Shiba Inu Coin Evaluation & Price Prediction

Shiba Inu used to be one of the most wanted coins on the market, and even though there are still investors who don't want to give up the thought of investing in it, the situation in the crypto market changes swiftly. It is necessary for all investors to stay informed about all the updates that may reflect on the investments in Shiba Inu. Let's go deeper into the Shiba Inu analysis, but we will also mention the coins that are in a far better position on the market right now!

Shiba Inu Price prediction

Before we dive deeper into the value that Shiba Inu may reach in the following years, let's take a look at this table:

The price of Shiba Inu at the moment of writing is $0.00001054, and there has been a price drop of 2.62% in the last 24 hours, which only shows just how volatile it really is. Shiba Inu has gone through numerous changes, and its value now is far from the value that it had at its peak, which was $0.00008 in November last year. It is unclear how the situation will change in the future, but looking at the current situation, investing in it now may not be the best decision to make.

What are the best coins to invest in instead of Shiba Inu?

With a lot going on in the crypto market, no one can blame the investors for searching for a better option to invest in, which is why we have made a list of the most popular coins on the market now. The top 3 cryptocurrencies that seem completely unaffected by the current situation in the crypto market are:

1. Tamadoge (TAMA)
2. Battle Infinity (IBAT)
3. Lucky Block (LBLOCK)

In order to help you understand better how investing in these cryptocurrencies can prove to be a wise choice, we will make sure to include the most important information regarding the position they have on the market.

1. Tamadoge (TAMA)

TAMA is a coin that managed to do the impossible – gather so many investors and end the presale in less than two months. During this period, Tamadoge managed to raise 19 million dollars and it showed the world that it is still possible to hit one goal after another despite the challenging situation in the market. In anticipation of the giveaway that will occur pretty soon, the early investors will get a chance to find out everything they want to know. The investors that didn't invest during the presale will get a chance to get their hands on their TAMA coins the moment Tamadoge gets listed on the exchanges, which will occur pretty soon, as planned. It has been announced that it will be listed on LBank and Pankakeswap, but there will certainly be a lot more news in the upcoming days.

2. Battle Infinity (IBAT)

Battle Infinity is a platform that attracts passionate fantasy sports players that will enable them to utilize all their skills and climb up on the leaderboard. With the play-to-earn system and the announced staking option, there is a lot that future investors can look forward to and explore the options for earning while having fun. It is expected that the IBAT price will go up to $0.24 by the end of 2025, and it is one of the reasons why analysts consider IBAT as one of the most promising coins now. IBAT tokens will serve players as means for exploring all the options that this platform has to offer. The exciting 3D world allows players to interact with others and explore this adventurous world which is why Battle Infinity is on top of everyone's minds right now.

3. Lucky Block (LBLOCK)

Lucky Block is an NFT Competitions Platform that provides plenty of opportunities for investors to explore earning options by investing in native coins LBLOCK V1 and LBLOCK V2, but also by buying NFTs from the Platinum Rollers Club. Buying an NFT is a great opportunity to become eligible for incredible prizes such as Lamborghini or a house. We are now getting closer to the LBLOCK token burn that will occur pretty soon, which is expected to cause a price rise that investors are already thrilled about. Lucky Block token burn will begin on September 30th, and it is expected that its price will increase in the coming weeks. Also, the announced Lucky Block Bridge will enable the investors to swap their V1 and V2 tokens effortlessly, which will also drive its popularity even more.

Shiba Inu's current position

Shiba Inu is a meme coin that got compared to Dogecoin a lot from the moment it appeared on the market in August 2020. It managed to rise to the stars with a 27,000% price increase in a matter of weeks. When it comes to the way that Shiba Inu is going through all kinds of shifts we are witnessing these days, the situation does not look so bright. We can expect a further price decline in the days to follow. While there was a slightly positive improvement on Monday, the expected positive influence of the Shiba Eternity card game launch did not perform as expected.

The developer of Shiba Inu, known by the name Shytoshi Kusama announced that burning one portion of Shiba Inu coins is planned for the following period. The analysts started noticing a bearish outlook on this whole strategy, and it is the reason why people are turning away from Shiba Inu with the intention of protecting their investments to the greatest extent. How successful it will play out is left for us to see, but in the meantime investing in coins that are looking stable on the market is an option that many investors have in mind.

Conclusion

Until the dust settles and we can see clearly how Shiba Inu could go from here, turning to the other coins in a far better position is the only logical step. With Tamadoge, which is on the verge of being listed on the exchanges, the announced staking option on the Battle Infinity platform, and the Lucky Block Ethereum Bridge, we have our hands full of incredible changes to look forward to, making it a perfect time to invest!