Search Inside Bitcoins

Shiba Inu (SHIB) price

The Shiba Inu coin price has risen millions of percent for early investors who entered in 2020. SHIB outperformed every other coin in 2021, reached a market valuation of $30 billion - higher than Deutsche Bank - and at one point broke into the top ten largest cryptos by marketcap, overtaking Litecoin and Dogecoin.
SHIBa inu Price
SHIBa inu Price

Shiba Inu Price Rise

SHIB price all-time growth via Coinbase

Even some Shiba Inu investors that entered in mid-2021 made 5-10x gains if they managed to sell the top. The SHIB coin price today is trading at $0.00005080, after falling by more than 50% from its all-time high.

In this guide we’ll review predictions for the Shiba Inu price and speculate how high the popular meme cryptocurrency could go.

Shiba Inu live price chart

At the time of writing the SHIB price is around $0.00005350, with a 24-hour trading volume of $2,395,808,252. SHIB coin now has a market cap of $28,232,711,841 or 0.96% market domination. The market has one quadrillion SHIB coins in total and 550 Trillion SHIB coins in circulation.

Review the SHIB live price chart on sites like Coinmarketcap or Coingecko for the latest price of Shiba Inu now.

The SHIB crypto is currently ranked 11th behind Dogecoin and Bitcoin, in terms of market capitalization. SHIB token reached an all-time high price of $0.00008616 on October 28, 2021, and a low of $0.000000000056 on November 28, 2020. The token witnessed a sharp rally in recent months, and now may be consolidating or in a correction.

In the short-term e.g. on the daily or weekly timeframe some traders may consider the price action bearish and have decided to sell Shiba Inu. Others with a long-term bullish outlook will be looking to buy the dip and hold SHIB for a re-test of the highs and further price discovery.

Where can I buy Shiba Inu Coin in January 2022?

Shiba InuShiba Inu
Sort By

4 Providers that match your filters

Payment methods





1 or better


1 or better

Coin selection

1 or better


1 or better


for £ 1000 you get
What we like
  • Easiest to deposit
  • Most regulated
  • Copytrade winning investors
Coin selection
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
for £1000 you get
52502285.1620 SHIB

68% of retail CFD accounts lose money.

eToro is our top recommended trading platform for customers looking to buy Shiba Inu. With over 13 million customers and counting, the site is highly popular throughout the world. If you’re buying Shiba Inu for the first time, eToro is the ideal place to start.

Given its decade of trading expertise, eToro has distinguished itself from the plethora of trading platforms available by utilizing a social trading approach to investment and emphasizing user experience.

eToro has successfully transformed the complex and perplexing world of financial speculation into a platform where individuals can interact and learn from one another. The online brokerage provides a diverse range of financial options. 

It is home to several cryptocurrencies, including Shiba Inu. They are available for buying and selling against fiat currency. The trading fees are another advantage of the platform where you may trade without paying fees and use eToro’s Copy Trader function to mimic the actions of top traders. 

eToro is a licensed cryptocurrency broker with operational licenses from the UK, the United States, and Cyprus.

Open eToro Account

Your capital is at risk.

Shiba Inu coin price over the years

Shiba Inu coin value

SHIB price chart on Binance via Tradingview

Shiba Inu was developed in August 2020 by a single or group of individuals known as “Ryoshi.” The initial total quantity of SHIB tokens was one quadrillion or 1,000,000,000,000,000 tokens, and the price was trading at almost zero. However, it was virtually unknown until a few months ago, when Musk tweeted cryptic messages regarding the Shiba Inu puppy.

However, in May 2021, the pseudonymous developer of SHIB known as “Ryoshi” delivered half of the total supply to Vitalik Buterin, one of the co-founders of the Ethereum network, who immediately burnt 90% of his tokens, thereby removing them from circulation. The remaining 10% was donated to charity by Buterin.

In that month, SHIB became one of the most volatile crypto assets. It began on May 11, when the Shiba Inu (SHIB) prices increased 1,953% to $0.00003532 from $0.00000172, but it fell to $0.00000793 in the next three weeks.

The October rise to ATH

October was the month that the SHIB coin’s prices spiked. After months of sluggish trading, the SHIB price soared from $0.00000766 to $0.00002913 on October 13, 2021. SHIB achieved its current all-time high of $0.000089 two weeks later, on October 28. Since then, the market has been in a correction phase, shedding about 50% of its value to $0.00005350.

