SHIBA INU Price Prediction | Will the “Dogecoin Killer” reach $1? | Via SwapSpace | Capital | June 2021
Shiba Inu (SHIB) is an ERC-20 token based on Ethereum, and its founder Ryoshi called it “an experiment in decentralized spontaneous community construction.” It was launched as a meme token in 2020 and became the biggest hype in the spring of 2021. Part of the reason for this popularity is the increasing awareness of the existence of memecoins (SHIB is known as the “Dogecoin killer”), and to a large extent Elon Musk’s tweets. Its team was also inspired by the WallStreetBets subreddit’s confrontation with Wall Street giants as an example of distracting collective efforts. SHIB’s principle is: starting from scratch, build a community with no pre-existing connections, and of course love for Shiba Inu.
SHIB is part of a growing ecosystem developed by the same team. At the time of writing this article, LEAH tokens have been issued in the same ecosystem, and BONE tokens will be launched soon (more tokens are under development); the team is also preparing to launch a decentralized exchange called ShibaSwap, these tokens Will be listed in it. Another well-known project is the Shiba Artist Incubator, which encourages artists in the community to create NFTs. There are other far-reaching plans, such as the establishment of SHIB’s own 2-level blockchain Shibarium. In the long run, this should help solve potential scalability issues and may affect the future price of Shiba Inu.
Although the Shiba Inu token became the focus of attention in the first half of May 2021, it currently has the same decline as the entire cryptocurrency field and continues to follow the Bitcoin bearish pattern. In June 2021, the SHIB price will still fluctuate slightly between 0.00000500-0.00000800 US dollars. However, the success of Dogecoin has given Shiba Inu the opportunity to skyrocket in the future and the advantage of sympathetic trading. Shiba Inu’s market is still relatively small, so it has development prospects.
Although it is almost impossible to perform 100% accurate technical analysis of the SHIBA INU cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time aggregate SHIB buying and selling ratings in the selected time frame. The summary of SHIB/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable SHIBA INU (SHIB) price forecasts from popular forecasting platforms.
According to WalletInvestor, the price of SHIBA INU will rise from $0.00000796 to $0.000019 within one year. This makes SHIB an amazing investment. The long-term profit potential is 138.69%. The forecast price at the end of 2026 is $0.000061.
When answering the question about whether Shiba Inu is a good investment, TradingBeasts answered in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$0.0000130 and increase to US$0.0000184 by the end of 2022.
In the DigitalCoin analysis, the price of SHIBA INU cryptocurrency will rise from today’s $0 to $0 in the next 5 years. It will rise to $0 by 2022 and continue to grow in 2023-2024. According to forecasts, SHIBA INU is a profitable long-term investment.
From the analysis cited above, it is clear that SHIBA INU (SHIB)’s forecast is quite contradictory. There is no general consensus on the positive or negative trend of SHIB prices in the future. In fact, the possible future growth depends on many factors: announcements, new technological solutions of the SHIBA INU project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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