During the meme-tokens season of 2021, the Shiba Inu coin gained a lot of value. While the SHIB price was suffering from the bears season, the community didn’t đại bại belief in the project and kept working on it. Recently market analysts noticed that the SHIB token has all the chances khổng lồ return lớn the uptrend. Read our Shiba Inu price prediction to lớn see what is going to lớn happen to the project. 


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Shiba Inu is a meme token featuring the picture of the Japanese dog breed of the same name. At the very beginning, it was positioning itself as the main rival of Dogecoin, as it is also one of the dog tokens, but implemented on the Ethereum blockchain. It copies the mining algorithm of DOGE.

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Besides opposing the DOGE token, the Shiba Inu project was created lớn show that the crypto project can be completely run by the community. It is one of the many dog-themed cryptos that appeared in 2021 on the wave of hype of Dogecoin reaching from $0.00002 to $0.75.

Shiba Inu was listed on the biggest US-based cryptocurrency exchange Coinbase which caused the token price lớn jump. During the bull rally in 2021, the SHIB token was the leader among the gainers as its price grew by around 40000%.

Shiba Inu was launched in August 2020 by an anonymous developer under the name Ryoshi. He describes himself as nobody và warns that if anyone will be able to lớn deanonymize him, they will be disappointed. He also declares that he owns no SHIB tokens và also that no person is accountable or responsible for the project.

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The SHIB token gained a lot of attention shortly after its launch mainly because of the support from bright personalities such as Elon Musk and Vitalik Buterin on social media. Many community members believed that Buterin is the person behind the Shiba Inu project, but he denied it on Lex Fridman"s podcast on June 5, 2021. 

Starting from the first day the SHIB token had a supply of 1 quadrillion, 50% of which were locked in Uniswap và another 1/2 were sent lớn the co-founder of Ethereum Vitalik Buterin, who later donated part of this money to lớn help the COVID-19 outbreak in India và burned most of the coins to lớn a dead wallet because he didn’t want to be a “locus of power”. According to the founder of Shiba Inu, true decentralization began from that day. In his blogposts, Ryoshi was expressing the hope for Shiba Inu to lớn become a globalized exchange of power.

The main reason behind the success of the token is enormous tư vấn from the community: in October 2021 the token holders collected half a million signatures for the token to lớn be listed on Robinhood, and later started an initiative khổng lồ make SHIB accepted as payment in McDonald’s. But the main value in it is that the community aspires to lớn create utility for the project. 

As an ERC-20 token SHIB is compatible with the Ethereum ecosystem which allows the project to lớn expand. SHIB has its own decentralized exchange called ShibaSwap where the users can exchange & swap their tokens without an intermediary. 

The project also includes its DAO và NFT platforms. Moreover, in 2022 it has attracted a lot of attention thanks khổng lồ the token burns. Since the over of October 2021 over a million Shib coins were burnt. 

In the latest blog post, Ryoshi said that they going khổng lồ develop a Layer-2 solution that would be better than Polygon & Binance Smart Chain. Layer 2 will be called Shibarium & will be released soon, though the date is not specified. 

Last summer when the crypto market was going through the bearish season, the SHIB token was trading for around $0.0000063. Even though at the over of July the crypto prices started khổng lồ grow Shiba Inu reached only $0.0000081. It went even lower and dropped lớn 0.0000072 at the end of August. 

For a little longer than a month the token stayed stable slightly bouncing between 0.0000060 và 0.0000078. The situation started khổng lồ change at the beginning of October when the meme-token season started. On October 3 the price of the Shiba Inu coin was $0.0000085 & the next day it rose by over 30% and then skyrocketed. On October 11 the price of the Shiba Inu token was 0.000030 & after staying stable for two weeks it jumped even further. 

The SHIB coin reached its all-time high of 0.000088 on October 28, 2021. From that date & for the next 2 months, the price of the Shiba Inu native token was declining and lost about 60% of its value. On December 19 it reached 0.000030 & flipped the trend.

The Shiba Inu token started the year trading at 0.000034, but in 10 days went down lớn $0.000026, recovered to lớn $0.000028, & fell to lớn 0.000020 until the beginning of February. On February 8 it jumped back lớn $0.000032 but managed khổng lồ maintain this price only for a week. From February 17 the SHIB coin started to thảm bại its value và by the middle of March reached $0.000021.

At the end of March, the crypto market was showing signs of recovery which didn’t help Shiba Inu reach higher than $0.000026. Till the beginning of May, the token stayed slightly declining and on May 12 it collapsed khổng lồ $0.000010 as all the crypto market went under the hard correction wave. At the over of June, the price reached as low as $0.000008, meaning that SHIB has lost all the gains since the last year. 

In the last 3 weeks, the token was making attempts to grow và established a new resistance màn chơi of $0.000012, while trading for $0.000010 most of the time. Recently the token has been showing bullish signals và investors expect its value to lớn go up. 



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By mid-July 2021, Shiba Inu token price kept trending downwards, albeit more slowly than before. It failed to break out of the $0.000009 — $0.00001 resistance area và formed a descending wedge. It’s had very strong tư vấn at around $0.000005 – the lowest it has been since the beginning of May, which gives a reason to lớn think it will tỷ lệ thoát off this line even if it gets there. However, as it’s been said, the downward trend has slowed down, showing signs of consolidation, so it looks lượt thích a waiting trò chơi in the coming weeks.