Can Shiba Inu At Least Reach US$0.5 in 2022? Let’s Explore

Shiba Inu will eventually dominate the meme coin market in the near future

Shiba Inu became one of the most popular coins in the market. The self-proclaimed 'Dogecoin-killer' has proven itself to be of much more importance, despite harsh criticism and negative investor analysis. The Shiba Inu coin produced massive profits in 2021 and astonished the crypto market with skyrocketing profits. The most obvious reason SHIB was unstoppable in 2021, was due to its increased visibility. As the token rose the ranks in popularity and market capitalization, so did its market liquidity and investor community. Shiba Inu celebrated its growing community in 2021 as it crossed 1 million. In fact, it became the most-searched cryptocurrency in 2021, overtaking Bitcoin and some other major cryptocurrencies. The launch of decentralized exchange ShibaSwap in July also helped its cause. But since the great crypto market meltdown in late 2021, major cryptocurrencies including Shiba Inu fell into deep trenches, making investors quite worried about its future prospects and opting for other affordable means of investment. But Shiba Inu has been working hard to improve its visibility and market relevance. Recently, its acceptance in the Robinhood crypto platform was sort of a dream come true for the SHIB investors and is actually a huge deal for the crypto. But will it help the crypto to reach US$0.5 in 2022?

The answer to this question is hard to determine, given the fact that despite improved visibility and acceptance in some of the most prominent crypto platforms, the market is still volatile, which means its prices may further increase with bullish price rallies like the ones in 2021 or may dive further proving the criticisms against it to be true facts. Apparently, experts believe that it's recent listing in the Robinhood platform is now supposed to enhance its market value. This instance will also be accompanied by the excitement and speculation surrounding the expected launch of layer-2 blockchain project Shibarium in 2022, as well as the development of an NFT-driven game. Currently, there is no reason to doubt that Shiba Inu will not reach US$0.5 by the end of 2022. In fact, most individuals are joining the crypto market to not miss out on the fun and the opportunity to legitimately discuss the popular cryptocurrencies and their market movements, Shiba Inu included. 

Is Shiba Inu a Worthy Investment in 2022?

Shiba Inu grew almost 49,000,000% in 2021, according to reports, and a price rally like this is quite hard to find. The crypto's recent bounce has gained quite a positive momentum, and the rebound is actually much needed after SHIB lost more than three-quarters of its value over the past couple of months. But is this bounce rate enough for the crypto to beat Dogecoin and reign over the meme coin market? Maybe, in the near future, but right now the SHIB token needs to work even harder to gain a price rally as monumental as 2021. But yes, seeing the future prospects of crypto, it is quite evident that SHIB is a good investment in 2022. Shiba Inu in 2022 is set to progress, giving tough competition to Dogecoin and other major cryptocurrencies for dominance. 

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Disclaimer: The information posted in the article is for educational purposes 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.