Shiba Inu Price Forecast and Historical Overview
Will the so-called “Dogecoin Killer” set new records or face a dramatic drop? Let’s examine the details.
Table of Contents
The Reason for Its Popularity
SHIBA’s Strong Community
Where to Buy Shiba Inu
How to Purchase Shiba Inu
Shiba Inu Price History
Shiba Inu Price Outlook
Shiba Inu (SHIB), a meme coin launched on Nov. 28, 2020, has surged 11,430,362.4% since inception and still fuels hope for thousands of holders. Created by an anonymous figure called “Ryoshi,” SHIB earned its nickname by aiming to rival Dogecoin.
Although SHIB’s value has dropped from its highs, its fame has grown. With active Facebook groups, millions of social media followers, and constant press coverage, Shiba Inu remains a dominant figure in the memecoin space.
The Reason for Its Popularity
Several factors contribute to SHIB’s fame. Chief among them are tweets from Tesla and SpaceX founder Elon Musk, alongside recognition from Ethereum co-founder Vitalik Buterin. These mentions boosted SHIB’s presence across social platforms, making even minor price shifts headline-worthy.
A simpler explanation is the appeal of the Shiba Inu dog breed itself. Beyond the humor of meme investing, the dog’s cuteness may have convinced countless people worldwide to explore how to buy SHIB.
SHIBA’s Strong Community
SHIB’s meteoric rise created millionaires and attracted backing from major influencers. Holders often embrace the HODL mindset, believing long-term patience could lead to significant future gains.
Where to Buy Shiba Inu
Shiba Inu is listed on major exchanges like Binance, KuCoin, and Coinbase. An account on any platform that supports SHIB allows you to start trading.
How to Purchase Shiba Inu
A popular method is buying via Binance:
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Log into your Binance account.
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Click “Markets” on the top-left menu.
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Use the search bar to type “SHIB.”
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Select a spot market pair (e.g., SHIB/BUSD or SHIB/USDT).
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On the chart screen, enter your order in the left-hand panel.
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Once the market hits your chosen price, your order fills and the tokens appear in your Binance wallet.
Shiba Inu Price History
SHIB started at $0.000000000056 and climbed to $0.00003791 by May 10, 2021. Since then, prices have fallen sharply, now hovering near $0.000006453.
Shiba Inu Price Outlook
The market turned bearish in September 2021 as Bitcoin dropped below $45,000 after hitting $50,000 in August. Crypto assets often mirror BTC trends, meaning SHIB could remain subdued short-term.
At its current $0.000006453 price, SHIB might be attractive to long-term buyers. Yet, reaching $1 soon is unlikely due to its massive supply—about 1 quadrillion tokens, half of which Vitalik Buterin burned in May 2021.
However, crypto remains unpredictable. If SHIB replicates Dogecoin’s rally or if BTC surges toward $100,000 by year-end, SHIB could spike significantly—possibly reaching $0.001 or even $0.01.
