2024 has been a great year for cryptocurrency enthusiasts, particularly for those who hold Bitcoin and Shiba Inu. The industry leader Bitcoin has achieved a 130% hike, while the popular meme coin Shiba Inu has gained over 180%. Shiba Inu is one of the most-talked-about meme coins in the crypto sphere. It began as a meme coin, but within a few months, it gathered significant popularity and an active community, which made Shiba Inu a crucial player in the crypto sphere. However, Shiba Inu is currently trading 65% below its all-time high. Due to its growing popularity, many individuals want to know the future price movements of Shiba Inu.
In this article, we will discuss whether Shiba Inu will reach $1 in 2025 or not.
What is Shiba Inu?
Shiba Inu is an Ethereum-based decentralized cryptocurrency that was created in August 2020 by an unknown person or group using the pseudonym ‘Ryoshi’. It operates on the Ethereum blockchain and is often referred to as a ‘meme coin’, designed to be an alternative to Dogecoin (DOGE). With an initial supply of one quadrillion tokens, SHIG gained popularity due to its playful branding and strong community support, known as the SHIBArmy.
The Shiba Inu ecosystem includes features such as ShibaSwap, a decentralized exchange for trading and staking tokens, and plans for NFT platforms and governance systems. Despite its meme origins, SHIB has attracted significant attention and investment, becoming one of the most recognized cryptocurrencies globally.
The Shiba Inu Ecosystem
SHIB is a deflationary token developed to be used as a medium of exchange and store of value. The SHIB ecosystem involved three tokens, as follows:
Shiba Inu (SHIB): SHIB is the prevailing token of this project, which had a total supply of 1 quadrillion (equal to 1,000 trillion) tokens when it was launched. The token can be exchanged using any ERC-20 tokens of the Ethereum network.
Leash (LEASH): This second token in the Shiba Inu ecosystem, has a total supply of 107,646 tokens. The leash is mainly used for rewarding ecosystem services with perks.
Bone (BONE): It has a total supply of 250,000,000 tokens and is only available in the ShobaSwap exchange. BONE was created to remove the circulation supply gap between the other two tokens.
Tokenomics
Token Name: Shiba Inu
Symbol: SHIB
Initial Supply: 1,000 Trillion
Circulating Supply: 589 Trillion (including 8 trillion staked)
Can Shiba Inu reach $1 in 2025?
Possibly the biggest obstacle to Shiba Inu reaching $1 is its vast availability. These are 589.3 trillion tokens in circulation as of this writing. Shiba Inu has a market valuation of roughly $18 billion at the current token price. Its market capitalization would be $589.3 trillion for $1 per token. Simply put, there is no possibility that Shiba Inu will increase to $1 per token at the current market rate.
The Shiba Inu community is working hard to reduce its supply by burning tokens, removing them from the market forever. The simplest way for investors to participate is by transferring their tokens to a dead wallet, making them cannot be retrieved.
According to the current market capitalization of Shiba Inu, investors will need to burn 99.99998% of SHIB tokens to increase the price per token to $1. Therefore, practically all of the 589.3 trillion tokens that are presently in use must vanish, leaving only 18 billion. In the last month, just 3.7 billion tokens were burned. About 44 billion will be burnt in 2025 if that rate keeps up, which is far less than what will be needed to raise Shiba Inu to $1 per token the following year.
Shiba Inu Price Prediction for 2025
According to financial experts, in 2025, Shiba Inu will behave very differently. Based on the predictions, the price of SHIB can drop to a minimum of $0.0000159 and can reach a maximum of $0.0000490. The average trading price will be around $0.0000317 in 2025.
| Minimum Price | Average Price | Maximum Price |
| $0.0000159 | $0.0000317 | $0.0000490 |
How to Purchase Shiba Inu?
Investors can purchase Shiba Inu using both centralized and decentralized crypto exchanges. Shiba Inu tokens are available on most major exchanges, such as Binance, CoinBase, and KuCoin. If you want to purchase SHIB through a centralized exchange, you must complete the KYC verification process. As a part of the KYC verification process, you will have to provide your personal information, including name, phone number, date of birth, email address, and more.
Alternatively, you can purchase SHIB tokens through decentralized exchanges such as Komodo Wallet. It is a non-custodial wallet that supports many prevalent meme coins like SHIB, DOGE, BONE, LEASH, CUMMIES, GM, and more. Komodo wallet allows you to trade cryptocurrencies across multiple blockchain protocols like Bitcoin, Ethereum, and BNB Chain.
Conclusion
Shiba Inu (SHIB) has emerged as a notable player in the cryptocurrency landscape since its inception in 2020. Initially, launched as a meme coin, it has gained a passionate community and exploded its ecosystem with features like ShibaSwap and plans for NFTs. However, the question of whether SHIB can reach $1 by 2025 remains doubtful. While Shiba Inu is unlikely to reach $1 by 2025, its evolution within the crypto space will be worth watching for enthusiasts and investors alike.