Overall, this informative article is about Shiba inu coin price prediction. This coin into limelight after dogecoin. Price of this coin rose dramatically in year 2021. Millions of investors are holding millions of shiba inu coin in hope that it will reach to $1 sometime in future. This article will help those users to find out its future price based on our technical analysis.
Are you looking for Shiba Inu coin price forecast than you are at right article, this article provides you with an information in regard to shiba inu token price prediction? Let’s get started.
Shiba inu coin is a meme coin which got his popularity after Dogecoin. Whole business of this token runs on Ethereum blockchain. During hype in 2021, millions of investors invested millions of dollars into this coin. This coin has made many people millionaire as well. Many multinational companies have started Shiba token as a payment method using Shiba swap. Many companies are also accepting hbar and mana coin as their payment method and mostly these are gaming companies.
In 2022, After our technical analysis Shiba inu price can reach upto $0.00005231. Overall price depends how market is reaction, if there is a bear market than people dare to invest in these types of token because when price falls, price of these type of token falls by 80%.
In 2023, price of shiba inu will stay sideway, as whole work is going from recession period so heir is less investors in market, if people do not invest in coins how they price will grow? Even use case of this coin is not much beneficial. So, price of this coin will stay around $0.00005141.
We are assuming price of Shiba inu will make new high in 2025 as crypto price increase in 4-year cycle so in 2025 we are expecting that cycle will be back. SO, price of shiba inu can reach $0.0009 in 2025.
In 2030, price of this coin will hover around $0.0012 which will be a great return for early investors if they stay invested in SHIB till this time. Many people have settled their mind that they will not sell their token until it reaches $1 levels.
Nothing is impossible in this world, to reach $1 levels shib needs to burn their supplier of token. If there are less token in market and demand is high than price of Shib can reach to $1 otherwise with current supply its are to say that It will reach $1 by any chance.
No way that Shib can reach $10, to reach at this level market capital of shib needs to be 10x- 20x of bitcoin, which I don’t this is possible for this meme coin. People was buying this token as a lotto instead of serious investment.
No there is no chance that this coin can reach $100 at any cost but future is uncertain if they burn their supply by 95% than it can reach these levels.
· We don’t think so that Shib is good for investment because of many reasons such as:
· It is a meme coin with no use case
· People was investing in this coin because of hype around it after dogecoin.
· People treated this coin like a lottery.
· This coin has supply of over 1 trillion tokens.
