Understanding the Dogecoin Killer: Shiba Inu (SHIB)
A peculiar name: at least for a digital coin, you agree. Yes! For all good reasons, as the unique features are coupled with this unique name. The salient name relates to the mascot of a Japanese dog breed called Shiba Inu and hence “SHIB.”
So, the most important trait of the pet, “Loyalty,” comes tagged to it for all its investors too. Shiba Inu is a completely secure and decentralized meme token, a variant of the ERC-20 token. In a way, it combines all significant traits of Ethereum, Bitcoin, and Dogecoin in a fusion as one in Shiba Inu (SHIB). Before starting with the Shiba Inu price prediction, let’s check the coin overview.
Shiba Inu Overview
|Price Change 24 hours||+14.62%|
|Price Change 7d||-4.57%|
|Circulating Supply||549,063,278,876,302 SHIB|
|All time High||$0.00008845|
|All time Low||$0.000000000082|
|Shiba Inu ROI||+755268.92%|
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Shiba Inu Network: Let Us Dig Deeper
Shiba Inu is a creation by Ryoshi, who started on a mission to carve out a crypto asset for all its users inspired by the cute Shiba Inu dog breed theme, mixing the merits of other major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and others. The company is the first to be listed and incentivized on ShibaSwap, a proprietary decentralized exchange.
A crypto-asset addresses all concerns of an investor or trader in the market – be it accessibility, speed in the transaction, security for anonymity, or a great value for money invested for the future. With no great skills or expertise in demand, it can be accessed with your computer, smartphone, or website. It also addresses the users’ day-to-day needs like buying anything with credit cards, like in the supermarket, or purchasing anything through a wallet online.
An exemplary benefit of the Shiba Inu cryptocurrency is that it can be used to trade/exchange between and with Bitcoin or fiat currencies. Apart from these, there are immense security-packed features to be harvested too. Shiba token also gives its users the benefit of safekeeping their free wallets, and even they can refill their balance.
Traders benefit from getting the SHIB network on all esteemed cryptocurrency exchanges like Coinbase, Binance, etc. They can convert SHIB to almost any other coin. It also has a native decentral exchange name ShibaSwap to buy Shiba Inu.
The presence of SHIB can be seen on a mobile app that is available in a number of different languages, including Chinese, German, French, Spanish, Russian, and many more. The site comes packed with features like opening an account in three simple steps -Get a Wallet – Get some SHIB coins – Use Your SHIB, and stay tuned, giving all the latest news and information about the platform to make informed investment decisions.
You can also store your crypto SHIB on the mobile wallet. Shiba Inu’s open market purchase ensures the fair distribution of SHIB, and the open market also ensures the fair and complete distribution of new coins.
In late November 2021, Giant Newegg announced the acceptance of the Shiba Inu token as a mode of payment. The forecast impact on the Shiba Inu target price is considered to be positive. At the same time, Shiba Inu will no longer be limited to being a meme coin like Shiba Inu, following the announcement of its own metaverse, Shiba Inu Oshiverse. This token is expected to gain traction from investors.
Some posts on Twitter from CoinMarketCap reveal that the crypto investors in 2021 showed high interest in buying the Shiba Inu coin, making it the most viewed coin on the platform. The rising popularity can positively impact the Shiba Inu prediction, given the SHIB can reach a record high with the current market cap strategy. The market cap hit a new high the same day when SHIB launched its own line of NFT tokens.
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Shiba Inu SHIB Community: A Corporate Initiative
Shiba Inu works a lot to benefit communities, creating partnerships and alliances at a non-profit level. The native token exchanges drive the whole process with other platforms generating more value for new enterprises and those corporate partners looking for momentum in their eco-space. This philanthropic contribution by SHIB comes as an aggressive community initiative, and it has called for more rigorous participation by other crypto developers too.
Shiba Inu (SHIB) Price History & Technical Analysis
Since its debut on the crypto exchanges, Shiba Inu’s price had only increased with no sudden surges or downward spirals until it hit its all-time high value on Oct 28, 2021. The bulls had a strong hand until the profit booking sentiments hit the SHIB market. Like any other cryptocurrency, the Shiba token is vulnerable to market fluctuations too and is highly volatile.
