Dogecoin and Shiba Inu Price Prediction: Dogecoin (DOGE) and Shiba Inu (SHIB) have both fallen with a single shock in 2022. But experts still say that the popular meme coins will grow by 800% and 575% respectively in three years.
DOGE is down 92% since its all-time high of $0.7315 in May 2021, and is currently trading at $0.0590. SHIB is down 88% from its peak of $0.000008616 last October. According to CoinGecko, at the time of writing, the price of SHIB has increased by 0.4% to $0.0001009.
Mem coins have declined much faster than bitcoin and ethereum, in part pulled by a string of negative economic news over the past few months. Inflation in the world’s largest economy America is running at a 40-year high of 8.2 percent and interest rates are rising.
But at the same time, the market was ready to glean “extras” like DOGE and SHIB. Without utility, meme coins are “examples of speculative hype-coins classified as fun for gamblers on an unprecedented 24/7 global scale,” Bloomberg strategist Mike McGlone said earlier.
Despite the volatility, observers are excited that the two tokens created as satirical online coins will see significant growth over the next three years.
Dogecoin and Shiba Inu: How Much Will They Cost in 2025?
The crypto predictions have a DOGE price forecast for 2022 which sees it trading at an average price of $0.0823 by the end of the year. The token will close in 2023 with a slight decline at $0.0812. It should then be around $0.0727 at the end of 2025, which is 23% higher than the current price of $0.0590.
The price of the Shiba Inu is predicted to end this year at $0.000001308, a rise of 30% from the current price of $0.000001009. The meme coin should climb to $0.00001403 by the end of 2023 before climbing more than 135% to $0.00002377 by the end of 2025.
The Coin Arbitrage bot expects the price of Dogecoin to increase by almost 800% to $0.5236 by the end of 2025 compared to its current price. Based on historical price data from DOGE, the website sees the coin rising by 200% to 0.1818 at the end of next year.
a year from now
It also predicts that a year from now, DOGE will have an average price of $0.2000. In the next three years, the highest price level for Dogecoin is likely to reach $1.1708, and the lowest is $0.0369. By the end of 2026, the coin is projected to grow by over 1,330%.
On SHIB, Coin Arbitrage predicts that the average price will increase by 575% to $0.000006828 by the end of 2025 from its current trading price. While the outlook for the next month is bearish, the simple moving average indicator says “sell”, SHIB will see growth in the coming three years.
The price of the Shiba Inu is expected to climb 134% in 2023, followed by 317% a year later and by less than 1,000% in 2026 to $0.00011050. In the same period, the SHIB is forecast to reach a high of $0.00015270 and a low of $0.000000620.
Digital Coin Price is predicted to reach an average price of $0.2300 by the end of 2025 for Dogecoin, an increase of 290% from its current value. The price will end this year barely moved to $0.0605. DOGE is seen growing by 65% in 2023, rising by 120% to $0.1300 the following year.
The website’s Shiba Inu average price forecast is for 2025 of $0.00002620, which is a 160% increase from the current price of $0.000001009. SHIB expects to see a slight change in price over the next three years when measured against its explosive growth in the past.
In 2023, the digital coin price is projected to increase the token to $0.0000166 by the end of 2024 and then by about 110% to $0.00002130. By the end of this year, the minimum price of the Shiba Inu is expected to reach $0.00000836 and the maximum is $0.00001250. ,
What has changed in the prices of DOGE and SHIB in the past?
Backed by a strong and passionate online community, DOGE and Shiba Inu continue to dominate the global meme coin narrative. Tesla founder Elon Musk loves DOGE. Billionaires often express their support for the dog-inspired coin on Twitter.
Musk is believed to be a top whale in Dogecoin, and has denied that he owns any SHIB. Some analysts say that Musk’s tweets about Dogecoin have minimal impact on DOGE’s market cap, but the coin has reacted every time it receives mentions from the billionaire.
Musk says that even though DOGE was created as a “silly joke, it is better suited for transactions” than bitcoin. Tesla has since started accepting Dogecoin to pay for certain goods. The Elon Musk factor has been instrumental to DOGE’s price action.
The Shiba Inu is heavily supported by the Ethereum whale. According to WhaleStats, the top 100 Shiba Inu holders, minus the exchange address and project wallet, also hold Ethereum. From the list of rich holders, about nine wallets own more than 1% of SHIB’s outstanding supply.
Overall, the top 100 Shiba Inu whales account for 20% of the total supply. On average, each wallet holds 1,967 billion SHIB worth $19.85 million. It seems that no single whale has a monopoly. No one owns more than 10% of the circulating supply.
The data shows that SHIB whales continue to accumulate, indicating that they believe in the future of the asset. This could be important in the future value behavior of the Shiba Inu. As has happened before. A total of 1.23 million Shiba Inu holders have also helped drive up the price.
Shiba Inu made headlines when he sent half of his initial supply of a quadrillion tokens to Vitalik Buterin. The Ethereum co-founder immediately sold about $1 billion worth of SHIB and donated the proceeds to the Epidemic Relief Fund of India.
Moving forward, SHIB is building on strong community support in addition to a series of improvements being made to the network to boost its token value.
On 6 October, the Shiba Eternity game was launched and there are plans to unveil a metaverse and a layer two (L2) solution called Shibarium.
More than 410 trillion Shiba Inu tokens have so far been taken out of circulation in a process known as “burning,” as part of a plan to help increase SHIB value.
“While the two coins will most likely still thrive, my personal opinion puts SHIB ahead of the competition.” Yohannes Christian, research analyst at crypto exchange Bitrue, told BeInCrypto in the past.
“This is due to the fundamentals of the token. While Dogecoin has its own mainnet, SHIB is built on Ethereum, and the transaction speed and cost will become more efficient in the future.
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