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Is it too late to buy Shiba Inu

Did you know that between January 2021 and mid-2023, Shiba Inu’s price had appreciated by more than 8220000%? This implies that if you bought SHHIB worth $100 at the time and hodled, the investment would be worth more than $8.22 Million today. This begs the question, is it too late to buy Shiba Inu right now?

Throughout this guide, we will be providing a comprehensive answer wether it is still too late to buy Shiba inu. We will look at Shiba Inu’s price history, price forecast and tell you what experts think about buying Shiba Inu today.

We will also introduce you to some of the best beginner cryptos worth buying alongside Shiba Inu.

Article Recap – Is It Too Late to Buy in Shiba Inu

Here is a summation of the key points discussed in this post:

  • Shiba Inu is one of the most lucrative digital currencies of all time, having rallied by a couple of million percentage points in the three years that it has been around. Moving forward, most analysts and investors are confident that SHIB token prices will continue to rise in the foreseeable future.
  • Shiba Inu has also proved its resilience by surviving several crypto market crashes. It, for example, withered the year-long crypto market crash in 2022 and still maintains an overall uptrending price action.
  • Shiba Inu’s development team has been on an aggressive expansion of the SHIB ecosystem. They have integrated multiple projects and programs – from a decentralized exchange, more meme coins, a layer-2 blockchain protocol, and NFT projects.
  • Shiba Inu is one of the most popular meme coins. It has cultivated a large community of followers – commonly referred to as the #SHIBArmy.

Below, we will expound on these points and tell you everything you need to know to help you decide if it is too late to buy Shiba Inu. We will also tell you where to buy Shiba Inu today and introduce you to what our analysts and a majority of investors consider to be the best altcoins to buy at the moment.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Shiba Inu (SHIB) Price History

Shiba Inu launched in August 2020 – at the onset of what came to be the biggest meme currency hype yet. It was created to solely serve as an alternative joke currency investment to the ultra-popular Dogecoin. In fact, its key selling point at the time was the ultimate DOGE-killer tag.

This implied that SHIB had been designed to dethrone Dogecoin as the most popular, most traded, and most valuable meme currency.

Over time, however, Shiba Inu has morphed into a vibrant crypto ecosystem. Its mission and vision statements have changed, and are currently engaged in an aggressive expansion drive that SHIB developers hope will help the best altcoins shed the meme coin tag that drove it to fame.

Below, we looked at Shiba Inu’s price history – looking at how it has performed at every turn and some of the factors that influenced its past price action.

Shiba Inu Price: 2020 and 2021

Like all meme coins, Shiba Inu was practically worthless when it launched in August 2020. However, aggressive social media marketing by developers combined with sustained hype and artificial price pumps by investors and crypto influencers helped SHIB gain traction.

By the time CoinMarketCap started tracking Shiba Inu’s price in October of the same year, it was selling for $0.00000000019.

However, Shiba Inu only started rallying in early 2021. Between January and its first peak in May that year, for instance, SHIB grew its price by more than 15 million percent. This gives the meme coin one of the highest ROIs of all time.

Shiba Inu Price History

Like all the other cryptocurrencies and in observance of the digital market trends, the Shiba Inu price corrected and dipped in June 2022. The slight correction was, however, followed by its most aggressive recovery yet, which pushed SHIB token prices from the lows of $0.000006 in September to its current all-time high of $0.0000885 a month later.

The massive price run was largely influenced by a recovering market, a revived meme coin frenzy, and hype from SHIB’s massive online community of investors and influencers.

Shiba Inu Price: 2022

In the last two months of 2021, the crypto market started contracting – and so did Shiba Inu. This saw the ultra-popular joke currency shed as much as 60% and leap into 2022, trading around $0.000033.

As bears took over the market, crypto prices slid further down. Shiba Inu’s value, for example, bled throughout the year – bottoming at $0.000006 and around mid-June and trading around this price level throughout the last half of that year. By December, Shiba Inu was trading around $0.000007 – more than 76% below its January prices and 92% below the October 2021 peak price.

A number of factors can be attributed to Shiba Inu’s depressing price action throughout 2022. First is the hostile approach to crypto regulation in the US, with the second being rising inflation, which saw investors direct funds to high-yield securities and treasuries. There also was the ongoing Russia-Ukraine war.

But it was the collapse of FTX exchange Alameda Research company that really sunk the market and fueled bear sentiments.

Shiba Inu Price: 2023

Shiba Inu started exhibiting recovery signs at the start of the year. Between January and February, for example, SHIB token prices jumped by more than 70% to reach $0.000014. This sudden rise was a reaction to an equally sudden but false bull run by Bitcoin around the same time.

