Shiba Inu ($SHIB ) is trading at approximately $0.00001445, experiencing a slight decrease of 0.02% over the past 24 hours. The token has shown resilience, maintaining support around the $0.00001440 level despite recent volatility. Notably, over 1.13 million wallets have held SHIB for more than a year, indicating strong holder confidence .

šŸ”® Price Predictions

  • Short-Term Outlook: Analysts predict that SHIB could reach an average price of $0.00001551 by May 31, 2025, representing a modest 0.5% increase .

  • Mid-Term Forecasts:

  • Changelly anticipates SHIB trading between $0.0000136 and $0.0000163 in May, with a potential ROI of -4.1% .

  • Long-Term Projections:

  • AI models like ChatGPT and Grok suggest that SHIB could reach $0.0023 between 2028 and 2035, assuming significant token burns and widespread adoption. Reaching $0.047 would require even more substantial supply reductions, potentially occurring between 2035 and 2045 .

šŸ“Š Technical Indicators

  • Golden Cross Alert: SHIB has recently triggered a ā€œgolden cross,ā€ where the 50-day moving average crosses above the 200-day moving average, typically signalling potential bullish momentum .

  • Volume Surge: A significant increase in trading volume, reaching 2.83 trillion, accompanied SHIBā€™s recent price rebound from lows around $0.0000143 to above $0.0000151 .

šŸ§± Ecosystem Developments

The Shiba Inu ecosystem continues to evolve, with ongoing updates to the Shibarium blockchain aimed at enhancing decentralization and utility beyond its meme origins. These developments are part of the teamā€™s strategy to solidify SHIBā€™s position in the broader crypto market.