Are you thinking about buying Shiba Inu Coin (SHIB) but don’t know where to start? You’re not alone! Many beginners struggle with choosing the right platform, avoiding high fees, and staying safe from scams.
If you don’t know how to buy Shiba Inu Coin, you could miss out on potential profits while others jump in. This guide will make it easier for you.
Here you will learn:
- The step-by-step process to buy Shiba Inu Coin safely.
- Will Shiba Inu Coin reach $1 or 1 cent?
- The latest Shiba Inu news and price prediction.
So, let’s get started!
What is Shiba Inu Coin?
Shiba Inu Coin (SHIB) is a decentralized cryptocurrency launched in 2020. It was created as an alternative to Dogecoin and gained popularity as a meme coin.
Unlike Bitcoin, which has a limited supply, SHIB has a large supply. This makes it less valuable but accessible to many investors.
Shiba Inu was inspired by Dogecoin but there are key differences. While Dogecoin started as a joke, SHIB aims to build a full ecosystem, including a decentralized exchange called ShibaSwap.
SHIB runs on the Ethereum blockchain. This means it supports smart contracts, allowing developers to create NFTs, staking platforms, and other crypto projects.
The coin’s popularity grew due to community hype and celebrity endorsements. Many investors bought SHIB in hopes of big returns, just like early Dogecoin holders.
Unlike traditional investments, SHIB’s value depends on demand, burn, and adoption. Investors speculate whether it could reach $1 or 1 cent.
Dogecoin and SHIB have similar origins, but SHIB focuses more on development. Its growing ecosystem and token-burning mechanism make it different. If you’re considering SHIB, it’s important to understand its purpose and risks before investing.
Why Should You Buy Shiba Inu Coins?
Shiba Inu Coin (SHIB) has gained attention for several reasons. Here’s why you should buy Shiba Inu Coin:
- Strong community support: Shiba Inu has a dedicated community, often referred to as the “SHIBArmy.” This strong support could influence its growth.
- Potential for high returns: Early investors have seen significant profits. For example, a $1,000 investment in 2020 could now be worth millions of dollars.
- Increasing acceptance: More businesses are accepting Shiba Inu as a form of payment. This increased acceptance could increase its value.
- Evolving ecosystem: Shiba Inu is moving beyond being just a meme coin. It now includes features like ShibaSwap, a decentralized exchange.
- Low entry barrier: Shiba Inu’s low price per token allows investors to purchase large amounts without significant capital. This accessibility appeals to many people.
- Media attention: High-profile endorsements and media coverage have drawn attention to Shiba Inu. This visibility may attract new investors.
Before investing, consider your risk tolerance and do thorough research. Cryptocurrency investments carry inherent risks.
How to Buy Shiba Inu Coin: A Step-by-Step Guide
If you are thinking about buying SHIB, you need to do it the right way. Here’s a step by step guide on how to buy Shiba Inu coin safely and easily.
Step 1: Choose a reliable crypto exchange – First, you need a platform where SHIB is available. Popular options include Binance, Coinbase, Kraken, and WazirX. Make sure the exchange is safe, supports your country, and offers easy deposit options.
Step 2: Create and verify your account – Sign up using your email or phone number. Most exchanges require identity verification (KYC) to prevent fraud. This means uploading an ID and taking a selfie.
Step 3: Deposit (fiat or crypto) – Before you can buy SHIB, you need money in your account. You can deposit fiat (USD, INR, EUR) via bank transfer, debit card, or PayPal. If you already have crypto, you can transfer Bitcoin or Ethereum to trade for SHIB.
Step 4: Search for Shiba Inu Coin (SHIB) and place an order – Go to the trading section of the exchange and search for “SHIB”. Choose a trading pair like SHIB/USDT or SHIB/INR depending on what you have deposited. Choose the amount and place your buy order.
Step 5: Store your SHIB in a secure wallet – After purchasing, you can keep SHIB in your exchange wallet. For better security, transfer it to a hot wallet (online, easy access) or a cold wallet (offline, safe from hacks).
Step 6: Monitor your investment and stay updated – Crypto prices change quickly. Track SHIB price fluctuations and news updates. Follow trusted crypto websites, Reddit forums, and official Shiba Inu news and announcements.
That’s it! Now you know how to buy Shiba Inu coin and keep it safe.
Also read: 5 Reasons Why IUL Is a Bad Investment?
Will Shiba Inu Coin Reach $1?
Now many investors wonder, “Will Shiba Inu coin reach $1?” The answer is it’s very unlikely! Let’s understand why:
I. SHIB’s huge supply is a big problem
Shiba Inu started with 1 quadrillion tokens. Right now, about 589 trillion are still in circulation. For SHIB to reach $1 per token, its total market value would need to be $589 trillion. That’s more than the entire global economy! Even the biggest cryptocurrency Bitcoin is worth less than $1.5 trillion.
II. Token burning helps, but it’s not enough
Shiba Inu burns tokens to reduce the supply and increase the price. Over 410 trillion SHIB have already been burned, but it’s still not enough. For SHIB to reach $1, almost all tokens would have to be removed from circulation, which isn’t realistic.
