Where is Shiba Inu and Dogecoin Headed in 2025? Will They Exist?
In 2020 and 2021, Shiba Inu and DOGE rocked the financial ecosystem. But not anymore!
If you are a long-time investor, then you might know how much the stock market meant at the beginning of the 21st century. But in the digital world we live in, cryptocurrency has lapped the traditional income source many times over. While the introduction of Bitcoin and Ethereum was considered a big disruption, memecoins like Shiba Inu and Dogecoin left many people in awe. In 2020 and 2021, SHIB and DOGE rocked the financial ecosystem. But since we entered 2022, things are not very smooth for the cryptocurrency market. Including Shiba Inu and Dogecoin, many digital tokens are in limbo.
Dogecoin evolved from being little more than a well-known memecoin in 2013 to a popular investment model recently. For many cryptocurrency investors, DOGE is the foremost dog-themed token that brought in the concept of memecoin. Although Dogecoin has existed for a long time, it gained prominence only in 2020 after garnering attention from celebrities and big names like Elon Musk and Mark Cuban. Owing to the success of the first memecoin, other tokens like Shiba Inu, Safemoon, Baby Doge, etc started emerging from the cryptocurrency sphere. Among the many memecoins out in the market, SHIB gained maximum popularity in a minimum time. It’s sometimes easy to forget that Shiba Inu didn’t exist before August 2020. The memecoin came out of nowhere and became the best-performing cryptocurrency of 2021. But since the beginning of 2022, the decentralized ecosystem is undergoing a rough patch. Starting from Bitcoin to Ripple, every cryptos’ price is on a free fall. Shiba Inu and Dogecoin are no different. At a time when everything seems dark, experts debate over whether SHIB and DOGE will exist or not in the next three years.
Shiba Inu to Reach US$100 Billion?
In a span of 15 months, Shiba Inu recorded a whopping 17,300,000% growth. Currently, Shiba Inu is positioned at the 15th position with a market capitalization of US$13.83 billion. To reach a US$100 billion market cap, SHIB has to soar more than 8x in the next three years. However, if we compare the history and previous growth of the Dogecoin competitor, this might seem simple. Unfortunately, experts opine that Shiba Inu going on another price rally is heavily unlikely.
But the Shiba Inu community is trying its best to make the cryptocurrency gain value. They are coming up with burning solutions to create supply-demand, which could eventually drive the token’s price. However, there is no assurance that this could help SHIB touch US$100 billion. The memecoin has to big leap in order to achieve this mark.
A rough roadmap to the future: According to experts, this is how Shiba Inu will take shape in the coming years.
- 2022- Despite the loss of interest in the cryptocurrency sphere, people will still buy and hold SHIB.
- 2023- If Shibverse and ShibaSwap manage to become successful, Shiba Inu’s price will reach US$0.000040.
- 2025- The introduction of SHIB in Metaverse and decentralized exchanges is expected to give a big boost to the token.
Why SHIB Will Disappear?
To begin with, critics say that Shiba Inu doesn’t have any real value and the current growth it enjoys is purely due to speculations. The October price rally was triggered by rumors that SHIB will be listed on the Robinhood platform.
On the other hand, the Shib Army is engaging in the burning process, which is not giving the result they expect. Despite destroying tokens in large numbers, the demand is still falling at a potentially higher rate. The singularity in SHIB is extremely lacking. For example, it was reported that Shiba Inu’s developers are ready to wait for ETH’s planned upgrade to resolve the fundamental challenges. Besides, owing to the reduction in buying and trading of the SHIB tokens, the cryptocurrency is gradually losing its popularity and face.
The Two Sides of Dogecoin
Similar to Shiba Inu, experts predict two extremes for Dogecoin. Despite being the foremost memecoin, DOGE is continuously drifting downwards. According to a prediction by LongForestcast, Doge will start 2025 at US$0.14 before rising to US$0.17 in March.
Contradicting this, some experts say that Dogeocin’s unlimited supply, limited utility, no fundamental trigger, lack of uniqueness, and loss of popularity will make investors ditch the memecoin.
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