The surprise rally, however, started subsiding in March in a further reaction to Bitcoin’s downward price correction. We nevertheless need to note that though the downtrend continued throughout the second quarter of 2023, Shiba Inu maintained its price above the 2022 crash levels.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Shiba Inu (SHIB) Key Moments and Price Triggers

You are now familiar with Shiba Inu’s price action for the last three years. Below, we will be looking at the meme coin’s key moments and price triggers.

  • The Shiba Inu meme coin was launched in August 2020, having been designed by an individual or group of individuals – pseudonymously referred to as Ryoshi. It was fashioned as a Dogecoin competitor.
  • Shiba Inu had an original supply of 1 quadrillion tokens. Half of this was sent to Vitalik Buterin (Ethereum founder), who burned 410 Trillion SHIBs while donating the rest to the Indian government to help it combat the Covid-19 pandemic.
  • Shiba Inu’s most aggressive price rally was recorded in 2021, when SHIB’s value jumped 15,000,000,000%+ between January and May that year. This makes Shiba Inu one of the most lucrative crypto assets in the history of the crypto-verse.
  • SHIB’s wild price rally in 2021 was a result of multiple factors – all working together to push up SHIB’s token price. These included a market-wide price rally, massive interest from both retail and institutional investors, positive media coverage of the crypto industry, and a meme coin frenzy.
  • Throughout the first half of 2023, Shiba Inu reacted positively to the possibility of a market recovery. At first, SHIB token prices shot up before resulting in a soft downtrend in the second quarter of the year.
  • Throughout 2022 and 2023, Shiba Inu’s development team has been on a mission of legitimizing Shiba Inu and escaping the joke currency tag. The move has been marked by a rather aggressive expansion of the SHIB ecosystem involving the introduction of new programs and projects – from an NFT project to a DEX and the much anticipated Shibarium mainnet.
  • In addition to the trillions of SHIB tokens burnt by Vitalik, Shiba Inu has been quite aggressive in burning excess crypto as a way of reducing supply and boosting token prices. In 2022, for example, more than 83 Billion were burned and removed from circulation.

Shiba Inu (SHIB) Price Forecast for 2024, 2025, and 2030

Is it too late to buy Shiba Inu coins

To best understand if it is too late to buy Shiba Inu today, we look at its projected future price action. While Shiba Inu – like all the other best cryptocurrencies to buy today – is wildly volatile and continues to operate in an unpredictable market, our analysts are confident that this is its most sustain an uptrending price action.

In coming up with these forecasts, we looked at a number of critical factors with the greatest impact on the Shiba Inu token price. These include the burn rate for SHIB tokens, the pace of growth and adoption for the Shiba Inu ecosystem, the direction of the wider crypto market, and the influence of the #Shibarmy.

Here are the most likely future prices of the Shina Inu token:

Shiba Inu Price Forecasts 2024

A number of factors have our analysts and most Shiba Inu investors convinced the meme coin will be the year on a high. First is the growing hype that the joke currency continues to receive from the crypto community as it adds more programs and projects to its ecosystem.

Second is the expected crypto market rally in 2024, which has investors convinced that the market start laying a base for this uptrending in the late of 2023.

Thirdly, there has been increased trader activity from the SHIB token traders – both retail and whales – plus investor sentiment on the fear and greed index has already moved from fear to neutral. By the end of the year 2024, we expect Shiba Inu’s price to have rallied to trade around $ $0.00002283.

Shiba Inu Price Forecasts 2025

Shiba Inu’s price in 2025 will be largely dependent on the crypto market’s performance throughout 2024 and 2025. We believe that the market will have recovered fully and possibly experienced a record-setting bull rally that will send SHIB token prices above their late 2021 highs. Shiba Inu will most likely be trading around $ $0.00008 at the time.

Shiba Inu Price Forecasts 2030

By the turn of the decade, Shiba Inu will have expanded its ecosystem and escaped the meme coins tag. It will also have burned lots of excess cryptos and increase its use case while the market will have witnessed at least two bull runs. All these are expected to have pushed the SHIB token price well above $ $0.002.

Shia Inu Use Cases: What Will be Shiba Inu’s (SHIB) Core Use Cases in Future?

We have already mentioned that, in the past, Shiba Inu derived much of its value from hype – largely from the online community, investors, and crypto influencers. These have been able to consistently create and hype artificial price pumps that ended up pushing Shiba Inu prices to unimaginable heights.

Moving forward, however, we expect Shiba Inu’s expansion campaign to eventually pay off, effectively resulting in the creation of multiple use cases for the SHIB token.

We, therefore, expect Shiba Inu’s use cases in the future will include:

Speculative investing

Shiba Inu already features prominently among the most active traded cryptocurrencies. Much of this can be attributed to its accessibility, liquidity, and massive volatility.

