Not many would know the agile, medium breed dog existing somewhere in Japan, till some seven years ago! Subsequently, when 2013 blew everyone’s minds off, introducing a meme currency, it didn’t stop there. Dogecoin entered the market featuring the Shiba Inu, a Japanese dog breed.
The year, 2020 shook the crypto space again with the threshold of Shiba Inu, this time a cryptocurrency itself featuring the dog breed in convention and logo. Quickly renamed as the Dogecoin killer, the network is sure it would stay ardent to the tagline!
With an ironic price trend, $1 guesses are viral on the internet. Don’t dwell on wild conjectures, gobble up the latest news, updates from the network, Shib prediction, and many more!
Table of contents
|Market cap||$ 3,426,076,006.0000|
|Circulating Supply||$ 497,730,966,630,395.7500|
|Trading Volume||$ 464,980,747.0000|
|All time high||$ 0.0000 May 10, 2021|
|All time low||$ 0.0000 November 28, 2020|
What is Shiba Inu (SHIB)?
Being the native and the very first token of the network, SHIB is powered by the Ethereum Blockchain, unlike Dogecoin that works on a similar tech to that of Bitcoin. To make the trade and exchange easier, the tokens are designed to be Fungible tokens as the ERC-20. Working on the Ethereum network, it is a definitive way for creating and issuing smart contracts on the blockchain.
Built-in August 2020, the founder is dubbed as Ryoshki and is still unidentified. Moreover, going with the name, the network also invites every dog-inspired artist to the ‘Artistic Shiba Movement’. Afterward, it is also planning to fetch Shiba Inu to NFT market.
Following SHIB, the network enlisted the next token, called LEASH. Kick starring as a Rebase token, the network quickly flipped into fungible form like the former token. Unleashing the token, the keys were burnt and currently, the token has a fixed supply of 100k. Anyone who keeps up the liquidity of the currency will receive special rewards, says the network!
Being in the market as a developing project, the network is highly secure as it is powered by Ethereum. With Ethereum planning to switch from PoW to the PoS consensus mechanism, we can expect Shiba Inu to have a part of favors from this transition!
For anyone eager to swap the SHIB and LEASH, the network officially states Uniswap to be the safest exchange option. That is to say, most CEX might lock funds and so a decentralized exchange is always satisfactory for trading anytime! Further, the network’s latest project marks to ‘Shiba Swap’. It’s its very own decentralized exchange to quickly swap the tokens at ease. The network shared that the DEX is currently undergoing security tests, audits, and final updates for the launch.
SHIB Price Prediction for 2021
Despite its launch in 2020, the altcoin began trading at a negligible price only after 2021 rolled out. When Vitalik Buterin sold off his Shib tokens, the price dipped greatly and fell near $0.00001809 from $0.00003043. The Shiba price rallied to a record high in May, surging by 400% from 0.00000153 to 0.00003504. But due to the market crash on 19th May, the price saw a huge dip by 200% reaching $0.00000818 on May 21st.
The token has been on a downswing thereafter hovering around $0.00000786 and failed to come back on a very high note still. The SHIB price has always hit the prime sides, quickly after being listed by any exchange. When Binance listed the token, the price moved towards the north. If in the coming months, new exchanges list SHIB, then the price may erupt again and might even hit $0.0000183 by the end of 2021.
On the other hand, if SHIB rises in volatility then the price may strike at the bottom end at $0.00000567. However, if the coin continues to trend in the market with its current traders, then SHIB token price may move at average figures of $0.00000924. The expected maximum price that SHIB could hit will be around $0.0000178.
Shiba Inu Price Prediction for 2022
If this year closes on a high note, the 2022 SHIB trade might commence with price value being bullish at $0.000018. But considering volatility troubles, if the price dips to minimums, it might lose momentum stepping into next year’s trade. So then, the SHIB price may resume 2022 at $0.000006.
If the network’s own DEX gets launched and runs flawlessly by 2022, the price might smash a $0.00003 mark. But, if Shibaswap does not become a practical reality, with usual buying and selling pressures, the average price for SHIB would be $0.0000228.
In contrast, if PoW becomes a hot debating topic again among various Crypto celebrities, a possible market crash might happen next year. In such a case, we can expect the price to hit support levels at $0.0000193.
SHIB 5 Years price Prediction
Shiba Inu is more of a community-driven network, which has put the bulls on cards for the altcoin. In the coming years, if it manages to maintain a similar technology, it can move at decent figures even though there is not much development poised. By the end of the next five years, SHIB might trade at $0.0000861, at average front.
The meme coin movement is gaining huge support from a diverse group of investors. Without following any formalities and protocol, if the meme currencies manage to keep up the hype, the world may see a better version of a fun and friendly digital coin. And so, the SHIB price can flip to $0.0000263.
A major concern about the network is the liquidity, and if investors fail to keep up the levels it might even end up getting delisted from prominent exchanges. In such conditions, with FUD, the token price might knock over at $0.0000497.
What Does the Market Say?
According to Walletinvestor’s algorithm-based prediction, the price will reach around $0.000008 by July 2021. Additionally, they also believe that the price will further increase and by the end of the next five years about 0.000065 USD.
According to digitalcoinprice, the price of Shiba Inu will not go down and will reach about $0.00001281 by the end of 2021.
Their predictions say that Shiba Inu is a good investment and the price is set to soar. They believe that the price will reach a maximum of $0.0000231 by the end of 2022.
Shiba Inu has been performing with rapid bulls for quite some time with Joke currency fanfare. Combating Dogecoin, the killer coin might rise in popularity with a decentralized Shib developers army. An increase in FOMO equals to increase in surge levels. Shib-1, FUD-0! According to Coinpedia’s formulated Shiba Inu Price Prediction, if the above scenario arises, then SHIB might hit maximums and new ATH at $0.0000812 by the year-end.
Sticking to the fact that Chinese investors hold a significant amount of these tokens, any new regulations from the country can stake the coin’s future. Also, if the social background for the coin disperses, then the price can entangle into a bearish hook, and might even fall at $0.00000869.
|Year||Potential High||Potential Low|
How SHIB Price Performed Earlier?
2020 and 2021
Though the coin was found in August 2020 and it never saw a considerable price and remained negligible until April 2021. After being listed by renowned exchanges, by April 20, it reached its first price of about $0.000009 and surged quickly to $0.000038 by May 9, 2021. However, on May 13, it saw a drop of about 40% and reached $0.0000180 after Buterin released a part of his tokens to the Covid-19 relief fund. In addition, When the market crash lined next on the list, the price dropped further to $0.00000913. Later with the bulls outgrew the bears and paved the way to hit $ 0.0000388, a new ATH on May 10. Resuming June, the SHIB price was $0.00000929.
Yes, according to the predictions it is good to invest in Shiba tokens. The long term earning potential is +102.32% in one year.
The highest price will be about $0.000066 in the coming years.
SHIB’s future is uncertain, and experts caution that it may already be too late to get in on the action.
SHIB tokens can be bought on major trading exchanges like Binance, Okex, etc, and can be swapped on DEX like Uniswap.
Hailing itself as the ‘Doge killer’ in reference to former crypto Dogecoin, SHIB has shown extensive growth in the market. Fans and investors are now, inevitably, wondering whether SHIB will follow Doge to the moon and hit the one dollar mark
Disclaimer: This piece of Article is only for informational purposes. It is not trading or financial advice.