I have decided to release this detailed analysis of the Shiba Inu coin after getting a lot of request from different individuals trying to know if the coin is a good buy or not and what the future of the coin will looks like. In this Shiba Inu coin price prediction, I will reveal all you need to know about the coin and what you should expect in the few coming years.
If you’re eager to know when Shiba Inu coin will hit $1, just grab your sit and follow this complete analysis of the coin from the beginning to the end as this is one of the major question I am going to be answering in this Shiba coin analysis. However, I will also give you some matching prediction about the coin in this year and years to come.
In 2021, Shiba Inu coin has become the most talked about coin as a result of it’s uptrending and surge increasing if it’s price. Within the year of 2021, Shiba Inu has increased rapidly for four consecutive times giving it’s investors a huge return in a very short period of time. Imagine someone that invest just $10 and wake up to see $500 in just two weeks, that’s crazy!
Coin price spike like that of Shiba is usually attributed to mass adoption as sometimes, by the level of the hype that the coin has gained so far, and looking closely to the recent performance of the Shiba Inu coin price, it’s exploded Within a very short period of time, increasing the price of the coin by 57% in just 24 hours after Elon musk’s tweet.
Also Read: How To Buy Coin On Pancake Swap
About Shiba Inu Coin
Shiba Inu coin is one of the most popular meme coins today and it’s trending at number 14 on coinmarketcap at the moment of writing this detailed guide, it has gained a lot of adoption and attract a lot of investor since it’s lunched. Shiba Inu coin as a decentralized meme token has managed to evolve and amassed a vibrant community for it’s ecosystem.
Shiba Inu shares the same mascot as dogecoin with enormous circulating supply, but Shiba supply is higher than that of the dogecoin making its price per token to be much lower than that of the dogecoin.
ShibaSwap is a run-of-the-mill decentralized application with a focus on liquidity pool staking. User are allowed to deposit (stake) their tokens into the platform to earn interest and fees from other users swapping tokens on the site. You can stake Shiba Inu, Bone and leash by themselves or with other popular tokens in liquidity pools.
Shiba Inu has recorded a very high gains in the recent months since it’s lunch in the month of August in 2020. The coin is an Ethereum blockchain based meme coin and supported by Elon musk, which makes it safe to some extent of saying the coin will do better in the present and beyond.
Shiba Inu has realized a significant gain following it’s listing on popular crypto exchanges like binance, hotbit and others. As at the moment of writing this guide, Shiba Inu is ranked #14 with a market cap of $11.9 B.
Shiba Inu Market Position
Shiba Inu coin is in good market position as at the moment of writing this analysis and ta same time, it can be said to be in it’s recovery mode. If you didn’t forget, the sudden spike in price of Shiba Inu coin experienced on the 10th of May, 2021 has managed to pushed the coin to a new all time high of $0.0000388 and ever since then, the coin hasn’t been able to come close to returning to it’s all time high.
Presently, Shiba Inu coin is trading at $0.00002916 and if it increases with about 22% more, we can be able to go back to the previous all time high a d anticipate for a new all time high to be formed.
However, SHIB still holds a relatively strong position in the market as compared to every other meme coin, as at the time of writing this Shiba Inu coin price prediction, it has the 15th largest capitalization in the crypto market at around $11.9 billion.
Future Of Shiba Inu Coin
There is no doubt in that fact that the future of SHIB is very bright and will do better in the future, but the assumption of the coin hitting $1 is nearly impossible anytime soon. There are lots of factors that should be considered before hopping for any coin to increase to an extent, we have taken a very deep look at the coin and in the later part of this guide, I will explained in details, the highest price of Shiba Inu coin you should be expecting and how soon it can get to the height of $1 per SHIB.
Shiba Inu exploded into the popular consciousness through a few major events and it’s connection with dogecoin. In May, 2021, the price of Shiba and doegcoin increases dramatically after which dogecoin is being mentioned in a Doge tweet by Elon Musk.
At the same time, Vitalink, the popular visionary and co-creator of Ethereum helped the token build the hype, which helps in driving the price of the coin higher than expected. 50% of the Total supply was given to Vitalink (Buterin) hoping he wouldn’t sell or move them in order to take them out of the circulation, instead, he sent about $1 billion worth of SHIB to India during the pandemic ad Covid Relief Find when they needed help the most. This gift drove a massive amount of hype and interest which helped the token to explode in price.
Shiba Inu Price History And Technical Analysis
As a crypto trader, if you should intend to make a prediction for any coin, one of the most important thing is to check the price history of the coin, the all time high, all time low, total supply, the circulating supply of the coin and some other factors like the distance between it’s all time high and the all time low. This will give you an overall idea if what the coin is up to and what is capable t doing now and later.
When SHIB was first listed bon binance, the SHIB price skyrocketed as expected, from $0.00001416 to a whopping $0.00005007 before tanking slowly. Today, the Shiba Inu live price is $0.000030 with 24hours trading volume of $7,717,038,099 with total supply of 1,000,000,000,000,000 and circulating supply of 394,796,000,000,000.
