In 2021, Shiba Inu had a tremendous season of which many were made millionaires. This year, investors want to know if Shib will ever reach $1.
Following the rise of Dogecoin, the value of SHIB increased from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, a gain of approximately 26,000,000%. This increase was facilitated by major cryptocurrency exchanges allowing trading in SHIB, and meme coins remained popular following the earlier rise of Dogecoin.
There has been a big drop in the value of Shiba Inu, but it still has a value of almost $19 billion. You can see how impressive that is on its own, but when you dig a little deeper, the story takes on a whole new level of mythology. If you bought Shiba Inu tokens for $17 last year, they would be worth $10 million today. That’s because the price has gone up 60,000,000% since November 2020.
Only very few (if any) things have ever made so much money in such a short amount of time. After Shiba Inu fell 60% from its high, many investors are hoping for the same thing to happen with the company again.
In fact, some Shiba fans think the token will be worth $1 by 2025. That means it has another 2,965,500% upside from its current price of $0.00003372. That’s an annualized return of 1,212% over the next four years, which isn’t very good compared to how well it has done in the past.
Shiba Inu Price Prediction for 2022
After the Shiba Inu coin’s price increased in 2021, the meme coin’s price dropped by more than 60% from its all-time high in October of last year. Despite this, Wallet Investor’s analysts anticipate the currency will show optimistic signs in 2022 and may possibly surpass its all-time high.
SHIB coins have lately been acquired by a number of huge “whales” who have taken advantage of the price reduction. Holders’ interest in the coin may indicate that its price will rise in the future.
SHIB may get a lot of attention due to the growing popularity of cryptocurrencies throughout the world. The demand for cryptocurrency, as we all know, influences its market capitalization and, as a result, its exchange rate. Shiba Inu’s average price in the first half of 2022 might be approximately $0.00005306.
What do you think? Could Shiba Inu really hit $1?
With a live market value of 17 billion 631 million two hundred thousand five hundred four dollars, another large Shiba Inu rally looks to be on the horizon after a rough start to the year. After becoming one of 2021’s most popular meme currencies in late October, Shiba Inu has been losing value, with part of this due to governments threatening or adopting cryptocurrency bans.
Russia, for example, recommended a full ban on cryptocurrencies in late January; inflation is also a key factor. The Federal Reserve plans to boost interest rates in March to battle inflation. Despite the fact that it was listed on the cryptocurrency exchange CoinDCX in November, Shiba’s price has been steadily declining. Shiba Inu was previously exclusively accessible in a trade-only mode on CoinDCX pro last year Shiba Inu.
Shiba, India’s first cryptocurrency startup, was valued at over a billion dollars, granting it the coveted unicorn status. On October 28th, Shiba achieved an all-time high of 0.00008 845. The value of Shiba surged earlier that month as a consequence of a tweet by Tesla CEO Elon Musk. Mr Musk owns a Shiba Inu dog and posted a photo of it on social media, igniting a nationwide outcry.
Many cryptocurrency enthusiasts have forecasted the value of Shiba Inu in 2022, but their projections should be taken with a grain of salt because they are based on Musk’s cryptocurrency and are far from guaranteed. According to the bitcoin website wallet investor, certain cryptocurrency analysts have made forecasts.
In a year, Shiba, for example, is estimated to be valued at only 0.0000621. According to the coin price estimate, Shiba will be worth 0.00007372 by the end of 2022 and 0.00009584 by the middle of next year.
Shiba Inu will be valued at 0.00093572 by the end of 2022, significantly more than a million, based on the number of holders. Is it possible that nearly one million Shiba Inu owners are mistaken? According to Don Guo, CEO of Broctagon fintech business, the Shiba Inu, on the other hand, will lose 1-0 in 2022, implying that it would take a long time for this cryptocurrency to reach $1. It’s impossible for Shiba to achieve $1.
This is however contrary to the Shiba Inu prediction provided by Digital Coin Price. In accordance with the Shiba Inu forecast offered by Digital Coin Price, the cryptocurrency’s future price might hit $0.000038 by the end of February.
By June, the price of the SHIB coin might reach $0.00002850948 per coin. Long-term earning potential is +160.70% in a year, according to Wallet Investor’s calculations. The Shiba Inu coin appears to have the potential to be a profitable investment in 2022.
Does the Shiba Inu coin have a future?
When it comes to SHIB’s ability to reach the moon, experts in the crypto business are split. Here are some points of view to consider before making an investment decision:
Shiba Inu is expected to hit 0.000064, a growth of 814.29%, according to Wallet Investor. So, if you invest $100 in SHIB tokens now, it may be worth $914.29 in 2026, according to them.
Shiba Inu might reach 0.000061 in 5 years, according to Market Realist, implying a 620% gain. “If Shiba continues that rate of growth, it may hit $1 in 2021,” they say. However, if it rises at a pace of 20% each month, it will take five years to reach the $1 mark, putting it in 2025 at the earliest.”
“The expected Shiba Inu price by the end of 2021 is $0.00001628, with a year-over-year change of +799%,” according to Coin Price Forecast. The increase from today through the end of the year is +130%. The Shiba Inu price will rise to $0.00002684 in the first half of 2022; in the second half, it will rise to $0.00000490, closing the year at $0.00003174, a 348% increase over the present price.”
Liam Andrew Wright, a crypto specialist writer for Benzinga, believes SHIB has a bleak future. He stated, “
‘’I am not saying that Doge, Safemoon, or Shiba Inu are baseless projects without any strong fundamentals. I am saying that these projects have risen due to social media hype and community momentum rather than their fundamentals.
The fundamentals of the project are only discussed in hindsight on subreddits for the most part. Doge is the epitome of a hype play, and without Elon Musk, it would unlikely be in the place it is today.’’