The market momentum impacting Shiba Inu may be traced mostly to Tesla CEO Elon Musk, who was also responsible for the significant price increase in Dogecoin. Musk’s interest in Dogecoin fuels the market’s enthusiasm for SHIB. Musk also bought a Shiba Inu puppy named Floki Frunkpuppy, which triggered another market spike.

Buy Shiba Inu

Your capital is at risk.

How is the price of Shiba Inu (SHIB) determined?

Supply and demand

SHIB price is influenced by the supply and demand in the market. These markets feature order books with buying and sell orders like the stock markets. An increase in demand for SHIB coins will cause the price to rise, while an increase in sell order supply will cause the price to fall.

Shiba Inu in the media

Shiba Inu was recently in the spotlight due to its meteoric gain of more than 700,000% in a few months. Numerous major media sites included Shiba Inu in their headlines, which encouraged people to purchase more of these tokens, skyrocketing prices.

CNBC and stated that the token has achieved an all-time high of $0.00008845. Additionally, they claimed that despite its status as a meme token, it has garnered considerable attention. According to the news giant, it had exceeded Dogecoin and was now dubbed the ‘Dogecoin Killer .’ 

Meanwhile, Forbes mentioned how the token is becoming more widespread as a result of more individuals investing in it. Additionally, it indicated how an online petition against Robinhood’s acceptance of Shiba affected the pricing, resulting in a massive return of more than 700000%. It ended by stating that the potential of Shiba Inu has not been fully explored and that the token may be a riskier investment at the moment.


Volume plays a major role in determining cryptocurrency prices. An increase in transaction volume results in more stable cryptocurrency values and eliminates the possibility of skewed pricing. However, a low crypto volume indicates the prices will fall or remain flat. 

Social Media

Social media has been a great driver for the price of SHIB. In October 2021, Elon Musk’s tweets heavily impacted the prices of the token. Even an online campaign to sign a petition saying Shiba Inu should be listed on the Robinhood exchange also had a huge impact on Shiba Inu’s prices. 

Shiba Inu (SHIB) mining 

Another determinant for Shiba’s prices is its mining capability. Mining is the process through which new cryptocurrency tokens are created. Cryptocurrency mining entails the use of a computer to validate the next block on the blockchain. Its decentralized network of miners is what enables it to function as it does. In exchange, the protocol generates cryptocurrency tokens in addition to any fees paid to the miners by the trading parties.

Participants invest significant sums of money in high-end hardware and power to mine Shiba Inu. In a proof-of-work system, such as the one used by Shiba Inu, the greater the competition for mining a particular cryptocurrency, the more difficult it is to mine. That is because miners are effectively competing against one another to solve a difficult mathematical problem to verify a block. As a result, the cost of mining grows as more powerful equipment is required to mine effectively.

As mining expenses rise, cryptocurrency prices are set to rise as well. Miners will refrain from mining if the value of the money they are mining is insufficient to cover their expenditures. And, because miners are necessary for the blockchain to function, the price will have to increase as long as there is demand for the blockchain.

Compare Cryptocurrency Brokers

Visit Site

68% of retail CFD accounts lose money.
Visit Site

75% of retail CFD accounts lose money. does not offer accounts to US residents.

Visit Site

74% of retail investor accounts lose money when trading CFDs with this provider.

Visit Site

The price and value of any investment in digital asset products can fluctuate.

Visit Site

The traded price of digital tokens can fluctuate greatly within a short period of time.

Visit Site

Market prices for digital tokens can be volatile and highly unpredictable.

Visit Site

As with any asset, the values of digital currencies may fluctuate significantly.

Visit Site

The value of digital currencies can go up or down frequently.

Visit Site

Trading leveraged products may not be suitable for all investors.

Visit Site

71% of retail CFD accounts lose money.

Visit Site

72% of retail CFD accounts lose money.

Mobile App Rating
Mobile App
Number of Coins
Trading Fees
Deposit Fees
Withdrawal Fees
Min. Deposit
$50$20100 EURN/AN/A$10$10$2N/A$100$100
Leveraged Trading
N/A1 - 30xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1-100x1 - 30x1 - 30x
Bitcoin Cash
Binance Coin
Bitcoin SV
USD Coin
Credit Card
Sepa Transfer

How often does the price of Shiba Inu (SHIB) change?

Shiba Inu coin is a meme coin, but its value has grown as more people flock to this new cryptocurrency. The Shiba Inu crypto price has risen by almost 2,300% in May 2021 alone, valuing the project at moreover $7 billion. While Shiba Inu isn’t the most popular cryptocurrency on the market, it’s evident that cryptocurrency investors are taking it seriously.

