Explore our Shiba Inu price forecast, current market trend, and future price speculation for SHIB tokens.
Shiba Inu’s performance
- The price of Shiba Inu fell from trading to over $0.0000011 to less than $0.00111.
- Shiba Inu’s trading volume has plummeted.
- Shiba Inu’s overall market capitalization decreased by more than 6%. Shiba ranks 14th in terms of market capitalization ranking.
- Shiba Inu’s technical indicator is SELL.
- Social media sentiment is negative and social media buzz is lower.
Table of Contents:
What is Shiba Inu and how does it derive value?
- Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. It was created in the year 2020 by an anonymous person named “Ryoshi”
- The Shiba Inu token started with a supply of 1 quadrillion SHIB. 50% of the supply was blocked in Uniswap and the other half was burned the other half to Ethereum co-founder Vitalik Buterin for custody.
- The demand for Shiba Inu coins comes from
- Payments: More and more a wide range of companies accept Shiba Inu – AMC, Gucci etc.
- Shiba Inu In Metaverse: Shiba Inu became the last player to enter the world of the metaverse. Shiba Inu began selling plots of land in his metaverse.
- Shibswap: The Shiba Inu ecosystem includes three different coins, Shib, Bone and Leash. These three tokens come together to create Shibswap.
- Shibarium: Shiba Inu is ready to introduce its own transaction system similar to a Shibarium blockchain. Recently a Shibarium test was done which led to a massive spike in the price of Shib tokens. Once Shibarium becomes public, Shiba Inu will no longer depend on the Ethereum platform to complete its transaction. This will reduce the gas fees that ETH charges other tokens to operate and operate on their platforms.
- Doggy Dao: The creators of Shiba Inu recently launched the first phase of Doggy Dao. Doggy Dao door
Shiba Inu: background and rating
- Market Cap: $6.32 billion [Avabile]
- Standings: 13th [Steady]
- Coins that are like Shiba Inu: Dogecoin, Dogelon Mars, also called Memecoin
- Predominant value: accepted for payments by many well-known brands
- Our differentiation rating: 5/10 where 10 is highly differentiated, 1 is not differentiated at all
- The top 10 holders own 63% of the coins and the top 100 holders own 81%
- % of holders who are currently profitable: 25% [Rising]
Shiba Inu Forecast: SHIB Performance in 2022
| SHIB | BTC | doge | Eth | |
| 5 days | +4.8% | -1.7% | +9.2% | +3.1% |
| Ytd | -68.2% | -56.6% | -59.6% | -68.6% |
As of January 2022, Shiba Inu remains one of the worst performing cryptocurrencies. SHIB has lost about 70% of its value since January 2022. In the first week of January, Shiba Inu was trading at over $0.00030, but now it is at over $0.00010.
Shiba Inu Price Prediction: Tokenomics Shiba Inu
- Supply to Genesis:1 Quadrillion
- 50% were blocked in Uniswap
- The other 50% was burned to Ethereum co-founder Vitalik Buterin for custody
- Buterin in turn donated his share for COVID-19 relief in India and then actually burned 40% of his total supply to a dead wallet.
Shib Coin Price Prediction: Strengths and Weaknesses
Shiba Inu is already excelling in some areas
- Payment partnerships (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
- Burning coins
Shib has moved aggressively towards building a Metaverse as most cryptocurrencies in that space have smaller market caps than Shiba Inu.
What is a Metaverse? Simply put, it’s a digital space that can offer an experience that expands our boundaries of what we can do with our lives. Some are imagining an artificial digital replacement of the real world, while others have integrated cryptocurrencies into existing games and call them Metaverse.
Shiba Inu is building a Metaverse that will allow users to conduct a trade using $SHIB. This looks promising, but it’s the first days of execution as of now. The company started the execution by auctioning Metaverse Lan
Shib also has other plays: ShibaDex (Wallet and DEX) and Shibaswap which was meant for Staking.
Shiba Coin Price Prediction: Shib vs Dogecoin
Shib has outperformed Dogecoin over the past 2 weeks (see chart below). However, Dogecoin’s market cap is still 38% higher than Shiba Inu’s. Assuming SHIB increases by 5% per month and Doge increases by 1% per month, SHIB could overtake Dogecoin by March 2023.
Shiba Inu Price Prediction 2022
| maximum | |
| Average Shiba Inu Price Prediction 2022 | $0.0000194 |
| Price of Digitalcoin | $0.00000173 |
| CryptoPredictions.com | $ 0.0000200 |
| Commercial beast | $0.00009 |
Shiba Inu Coin Price Prediction: Will Shiba return to the top?
The probability of Shiba coming back depends on the following micro and macro factors
- Proven (unpromised) performance on Shiba’s development plans: Shibarium, Metaverse and the like
- Combustion rate that should be at a higher rate than the current one
- The US inflation rate begins to fall and the Fed signals that it will no longer raise the interest rate
Shib Price Prediction: When Will Shiba Inu Rise?
Our estimate from all available data is that US inflation is like withdrawing from July or August, so it is likely that Shiba Inu will rise at any time after August 2022
Shiba Inu Prediction: Can Shiba Inu Reach 1 Cent?
If Shiba Inu can increase at an annual rate of 10% and burn 50% of the coins, SHIB can reach 1 cent in about 25 years.
Shiba Inu Forecast: What are the risks of investing in Shiba Inu?
Investing in cryptocurrencies is not for the faint of heart. Altcoins (any currency other than Bitcoin) are very volatile and could fluctuate by 5-10% every day for days together. So, if you are uncomfortable with that kind of volatility, Shiba Inu is not appropriate for you.
Some of the best performing cryptocurrencies in 2022 were very different from the others. Aside from that, Shiba Inu wasn’t a fully differentiated cryptocurrency at launch. While it is differentiating now, this is still a work in progress. If SHIB fails to differentiate itself sufficiently, new investors are likely to invest in cryptocurrencies that are very different from the others.
A few weeks ago, shiba’s mysterious founder Inu Ryoshi recently canceled his social media presence and wrote a blog about the medium asking leading developer Shytoshi to focus on the project. While this hasn’t had any impact on the price, it’s important to be aware of it.
Should you own more than one Memecoin?
We have observed that all cryptocurrencies in a category follow a similar pattern if not the same. So, perhaps from a diversification perspective, it makes sense to own 1 or a maximum of 2 Memcoins.
Shiba Inu or dogecoin which is better?
Dogecoin outperformed Shiba Inu this year. Doge has done quite well on payment partnerships, so it has some intrinsic value and relies heavily on the fact that Elon Musk pumps the coin. Dogecoin is therefore likely to perform better than Shiba Inu when markets are falling. However, when the markets improve, SHIB would be in a better position to outperform Dogecoin.
Who are Shiba Inu whales?
Shiba Inu whales buy and possess large quantities of Shiba Inu tokens and therefore named as such. While the media significantly covers the behavior of whales, there is little evidence that affects the price beyond a few minutes or a couple of hours.