However, since 2021, the coin has gradually increased, starting at $0.0000000001. Competing against other crypto rivals, SHIB has only taken a steady ride of going upward, showing satisfying if not promising trends till it finally stabilized at $0.00000001 by February 2021, even among market ups and downs and pandemic setbacks. SHIB, in the beginning, performed as per an upward trend with multiple record highs till it hit the all-time high value of $0.00008845.
After SHIB hit its ATH, profit booking sentiments overtook the bulls, and the price started falling continuously in a downtrend to date. The downfall was so strong that the SHIB price lost more than half of its value in just 3 months. Not just that, the current price of Shiba Inu is very close to its previous price level from where the uptrend has begun.
Due to regulatory changes in US Fed rates, the recent market crash has made it more difficult for SHIB prices to bounce back or even begin the uptrend. As per our SHIB price forecast, the only good thing is that investors and traders might see a buying opportunity for the coin due to lower prices.
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Shiba Inu: Market Sentiment
The current price of Shiba Inu stands around $0.00001245 at the time of writing, with a total supply in the circulation of 549,063,278,876,302 SHIB. The 24-hour trading volume of this crypto is around $502,543,267; in terms of market position, the market capitalization of the Shiba Inu hit $6,834,755,782.
The Shiba Inu price today is 2.78% higher compared to yesterday. Let’s explore the opinion of market experts on Shiba Inu price prediction.
Our Shiba Inu prediction is based on technical analysis and the past performance of the coin. Based on the market status of digital coins, traders should perform their own research before making any financial decisions or cryptocurrency predictions to evaluate their own risk involved.
Based on their SHIB price prediction, a long-term increase is expected; the Shiba Inu’s price prognosis for 2027 is $0.000121. With a 5-year investment, the revenue is expected to be around +860.32%. The Shiba Inu forecast estimate the price in the beginging of the first half of 2023 may be $0.0000390.
The analysts believe the price of Shiba Inu cryptocurrency will increase in the coming years. It is predicted that the Shiba Inu price may rise by the end of 2023 and reach $0.00002271, which is significantly higher than the current price.
Our data indicates that the asset price has reflected a massive bull run for the past year, with tremendous long-term earnings potential. The future price of the asset is predicted at $0.000056 by the end of 2022.
According to Shiba Inu prediction the price is expected to be $0.000237 during the end of the first half, whereas for the second half it is estimated to reach $0.000327 by the end of 2024.
The Shiba Inu price is forecasted to reach $0.0000170 by the beginning of December 2022. The expected maximum price is $0.0000213, minimum price $0.0000145. The Shiba Inu price prediction for the end of the December 2022 is $0.0000210.
The Shiba Inu price is forecasted to reach $0.00000424 by the end of December 2022. The expected maximum Shiba Inu price is $0.00000505; the minimum price is $0.00000394 for the year 2022. During the mid way of first half of 2025, the price will hover around $0.00001547 to $0.00001073 and by the end of second half it will be close to $0.00001053.
As per the latest news, research, and Shiba token price prediction, the coin might cross $0.0000178 by the end of 2022, and by 2025, it may record a new high around $0.0000254.
Digital Coin Price
Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.000009 in 2022 and pose a risk for investors.Reddit Community
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Shiba Inu Price Prediction: 2022-2026
The price predictions of SHIB gained more traction due to its privacy tag. A trait and respect that it attaches to all its investors & famous personalities like Elon Musk and Vitalik Buterin. In fact, privacy is the hallmark of SHIB, which has been the center point of all activities of Shiba Inu tokens gaining worldwide acceptance & popularity in the cryptocurrency market, making it an excellent investment asset.
As seen in the above chart, the MACD line is currently trading below the signal line, indicating the bearish momentum in the SHIB market. At the same time, the immediate resistance level is at $0.00001494. At the same time, the crucial resistance is at $0.00001882. Above that, significant resistance is noted at $0.00002196.
On the other hand, immediate support is placed at $0.00000866. The recent downtrend looks strong, and the price may reach the above-mentioned support level. The coin needs significant support from buyers to bring the price close to its ATH.
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Shiba Inu Price Prediction 2022
Keeping up in tandem with the same bullish trend in cryptocurrency prices, SHIB predictions say that the Shiba Inu price is poised for an upswing even this year. Though it is too early to expect whether the Shiba Inu coin will rise from the fall, what stays clear is there is light at the end of the tunnel for sure compared to other meme currencies in the crypto space.
