People get into crypto for all sorts of reasons. Most people come for massive gains, but stay for politics and economics. A recent survey conducted by the BIS (Bank of International Settlement) shows that cryptocurrency holders are, on average, much more educated than non-cryptocurrency holders. They tend to be millennial “digital natives.”
Shiba Inu received a $334 million confidence vote from crypto investors, so let’s take a look at why seemingly smart people would invest in Shiba Inu.
What Is Shiba Inu?
It’s a meme coin named after a Japanese dog breed, and that’s it, folks! Seriously, this multibillion-dollar asset is basically a beautiful story and a cute image. It is presented as the Ethereum network version of Dogecoin, being an ERC20 token. Dogecoin is the original meme coin, so why Shiba Inu needs to exist, you might wonder.
Shiba Inu Forecast
I predict that the price will be assigned somewhere between nothing and almost nothing. Any dollar price starting with five decimal zeros is effectively already zero. In other words: the things I can buy for $15,000 are not things I want to own. If I own billions of something, I should be rich.
What does Shiba Inu have to offer the world? What is your USP? Why should we support the project? These should be the fundamental drivers of a cryptocurrency’s price over time, but occasionally a token challenges such analysis. The fundamentals of Shiba Inu must be considered from a different perspective.
A “Doge-Killer” seems to be the intention mentioned by the inventor. I’m not sure why anyone would want to kill a Doge. Mind you, if enough people pay their stimmy checks into Shiba Inu, there is a great deal of money to be made for the owners. After careful consideration of the evidence, there seem to be three obvious use cases.
The first is to relieve unsuspecting novice cryptocurrency fans of their hard-earned money. The second is to go to sunset with said money. And the third is to cover their tracks by having a good laugh as they reach the first two.
They also claim to donate to a charity that rescues abandoned Shiba Inu dogs. This particular breed of dog now costs about $2000 per puppy. I’m not sure how many are abandoned, but it sounds a lot like donating to a charity for Unloved Lambo. I have nothing against real Shiba Inu dogs, or Lambos for that matter, but I’m not buying what they’re selling here.
- Current price – 0.00000 – sorry, you have run out of decimals
- Market Cap – Over $3 billion
- Ranking – 29
- SHIB (1 quadrillion)
- Circulating supply – 394,796,000,000,000 SHIB (395 trillion)
- Daily Trading Volume – $357,121,982
Total supply – 1,000,000,000,000,000
Half of the tokens were sent, without his permission or knowledge, to the wallet of Etheruem’s supreme Vitalik Buterin, but he wanted nothing to do with this nonsense. It is gratifying to know that at least some crypto billionaires are not disingenuous narcissists.
The “team” is a guy who goes by the nickname “Ryoshi”. Seriously! She/He remains anonymous, so we know nothing about his qualifications and achievements in the FinTech field. It sounds like divine-level marketing on the surface, but that’s the thing with memes. It is impossible to predict what will go viral. If it hadn’t been Shiba Inu who exploded, it would have been an equally delinquent meme coin.
Rather than boring everyone with technical updates and progress reports, Shiba Inu goes with this:
- Twitter – “I am so excited to announce that we are organizing a Virtual Shiba Inu Party in 2 weeks with an amazing DJ set of @garethemery! Not only that… the set comes with an NFT E physical sculpture that will be stored in a TBA position so #ShibaArmy can see it. “
- Reddit is a mixed bag. There are Shib fanboys who talk about nothing but how to pump the coin to the moon. Then there are the Reddit users who tease them mercilessly. It’s fun for a while, but it gets boring very quickly.
This is typical of Shiba Inu’s social media presence. It is not very intellectual at best, and the total antithesis of what cryptocurrency is.
If it depended only on the size of the community, Shiba Inu would be a bolted winner. However, having an enthusiastic army of followers is no guarantee of success. Just look at the English football team!
Here is a typical selection of comments on social media. You can see how deep their understanding of encryption is in these posts. It’s really impressive.
- Facebook – “We hope to reach $10 next year!” – So will it be worth $5 trillion? LOL
- ShibaArmy – WE ARE VICTORY” Woof, woof!”
- Discord – “TOP 10 SHIB quotes from celebrities! Earn 12-24% APY”
- Telegram – “GET READY FOR THE MOON Nothing we publish here is financial advice”.
Twitter – “
As I said, very informative!
Exchanges and wallet support
Metamask is Shiba Inu’s wallet recommendation if you want to stay decentralized. From there you can exchange your ETH for SHIB on SushiSwap and ShibaSwap.
There are several SHIB marketplaces on major centralized exchanges, such as. Binance, Huobi, Hotbit, Kucoin, Poloniex and OKEx. The most liquid exchange is LBank, but I’ve never heard of it and trust is low, according to Coin Market Cap. Binance, Hotbit and Huobi hold a good chunk of the cash.
Shiba Inu Price Prediction 2025
Based on the above data and arguments, a SHIB token price in 2025 could be between $00 and $000. A reasonable long-term estimate: ~$00.00
Shiba Inu Price Prediction 2030
There are a couple of laws of human progress that prevent us from thinking that Shiba Inu will be what its owners expect and hope it will be. These are the advantage of the first engine and consolidation and subsequent monopoly.
A first-mover advantage can simply be defined as the ability of an enterprise to perform better than its competitors as a result of being first on the market in a new product category.
Monopoly is a situation in which a single company or group owns all or almost all of the market for a certain type of product or service.
Both phenomena we mentioned above speak in favor of Dogecoin (which is also a useless piece of code) and we do not think that it will change in the medium and long term.
We are still not sure if Shiba Inu and similar projects have a long-term future and the SHIBA token could be worth ZERO in 2030 since the project may not exist by then.
Is Shiba Inu worth investing?
Shiba Inu is a good short-term investment when the market is running to the TAURUS. Usually these types of newer projects do extraordinarily well when the overall crypto market is in green and far outperforms other better-known projects. However, make sure you get out of it in time as they tend to take a hit during range and bear market cycles.
Why will Shiba Inu succeed?
Because people are crazy and invest in things they don’t understand by blindly following trend-setters and the hype of Twitteratis.
Why will Shiba Inu fail?
Shiba Inu may fail because people will take hold of themselves and see that this project has no utility or value. It’s just a meme coin made by smart marketers to line their pockets with lots of money.
Will Shiba Inu reach 10 cents?
This is NOT part of the real possibility, even in the long run.
Can Shiba Inu reach $1?
Shiba Inu will almost certainly NOT reach $1 in this universe, perhaps in some parallel dimension it can reach that level.
Summing it all
For those of you still interested in buying some Shiba Inu – you need to examine your head! Tick all the boxes of what you should never invest in. Run a mile!
I think it could also be a case study for human anthropologists in the decades to come. It is indicative of the dulling of society. It’s embarrassing for both the crypto community and the charlatans who are trying to populate the space with their empty, soulless nonsense.
We should consider the unbanked of Africa and South America, or the generations of people who can no longer afford to buy durable goods, such as property. Crypto affects entire populations that cannot progress in life due to hyperinflation. What about those who worked hard and saved their lives? They can no longer invest their 401K in long-term bonds to see their retirement with a decent pension.
The good that cryptocurrency can do for the world is immense. In this context, Shiba Inu fails miserably. Shame on those who created and shilled it, and pity for those who invest in it.