If we attempt to model SHIB after Bitcoin’s Bitcoin’s 3-year average yearly growth of 75%, we get into some ridicuous numbers if we give SHIB three decades to grow—it would grow from $0.00000608 to $4.14. While this doesn’t seem too high, it’s important to consider what this means in terms of market cap. After 24 years, SHIB’s price would grow by 68,092,000% if it were to follow Bitcoin’s huge growth. This would imply a market capitalization of $2.44 quadrillion, which is magnitudes more than the available money in the world.
Price catalysts for Shiba Inu’s long-term growth
One of the most important potential price catalysts for Shiba Inu is the recently launched SHIB token burn process, which rolled out as a part of the Shibarium platform during the summer of 2023. Shibarium is a layer 2 solution for Shiba Inu that makes transactions faster and cheaper.
Shibarium burns SHIB as a part of each transaction made. Many analysts believe that this will drastically reduce the high token supply of Shiba Inu (589 trillion as of February 2025) over time and introduce deflationary pressure on the token’s price. The extent to which this could impact the value of SHIB remains to be seen, as it is impossible to predict how many SHIB will be burned once the Shibarum mainnet becomes more widely used. Some investors believe that Shiba Inu could become the next crypto to explode and reach the 1 cent or even $1 milestone thanks to Shibarium burns.
The bottom line: Shiba Inu coin’s price could very well explode in the future
While it’s impossible to predict Shiba Inu’s future price movements with certainty, it is safe to assume that the value of Shiba Inu will continue to grow, especially if crypto continues to gain traction among the mainstream crowd and the launch of Shibarium turns out to be a success.
If you are interested in shorter time frames instead, we suggest you follow our Shiba Inu price prediction that showcases potential price movements for a 5-day to a 1-year time period.
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