Skip to main content

The big Shiba Inu prognosis: how high can the SHIB price go?

 


What is the Shiba Inu Coin?

The Shiba Inu Coin is a well-known meme coin that is a parody of the Dogecoin. The Dogecoin rose to fame in 2016 when it gained popularity as a parody of Bitcoin and many investors invested in the fun currency. The Shiba Inu is now at the forefront of the next generation of meme coins. 


Shiba Inu

The Shiba Inu only emerged in August 2020 and exploded in price in 2021. The coin turned many early investors into millionaires. The symbol for the Shiba Inu Coin is the aggressive-looking Shiba Inu dog , which contrasts with the friendly-looking Shiba Inu on the Dogecoin. 


Why did the Shiba Inu soar so much?

The Shiba Inu Coin experienced massive price increases in 2021. No coin has been able to increase in value so massively in such a short time. Like the Dogecoin in 2017, the Shiba Inu saw extremely steep price increases within just a few days. A massive hype developed around the Shiba Inu Coin in spring and later in autumn 2021.


The extreme price increases and fluctuations are normal for meme coins. Like the Dogecoin before it, the Shiba Inu coin saw massive hype, which was multiplied by sharing the meme (the aggressive Shiba Inu) on social media and mentions of celebrities like Elon Musk. 


Due to the increasing awareness, more and more inexperienced investors are getting into the meme coins, which leads to even stronger increases. Most of the time, there are quick sales, which then causes the price to collapse again. But overall, an extremely large number of investors who invested in time have made profits with meme coins. But what is the Shiba Inu prognosis for the next few years?


How has the Shiba Inu course moved in the last few months?

To make the prediction for the Shiba Inu, let's look at how the price has been moving over the past few months. As we all know, we are in a bear market right now. Normally, in a bear market, meme coins, especially new projects, fall particularly sharply. The Shiba Inu Coin has also lost a lot in recent months.


The Shiba Inu price hit an all-time high of $0.0008 in late October 2021. Since that price spike, we've seen massive losses in meme coin as the bear market ensued. The Shiba Inu prognosis was negative from then on. By the turn of the year, the token had already lost more than half of its value, falling to $0.000034.

In 2022, the downward trend continued. But surprisingly, the losses in 2022 for Shiba Inu were not as high as expected. The coin was able to stay in the top 20 cryptocurrencies by market capitalization. The Shiba Inu Coin survived the hardest phase of the bear market better than expected. This is good news for the Shiba Inu forecast for the next few years. 


What is the Shiba Inu prognosis for the next few years?

The Shiba Inu coin is currently the 14th most valuable cryptocurrency by market cap, with a price of 0.000012 for a coin. In the next few months, most analysts expect the crypto market to move sideways, which should probably also apply to the Shiba Inu. But it will be interesting to see how high the Shiba Inu price can rise in the bull market and how positive the forecast for the meme coin looks. 


What is the Shiba Inu prognosis for the end of 2022?

First, let's look at how high the Shiba Inu price can go by the end of 2022. The forecasts are not easy to make right now as we face a transition from the heavy losses of an early bear market to a possible sideways move. 


By the end of 2022 we could still see slight increases or losses. A lot will depend on the movements of the overall market. However, particularly large jumps seem unlikely in the coming months. 

While we are in the bear market right now, we could see bullish price action again in the future. This is very likely after the next Bitcoin Halving , which should come in 2024. After a Bitcoin Halving, a new bull market usually begins. As such, we could see new highs for the Shiba Inu coin.


Especially for 2025, when the bull market should fully unfold (if we follow the 4-year cycles of the market), the Shiba Inu forecast should be excellent. The price could explode this year.

For the year 2030, the Shiba Inu forecast is now becoming a bit more complicated. We could see so many influencing factors in the next few years that will change the price development of the Shiba Inu Coin. These could be factors specific to the Shiba Inu (such as the emergence of new meme coins, bans on speculative tokens) or general factors for the crypto market (greater blockchain adoption, sweeping bans on cryptocurrencies, etc.).


By 2030 we see another Bitcoin Halving, which should see prices rise sharply again in 2029 and 2030. Therefore, we could see more price jumps from the Shiba Inu token. The Shiba Inu prognosis therefore remains positive.

The Shiba Inu prognosis can be changed by many influencing factors. During the first bull runs of the SHIB token, social media hypes and mentions by famous personalities were mainly responsible for the increases.

In the future, the Shiba Inu Coin could become more established. We can already see this in the bear market where the cryptocurrency is now establishing itself in the top 15 coins by market cap. In the future, the SHIB could become a classic cryptocurrency that is becoming more and more dependent on market developments. 


Is an investment in the Shiba Inu Coin worthwhile?

At the moment, the price of the Shiba Inu coin is still low due to the bear market. So now is a good time to invest cheaply in the coin. Because the Shiba Inu prognosis for the next few years is excellent.


Meme coins like the Shiba Inu or the Dogecoin are very risky investments. They offer even more risk, since these coins have no clear use and are even more speculative than other coins. Nevertheless, you should occupy 10-15% of your portfolio with meme coins. 

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more