Shiba Inu Coin Price History

First, let’s examine how SHIB’s price has changed over time. Even though past performance isn’t a guarantee of what will happen in the future, knowing how the coin has done in the past can help us figure out what might happen to Shiba Inu at the beginning of the next decade or whether it is the best crypto to buy now.

SHIB was started in 2020 and began in 2021 at $0.000000000119. On January 30, 2021, it got going. Overnight, the price went from $0.000000000168 (nine zeros after the decimal point) to $0.00000001 (seven zeros), which is an increase of almost 60 times.

Shiba Inu Coin Price Prediction

Shiba Inu coin Price peiction is not easy right now. It has a very long history of fluctuating price. In April, it grew even more, dropping another zero until it hit $0.00000011 on April 11, 2021. Around this time, DOGE started a big rally, and investors were looking to see if any other cryptocurrencies could do what Dogecoin had done. This made SHIB a valuable asset.

Elon Musk, CEO of Tesla and a supporter of DOGE, was a guest on the US TV show Saturday Night Live on May 8, 2021. 

That day, the price of DOGE went from $0.0000028 to $0.00001897, a rise of around 570%. Musk’s appearance on an American TV show did affect the price of DOGE, but SHIB kept growing and reached a high of $0.0000388 on May 10, 2021.

But the excellent crypto day crash on May 19, 2021, hit the crypto market hard, hurting SHIB. It fell to $0.000007046 on May 21. On May 24, it went back up to $0.00001195, but that was nowhere near its high. On the morning of June 15, 2021, it was worth about $0.000007.

Shib Surprised Analysts

But that day, in the evening, the Coinbase exchange surprised many analysts by saying it would list SHIB. This caused the price of a Shiba Inu coin to rise by 28%, from $0.00000728 to $0.000009331 in just over an hour. After this sudden rise, the price went back down, and for the remainder of summer and into early autumn, it stayed around $0.000007.

All of this changed in October when Elon Musk helped the coin, probably by accident. The billionaire posted a picture of his new Shiba Inu dog, Floki, on Twitter. This led to a steady rise in the price of the coin, which reached its all-time high on October 28, 2021, at $0.00008845. 

SHIB Tokens, Which Could Be Worth About $24 Million

That was the best Shiba could do. In November 2021, the coin was worth $0.00004745 at the end of the day. In December 2021, it was worth $0.00003341. This meant it lost about 30% of its value over the month. However, this should be seen in the context of the coin’s value going up by more than 28,000,000% over the year.

In January 2022, the price of the coin went down, and on January 22, it hit a low of $0.00001744 before going up to $0.00003493. Russia’s invasion of Ukraine on February 24, when SHIB fell to $0.00002087, worsened the slow drop. After that, there was a bit of a comeback, and the news that Binance would give SHIB to new customers helped it reach a monthly high of $0.00002927 on March 28, 2022.

The token hit a low of $0.00002198 on April 11. After that, there was a slight trend, and on April 27, 2022, the price was $0.0000235. On May 9, 2022, bears came to the crypto market, dropping the price to around $0.0000166.

The debugging of the TerraUSD stablecoin and the collapse of the related LUNA cryptocurrency caused the price to drop to $0.000009145 on May 12. There was some recovery after that, with the token reaching a high of $0.00001235 on May 30, but there was another drop, and as of June 13, 2022, SHIB was worth about $0.0000075.

Is Shiba Inu real Coin?

True believers may purchase the Shiba Inu coin. Used to buy and sell things. If you want SHIBA, the best place to get it is at an instant cryptocurrency exchange like Changelly. There, you can trade SHIBA for more than 200 other cryptocurrencies.