Key Points

If Shiba Inu speeds up its token-burning process and finds effective methods to increase utility along with wider adoption, the coin's demand may grow substantially.
More established cryptocurrencies present strong competition in areas like value storage and transaction processing.
Even during another wave of meme-token excitement similar to 2021, investors could shift focus toward alternative digital assets.
10 stocks we like better than Shiba Inu ›

Introduced in 2020, Shiba Inu (CRYPTO: SHIB) delivered remarkable profits to its initial investors. Yet those gains now seem distant as the cryptocurrency has declined sharply over recent years.

Some hopeful buyers anticipate a recovery soon. Could this meme coin truly build millionaire wealth for holders?

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »

Image source: Getty Images.

The main growth scenario for Shiba Inu

Although Shiba Inu achieved massive past gains, its prospects appear limited. The price remains 95% below its all-time high as of June 30. Occasional price spikes have not restored much community optimism.

Certain developments might drive future price increases. The project must first ramp up token burns significantly. Over the last 30 days, just 112.4 million tokens were removed from circulation, representing about 0.0002% of total supply annually.

Fresh utilities could also help. If Shibarium Layer-2 network, the ShibaSwap exchange, Shib Metaverse project, or other tools deliver real benefits, token demand might increase.

A renewed meme-token surge remains possible too. Similar to 2021 conditions, market enthusiasm could direct funds toward speculative assets, potentially benefiting Shiba Inu if capital flows its way.

Strong rivals across multiple categories

Shiba Inu supporters await improvement, yet challenges persist.

Rivalry exists everywhere. Bitcoin's fixed supply of 21 million coins creates scarcity that Shiba Inu lacks with its 589 trillion tokens, ruling out serious store-of-value status.

Payment applications face hurdles as well. Blockchains such as Solana and XRP attract institutional interest due to speed and low costs, leaving Shiba Inu far behind. Stablecoins continue drawing investment too.

Another meme-coin frenzy could still provide temporary momentum. However, risk-tolerant traders now have many choices including Dogecoin, MemeCore, and Pepe that may draw attention instead.

Shiba Inu has dropped 95% from its October 2021 peak. The chance of a full recovery looks slim, making millionaire outcomes from holding this cryptocurrency highly improbable.

Should you purchase Shiba Inu at present?

Before purchasing Shiba Inu, review this information:

The Motley Fool Stock Advisor analyst team recently selected what they view as the 10 best stocks for investors to acquire now, and Shiba Inu did not make that list. The chosen 10 stocks may deliver substantial gains ahead.

For example, when Netflix appeared on the list December 17, 2004, a $1,000 investment then would now equal $418,761! Similarly, Nvidia on the list April 15, 2005, would have turned $1,000 into $1,195,804!

Note that Stock Advisor's overall average return stands at 918% compared to 208% for the S&P 500. Check the current top 10 list through Stock Advisor and join an investor community designed for individuals by individuals.

See the 10 stocks »

*Stock Advisor returns as of July 4, 2026.

Neil Patel holds no positions in mentioned stocks. The Motley Fool maintains positions in and recommends Bitcoin, Solana, and XRP. The Motley Fool follows a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.