III. Supply and demand don’t match
The price of any coin depends on how many people want it versus how many people exist.
Even though Shiba Inu has strong community support, its huge supply makes high prices difficult.
For SHIB to reach $1, demand must be incredibly high, which is unrealistic.
IV. What experts say about SHIB’s future
Crypto experts believe that SHIB’s value can increase, but reaching $1 is unlikely.
- Fresherslive estimates that SHIB could trade between $0.000040301 and $0.000068832 in 2025.
- Coin Craftsman estimates that SHIB’s price will range from $0.0000575 to $0.0000725.
- Cryptopolitan forecasts a $0.000024 to $0.000028 price range for 2025.
Given its high supply and market conditions, reaching $1 is unlikely. However, factors such as demand, token burn, and ecosystem development may influence its future value.
When Will Shiba Inu Reach 1 Cent?
Shiba Inu may not reach $1, but what about 1 cent? Many investors ask, “When will Shiba Inu reach 1 cent?” Let’s analyze the possibilities.
- For SHIB to hit $0.01, its market cap would need to be $5.89 trillion at its current supply. That’s more than Apple, Microsoft, and Bitcoin combined.
- Shiba Inu’s supply is still 589 trillion tokens. If most of these aren’t burned, 1 cent is unrealistic. Some estimates suggest 99% of tokens must be removed for SHIB to reach $0.01.
- Even if demand increases, SHIB’s massive supply makes it hard to sustain a high price. However, if Shibarium and staking reduce tokens in circulation, prices may rise.
Realistically, SHIB won’t hit 1 cent soon, unless extreme token burns happen. If supply drastically shrinks, it may be possible in the long run—but not by 2025.
Will Shiba Inu Go Up? Expert Price Predictions
After discussing Shiba Inu’s potential to reach $1 and 1 cent, let’s now explore expert predictions on whether SHIB’s price will go up.
- Forbes Analysis: As of January 2025, Forbes reported that SHIB’s price had risen by 24% over six months, reaching $0.00002153. They suggest that with favorable market conditions and ecosystem developments, SHIB could reach between $0.0001 and $0.0003 by 2025.
- Alan Santana’s Perspective: Market analyst Alan Santana predicts that SHIB could achieve price milestones of $0.00005, $0.0001, and even $0.0002 by 2025, based on technical analysis and market trends.
Here are the key factors that influence SHIB’s price:
- Ecosystem Developments: Projects like Shibarium aim to increase SHIB’s utility, potentially boosting its value.
- Market Conditions: The overall health of the crypto market and investor sentiment play significant roles in SHIB’s price movements.
- Regulatory Landscape: Changes in regulations can impact the broader adoption and price of cryptocurrencies like SHIB.
While SHIB has shown growth and experts provide optimistic forecasts, it’s essential to approach these predictions with caution. The cryptocurrency market is highly volatile, and various factors can influence price movements.
Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
Please note that cryptocurrency investments carry inherent risks, and past performance is not indicative of future results.
Final Words
Now you have a clear idea of how to buy Shiba Inu Coin and what its future might look like.
Whether you’re a new investor or a long-time SHIB supporter, the decision to invest should always be based on research and realistic expectations.
We explored the big question: Can Shiba Inu reach $1 or even 1 cent? The chances of SHIB hitting $1 are extremely low due to its massive supply, but reaching 1 cent is possible with aggressive token burns and strong demand.
So, will Shiba Inu go up? It depends on market trends, investor interest, and ecosystem growth.
Some experts see potential, but crypto is unpredictable, and price swings are part of the game.
If you’re planning to invest, stay informed, track Shiba Inu news, and always invest wisely.
The crypto market moves fast—being aware is your best advantage.
Also read: XRP Price Today, News and Live Chart 2025
FAQs about Shibu Inu Coins
1. Will Shiba Inu Coin reach $1?
No, it’s highly unlikely. SHIB’s massive supply makes a $1 price unrealistic. For it to happen, its market cap would need to surpass the entire global economy.
2. How to buy Shiba Inu Coin?
You can buy Shiba Inu Coin on major crypto exchanges like Binance, Coinbase, and Kraken. Create an account, deposit funds, search for SHIB, and complete your purchase. Store it in a secure wallet.
3. Will Shiba Inu go up?
Shiba Inu’s price depends on market demand, token burns, and overall crypto trends. Some experts predict moderate growth, but crypto is highly volatile.
4. When will Shiba Inu reach 1 cent?
Reaching 1 cent is possible but challenging. It would require massive token burns and a surge in demand. Some predictions suggest SHIB could reach closer to $0.0001 in the coming years.
5. Can Shiba Inu reach 1 cent?
It’s possible if supply is reduced and demand increases significantly. However, it would still require a major shift in market conditions.
6. What is the latest Shiba Inu Coin price?
Shiba Inu’s price constantly changes. Check live updates on platforms like CoinMarketCap or CoinGecko for real-time data.
7. Where can I check Shiba Inu news?
For updates on SHIB’s price, developments, and market trends, follow official sources like Shiba Inu’s Twitter, CoinGecko, and crypto news sites.