The cryptocurrency market filled with dog-themed assets performed well today, as they were the only assets to rise. While the OG meme cryptocurrency Dogecoin (DOGE) led the surge, Shiba Inu (SHIB) closely followed. The SHIB community is celebrating the asset's climb on the cryptocurrency ladder and its latest price increase.
Current status of Shiba Inu
As of the time of writing, the second largest meme coin Shiba Inu is trading at $0.00001791, having increased by 4.38% in the past 24 hours. This sudden increase occurred earlier today after a bloody weekend. The asset has significantly dropped in the past week.
Furthermore, the market capitalization of this meme coin has also risen. The market cap of SHIB has surpassed the $9 billion mark, with expectations to reach $11 billion. Meanwhile, the trading volume of this cryptocurrency has increased by 36%, reaching $389 million.
Price forecasts for 2025, 2030, and 2040
Changelly's analysts are very optimistic about the asset's potential in the coming years. They predict that by 2024, the price of Shiba Inu will reach a high of $0.0000389961.
They predict that by next year, Shiba Inu's highest target price will reach $0.00005999, with an average price of $0.00004995. Subsequently, experts predict SHIB will achieve compound annual growth.
Additionally, by 2030, they expect the minimum price of Shiba Inu to rise to $0.0003129. They predict the average trading price of SHIB this year will be $0.000323.
After removing three leading zeros, Changelly experts predict that the average trading price of Shiba Inu in 2040 will be $0.0213.
