Shiba Inu Coin (SHIB) Price Prediction 2025-2030: Should you go long on SHIB?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Shiba Inu (SHIB) is one of the most popular meme coins named after a breed of Japanese dog. It is today touted as a “Dogecoin killer” and is the second most popular memecoin. Today, SHIB is one of the top 15 cryptocurrencies in existence.

Shiba Inu was established in 2020 by an anonymous developer and has grown over the last two years. Tech billionaires like Elon Musk and Vitalik Buterin have also backed it. Shiba Inu is luring those who previously missed the Dogecoin frenzy.

Not meant to be taken seriously, meme coins have gained currency as investors want to join in on the joke.

Here’s AMBCrypto’s Price Prediction for Shiba Inu [SHIB] for 2023-24

Built on the Ethereum blockchain, SHIB is an ERC-20 token that gives tough competition to DOGE, the pioneering memecoin itself. 

Memecoins weren’t meant to be reckoned with seriously but have caught on when investors begin to take an interest to get in on the joke.

Shiba Inu initially began its journey with a supply of one quadrillion. 50% of this supply was locked and the rest of it was burned to Vitalik Buterin, Ethereum’s founder.

Soon, the memecoin will migrate to layer-2 following the Shibarium update.

Shiba Inu has been known to be a disrupter when it comes to management and operations. The enterprise began with a supply of one quadrillion; its founder Ryoshi first locked 50% in Uniswap and then burned another 50% to Vitalik Buterin, the founder of Ethereum. We are yet to know why this step was taken.

Later in 2021, Buterin decided to burn 90% of his Shiba Inu holdings and donate the rest to charities. He had earlier