Will Shiba Inu Price Rises to $1 Level?

Bittime - Shiba Inu (SHIB) is a crypto asset that is quite popular so many are curious whether the price of Shiba Inu can reach the $1 level. 

However, several analysts predict that the price of Shiba Inu (SHIB) may still be far from that level. Read this article to find out more!

Short Term Shiba Inu Price Prediction

The short-term Shiba Inu (SHIB) price prediction shows the potential for a small increase, namely around 2.12% and reaching $0.00002610 on December 14, 2024.  

Then, on November 15 2024, the Shiba Inu price is expected to be in the range of $0.00002556, with a potential increase reaching $0.00004979 on November 18 2024.

This price movement shows that despite the bull run, SHIB is not showing any signs of heading towards the $1 level any time soon.  

Read Also: Can Shiba Inu Make You Profit? Check Here the Analysis!

Supply Token and Shiba Inu Price 

There are several reasons why the price of Shiba Inu is difficult to reach the $1 level, one of which is the very large supply of the coin.

Shiba Inu has a very large coin supply, namely more than 589 trillion, in contrast to Bitcoin which is limited to 21 million coins. 

To reach the $1 level, SHIB's market capitalization must exceed trillions of dollars, which is almost equal or even higher than the current market capitalization of Bitcoin and Ethereum. 

Long Term Shiba Inu Price Prediction

Meanwhile, if you look at long-term predictions, Shiba Inu's price to reach $1 is still considered unrealistic. 

According to various sources, the price of Shiba Inu in 2030 is expected to only reach around $0.000034. Despite the increase, this figure is still very far from the $1 target. 

However, there is certainly potential in the long term if Shiba Inu is able to launch new and interesting innovations. For example, the Shibarium project and various NFT initiatives from Shiba Inu can add value to the ecosystem and increase investor interest.  

Read Also: Shiba Inu Coin (SHIB) Price Rises More Than 40%, Shytoshi Kusama Reveals the Cause

How to Buy Crypto di Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.