What is the Shiba Inu Coin?
The Shiba Inu is a cryptocurrency that belongs to the meme coins mentioned . These are fun currencies without a specific function, which investors still buy for speculative purposes. The Shiba Inu Coin is a parody of the Dogecoin, the first meme coin ever.
The Dogecoin was the first meme coin to make fun of Bitcoin. The Shiba Inu now took up the Dogecoin meme and turned the confused Shiba Inu dog into an aggressive Shiba Inu dog for its own cryptocurrency. Shiba Inu uses the modern and efficient Proof-of-Stake consensus mechanism . As a result, the Shiba Inu Coin can also be used for transactions quickly and efficiently.
The Shiba Inu price has fallen sharply in recent months. In doing so, the price saw an explosion in 2021, rallying to $0.00008845. We saw an increase by a factor of 8000 since the beginning of 2021. After this price explosion, the Shiba Inu price began to fall sharply in November.
At the turn of the year 2021/2022, the Shiba Inu price was only 0.000033 dollars and had already fallen by more than 50%. In the months that followed, the price continued to fall. In mid-June, the Shiba Inu price hit a low of $0.000008. The price has fallen more than 90% since its all-time high.
The course has stabilized in recent weeks, which makes the Shiba Inu forecast for the turn of the year a little more calculable. In the last few days, the price has settled around a value of $0.00001.
Can the Shiba Inu Coin recover its success from 2021?
The Shiba Inu Coin came out of nowhere in 2021. The coin was only created in 2020 and basically saw an extremely strong increase at the turn of the year at the beginning of 2021. No other major cryptocurrency has seen a surge by a factor of 8000 and it can only come from a meme coin.
As a speculative asset that is even more unpredictable than other cryptocurrencies, massive increases in bullish times are always possible. However, there is also a possibility that the Shiba Inu Coin will disappear into oblivion in the future. This can especially be the case if the meme coin does not receive any attention. The extreme price explosions were mainly triggered by the spread of the meme via social media.
Why can the Shiba Inu prognosis for 2025 be very positive?
If we deal with the Shiba Inu forecast for the year 2025, we have to look at the direction in which the overall market should develop over the next few weeks and months. We are in a bear market at the moment, but have reached a stabilization phase.
In the next few months, we could see stronger increases in cryptocurrency prices again, which also improves the Shiba Inu forecast. But especially after the Bitcoin Halving in 2024, the market should slowly but surely transition back into a bull market.
The year 2025 is the year in which the bull market should be back in full swing. The strongest increases should come this year. The market would thus follow its typical 4-year cycle, which is based on Bitcoin Halving.
What is the Shiba Inu prognosis for 2025?
Now let's look at how much the Shiba Inu Coin can rise over the next 3 years. We want to look at how strong the increase in the Shiba Inu coin was in the last bull market and to what extent this increase can be repeated in the next bull market.
In the last bull market, we saw a surge from late 2020 to an all-time high of 8000x in November 2021. This massive surge came as the aggressive dog meme became more prevalent on social media. As a result, more and more speculative investors bought the Shiba Inu Coin, which made the forecast better and better.
Due to the extremely strong increases, more small investors became aware of the Shiba Inu. These investors were mostly buyers who invested in cryptocurrencies for the first time or only in the bull market. This type of investor is particularly prominent at the peak of a bull market.
Can Shiba Inu Repeat Its Rise In 2025?
An increase by a factor of 8000 hardly seems possible in the future. The Shiba Inu basically came out of nowhere, causing the price to rise from an extremely low value to much higher prices. In addition, it is normal that established cryptocurrencies do not rise as much in new cycles as in the first bull market of a cryptocurrency.
Nevertheless, it cannot be ruled out that the Shiba Inu Coin can increase in value massively again. We saw a similar trend in the last bull market with the Dogecoin. This experienced its first hype in the 2017 bull market, but was again able to record extremely strong price gains within a short period of time in 2021. This makes a positive Shiba Inu forecast for 2025 likely.
Where does the Shiba Inu price stand in 2025?
We can now do a simple calculation with rough assumptions to see how high the Shiba Inu price can go in 2025. On the one hand, we can assume that the low of the bear market for the Shiba Inu price has already been reached or is at least very close to the current price.
If we adjust the rise of the Shiba Inu coin to the new situation (established coin, second bull market), we can expect the price to rise by a factor of 100 in the next bull market.
If the Shiba Inu price bottomed out at $0.000008 in the bear market and that price could rise by a factor of 100 in the bear market, we would end up with a price of $0.0008 for the Shiba Inu coin . The Shiba Inu prediction for 2025 would be in this range as the cryptocurrency cycle predicts that the peak of the price would be in 2025.
Is an investment in the Shiba Inu Coin worthwhile?
Despite this optimistic forecast, you should keep in mind that the Shiba Inu is an extremely volatile cryptocurrency and the price can crash very quickly. If you want to invest in the Shiba Inu Coin, you should only invest what you are willing to lose. A diversified portfolio of different cryptocurrencies is also recommended.
My Top PicksHoneygain - Passive earner that pays in BTC or PayPalMandalaExchange -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 DAIWomplay - Mobile dApp gaming platform that rewards in EOS and BitcoinCointiply - The #1 Crypto Earning SiteLiteCoinPay -The #1 FaucetPay earner for LitecoinLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantlyFireFaucet - 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