This adorable dog-themed coin needs little introduction. What you may not have known is that, until yesterday, it had just completed its longest stretch without a decline since October 2021.
Shiba Inu has climbed on the back of a strong focus on token burns — including a scheduled Burn Party on Valentine’s Day — growing payment partnerships, and active development of the SHIBVERSE.
If you’re curious about its unique features and want to learn how and where to buy Shiba Inu, this guide will help.
Best places to buy Shiba Inu right now
What is Shiba Inu?
Shiba Inu was created by the pseudonymous Ryoshi in August 2020. Ryoshi described themselves as “no one” and warned that attempts to unmask their identity, even if successful, would be disappointing.
This meme coin quickly gained traction and value as a community of investors rallied around its cute branding, amplified by headlines and tweets from influencers such as Elon Musk and Vitalik Buterin.
Once one of many meme coins, Shiba Inu’s popularity surged after Vitalik Buterin burned the portion of SHIB he had received from Ryoshi — a move that removed a significant supply and would later be worth billions as SHIB’s price rose.
Should I buy Shiba Inu today?
Cryptocurrency markets are notoriously difficult to predict. You should not make any financial decisions without conducting thorough market research. Only invest amounts you can afford to lose.
Shiba Inu price predictions
Crowd Wisdom lists a range of SHIB price predictions for 2025 from various apps and websites: 0.07, 0.00054, 0.00007, 0.00014, 0.00013, 0.0014, 0.00017, 0.0002, and 0.000049.
The average of these estimates is approximately 0.008, about four times the current price. The highest projected value is 0.07, while the lowest is 0.000049.
Shiba Inu on social media
$SHIB: on the short (1h candle) it has been moving sideways for a week within the rectangle between 23.6% and 50% FIBO; usually at this level it rises toward the 0.000022$ area, stop of course under 0.000020$ #shibainu #SHIB #Crypto #cryptocurrecy #trading pic.twitter.com/Mnk4njeI3Q
— MarkRoboTS (@markrobots) January 31, 2022