Can Shiba Inu make you rich? In a nutshell, yes. Looking at Shiba Inu’s price history, total return on investment, and recent price spikes, it’s clear that SHIB tokens have the potential to make you extremely wealthy if the price pump continues.
This viewpoint is shared by crypto experts and SHIB investors, who believe token prices will continue to rise in the coming years.
How much can you make investing in Shiba Inu?
This question has no simple answer because it is highly dependent on when you purchased your Shiba Inu tokens. However, given that the ERC-20-only token has a 10-month ROI of 590,000 percent, you can now imagine how wealthy you would be now if you had purchased the cryptocurrency when it first became available in August 2020.
Should I go out and buy a Shiba Inu right now? Is it possible that the SHIB token will reach $10 in value? How much money will I have in a year if I invest in Shiba Inu today?
All of these questions are addressed in this Shiba Inu investment guide. However, we must first warn you that the past price performance of a cryptocurrency or other investment is not always indicative of future coin prices.
How much will a Shiba Inu be worth in 5 years?
SHIB is one of the most volatile tokens on the market right now, making it impossible to predict its future price with certainty.
Despite this, the crypto community believes that the SHIB token will be more valuable in five years than it is now, with analyst predictions ranging from $0.00006 to $0.0004 by December 2026.
According to Wallet Investor, one of the most well-known technical analysis and price prediction websites, Shiba Inu token prices are expected to continue rising and reach $0.00006 by mid-2026.
CryptocurrencyPricePrediction, another technical analysis and price prediction website, has the most bullish projections for Shiba Inu price performance over the next decade.
Even their analysis does not predict that the token will ever reach $1. According to the website’s analysis, the SHIB token’s price could reach $0.00043 in the next five years.
Will it continue to rise, or will Shiba Inu be worth less in ten years?
Check out this Shiba Inu calculator to estimate how much SHIB you would need to become rich.
Where will Shiba Inu token be in 10 years?
The long-term trader attitude toward Shiba Inu is positive, and several expert analyses indicate that SHIB token values will rise in the near future.
As Green has stated, SHIB tokens have no actual value, and projecting their price for the next ten years would be a huge gamble. It doesn’t help that we’ve only been here for ten months and don’t have enough information to make educated guesses.
At the moment, the most we can do is examine the factors that various experts and investors believe will influence its price increase or decrease. The most common are as follows:
The FOMO is real
Prior to April 2020, Shiba Inu reported low trading volumes. Another Memecoin was not in high demand. However, as it grew and its price increased by more than 500,000%, it drew a lot of attention from speculative investors who didn’t want to miss out on the action.
They are expected to have an ongoing impact on SHIB token prices in the future.
After Elon Musk tweeted about and bought a Shiba Inu puppy token prices skyrocketed, reaching an all-time high of $0.0000388 three days later (May 10th).
It’s impossible to predict how various celebrities’ and respected entrepreneurs’ contributions (or lack thereof) will affect SHIB token pricing in the future.
Shiba Inu was created with the intention of outperforming Dogecoin in terms of market capitalization and community. As a result, Shiba Inu prices should rise in lockstep with Dogecoin prices.
Is Shiba Inu a good long term investment?
Shiba Inu, interestingly, started as a joke and evolved to compete with Dogecoin’s popularity. However, it is far from a joke at the moment. Its creators created the Shibaswap decentralized exchange and successfully listed the tokens on major exchanges.
The success of the exchange and popular listing will determine whether Shiba Inu becomes a long-term brand or fades away from the crypto scene.
Assume Shiba Inu prices rise to $0.00004 by December 2026, as predicted by CryptocurrencyPricePrediction.com.
This equates to a 507 percent price increase. If you invested $1,000 in Shiba Inu today, it would be worth $5,070.
Although the 507 percent price increase in this example does not compare to the coin’s spectacular rise over the last three months, it is still favorable, making SHIB token a wise long-term investment.
According to trader sentiments, crypto expert analysis, and investor perspectives, Shiba Inu token prices are expected to rise further, making it a solid long-term investment.
Nobody can predict what Shibu Inu will be worth in the next 5 or 10 years due to the numerous factors that influence its price movement. At the time of this article Shiba Inu had a market cap of $10B, which puts it at number 20, ahead of projects like Polygon, Cosmos and Axie Infinity.
A tweet from Elon could send it to the moon or crashing back to Earth, but the reality is that Shiba Inu may be here to stay.
If you liked this post please share it with your friends, but also remember that this isn’t investment advise.
Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.