In the unpredictable cryptocurrency world, investors must manage their expectations appropriately. The market is marked by fast volatility, and the possibility for huge gains is accompanied by equally great dangers. The Halving is one of the most important events when it comes to crypto prices. Shiba Inu has just made a reappearance after a year of dormancy. This article is all about how high will the SHIB price go after the 2024 Halving? and its price in the year 2025. Let’s take a look at this Shiba Inu Price Prediction 2025 article.
Shiba Inu has introduced a new blockchain called Shibarium, which is a second layer on their existing network. This new layer is great for creating apps that work with Ethereum’s system and gives SHIB coin owners more ways to use their coins on the blockchain. You can find things like finance apps for borrowing and lending, online games where you can earn crypto, and unique digital art (NFTs) made just for Shibarium.
Shibarium started in August and had some initial issues, but now it’s doing well with over 1 million wallets using it. The developers have been active, creating over 8,000 new tokens and deploying more than 13,000 smart contracts. In just under three months, Shibarium has already handled over 3.4 million transactions.
Shiba Inu also recently launched the Shib Name Service. This service lets users on Shibarium have easy-to-remember names for their wallets, like “bob.shib,” instead of long, complicated codes. It’s similar to what Ethereum Name Service offers.
Shiba Inu Price Prediction 2025: How has the price of SHIB changed in recent weeks?
Today, the price of Shiba Inu is $0.000058389. It has been traded a lot in the last 24 hours, with a total trading volume of $190.63 million. The total value of all Shiba Inu coins in the market is $4.94 billion, which makes up 0.36% of the entire cryptocurrency market. The price of SHIB has gone down by 1.41% in the last day.
The highest price Shiba Inu ever reached was on October 28, 2021, at $0.00008819. Its lowest price was on November 28, 2020, at $0.0000105637. The lowest price it has hit since its highest point was $0.000055603, and the highest price since then was $0.00001125.
Right now, people are neutral about where the price will go next, and the Fear & Greed Index shows a score of 60, indicating people are feeling greedy.
There are currently 589.35 trillion SHIB coins in circulation, out of a maximum of 589.74 trillion. The number of SHIB coins is increasing by 7.34% each year, which means 40.28 trillion new SHIBs were made last year. In terms of market value, Shiba Inu is the 6th biggest coin in the Ethereum (ERC20) Tokens category and the 2nd biggest in the Meme Coins category.
Shiba Inu Price Prediction 2025: How High Will SHIB Go After the 2024 Halving?
Predicting the future price of Shiba Inu (SHIB) after the 2024 halving involves a lot of speculation and depends on various factors. As of now, SHIB is trading at $0.00005839 with significant trading activity and a substantial market cap. Its historical price movements show a record high in October 2021 and a notable low in November 2020, with fluctuations in between.
Considering the upcoming 2024 halving, which typically reduces the rate at which new coins are generated, thereby potentially increasing scarcity, there could be an impact on SHIB’s price. If the demand for SHIB remains strong or increases, and the supply becomes more limited due to the halving, this could lead to a price increase. The sentiment around SHIB is currently neutral, but market sentiments can rapidly change, influenced by broader market trends, investor perceptions, and developments within the Shiba Inu ecosystem.
The introduction of new features like Shibarium and the Shib Name Service could also play a significant role in SHIB’s price movement. These developments might attract more users and developers, potentially increasing the utility and demand for SHIB.
Predicting the future price of Shiba Inu (SHIB) after the 2024 halving involves a lot of speculation and depends on various factors. As of now, SHIB is trading at $0.00005839 with significant trading activity and a substantial market cap. Its historical price movements show a record high in October 2021 and a notable low in November 2020, with fluctuations in between.
Considering the upcoming 2024 halving, which typically reduces the rate at which new coins are generated, thereby potentially increasing scarcity, there could be an impact on SHIB’s price. If the demand for SHIB remains strong or increases, and the supply becomes more limited due to the halving, this could lead to a price increase. The sentiment around SHIB is currently neutral, but market sentiments can rapidly change, influenced by broader market trends, investor perceptions, and developments within the Shiba Inu ecosystem.
The introduction of new features like Shibarium and the Shib Name Service could also play a significant role in SHIB’s price movement. These developments might attract more users and developers, potentially increasing the utility and demand for SHIB.
As of now, SHIB is trading at $0.00005839. Let’s consider some factors:
- Historical Performance: SHIB’s all-time high was $0.00008819, and its all-time low was $0.0000105637. The price has seen significant volatility.
- Market Trends: The sentiment is currently neutral, and the Fear & Greed Index indicates ‘Greed’ at 60. This suggests a positive market outlook, but this can change rapidly.
- Supply Dynamics: The current circulating supply is 589.35T SHIB out of a max supply of 589.74T SHIB. The yearly inflation rate is 7.34%, adding 40.28T SHIB in the last year. The halving event typically reduces the rate at which new coins are created, which could decrease the supply inflation rate.
- Halving Impact: Halving events often lead to price increases in cryptocurrencies, as they effectively reduce the supply of new coins entering the market, which can lead to higher prices if demand remains constant or increases.
Now, let’s do a speculative calculation:
- Assume that post-halving, the supply inflation rate drops by 50% to 3.67%.
- If demand stays constant or increases, and considering the reduced rate of new SHIB entering the market, we could see a proportional increase in price.
- If we apply a simple model where the price increase is inversely proportional to the reduction in supply inflation, the price could potentially increase by about 50%.
So, if SHIB’s price is $0.00005839 now, a 50% increase would put it at approximately $0.00008758.
However, this is a highly simplistic model and doesn’t account for external market factors, global economic conditions, changes in investor sentiment, or specific developments in the Shiba Inu ecosystem. Therefore, while this gives a rough idea, it’s important to take this prediction with a significant degree of caution and conduct thorough research before making any investment decisions.
Shiba Inu Price Prediction 2025: What will Shiba Inu be worth in 2025?
SHIB has shown a lot of strength in its early trading days, doing well even when market conditions were not favorable. This strong performance suggests that SHIB could continue to do well in 2025 too after halving, steadily increasing in value even though it might face some challenges along the way.
The price of SHIB is expected to go up soon, as it seems to be in a strong upward trend. By the end of the first three months, it might reach its highest point in this upward trend, possibly between $0.000165 and $0.000195.
In the second half of the year, the price might still go up, but not as quickly. There might be a few times when it tries and fails to go over $0.0002.
After that, the market might see a bit of a downturn, leading to a drop in price. This could help stabilize the price, keeping it between $0.000095 and $0.000112 for the rest of the year.
How to Buy Shiba Inu?
For those looking to purchase Shiba Inu, Bitget stands out as a reliable platform. It offers a secure and user-friendly environment for trading. To start, simply sign up on Bitget, verify your identity, fund your account, and you can begin trading SHIB.
