In recent weeks, it appears that all crypto investors have been talking about the SHIBA INU token (SHIBA), SHIBA INU Coin Price Prediction and the financial media has been covering it extensively. What’s expected about this crypto, and why is it referred to as “the Dogecoin killer”?
What Is Shiba INU Coin?
Shiba Inu (SHIB) is a token that exists within the Shiba Inu ecosystem. Ryoshi — an unknown individual or group of people — invented this decentralised meme token in August 2020. Since the Shiba Inu coin first appeared in the cryptocurrency trading system, it has been likened to the DOGE coin; however, they have little in common other than being meme currencies with the odd support from Elon Musk. With the usage of a Shiba Inu dog, the project even parodies Dogecoin, but SHIB’s developers hope to tackle important, real-world problems.
After SHIB joined Binance, the globe began to read headlines like “Shiba Inu valuation 2022”, claiming that it was an excellent investment for trading on cryptocurrency. Last year’s Shiba Inu pricing dynamics were insane. In May, the SHIB coin soared in a relatively short amount of time. If you wanted to trade Shiba Inu (SHIB) at its peak, it might not be too late. Let’s take a look at Shiba Inu price prediction year by year to see whether it’s still a good time to purchase or sell this “Dogecoin killer.” And learn more on how to trade crypto.
Shiba Inu Coin Price Prediction 2022
After the Shiba INU price increased in value in 2021, the meme coin dropped by more than 60% from its peak in October of last year. Wallet Investor’s analysts anticipate that the currency will be bullish in 2022 and may even surpass its all-time high. Several huge “whales” have lately acquired SHIB coins, capitalizing on the price decline. Holders’ interest in the currency may imply that its price may rise in the future.
Shiba INU Price Prediction In April 2022
Shiba Inu’s current price on 15th April 2022 (7:30 AM IST) is INR 0.0020, a change of -2.82 percent. Shiba Inu prices are expected to range between INR 0.0018 and INR 0.0023 on April 16, 2022.
Bitcoin has recently gained momentum as TERRA announced another $174 billion BTC acquisition. SHIB has recovered and may remain stable for the rest of the week. The increase in the value of SHIB is because of Robinhood rallying for the meme coin. It appears that now is an excellent opportunity to buy some SHIB. Even if altcoins are performing well, some analysts believe Bitcoin will fall below $30,000 by June 2022. On the contrary, few analysts predict BTC will reach a new high of $100,000 this year.
Shiba INU Price Prediction for May 2022
According to Wallet Investor, the average SHIB price in May will be $0.000030045. The price will not surpass $0.0000330 by the end of the month. The least price will be $0.0000177, while the highest price maybe $0.0000457.Looking at crypto futures trading, the average price will be $0.00004294546, a change of 28.01 per cent.
Shiba INU Coin Price Forecast: Feb 2022-June 2022
Because of the growing popularity of cryptocurrencies throughout the world, SHIB may garner a lot of attention. According to Digital Coin Price’s projection, Shiba Inu’s future price might hit $0.000038 by February. The SHIB coin value might reach $0.00002850948 by June. Thus, according to Wallet Investor, the long-term profit potential in one year is +160.70 percent. The Shiba Inu coin appears to be an excellent investment in 2022.
Shiba INU Coin Price Forecast Until The End Of 2022
The Shiba Inu prognosis for the second half of 2022 is comparable to what we just covered, except for the large surge. Shiba Inu coin’s average value might be approximately $0.00006. Shiba Inu may already be growing in the dynamic environment it aspires to be by the end of 2022.
According to the best indicators for crypto trading, they want to introduce the Shiba Inu Incubator and the Shiba Inu Reward structure in 2022. The long-term profit potential in one year is +96.50 percent. Shiba Inu coin appears to be a solid investment in 2022.
Will Shiba INU Coin Reach 1 Dollar Mark?
Shiba Inu’s value might rise in one of two ways. One possibility is that dealers just bid up the price. The other option is for the supply to decrease, which should increase the value of the remaining coins. The coins must be removed from circulation, or “burned,” as traders refer to it, by being transferred to dead wallets.
It’s not uncommon for this to occur. In reality, 410 trillion Shiba Inu coins have already been burned, according to Shibburn, a website that chronicles the burning of Shiba Inu coins. According to Shibburn, 62 million Shiba Inu coins have been burnt in the previous 24 hours at writing. The burn might be accelerated if there is a concerted effort among SHIB holders, which could gain traction if the value of SHIB continues to fall. There is, nevertheless, a strong deterrent to burning the money.
Suppose the value of bitcoin begins to rise. In that case, it is in the best interests of holders to preserve their coins rather than burn them. The decentralised structure of cryptocurrencies makes it unlikely that an organised movement powerful enough to limit the number of coins significantly will emerge.
Should You Invest In Shiba INU Coins?
As per the Shiba Inu price estimates, it may be an excellent investment. The growth potential is greater than 100% for the next few years. Keep in mind that the information regarding the Shiba INU cryptocurrency is provided solely for educational reasons.
Knowing an approximate SHIB price is useful, but you must conduct your price movement analysis like any currency. Always conduct your research on how to trade crypto before making any financial decisions and look at the Shiba INU price prediction.
Conclusion
SHIBA INU can reach $1, but it is still early to predict something like this, but if the team can fulfil all the roadmap and keep being active, the price can reach $1. However, that’s not the only price increase we’re waiting for. As we know, SHIBA INU will be listed on more exchanges; this will help the SHIBA INU coin to grow and the price rise.
BuyUcoin is one of India’s premier cryptocurrency exchanges where you can buy or sell Shiba Inu tokens and much more. We also offer investment opportunities within the company, including our SIP program, which can help you avoid market volatility by investing in Shiba Inu, Bitcoin, or Matic.