So, how often does the price change? Starting in May 2021, the Shiba Inu coin value rose to ATH of $0.00005, followed by a sharp fall up to %0.00000630. The prices remained flat until October when they suddenly saw a jump to $0.00008800, giving more than 700000% gains. 

The reason is the tweets from Tesla CEO Elon Musk and an online campaign for signing the petition to list Shiba Inu on Robinhood exchange. This states that Shiba Inu’s have fluctuated depending upon certain events which are not technical or fundamental. 

The price change was sudden and unexpected, but smart investors caught the trend, and they managed to make huge gains. The market reacted to certain social events, and only those who were active in the market were able to ride the trend. 

Beginner investors may find it difficult to understand how to enter and exit this volatile market, but the following industry experts may help you find the right opportunity to enter and exit the market. InsideBitcoin is one such platform that is focused on actively monitoring the crypto market 24/7. The platform evaluates all the specifics of the market and gives investors the right help for their investments.   

Buy Shiba Inu

Your capital is at risk.

Investing in Shiba Inu coin

In 2021, the crypto industry achieved new milestones, reaching a market value of $2 trillion along with indications of expansion. The token has risen over 700000% so far this year to become one of the most popular cryptocurrencies in the market. Similarly, Shiba Inu also has been one of the top-performing cryptos in 2021.

The token also took over Dogecoin, making it the center of attention in the world of meme coins. However, it has now changed its direction, dropping by 28% since its latest high in late October. As a result, many individuals who bought in early are still sitting on a sizable profit.

Is It Worth Buying Shiba Inu (SHIB) in November 2021?

If you want to buy a Shiba Inu for the best price, 2021 is the year to do it since the SHIB value has been rising since the beginning of the year and is predicted to continue rising until it reaches $1. 

However, investors should keep in mind that the token has been falling since October, and this pattern may continue for some time. It is advisable to do your research or consult an expert before making any investment decision. 

Who should invest in Shiba Inu (SHIB)

Shiba Inu’s enormous gains may make it an appealing investment, but it’s critical to keep an eye on the future.

eToroInvesting in meme dog coins like Shiba Inu is risky, and hence only those with some expertise in the cryptocurrency markets should consider investing in the token.

How to Get Started with Shiba Inu (SHIB) investments

You can get started right away with these three quick steps. Buy Shiba Inu (SHIB)

  • Open an account with eToro – To purchase the Shiba Inu coin, we recommend utilizing the reputable cryptocurrency broker eToro. The regulated platform provides super-low costs, fund safety, several deposit ways, and a comprehensive library of investing options. To begin, go to the eToro website and select ‘Join Now.’
  • Upload ID – As eToro is a licensed broker, you will be required to provide identification. You may upload a copy of your driver’s license or official ID card, along with a copy of a recent utility bill or bank statement.
  • Deposit Funds – Once done with uploading credentials, you can fund your account with the minimum deposit required as per your location. Simply go to ‘Deposit Funds’ and choose your desired deposit method.
  • Buy Shiba Inu (SHIB) – After depositing funds, open eToro and enter ‘SHIB1xM’ into the search field to purchase the Shiba Inu coin. On the first result, click ‘Trade’ and enter the amount you wish to invest in the Shiba Inu currency.

Investing in Shiba Inu coins responsibly

Investing in Shiba Inu comes with a lot of risks. The token has a history of extreme swings that could drain the profits of investors. Therefore, it is advisable to know how crypto markets operate, as well as the market’s fundamentals and technicals.

Here are a few tips that may help you to invest responsibly:

  • Allocate only a small percentage of your portfolio to cryptocurrencies
  • Research before choosing any crypto for investment
  • Choose the best platform to buy crypto
  • Store your cryptocurrency safely with hardware wallets
  • Secure your cryptocurrency by using a VPN

Moreover, it is also suggested to take advice from experts. Following money management and risk management strategies is essential to safeguard your capital. Similarly, research with the help of advanced platforms like InsideBitcoins is recommended. 

Visit eToro

Your capital is at risk.

Shiba Inu coin taxation

Buying and selling cryptocurrency is taxable since the IRS considers it to be property rather than cash. As a result, tax regulations that apply to property transactions (but not real estate transactions), such as selling valuable coins or antique vehicles that can rise in value, also apply to bitcoin, Shiba Inu, and other cryptocurrencies.

