Currently, the price of Shiba Inu is roughly $0.00001, but if it goes up to a dollar, it would represent a 1,000x return on investment. However, to achieve that goal, SHIB would need to reach a market value of $5 trillion. That would make it worth more than Apple, Google, or Bitcoin.
Shiba Inu’s ability to reach its ATHs is dependent on the performance of Bitcoin
While Bitcoin may be the most valuable currency in the world, other crypto assets are also popular and have higher price potential. Shiba Inu is one such coin that has the potential to become a great investment. Although it’s a relatively new cryptocurrency, it is already recording huge trading volumes and has gained exposure through listing on exchanges. As such, it has potential to produce massive returns should not be overlooked.
In order to reach its ATHs, the Shiba Inu protocol needs the Ethereum Network to be upgraded. The 1.0 network of Ethereum cannot support the processing speed of the Shiba Inu protocol. Therefore, companies that list SHIB as an option are utilizing the Lightning Network to compensate for this.
While the cryptocurrency has high liquidity and accessibility, its price is very volatile and unpredictable. The price has influenced by millions of users who prefer to use cryptocurrencies to conduct day-to-day transactions. However, this can lead to a decrease in liquidity, which can result in lower trading volumes, a lower market capitalization, and lower prices.
The price of Shiba Inu is very volatile.
Currently, it trades for fractions of a penny. In September of 2022, the value of Shiba Inu was around $6.8 billion. The circulating supply is 549 trillion coins and the total authorized coins is near one quadrillion. The founder of Ethereum, Vitalik Buterin, burned 40% of his SHIB coins irrevocably, and the rest of the coins are not usable. The price of Shiba Inu is now falling with the broader cryptocurrency rout.
The price of Shiba Inu is strongly dependent on Bitcoin’s performance. If Bitcoin is performing well, Shiba Inu will likely follow suit. Its price can increase by as much as 30% in a month. If Bitcoin is underperforming, it will tend to underperform and will likely drop during fearful times. Conversely, during times of euphoria, Shiba Inu can skyrocket.
While crypto assets are notoriously difficult to predict, mainstream investors and Bitcoin evangelists believe the Shiba Inu will reach its ATHs. If you invest $100 in Shiba Inu, you stand to profit tenfold. This is not a huge sum, and you should not worry about losing your money.
Shiba Inu is the latest DOGE-inspired coin to hit the market.
Though it is still not at its ATH yet, it is attempting to make history and become a standard of everyday life. Its community-based model and no central team means that it can achieve its goals. Shiba Inu is also working with an artist incubator and intends to prove the potential of spontaneous community building.
Shiba Inu is a meme coin that has considered a “Dogecoin killer” by some investors. As more investors start investing in the coin, the price of the Shiba Inu is likely to rise. This is because it is a popular meme coin. The Shiba Inu community is rapidly growing. In addition, the cryptocurrency has many use cases, such as its integration into the Shibaswap and application in the Shibaverse. However, it could fall below this price point during a market consolidation.
Shiba Inu is the second largest meme coin in the world. Its native token, SHIB, has a reputation for making astronomical gains in bull markets. Moreover, it’s available on major cryptocurrency exchanges such as Binance and OKEX.
Shiba Inu has a strong support community. According to its website, it has over 480,000 followers. It also has a large following on Twitter and Medium. Its community runs the platform and believes in collective decentralization.
In 2025, the Shiba Inu coin will play a vital role in the Metaverse, ShibaSwap, and the Shibaverse. Its price will rise as more people become aware of it. It’s likely to cross $0.0001 by the end of 2025, and will become an important part of the Shibaverse.
Shiba Inu’s future performance can be wrong
While experts have made predictions for Shiba Inu’s future performance, these predictions are sometimes wrong. One reason for this is the influence of crypto whales, which are financial institutions that hold massive amounts of digital assets. They have the power to make or break particular assets. They can either propel a cryptocurrency forward or sink it.
The creators of Shiba Inu have taken the lead in building a “decentralized exchange” around the coin. The cryptocurrency’s developers have clearly motivated to dominate the dog-themed coin market. However, investors should understand that there is a difference between a cryptocurrency and a dog.
The Shiba Inu price will increase in 2022.
As the Metaverse platform has set to make the currency more popular, analysts believe that the coin will continue to rise in value. By the end of 2022, analysts believe the Shiba Inu price will reach a high of $0.00001501. Looking ahead to 2023, analysts expect the coin to rise in price and perform well. They suggest that the maximum price will be $0.0002271 in 2023. The minimum and average trading price for the coin in 2023 will be $0.00001959 and $0.00002014, respectively.