What may have started as a meme fest and a dogecoin killer is proving more than this or that. It has attracted a lot of investment interest, making everyone wonder about its future. Those deep into the crypto market can instantly recognize that this is about Shiba Inu (SHIB). Are you looking to enrich your portfolio, or are you a newbie considering taking safe and smaller bets? No matter what, you would want to dig into its price history. And the famous views around its performance to determine your choice.
Forecast for Shiba Inu price 2022
The constantly expanding community of this meme coin makes this hottest asset even more attractive. Because of an increase in its payment usage, there are expectations that its price can increase to USD$0.000031 this year.ShibaInu price prediction also considers its improved functionality in 2023 in the form of ShibaSwap and Shibverse. Due to this, one can imagine its value to rise to USD$0.000040. And if someone still holds this alt dogecoin till 2025. The price of the same coin can be as high as USD$0.0001 by year-end. The reasons for such an outlook are the development of decentralized exchange and Metaverse and its growing community.
A flashback of Shiba Inu’s price
If you check the best meme coins, which are also popular as shitcoins, you will realize that this coin entered the market in 2020, with one unit of this costing around USD$0.00000000051. However, it stole the focus in 2021 when the crypto market was peaking at all its glory. The wave after wave pushed its popularity further up, whether any reputed exchange listed it on its platform, some celebrity tweet hinted at it in good humor, or someone credible donated it to a relief fund set up for COVID.
At the same time, the news around its new functionality also contributed to price appreciation. For example, you can consider the launch of the decentralized exchange ShibaSwap. Then, the association of ShibaInu with Shopping.io was another boost, which led to its use at places like Amazon, Walmart, and eBay for payment. However, in November 2021, the coin made a real splash by capturing the market as the leading meme coin, leaving behind Dogecoin. Its price shot up toUSD$0.00008845.
Going by all the experiences, the lull on the side of Shiba Inu due to the overall crypto market conditions can still feel tolerable. Everyone thinks the currency will appreciate as its functions and features improve in the future. And the positive views suggesting the possibility of the coin’s price reaching the USD$0.000031 mark make it a hopeful situation for investors.
What should you do? You may wonder if this is the right time to put your money into this. Well, any reasonable investor waits for the prices to drop to buy an asset and releases the same when they notice remarkable profit-making opportunities. Going by this, the lower price and the positive sentiments hint that accumulating this coin at this time can be a good idea. Once the price soars to a decent or excellent level, one can release and cash in on the opportunity.