Hence, gains made from Shiba Inu or any other crypto are taxable, and failure to declare income may result in fines from the IRS. However, not every aspect of a crypto transaction is taxed, but certain limitations govern every aspect.

According to the IRS, buying Shiba tokens with other crypto or vice versa and receiving mined tokens is taxable. Similarly, selling Shiba Inu (SHIB) for cash or using Shiba to pay for goods and services is also taxable.

However, not every transaction is subject to taxes, and it is exempt if you donate Shiba Inu to a qualified tax-exempt charity or non-profit. Similarly, buying Shiba tokens and holding them or transferring them between wallets is also exempt from tax.

Shiba Inu coin vs other cryptos

Shiba Inu has grown into popularity. The Ethereum based (ERC-20) token is taking the crypto world by storm. Founded in 2020 by a pseudonymous founder called Ryoshi, the token was inspired by Shiba Inu dogs. However, the token does not have any specific use case when compared to Bitcoin or Ethereum.

Moreover, the token has followed a similar pattern as that of Dogecoin. The community behind the Shiba token refers it to as the ‘Dogecoin Killer’. Despite having similarities with Dogecoin, Shiba Inu has managed to surpass it, becoming popular.

Shiba Inu coin vs Dogecoin

Like Shiba Inu, Dogecoin is an open-source, peer-to-peer cryptocurrency also regarded as a meme token. It was launched in December 2013 and had the picture of a Shiba Inu dog as its logo. While it appears to have been designed as a joke, Dogecoin’s blockchain is as good as Litecoin. It employs the scrypt algorithm that is notable for its low price and limitless supply.

Shiba Inu coin vs Ethereum

Ethereum is a blockchain network, and Shiba Inu is based on this network. It is a decentralized public ledger for recording and validating transactions where users may create, publish, monetize, and utilize apps on the platform and uses its native crypto ETH for payment. 

Shiba Inu coin vs Bitcoin

Bitcoin is decentralized digital money that was first introduced in January 2009. It is based on the principles presented in a white paper by the pseudonymous Satoshi Nakamoto. It promises reduced transaction costs than standard online payment channels and, unlike government-issued currencies, is run by a decentralized authority. It is still the gold standard for digital assets such as Shiba Inu.

Day-Trading Shiba Inu (SHIB) vs Long-Term Shiba Inu (SHIB) Investments

Depending on your objectives, the Shiba Inu coin may be used for either long-term investment or day trading.

This coin looks to be well-positioned for long-term growth. This makes it appealing to investors seeking big returns who don’t mind the coin’s potential volatility along the way. However, investors should keep in mind that Shiba Inu is simply one of several cryptocurrencies competing for attention. 

At the same time, Shiba Inu’s volatility makes it a viable short-term trading target. The coin has seen massive price swings in each of the previous weeks, creating possibilities for skilled traders to benefit. However, trading against the present slump should be avoided because there is no certainty that the Shiba Inu coin would retest its recent high.

However, investors have to do due diligence before investing in any cryptocurrency. One must conduct their research and invest based on a few factors like the capital allocation for the trade/investment and availability. 

 The research process may be time-consuming as it requires you to go through a lot of genuine resources. To make things easy, you may consider using professional research platforms like InsideBitcoins. The platform offers comprehensive study instructions on numerous cryptocurrencies and makes the research process simple. The platform allows you to make wise decisions about your investments at the appropriate time.

Moreover, InsideBitcoins continuously monitors the crypto market and provides the best information needed for any individual investor. Additionally, you may seek the assistance of crypto bot traders, which will automate the process of studying and investing at the optimal time and save you time and effort.

Trade Shiba Inu now

Your capital is at risk.

Future Predictions for Shiba Inu coin Price

Shiba Inu Price Forecast 2021

Surprisingly, the year 2020 brought a lot of positive changes to the Shiba network. SHIB coin maintained its upward momentum for 2021. The coin may have hovered around the $0.00000001 price level on exchange last year. The price estimates for the SHIB network for the entire year showed a lot of volatility, with the price jumping to around $0.0000125 in July and then straight to $0.00008616 in October. Since then, prices have dropped more than 50%, and the trend may continue until December end.

Shiba Inu Price Forecast 2022

Keeping up with the same optimistic trend in pricing, there are projections that the price of Shiba Inu will rise even in 2022. Though it is too early to predict whether the Shiba Inu currency will break through the crest, what is certain is that there is light at the end of the tunnel when compared to other meme currencies in the crypto realm. The SHIB  price only shows an upward trend in the fading Pandemic scenario, reaching $0.000020.

