shiba Inu team investigate suspicious or fraudulent transactions?

It is not clear how the decentralized Shiba Inu developer team investigates suspicious transactions at this time, and since Shiba Inu is currently hosted on the Ethereum blockchain, it is likely that nothing is investigated by any centralized agency. 

However, fraudulent or suspicious activity can be noted either on Etherscan in the Shiba Inu smart contract, since all activity is performed on a public ledger. Blockchain forensics agencies such as Chainanalysis can use methods to surveil public blockchains such as Ethereum and others.



This is not financial advice, only observations and speculation. All investors should do their own research and due diligence. The crypto markets are extremely volatile and losing your investment is possible.

About the author 

Whiteboard Crypto Team

We are a team of blockchain enthusiasts dedicated to creating high-quality resources for anyone wanting to learn about the space. In fact, what inspired us was our grandparents - they didn't understand crypto. We aim so create all our content so that even they can understand it!

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