The Shiba Inu coin price forecast only indicates a positive trend in the receding pandemic scenario. Our Shiba Inu price prediction for 2022 forecasts that the coin price may be around $0.000024 in Q2, $0.000037 in Q3, and continues to rise to $0.000042 in Q4.
Shiba Inu Coin Price Prediction 2023
There is a predicted eventuality of SHIBA coin incurring a loss but only meager, dropping to $0.000038 again. As per Shiba Inu prediction, the Shiba Inu’s maximum value for the year 2023 may hit the $0.000058 mark, making it one of the most valuable cryptocurrencies in the near future.
However, as per the forecast for Shiba Inu, this remains a pessimistic scenario, and some experts do not agree with this syndrome of volatility affecting it while suggesting Shiba Inu price prediction.
Shiba Inu Price Prediction 2024
According to the Shiba Inu coin forecast, the jaw-dropping possibility exists for the Shiba Inu price as the bulls will ride the crypto market; it is once again expected that Shiba Inu price will rule the crypto kingdom with a performance of average price pegged at $0.000065. In 2024, the maximum price level might be around $0.0000696, which shows full potential for Shiba tokens to sustain and consistently grow even in adverse conditions.
Shiba Inu Coin Price Prediction 2025
2025 might mark as the benchmark year as SHIB token price is predicted to surpass $0.00012. With mass adoption, SHIB Inu’s price is estimated to reach the maximum level of $0.00013 by 2025, a rise like never before.
Based on our SHIB price forecast, the Shiba Inu coin’s future is bright. We predict a token price of around $0.0000725 by 2025 with a significant return on investment. If the coin manages to cross the price level of $0.00009, it may record excessive annualized returns over the next four years.
Shiba Inu Predictions 2026 & Beyond
Surprisingly as per the Shiba Inu price forecast, the year 2026 will bring a lot of good things for the Shiba network. SHIB will keep its momentum onward and upward in the crypto market. As per the Shiba Inu projections for 2026, you might see Shiba tokens hovering around the average price level of $0.000129 on the exchange. The price predictions for the SHIB network for the whole year will reflect huge volatility; it might jump to the $0.00011 mark with an all-time record high of $0.000135.
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Is Shiba Inu a good investment?
Yes, indeed, it can be a good investment for the long-term, as it has proved that it can surprise investors with massive returns. Our Shiba Inu price prediction shows that there should not be any heartbreaks or any over joyous explanations required if you invest thoughtfully. In fact, Elon Musk, too, has shown a favorable inclination for the SHIB token as a meme coin, calling it the ‘Dogecoin Killer.’ Our investment advice is that traders must look for resistance, price action, and support levels before investing in any token, especially in cryptocurrency, to minizine the risks involved.
Is the Shiba Inu Network Secured?
Yes, it is a secure, well-established blockchain that lets the meme coin like the Shiba Inu token remains independent of moderating forces. As per the WoofPaper, Shiba Inu is based on the Ethereum network, a Proof-of-Work blockchain currently transitioning to Proof-of-Stake.
Can Shiba Inu Coin Reach $1 by 2025?
Shiba Inu Coin has shown extensive growth over the past few months, but it will likely hit the $1 mark as per our Shiba Inu price prediction. It might cross the $0.0001 mark by 2025. High circulating supply can limit the price of Shiba Inu under market capitalization.
Where to buy Shiba Inu?
Shiba tokens, being a popular cryptocurrency, is listed on all major exchanges. You can buy SHIB tokens from compliant exchanges like Binance, Coinbase, Kraken, OKEx, etc. Additionally, you can directly trade Shiba tokens for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges.
How much will Shiba Inu be worth in 5 years?
The Shiba Inu coin future has an upward trajectory with an expected average price of $0.00011 after 5 years. As per the Shiba Inu forecast in 2025, the highest peak that can be projected is $0.000125.
Does Shiba Inu coin have potential?
Shiba Inu coin is extremely volatile in nature. According to Shiba Inu coin price prediction, it can return significant value to investors in the coming years or be an investment disaster if not carefully planned. Our opinion does not constitute recommendation advice; therefore, investors are advised to monitor the token’s support level and resistance level closely.
What is the future of Shiba Inu?
The future of Shiba Inu is positive so far; in the next few years, Shiba Inu crypto prediction reveals the average price of the token to be above its current all-time high. According to the Shiba Inu price prediction 2030, the Shiba Inu future price might trade around $0.000191.
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