Shiba Inu Price Prediction
(SHIBUSD)$0.0000173$0.0000169 (4.14%)Market Stats and Forecasts
Shiba Inu Description
Shiba Inu (SHIB) launched in August 2020 as a meme cryptocurrency. This coin is created in the name of the Shiba Inu dog. This coin gained popularity quickly because of the association of Dogecoin and social media hype. The Shiba Inu token was created by an anonymous group or person named Ryoshi. Initially, this token had a minimal supply. Still, later, a large portion of this token was transferred to Ethereum co-founder Vitalik Buterin’s wallet, which had a massive impact on the overall supply and price of SHIB.
The SHIB community is robust and known as the SHIB Army, which is actively working on promoting the token. SHIB is never intended to threaten a store of value like Bitcoin. This token's utility is evolving daily, and now it's working as a safe medium for cryptocurrency exchanges that handle peer-to-peer transactions. Shiba Inu is associated with the Ethereum blockchain, which has ultimate security and advanced functionality. Currently, the development of SHIB is working on a decentralized exchange called ShibaSwap, which will enable staking and other DeFI applications. The price of SHIB is volatile because of the media hype of celebrity endorsements.
The overall supply of this coin creates trading price challenges. As an investor, you must consider the risk factor associated with the volatile nature of the crypto market and as an associate risk factor. The future of this coin depends on the development and real-world use cases and the association of an integrated financial system. For long-term success, the SHIB ecosystem should be more advanced, and the proper management of ShibSwap can easily handle DeFi projects. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Shiba Inu, Our analysis, guided by the machine learning experts, yields forecasts for Shiba Inu price trajectory up to 2024. With a comprehensive understanding of Shiba Inu historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.58%.
For the year 2024, our analysis indicates a projected yearly low of $0.0000154, with the high anticipated to reach $0.0000252. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 0.0000177 | 0.0000183 | 0.0000188 | 2.18 |
| 2024-07-02 | 0.0000174 | 0.0000181 | 0.0000188 | 1.05 |
| 2024-07-03 | 0.0000181 | 0.0000185 | 0.0000188 | 3.27 |
| 2024-07-04 | 0.0000179 | 0.0000183 | 0.0000187 | 3.27 |
| 2024-07-05 | 0.0000177 | 0.0000181 | 0.0000187 | 3.27 |
| 2024-07-06 | 0.0000181 | 0.0000187 | 0.0000195 | 5.55 |
| 2024-07-07 | 0.0000179 | 0.0000185 | 0.0000191 | 4.39 |
| 2024-07-08 | 0.0000183 | 0.0000185 | 0.0000189 | 4.39 |
| 2024-07-09 | 0.0000177 | 0.0000183 | 0.000019 | 3.24 |
| 2024-07-10 | 0.0000175 | 0.0000183 | 0.000019 | 2.10 |
| 2024-07-11 | 0.0000177 | 0.0000179 | 0.0000182 | 0.98 |
| 2024-07-12 | 0.0000173 | 0.0000179 | 0.0000186 | -0.13 |
| 2024-07-13 | 0.0000175 | 0.0000179 | 0.0000182 | -0.13 |
| 2024-07-14 | 0.0000175 | 0.0000177 | 0.000018 | -0.13 |
| 2024-07-15 | 0.0000177 | 0.0000181 | 0.0000186 | 0.97 |
| 2024-07-16 | 0.0000177 | 0.0000183 | 0.000019 | 2.08 |
| 2024-07-17 | 0.0000175 | 0.0000179 | 0.0000182 | 0.95 |
| 2024-07-18 | 0.0000175 | 0.0000179 | 0.0000184 | 0.95 |
| 2024-07-19 | 0.0000171 | 0.0000177 | 0.0000182 | -0.16 |
| 2024-07-20 | 0.0000175 | 0.0000179 | 0.0000182 | -0.16 |
| 2024-07-21 | 0.0000177 | 0.0000179 | 0.0000182 | 0.94 |
| 2024-07-22 | 0.0000175 | 0.0000179 | 0.0000184 | 0.94 |
| 2024-07-23 | 0.0000175 | 0.0000179 | 0.0000184 | 2.05 |
| 2024-07-24 | 0.0000179 | 0.0000181 | 0.0000184 | 2.05 |
| 2024-07-25 | 0.0000173 | 0.0000181 | 0.0000188 | 0.93 |
Shiba Inu Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Shiba Inu is forecasted to achieve its peak value in 2025 at approximately $0.0000414, while potentially dipping to a low of $0.0000208. The average trading value during this period is projected to hover around $0.0000369.Shiba Inu Price Prediction 2026
In 2026, Shiba Inu is anticipated to potentially reach its peak value of $0.0000632, with a possible lower value of $0.0000309. The average trading value for this period is estimated to be approximately $0.0000577.Shiba Inu Price Prediction 2027
As we look ahead to 2027, the trajectory of the Shiba Inu coin may offer investors unexpected turns. Projections suggest peaks hitting $0.0000917 and lows stabilizing around $0.0000496, with an average trading value resting near $0.0000829.Shiba Inu Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Shiba Inu coin. Projections point towards a maximum value of $0.000137, a minimum of $0.000073, and an average value of approximately $0.000119.Shiba Inu Price Prediction 2029
Our market analysis indicates optimistic prospects for the Shiba Inu crypto in 2029, with projected peaks at $0.00021 and floors at $0.000107. Moreover, the average trading value of this coin is anticipated to hover around $0.000185.Shiba Inu Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Shiba Inu token. Projections indicate highs near $0.000342, potential lows around $0.000164, with an average value of about $0.000301.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0000175 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.4802, indicating a Fall market stance. Overall, while the long-term forecast is Neutral.
About shib
Shiba Inu Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Neutral
The Shiba Inu is predicted to surge by 9.76% to $0.0000183 by Jul 09, 2024, though current indicators show a Neutral sentiment with 11 out of 30(37%) green days and a notable -31.04% price volatility over the past month.