Shiba Inu is one of the most popular meme coins in the market. The self-proclaimed "Dogecoin killer" has proven to be much more than just some joke coin. As it attracts more investors, many are trying to decipher the Shiba Inu coin price prediction and the prospects for the asset going forward. Below, you'll get to find thorough detail on the Shiba Inu price prediction and where the market sees the asset going in the next few years. So, do you think Shiba Inu's price will touch a record high in April 2022? Let's find the answer in this article.
Shiba Inu was launched on August 1, 2020. The price of 1 unit of the asset cost US$0.00000000051. At the time US$100, was 196,078,431,372 SHIB.
But, Shiba Inu broke into the limelight in April 2021 with the markets' historic high at the time. This created a perfect opportunity for the self-proclaimed "Dogecoin killer" to thrive. Since then SHIB has become known as one of the most undervalued cryptos on the market.
Metaverse and NFTs are the recent trending topic among tech and blockchain enthusiasts. Therefore, not just Shiba, every cryptocurrencies' presence in the disruptive ecosystem is crucial for its growth.
Remarkably, Shiba Inu announced that it will be entering into the metaverse space with a planned launch of 'Shiberse' in 2022. On the other hand, it released 10,000 digitalized 'lovable creatures' for sale.
At the time of writing, Shiba was valued at US$0.00002183 with a market capitalization of US$11.99 billion. Since its peak at US$0.88 at the end of October, SHIB has listed more than 75% of its value and other cryptocurrencies have also fallen sharply. Although US$1 is way out of the radar, Shiba Inu could record impressive growth in 2022.
According to CryptoPredictions.com, Shiba Inu is expected to return to its previous highs. The prediction suggests that SHIB will touch US$0.000084 in Q1 2022 and continue to grow to US$0.000088 by Q3 2022.
Shiba Inu was first listed on Uniswap, and initially, it was trading at no value. But on May 8, it increased to more than 300%. The Shiba Inu token was the first one to appear in the Shiba ecosystem, and you can also buy it on Uniswap. But that is not all.
There are also some centralized exchanges where you can get SHIB tokens, including eToro, Coinbase, Webull, Crypto.com, and Binance. Moreover, since the ShibaSwap platform was also launched, you can now stake the tokens on the platform so you can "dig" for the Bones cryptocurrency.
There is also the "leash" token, but it used to be very unstable. Usually, stablecoins are pegged to different values, like the U.S. dollar, for instance. The leash was different, though – instead of being pegged to a dollar, it was pegged to the DOGE's price. For this reason, it was very unstable. Shiba Inu made a decision and the Leash tokens are not pegged to the price of Dogecoin anymore.
ZenGo Wallet is a non-custodial mobile cryptocurrency wallet that replaces the use of private keys in favor of facial recognition technology. This feature means there is no single point of failure and no risk of losing your coins in the event of a hacking or wallet loss. This is the best place for storing NFTs and crypto assets, and you can simply go to the ZenGo Wallet to trade crypto. If you are looking for a software wallet, then this can be a great choice.
Ellipal is a hardware wallet, and the coolest thing about it is that it stores more than 7,000 cryptocurrencies, including Litecoin, Bitcoin, XRP, and SHIB. If you have an ELLIPAL Titan Cold Wallet, the SHIB you bought can be stored under your wallet's ETH account and be kept secure with air-gapped security.
Disclaimer: The information posted in the article is for educational purpose only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.