Shiba Inu Price Forecast 2023

There is a chance that the SHIBA coin may suffer a loss, but it will be little, sliding to $0.0000185 once more. However, this remains a bleak situation, and some specialists disagree with the volatility syndrome impacting it.

Shiba Inu Price Forecast 2024

It is once again projected that Shiba Inu’s price will rule the crypto kingdom with a performance of $0.000025, even though a jaw-dropping prospect does not exist for the price of Shiba Inu and that bulls will ride the crypto market. This is comparable to the forecast for the end of 2024, demonstrating Shiba tokens’ full capacity to persist and continually increase even in difficult situations.

Shiba Inu Price Forecast 2025 and beyond

The year 2025 may be remembered as the landmark year since the SHIB token price is expected to exceed $0.000033 by all means. With widespread acceptance, the price of SHIB Inu is expected to soar to roughly $0.000040 by 2025, a never-before-seen increase.


Shiba Inu has been dubbed the ‘Dogecoin killer’ since it is based on the same meme but has allowed for decentralized financing. In May 2021, when Dogecoin users began looking for other currencies, the Shiba Inu crypto price surged by 2,300%. Moreover, the Shiba Inu coin price again breached the Dogecoin trend, reaching an all-time high of $0.00008616 in October.

While the cryptocurrency has generated considerable gains, investors should exercise caution in light of the market’s volatility. Social media and other similar events highly influence the current market. Shiba Inu’s prices have only reacted to such events. Hence, it is the responsibility of every investor to research the token before entering the market.

eToro is a regulated exchange to buy Shiba Inu. It’s a social trading platform where traders share their predictions for the Shiba Inu price.

Key Takeaways

  • Shiba Inu coin is one of the best-performing cryptos in 2021
  • Shiba Inu (SHIB/USD) is an Ethereum-based cryptocurrency whose mascot is the Shiba Inu, a Japanese breed of hunting dog.
  • Shiba Inu now has one quadrillion coins in circulation
  • Shiba Inu tokens are not a hoax, but they serve no meaningful use in the cryptocurrency world.
  • Trading or investing in Shiba Inu is riskier, and one must take due diligence before entering the market.

eToro - Our Recommended Crypto Platform

Our Rating

eToro exchange
  • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
  • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
  • Free Demo Account, Social Trading Community
  • Free Secure Wallet - Unlosable Private Key
  • Staking Rewards for holding ETH, ADA or TRX
  • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
eToro exchange
68% of retail investor accounts lose money when trading CFDs with this provider.


Will Shiba Inu coin reach $1?

It's difficult for Shiba Inu coin value to reach the $1 mark since achieving it demands a market capitalization of one quadrillion US dollars, which is not achievable shortly.

Where to buy Shiba Inu coin?

You may buy the Shiba Inu coin through a registered online broker such as eToro, which charges 0% in trading commission. is another option that provides benefits of leverage, trade at 0% commission, and short-selling.

What is Shiba Inu coin?

Shiba Inu coin is an Ethereum-based cryptocurrency whose mascot is the Shiba Inu, a Japanese breed of hunting dog. Shiba Inu is widely regarded as a viable alternative to Dogecoin; in fact, Shiba Inu supporters refer to it as the Dogecoin killer.

Is Shiba Inu coin dead?

Shiba Inu coin is not dead and is actively trading on major cryptocurrency exchanges such as Coinbase, Binance, and eToro. Moreover, the token has surpassed Bitcoin, Ether, and Dogecoin to become the most popular cryptocurrency on Twitter.

How many Shiba Inu coins are there?

Shiba Inu now has one quadrillion coins in circulation. However, 50% of the total SHIB coins have been locked to Uniswap, while the remaining 50% has been burnt to Ethereum co-founder Vitalik Buterin.

Is Shiba Inu coin legit?

Shiba Inu coin is not a hoax, but it serves no meaningful use in the crypto world. The tokens are pre-mined and exist only to make the creators wealthy. However, Shiba Inu is now becoming more popular, with many organizations accepting it as a form of payment.

How to mine Shiba Inu coin?

To begin mining Shiba Inu, you'll need a wallet to collect your SHIB earnings after you've met your payment threshold. You may also need to open an account with a mining service provider to start the process. There are many service providers in the market. However, it is wise to research the platforms to choose the best one.


eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

Buy Crypto

68% of retail investor CFD accounts lose money.

eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.