Key Takeaways
Shiba Inu’s SHIB crypto took advantage of the memecoin price surge and entered the top 10 cryptocurrencies by market cap in March 2024.
Since then, it has slowed somewhat, exiting the top 10 cryptos and accelerating its downward movement in 2025.
The crypto hit the headlines when the platform’s lead developer, Shytoshi Kusama, announced they were stepping down as “head visionary” of Shiba Inu in January 2025.
Let’s examine our price predictions for Shiba Inu on May 8, 2025. We will also investigate the SHIB price history and discuss what SHIB is and does.
Here are the SHIB price predictions from CCN on May 8, 2025. Price forecasts should be taken cautiously, especially for something as volatile as crypto. Our Shiba Inu crypto price predictions will use the wave count method to predict its future movement.
The minimum and maximum targets will depend on the price movement during the year.
Minimum SHIB Price Prediction | Average SHIB Price Prediction | Maximum SHIB Price Prediction | |
---|---|---|---|
2024 | $0.0000029 | $0.0000050 | $0.0000251 |
2025 | $0.0000029 | $0.0000038 | $0.0000058 |
2030 | $0.0000019 | $0.0000061 | $0.0000161 |
The most likely wave count suggests SHIB has been correcting inside a W-X-Y structure since its all-time high in 2021.
If the count is accurate, Shiba Inu is currently in wave Y of this structure, which could end at $0.0000029.
The Fib time zone tool suggests SHIB will reach its low in July 2026.
The wave count method gives a target of $0.0000050 for the end of 2025.
Then, we will use the daily rate of increase for the past two years and project it from the $0.0000029 low to figure out the SHIB price at the end of 2026 and 2030.
Shiba Inu has increased by 50% since May 2023, with a daily rate of 0.07%. Projecting this rate of increase forward leads to SHIB price predictions of $0.0000038 and $0.0000061 for the end of 2026 and 2030, respectively.
The wave count method gives a SHIB price prediction range between $0.0000029 and $0.0000251 for 2025.
The wave count method combined with the daily rate of increase gives a SHIB price prediction range between $0.0000029 and $0.0000058 for the end of 2026.
The wave count method combined with the daily rate of increase gives a SHIB price prediction range between $0.0000019 and $0.0000161 for the end of 2030.
Shiba Inu Price Analysis
The daily time frame chart gives a mixed SHIB analysis. On May 3, the price broke down from an ascending support trend line but has regained its footing.
Moreover, SHIB trades in the upper portion of a horizontal range between $0.0000118 and $0.0000142, making a retest of the range high likely.
Furthermore, technical indicators are leaning bullish. The Relative Strength Index (RSI) is above 50 while the Moving Average Convergence/Divergence (MACD) is positive.
So, the most likely SHIB prediction is an increase toward the $0.0000142 resistance area, validating the ascending support trend line.
The SHIB price prediction for the next 24 hours is bullish. SHIB will likely increase until it reaches the $0.0000142 resistance level.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On May 8, 2025, SHIB’s weekly ATR was 0.00000328, implying low-to-average volatility.
The Relative Strength Index (RSI) is a momentum indicator that traders use to determine whether an asset is overbought or oversold.
Movements above and below the 50 line also indicate whether the trend is bullish or bearish.
On May 8, 2025, the Shiba Inu RSI was 43, indicating a bearish trend.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes.
On May 8, 2025, SHIB scored 26.9 on the CCN Index, suggesting weak momentum.
We looked at the SHIB price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy SHIB.
Time to Buy SHIB | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Saturday |
Best Week | 5 |
Best Month | January |
Best Quarter | Third |
Let’s look at some key dates in the Shiba Inu price history.
While past performance is not an indicator of future results, knowing what the coin has done can help give context when making or interpreting a Shiba Inu price prediction.
Time period | Shiba Inu price |
---|---|
Last week (May 1, 2025) | $0.0000134 |
Last month (April 8, 2025) | $0.0000112 |
Three months ago (Feb. 8, 2025) | $0.0000151 |
One year ago (May 8, 2024) | $0.0000221 |
Launch price (Aug. 2, 2020) | $0.000000001009 |
All-time high (Oct. 28, 2021) | $0.0000792 |
All-time low (Aug. 2, 2020) | $0.000000001009 |
The market capitalization, or market cap, is the sum of the total number of SHIB in circulation multiplied by its price.
On May 8, 2025, Shiba Inu’s market cap was $7,931 billion, making it the 21st-largest crypto by that metric.
On May 8, 2025, a wallet held more than 40% of the supply of SHIB.
As of May 8, 2025, the five wallets with the most SHIB were:
Supply and distribution | Figures |
---|---|
Total supply | 589,508,370,476,139 |
Circulating supply as of May 8, 2025 | 589,249,143,397,410 (99.95% of total supply) |
Holder distribution as of May 8, 2025 | Top 10 holders own 61.86% of the total supply |
In its technical documentation or whitepaper , Shiba Inu says its community runs it.
It says: “Projects built on the foundation of community involvement are the untamed wilderness of our future. As we move further away from rigid social structures and traditional mindsets, we become free to discover new ways to solve problems and relate to one another.”
If imitation is the sincerest form of flattery, then Dogecoin (DOGE) founders Billy Markus and Jackson Palmer can consider themselves the most flattered men in crypto.
After their coin started to gain traction in 2020, the crypto market found itself submerged in dog coins, cryptos that all used canines as their mascots and seemed to have very little utility. Shiba Inu (SHIB) is the first and most successful of these.
The pseudonymous Ryoshi created Shiba Inu, which entered the open market in mid-2020, just as DOGE became a major player. The idea behind SHIB is that it is a crypto entirely decentralized and controlled by its community.
The Shiba Inu platform initially existed to support the SHIB token. Still, as time passed, it incorporated a non-fungible token (NFT) facility called the Shiba Incubator and a decentralized exchange (DEX) called ShibaSwap.
The Shiba Inu network supports two other cryptocurrencies in addition to SHIB. BONE helps govern the ShibaSwap exchange, while LEASH was initially designed to be pegged to the value of DOGE.
SHIB is the self-proclaimed “Doge Killer,” although, in truth, it does seem that there is enough space in the market for the two memecoins. While SHIB does not seem to have that many real-world uses, it has proven to be favored over the last two years and is now in the top 10 cryptos by market cap, which is not bad considering that it is, at heart, a parody of a parody. With SHIB’s success, other memecoins have entered the market, although none have had anything like its success.
However, we don’t know what will happen in the future. While it appears to have avoided the gaze of regulators so far, there is always the risk that crypto with a massively low price point and little actual utility could collapse and burn. As with crypto, you must do research before investing in SHIB.
No one can say right now. The price predictions are mixed, and you should remember that prices can and do go down and up.
Before you decide whether or not to invest in Shiba Inu, you will need to do your research, not only on SHIB but on other similar coins and tokens, such as Dogecoin. More importantly, you must ensure you never invest more money than you can afford to lose.
Our price predictions suggest Shiba Inu will not reach $0.01 soon.
Shiba Inu helps power the Shibarium platform. It is also stores value. People can also buy, sell, and trade it on exchanges.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and does not offer trading or investing recommendations. We do not make any warranties about this information’s completeness, reliability, and accuracy. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.