Is Shiba Inu A Good Investment?
Shiba Inu coin is regarded as one of the most volatile cryptocurrencies alongside Doge. They are considered volatile because, They in price quite often and some of the fluctuations results from endorsements and nature of the coin hype respectively.
However, investing in SHIB can be a good idea and at the same time, it can go against the expectation, this is because, the Shiba Inu coin price prediction is based on rational and technical analysis and you must know that some physical concept outside the aforementioned concept can also affect the performance of a coin. We can only give you the price prediction from our observation and technical analysis, but some future events is not in control of anyone.
According to a recent Shiba Inu Price Prediction, the SHIB price has a great potential to realize a significant growth during the bull run. However, a lot of people make investment with the sole aim of making more money in a very short period of time and investing in SHIB with this aim might lead to significant losses if you’re not paying attention to crypto news and any forecast that may affect the price of the coin positively or negatively. Hence, crypto market does not always guarantee positive growth.
Shiba Inu Coin Price Prediction For 2022
In 2022, the bullish trend associated with SHIB is expected to continue according to the technical analysis that has been carried out on SHIB, it might experience bearish trend for some moment in the first half of the year 2022.
The price of Shiba will continue to rise in the future and the average cost of the meme coin is expected to be around $0.000032 in December and 2023 should be an overall bullish year for Shiba.
How Long Will It Take For Shiba To Reach $1?
A lot of people that invest in SHIB has been anticipating for the coin to hit $1 or something close and with the analysis that have been done on Shiba Inu so far, it’s price is very much far from $1 and the thoughts of SHIB hitting $1 is beyond imagination. It’s nearly impossible for SHIB to hit even $0.01 anytime soon, not to talk of $1. It’s very far from that point.
For Shiba Inu coin price to reach $0.01 at around the same token supply, it’s market capitalization would be more than 4X of what Bitcoin is today and for it to reach $1, it market cap will have to be over that of Bitcoin in 100X.
As at the moment of writing this Shiba Inu coin price prediction, a more reasonable price to set and hope for Shiba Inu coin is $0.0001 if a miracle should happen. If the coin can be able to drive even more hype that it did when it reaches all time high in May, I could reach this price in a matter of 2 weeks or 3 after major crypto currencies like Bitcoin and Ethereum reach a new all time high.
Shiba Inu Coin Price Prediction For 2025
The price if Shiba Inu coin is very hard to predict over 1 year or 2 in the future and this is because, the coin is likely to be affected by a lot of physical and external factors that cannot be controlled by anyone, amongst this factor is maximum increment in hype, adoption and lots more.
If Shiba continues to gain adoption in the public at large in the coming years, it could break it’s all-time high and probably reach $0.00005 by 2025. This is an extremely tenuous prediction, but might be a good estimate of the limits of the token.
Shiba will not reach $1 or anything close unless it becomes the largest crypto in the cryptocurrencies sphere or the USD losses it’s value and become close to worthless. However, it’s safe bro expect SHIB to hit $0.00005 before the end of the year 2025.
Where To Buy Shiba Inu Coin
Shiba Inu coin is now available on most of the popular crypto exchanges and you can now get it easily from either binance, coinbase, huobi global, KuCoin, Gate.io, FTX, okex or wazirix and lots More. Note that befoy you can purchase Coin on any of the aforementioned platforms, you will need to verify your identity. You will be provided on how to verify your identity on any of your chosen platform.
Frequently Asked Questions (FAQs)
Is SHIB A Good Buy Coin?
Shiba Inu is obviously a good buy coin expecially for those who purchased the coin before it’s initial explosion in May. However you can still watch out for a bearish moment for the coin and bought some before it resume back to bullish trend. One of the mistake you should never do is buying a coin during it’s bullish trend, you will end up loosing a lot of money.
Is Shiba Inu Good For A Long Term Investment
As a crypto investor, you stands a chance to gain more from Shiba inu in a long term but not withstanding, you must be very careful when investing on Shiba Inu as all the metrics indicates that the coin do experience massive gains due to it’s robust community’s occasional hype and support.
Is Shiba Inu Good For Short Term Investment
If you’re an experienced crypto trader, then, SHIB should be considered a great coin to look out for as far as short time trading, especially if you’re a daily trader. However the risk involved in trading SHIB on a short term is very high as it’s a volatile coin and it’s price might y subjected to sudden fluctuations at any point in time. If you must opt in for this, b active in residing crypto forecast that might affect the price if the coin.
Will Shiba Inu Cryptocurrency Project Last Longer
Yes! With the analysis of the project, it’s a stable project with no visible signs of crashing in the future due to it’s crypto community support.
Conclusion: Shiba is a great project that can never be outlook in the crypto space and with the detailed information released in this Shiba Inu coin price prediction, you should understand the fundamentals of the coin more better and be able to set your expectations to a goal that have high positive indications.
However, you should endeavor to do your own proper research before deciding whether to Invest on the coin or not as all the information provided in this article is subjected to fluctuations as the crypto market itself is not stable.