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The Big Shiba Inu Prediction for 2023 – How High Can the SHIB Coin Go?



 How did the Shiba Inu price move in 2022? 

For most of 2022, we saw a sharper drop in Shiba Inu price. Due to the bear market, meme coin has declined in value almost continuously for the past 12 months after its 2021 high. The losses in the first half of 2022 were particularly severe. The SHIB price fell from $0.000034 to $0.0000077 in mid-June.

After these massive losses in the first half of the year, the fall in the price stabilized somewhat in the second half of 2022. In mid-August, the price even rose to $0.000017. But since this rally, it has been falling again almost continuously. 


At the beginning of November, the SHIB price rose from $0.00001 to $0.000013. The FTX crisis erased those gains. There has been a slight, constant fall in the price over the past few weeks. Most recently, the SHIB price was around $0.000008. 


Why did the Shiba Inu coin suffer such heavy losses?

The Shiba Inu Coin has lost a lot of value in the last 12 months. As a meme coin, losses were particularly severe during this period. That is the nature of this type of coin. In a bear market, of course, the losses are special. Especially after such a strong hype as in 2021, it was to be expected that the SHIB price would collapse.


Unlike the Dogecoin, the Shiba Inu coin also failed to benefit as much from the altcoin rally in early November and the takeover of Elon Musk. As a result, the Shiba Inu only fell to 15th place among cryptocurrencies by market capitalization. 


What is the Shiba Inu forecast for 2023?

In the next few months we could see another trend reversal in the market. Bitcoin also rose massively in the first 6 months in the second year of the last bear market, in 2019. Should such a development repeat itself, we could soon see a sharp increase in meme coins like Shiba Inu again.


Shiba Inu

It will be interesting to see how the SHIB can continue to establish itself in the bear market. The Dogecoin has already had a bear market and is therefore much more established. There was a risk that Shiba Inu would disappear into obscurity. But this assumption was refuted despite the heavy losses. A trend reversal on the market should also allow the Shiba Inu price to rise again in 2023, which improves the forecast. 


How high can the Shiba Inu price go in our forecast for 2023?

An increase in the Shiba Inu price seems very likely if the crypto market recovers slightly next year. If Bitcoin is able to triple again in the next few months , a meme coin like the Shiba Inu Coin could also increase in value massively and up to a value of 5x.

This increase would then probably be short-lived. Depending on when the crypto market sees a rally again, the price will fall more sharply afterwards. We therefore assume a Shiba Inu forecast for the end of 2023 of 0.000015 to 0.000025 US dollars.


Is an investment in the SHIB Coin worthwhile?

An investment in the Shiba Inu Coin could be worthwhile in the coming weeks and months, which our forecast shows. But you should be careful, as the meme coin is considered extremely volatile. Furthermore, the Shiba Inu has not yet gone through a full bear market and we have no historical data.


Ultimately, the risk with the Shiba Inu Coin is particularly high. However, this also makes the possible profits very high. Whether or not you want to take that risk is up to you. 

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