Moving forward, the many developments taking place within the Shiba Inu ecosystem are expected to continue influencing SHIB’s price. Therefore, investors looking to cash in on these price developments will often turn to SHIB for speculative investing purposes.


Moving forward, we also expect the number of staking platforms listing Shiba Inu to continue rising.

Payment of goods and services

Shiba Inu’s popularity and massive community support have ensured its adoption as a payment option by different eCommerce and main-street stores – including GameStop, AMC, and Menufy. Moving forward, especially if the crypto and blockchain technology adoption continues rising, we expect more brands to start processing Shiba Inu payments.

The number of individuals willing to accept SHIB as payment as a cash alternative has also been on a steady rise.

Native token for the Shiba ecosystem

For the better part of 2021, the Shiba Inu meme coin could only be used for speculative investing. Today, however, the SHIB ecosystem is growing fast and integrating a DEX, NFT project, a mobile P2E game, a metaverse, and a mainnet. SHIB will act as the native token for this ecosystem and the utility token for these programs.

Retail shopping

Today, you can also use your Shiba Inu to pay for goods and services anywhere in the world. In partnership with Visa, SHIB developers have come up with the Shiba Inu virtual card as well as a physical plastic card that one can use to pay for goods and services.

DeFi earning

As Shiba Inu’s popularity, community of supporters, and price rise in the future, we expect to see more DeFi platforms embrace the crypto asset. We hope to see more DeFi protocols add Shiba Inu to their liquidity mining pools.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Is It Too Late to Buy Shiba Inu (SHIB) – What Experts Say

A growing number of analysts and crypto investors are convinced that Shiba Inu it is not too late to start buying Shiba Inu.

They argue that its volatile price action helps it appeal to active traders, while its current rebrand and massive Shiba inu burning tokens make it a good long-term investment. This has seen a record number of crypto whales and regular investors add it to their list of what they consider to be the next cryptos to explode.

Here are three popular investors and analysts sharing their thoughts on why it is not too late to buy Shiba Inu:

Herald Analysts

Analysts at The Herald – a Scottish news publication, join the growing number of investors and analysts who believe that it is not too late to invest in Shiba Inu. These argue that Shiba Inu will continue leveraging its core features, i.e. its popularity, growing use case, massive resilience, and meme coin status, to sustain its current overall uptrend.

A positive shift in the market, like a bull run, could send SHIB token prices to new heights, further affirming that it probably is not too late to start buying Shiba Inu.

Del Crypto

Del Crypto – a renowned analyst and investor – is also hugely optimistic about Shiba Inu’s future price action. He argued that the crypto market bull run – which he opines will take place in 2024 after Bitcoin halving – will thrust Shiba Inu’s value so high that it would join the list of the top five most valuable cryptos.

This would mean growing its market cap by more than $37 Billion – which translates to a 700% price jump.

Where to Buy Shiba Inu (SHIB) Today

There are hundreds of crypto exchanges and trading platforms where you can buy both established cryptos like Shiba Inu and Bitcoin as well as invest in relatively new cryptos. But identifying the best crypto exchange from such a pool often proves overwhelming for newbie and intermediate crypto investors.

But if you are looking to buy Shiba Inu and the rest of the hottest cryptocurrencies, we would recommend that you use eToro.

eToro Exchange – Brief Overview

eToro is arguably one of the most popular crypto exchange and one of the best places to buy cryptocurrencies today. Much of its popularity can be traced to its pro-regulation stance, the solid reputation of reliability, security, customer support, and user-friendliness.

Buy SHIB on eToro

It, for instance, eToro is fully regulated by virtually all the tier-1 regulatory agencies across the world – from FCA to SEC and ASIC. Further, eToro, one of the best crypto wallets, provides all its platform users with two free wallets – custodial and non-custodial – and neither has ever been hacked.

eToro is also popular because of its affordability. To start buying the best cryptocurrencies supported on the site, for example, you only need to deposit at least $10. And you can buy these crypto assets with PayPal, bank transfer, credit cards, debit cards, and e-wallets. The broker doesn’t charge a commission and you will only have to pay a fixed 1% fee for the trade volume.

eToro then maintains one of the most crypto-trader-friendly trading platforms. It starts with a smooth and straightforward client onboarding process that ushers you into an easily navigable trading interface.

This integrates a host of educational resources and guides, such as how to invest in crypto, which appeals to beginner traders. It is also home to a host of advanced trading and risk-management tools that appeal to expert traders. Not forgetting that it also supports both copy trading and copy portfolio investing.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Is It Too Late to Start Buying Shiba Inu (SHIB) – Our Opinion

In answering the question of whether it is too late to buy Shiba Inu, we begin our response with a disclaimer. As always, we encourage our readers to only invest in assets they understand and only invest what they can afford to lose. That said, however, there are two critical factors that have our analysts convinced that Shiba Inu is worth buying today.

