Key Takeaways
- The SHIB price closed the previous day’s trade at INR 0.0009318 with a market capitalization of INR 513.27 billion and a circulating supply of 549,063.28 billion
- The asset appears to be poised to delete a zero in its value and hence may continue to follow a strong upswing ahead.
- The popular crypto target of reaching INR 1 still appears pretty distinct but the community may uplift the price in the coming days
What is Shiba INU?
Shiba INU is dog-based crypto which was created to be one of the toughest competitors to Dogecoin. The asset was created by an anonymous creator under the pseudonym, ‘Ryoshi’ and first listed on its own DEX, ShibaSwap. The asset gained huge attention with the mentions given by Elon Musk and Vialik Buterin.
Unlike Dogecoin, Shiba INU is an ERC-20 token built on the Ethereum chain that had also gained its place among the top 5 crypto assets for a while. However, the asset is still trading in the top 20 and with the current pace, the asset may even enter the top 10 soon.
Additional Read: SHIBA vs DOGE
Shiba INU Price Analysis for July 2022
| Current Price | INR 0.0009451 |
| Market Cap | INR 518, 918,051,584 |
| Circulating Supply | 549,063.28 billion SHIB |
| Total Supply | 589,735,030,408,323 SHIB |
| Vol (24H) | INR 72,607,350,461 |
| Change(24h) | +5.25% |
| Change (7D) | +13.13% |
| Change (30D) | +49.58% |
Check out latest SHIB INU INR Price, Charts, & Data.
SHIBA INU PRICE PREDICTION 2022
Shiba INU (SHIB) Prediction July 2022
The SHIB price is maintaining a significant upswing since the beginning of July and hence by the end of the month could gain another 10% to secure levels close to INR 0.001
Shiba INU (SHIB) Prediction August 2022
The beginning of August trade is expected to be pretty shaky as the prices may experience a slight pullback. However, after a brief retest, the prices may resume trading towards the north to achieve the crucial resistance at INR 0.0014.
Shiba INU (SHIB) Prediction Sept 2022
The price could continue moving ahead as the resistance appears to be pretty weak without any requirement of a retest. In no time, the asset may enter the important price zone between INR 0.0015 and INR 0.0017 and hover within these ranges until the end of September.
Shiba INU (SHIB) Prediction Oct 2022
The asset may try multiple times to slice through the consolidation but may face rejection and hit the lower support of the price zone. Further, a significant boost may enable the price to regain bullish momentum and close the monthly trade at INR 0.0017.
Shiba INU (SHIB) Prediction November 2022
The price here may gain a remarkable bullish momentum and head towards INR 1900 but the bears may restrict the price to INR 0.00185. By the end of November, the prices are expected to hover close to INR 0.0019 but may not surpass these levels.
Will Shiba INU Price Reach INR 0.005 by December 2022?
The SHIB price is expected to surpass INR 0.002 levels in the first few days of December and keep up a bullish momentum to lay down a strong upward trajectory. The bears may not have enough room to dominate. Hence the prices could reach levels above INR 0.0045 and close the yearly trade around INR 0.0045 levels.
SHIBA INU PRICE PREDICTION 2023
Will Shiba INU Price Reach INR 0.013 by December 2023?
The Shib Inu coin price in an initial couple of weeks may reclaim the levels above INR 0.005 and continue ranging high. By the mid of 2023, the prices may eliminate yet another zero and surge beyond INR 0.010. With the beginning of Q4, the prices are expected to surge massively and hover above INR 0.012. By the end, the prices are expected to hover close to INR 0.0013.
SHIBA INU PRICE PREDICTION 2024
Will Shiba INU Price Reach INR 0.025 by December 2024?
The SHIB price is expected to keep up a bullish momentum and reach the levels around INR 0.0015 in the first few days of Q1 2024. Further by the end of Q2 trade, the price may range above INR 0.002 and also experience a minor pullback. During the second half of 2024, the price may recover from INR 0.00197 to as high as INR 0.0022. However, by the end of 2024, the asset may trade around INR 0.00245 to INR 0.00248.
