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(SHIBI recently got into SHIB, a cryptocurrency that has become one
of the world’s most popular. Its low price and easy access makes it
an attractive option for investors looking to make a quick buck
from its fluctuations. I’m no expert, but I’m hoping I can get in
on SHIB’s success and make some money.
I’m often asked about if it’s a good idea to
invest in Shiba Inu long-term. To be honest, the token is generally
considered a meme-coin with little practical use, and it’s mostly
seen as a speculative asset. So it’s not surprising that there
aren’t many predictions about the long-term price of Shiba Inu.
I’m a huge believer in the potential of Shiba
Inu (SHIB) cryptocurrency. The team of developers behind it have
been working hard to change its reputation and prove its worth. As
of April 4th, 2023, SHIB has a market capitalization of $6.37
billion and is the 14th largest cryptocurrency in the world. I’m
convinced that this is only the beginning and that SHIB has a
bright future ahead!
I’m going to take a close look at whether Shiba
Inu is a good fit for my long-term investment strategy. I’ll be
examining its past price performance, origins, founders, recent
news, and analyst predictions for its price in 2030 and beyond.
This should give me a good idea of whether Shiba Inu is worth
considering for my portfolio.
What is Shiba Inu?
Shiba inu was launched in August 2020 and
is based on the Ethereum network. This means that SHIB is a token,
not a coin. The project has evolved into an ecosystem
that incorporates the LEASH
and BONE tokens. Shiba Inu’s
network also boasts a decentralised exchange (DEX) called
ShibaSwap and a non-fungible token (NFT) incubator called the
As a proud Shiba Inu owner, I’ve founded the
Shiba Inu Rescue Association. This non-profit organization is
devoted to providing safe, loving homes to abandoned, neglected,
and mistreated Shiba Inus. We passionately work to rescue,
rehabilitate, and rehome these precious pups who need our help. Our
volunteers are dedicated to helping these dogs have a second chance
in life. We strive to make sure they are given the care and
attention they deserve, and that they find their forever homes.
Together, we can make a difference and give these dogs the life
Founder: The Anonymous Ryoshi
Ryoshi is the founder of Shiba Inu.
Like Bitcoin’s (BTCI,
Satoshi Nakamoto, better known as Ryoshi, have chosen to keep my
identity a secret. It is my desire to remain anonymous, while still
being able to make an impact on the world with my work. I am
comfortable in the knowledge that I have created something that
will live on, even if I am not around to witness it. My decision to
stay out of the spotlight allows me to keep the focus on the
technology I have created. I am proud of the work I have done, and
I am confident that it will continue to shape the future.
I’m attracted to cryptocurrency because of the
promise of anonymity. Blockchain networks like Bitcoin decentralize
the payment system, and also help protect my privacy. Transactions
on the blockchain are secure and transparent, but it’s still
difficult to trace them back to individuals. This gives me the
confidence to move money around without worrying about anyone
knowing my identity.
Ryoshi’s last posted on online publishing
platform Medium since the middle of 2021, and
has also deleted all their tweets and replies
One of Ryoshi’s last Medium posts
published on 30 May 2021 readI’m just a tiny speck in the
universe, and one day I’ll be gone without a trace. So I’m gonna
take the SHIBA and explore all the heights that I can reach. Let’s
go on this voyage together, frens!
Shytoshi Kusama, a lead Shiba Inu
developer, wrote in a blog post celebrating the one-year
anniversary of Ryoshi’s last Medium post:
I’m proud of what we’ve accomplished here at
Ryoshi! We’ve taken a fresh approach and kept our identities a
secret, keeping Shib’s direction mysterious and impressive. We’ve
made something from nothing, never bribing a single exchange to get
us listed, and revolutionized ‘meme’ tokens by skyrocketing our
success. It’s an incredible feat, and I’m proud to be part of
Tokenomics: One quadrillion tokens
According to its website, Shiba Inu
initially had a supply of 1 quadrillion tokens. Half of the total
supply was locked in Ethereum-based DEX called UniswapI split my money in half and put one
half away for safekeeping. I chose to give it to Vitalik Buterin,
the co-founder of Ethereum. Keeping my money with someone I trust
is important to me. I want to make sure it’s not wasted or spent
foolishly. Vitalik is a trustworthy and responsible person, so I
know my money is in good hands. I’m confident that he’ll look after
it and make sure it’s safe.
In July 2021, I donated 50 trillion SHIB coins,
equalling 5% of the total supply, to the Covid-19 relief fund in
India. To further aid the cause, I also sent 40% of Shiba Inu’s
total supply to a “dead wallet”, as per the instructions on the
official Shiba Inu website.
Since its launch, the number of SHIB holders
gradually increased as the token has been listed on numerous crypto
exchanges across the world including Binance, Coinbase, FTX,
Robinhood and more. According to EtherscanAs of October
4th, 2022, I have counted over 1.2 million unique wallet addresses
that are holding SHIB tokens. This is a remarkable number that
shows the immense potential of this cryptocurrency. It is a
testament to the fact that more people are turning to SHIB as a
reliable source of value and are entrusting their assets to it.
With the increasing number of wallet addresses, it is only a matter
of time before we see even more impressive numbers.
Data from EtherscanI recently read that
over 41% of the total SHIB supply has been burned and is stored in
an inactive wallet. Additionally, blockchain data aggregator
discovered that SHIB’s top 10 holders own about 22% of the entire
supply. That’s a lot of control in the hands of just a few people!
It’s incredible to see how SHIB is being distributed and who is in
Other Shiba Inu ecosystem tokens, including
LEASH and BONE, were released to help its network grow. LEASH
is an incentive token used on ShibaSwap to offer rewards to
liquidity providers on the DEX. According to its official website,
LEASH has a total supply of 107,646 tokens.