First is the level of development activity taking place within the SHIB ecosystem. These are expected to push up utility and demand for SHIB tokens – which, alongside the aggressive burning of excess SHIB tokens, is expected to push the meme coin’s value up.

Secondly, the crypto market will eventually recover and break into a run. And in the past, Shiba Inu has proved its obedience to market trends, implying that it, too, will eventually recover and break into a run that catapults it to new highs.

These two factors can help Shiba Inu sustain its overall uptrending price action and possibly trigger a bull run. This promising future and possible run to a new all-time high price in the foreseeable future says that it is not too late to consider investing in Shiba Inu.

Alternative Coins to Consider Buying Alongside Shiba Inu (SHIB)

There are a number of factors you need to consider when searching for the best cryptocurrencies. The most common include a self-assessment confirming your risk tolerance, disposable income, and an understanding of the crypto industry/trading experience. You may also want to check the coin’s past price action, its price drivers, its usability, and future prospects.

In light of these, we would like to introduce you to a few more of what our analysts consider the best coins to buy alongside Shiba Inu. These have been as lucrative as the popular meme currency and have an equally promising future.

Dogecoin (DOGE)

How to Buy Dogecoin

Dogecoin is the most popular and most valuable meme currency. It is the best meme coin alternative to Shiba Inu for active traders looking for an equally volatile trading instrument. The fact that it has been around for more than a decade also makes it a highly resilient joke currency and a preferred alternative to Shiba Inu for long-term meme currency investors.

Dogecoin has also had a highly lucrative past, is highly obedient to crypto market trends, enjoys a large community of followers, and has received endorsements and adoption by celebrated investors and entrepreneurs – like Elon Musk and Mark Cuban. It also has a hugely promising future.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Bitcoin (BTC)

Is it too late to buy Bitcoin

Bitcoin is the best Shiba Inu alternative for the relatively risk-averse investors who still want to reap maximally from their crypto investment. The most valuable crypto is arguably the most adopted cryptocurrency and its use cases continue to rise by day.

This, coupled with the fact that it has a fixed supply and the number of coins released to market halves every four years, has been instrumental in pushing its prices up. Moving forward, Bitcoin’s price could continue to rise and most likely break into a sprint that sends it to all-new highs during the 2024/2025 crypto market rally.

Your capital is at risk. Crypto asset investments are highly volatile and speculative

Conclusion – Is it Too Late to Buy Shiba Inu

There goes the comprehensive coverage of whether it is too late to buy Shiba Inu. It is clear that the overwhelming majority of crypto analysts and investors believe that it is not too late to start buying Shiba Inu and other cryptocurrencies. Resilience, a large community of followers, and hype have played a critical role in influencing SHIB’s past price action.

Moving forward, a recovering market, possible crypto market rally, and growing utility from a rapidly expanding SHIB ecosystem expecting to shape Shiba Inu’s future performance. And every indicator points to the fact that Shiba Inu token prices will continue rallying in future.

With that said, the price of SHIB might keep increasing from today’s rate over the long run. As such, we’ve determined that it is not lot late to buy Shiba Inu crypto.

Author Checked Reviewed and Fact Checked by Kamal Masri, Fintech, Blockchain Writer and Investment Analyst.

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FAQs on whether it is Too Late to Buy Shiba Inu (SHIB)

Is Shiba Inu worth buying today?

Yes, the general agreement among investors and analysts is that Shiba Inu is still worth buying. This is informed by the realization that its ecosystem is growing rather fast, a recovering crypto market, and aggressive burning of the meme coin. All these have the net effect of driving up SHB token prices.

At the current circulating supply, it is highly unlikely that SHIB's token price can reach $1. However, these altcoin developers have intimated about the possibility of increasing the burn rate for the excess SHIB coins, which would push up its price.

Yes, Shiba Inu is currently mapping out a solid future for itself through an enriched ecosystem. Throughout 2022 and early 2023, the SHIB development team came up with multiple programs aimed at expanding the Shiba nu ecosystem and guaranteeing SHIB's sustainability.

SHIB's volatility and the crypto market's unpredictability makes it impossible for anyone to tell with utmost accuracy what the altcoin will be worth ten years from now. Everybody, however, agrees that it will be trading at way higher prices than its value today – driven up by growing utility, rising adoption of crypto technology, and market rallies.

Yes, some of the best crypto exchanges have an incredibly low trading minimum and will, therefore, let you start investing in crypto with as little as $1.