SHIBA INU PRICE PREDICTION 2025
Will Shiba INU Price Reach INR 0.04 by December 2025?
The SHIB INU coin price is expected to ignite a minor bull rally in 2025 as the Q1 trade may uplift the price beyond INR 0.003 in no time. The price during Q2 is expected to remain pretty consolidated after undergoing a small pullback to INR 0.00289. However, the Q3 may be thriving as the price could regain the bullish momentum and surge close to INR 0.0035 by the end of Q3 and close to INR 0.004 by the end of 2025.
Shiba INU Price History Comparison Table (2017-2022)
| Year | End of Year Price | % Change |
| 2017 | NA | NA |
| 2018 | NA | NA |
| 2019 | NA | NA |
| 2020 | INR 0.000000009746 | – |
| 2021 | INR 0.002487 | +115.89% |
| 2022 | INR 0.0009516* | -87.56% |
SHIBA INU Price Technical Analysis
- The Shib price is currently trending within a parallel channel and appears to find it difficult to break above or break down from the pattern
- However, after a couple of failed attempts, the asset is yet again ranging high from the lower support at around INR 0.0080 and facing turbulence at the current levels
- The prices are expected to consolidate around these levels for some more time and finally breakout to hit INR 0.01 levels.
Additional Read: Shiba INU Technical Analysis
SHIB INU Price Comparison with Dogecoin(DOGE)
Source: Tradingview
- Shiba INU & Dogecoin, both are considered as one the top competitors with the crypto space
- Both the assets are traded within similar braces and since the beginning of June, SHIB price displayed some strength compared to that of DOGE
- The DOGE price after dropping from -4% marked its bottom at -40% and after undergoing a flip is currently trading at -19.5%
- While, the SHIB price also tanked from the same levels but rebound at -35% and recovered well to trade at +2.33% at the press time.
Additional Read: Dogecoin Technical Analysis
FACTORS AFFECTING Shiba Inu Coin Price
- The rapid growth of Shiba INU Ecosystem is attracting more investors to the platform that may impact the price directly
- The layer-2 blockchain Shibarium is very close to its launch that is exected to boost the entire ecosystem
- SHIB community is purchasing Bitgert project which is just 12 months old and possess serious threat to Shiba INU itself
WHERE & HOW TO BUY Shiba INU Coin
Want to buy Shiba INU? Buy here at CoinDCX and get the best deals in the market. Just follow 3 simple steps to own a Shiba INU coin.
- Download the CoinDCX Crypto App on your smartphone
- Register by entering your details and get verified
- Once done, fund your wallet and buy SHIB INU Coin
Investing has become pretty simple & safe nowadays with CoinDCX’s Crypto Investment Plan(CIP) where you can invest in easy weekly instalments. Therefore, start investing in Bitcoin & other cryptos with Crypto Investment Plan now.
Prices as of 19th July, 2022
FAQs
What is Shiba INU?
Shiba INU is a dog-based crypto asset that claims itself to be the ‘Dogecoin Killer’.
Is SHIB a good investment in 2022?
SHIB's price appears to have gained strength and displays the potential to smash the targets in time. Therefore, SHIB may be a good investment option.
Will SHIB's price reach INR 0.01 in 2022?
The asset is gaining notable bullish momentum since the beginning of Q3 and hence is expected to range high to secure higher levels ahead. By the end of 2022, the prices are expected to secure levels close to INR 0.005.
What will be the Shiba INU price by 2023?
The SHIB price is expected to close the 2023 trade at around INR 0.013.
What will be the Shiba INU price by 2024?
Shiba INU price may swing high and close the 2024 trade at around INR 0.025.
What will be the Shiba INU price by 2025?
The SHIB price is expected to mark a minor bull run and close the 2025 trade at around INR 0.004.
Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