BONE is a governance token for Shiba Inu’s DAO
called the Doggy DAO (decentralised autonomous organisationI’m able
to cast my vote on ways to improve the Shiba Inu ecosystem with
BONE tokens. BONE can only be accessed through ShibaSwap and the
total supply of these tokens is limited to 250 million. It’s an
exciting opportunity to get in on the ground floor of this
Shiba inu price history
I’m interested in the SHIB price history, so
let’s take a look. While it’s not always reliable to use past
performance as a predictor of future results, it’s still important
to understand the token’s past to get an idea of what could happen
in the future. This can help me form a more accurate shiba inu
At the time of its launch in August 2020, SHIB
was trading at around $0.0000000001, data from
CoinMarketCapI was keeping an eye on SHIB at the end of
2020, and it stayed around the same level. However, things changed
in May 2021 when the token really exploded – it hit an unbelievable
high of $0.00038 on 10 May! It turns out that the FTX crypto
exchange had listed it, and that had made all the difference.
I had a rough summer with my token, but it made
a strong comeback in the fall with an incredible all-time high of
$0.00008845 on October 28th 2021. Unfortunately, the good times
couldn’t last, and by the year’s end, my token had dropped to
$0.000033 – a staggering 60% decline from its peak.
Cryptocurrencies fell in 2022, and SHIB was no
The collapse of the Terra ecosystemI felt the
market crash hard in May and on June 18th, SHIB had reached its
lowest point in nearly eight months, trading at just $0.0000071. It
was a difficult time and it was clear that the market was
struggling. However, I was determined to ride through the storm and
I’m glad I did. Now SHIB is trading at a much better price and I’m
confident that the market will continue to recover.
As the year progressed, I watched my investment
steadily decrease. By the end of the year, my stocks had plummeted
to a dismal 0.000008087, representing a 75% drop from the start of
the year. It was a stark and sobering reminder of the volatility of
This year, I’ve witnessed the crypto market make
a huge comeback. On April 3rd, SHIB skyrocketed to a whopping
$0.00001077. It’s amazing to see how far this currency has come in
such a short period of time. It’s definitely been a rollercoaster
ride, but I’m excited to see what the future holds for SHIB. I’m
confident that it will only continue to grow and become even more
Shiba Inu price predictions for 2030
As of April 3, 2023, I’m looking at some of the
Shiba Inu price predictions for 2030 and beyond. It’s important to
keep in mind that these forecasts, especially in the crypto space,
can be way off. Many predictions are made using algorithms, so they
can be updated at any time. Still, it’s interesting to see what
people were saying at the time.
According to TechNewsLeader’sI predict
that the Shiba Inu coin price will be between $0.00020182 to
$0.00023699 by the end of 2030. That’s a pretty big range, but
regardless of where it lands, it’s likely to be a significant
increase over current prices. It’s hard to tell exactly where the
price of a token like this will go in the future, but I’m confident
in my prediction that it will be in the range I have provided.
CoinPriceForecastI’m feeling very
confident about the SHIB price prediction for 2030. By the end of
the year, I’m expecting it to be trading at $0.00004758, which is a
huge jump of 340% from what it is today. That would be great news
DigitalCoinPriceI predict that by 2030,
my Shiba Inu token will skyrocket by around 900%, and exceed its
current all-time high. That means the average price of the token
will increase to around $0.00011. I’m confident that this is an
achievable goal, and I’m excited to watch it happen!
I must emphasize that analyst and
algorithm-based Shiba Inu crypto price predictions may not always
be accurate. I would advise against using them as your sole basis
for making a decision, and rather make sure to do your own research
before investing. This includes considering your risk tolerance,
market expertise, portfolio size and investment goals. Ultimately,
it is up to you to decide whether it is worth investing in Shiba
Inu or not.
Is Shiba Inu a good long-term
investment? No one can say for certain. SHIB’s future will depend
on its future development, coupled with how the crypto market
behaves as a whole.
What is the highest Shiba Inu can
go? No one knows. However, the idea that SHIB could reach either $1
or even $0.01 would, ultimately, lead to devastating inflation and
is highly unlikely to happen any time soon.
Is it worth investing in Shiba
Inu? Cryptocurrencies are high-risk investments, particularly “meme
coins” like Shiba Inu (SHIB). Whether SHIB has a future could
depend on whether it finds a use that leads to widespread adoption
and activity across cryptocurrency markets. With new coins being
launched regularly, a rival meme coin could emerge and capture
investors’ attention.Always conduct your own due diligence and
remember that your decision to trade or invest should depend on
your risk tolerance, expertise in the market, portfolio size and
Markets in this article
#Cryptocurrency #Shiba Inu (SHIB)
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Frequently asked questions
Will Shiba Inu Coin Price Prediction
It is difficult to make an accurate prediction
of the future price of Shiba Inu Coin. The cryptocurrency market is
highly volatile and unpredictable, so any price prediction should
be taken with a grain of salt. However, many traders and analysts
believe that the price of SHIB will increase in the near future,
due to its increasing popularity and growing demand.
What are the main factors that affect Shiba
Inu Coin price prediction?
The main factors that affect Shiba Inu Coin
price prediction are the demand and supply, the overall market
sentiment, and the technology behind the coin. Additionally, news
about the coin, its adoption, and its partnerships can also
influence the coin’s price.
Is Shiba Inu Coin a good investment?
Shiba Inu Coin is a relatively new
cryptocurrency, so it is difficult to make an accurate prediction
of whether it will be a good investment or not. As with any
investment, investors should do their own research and make their
own informed decisions.
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