Shiba Inu Could take a Clothing Twist! Will its Price new Highs Through it?

Shiba Inu Community Gets Curious as John Richmond is Building a Buzz for Upcoming Milan Fashion Week 2022.

Sir John Richmond, an official business partner of Shiba Inu (SHIB), is ready to build a buzz with his new collection and loads of big news as Milan Fashion Week is just about to start. John Richmond, a famous English designer based in Italy, recently posted a tweet and announced that he is ready to display his new collection in the upcoming Milan Fashion Week starting from September 20^th, 2022. In addition, Shiba Inu’s official IRL business partner created curiosity among Shiba Inu Community by saying he would come up with “loads of big news” at the event and asked the Community a question: “What do you expect from this fashion week?” In his tweet, John Richmond wrote: Milan fashion week is just around the corner and the city is already building buzz. Sir #JohnRichmond is ready to present his new collection with loads of big news coming your way. What do you expect from this fashion week? #LegendsLiveForever #SHIB #fashion  #ShibaJohnRichmond  

What’s more with Shiba Inu?

Shibarium is a blockchain/layer-2 solution first proposed by Ryoshi, the creator of Shiba Inu Coin. Once it launches, SHIB tokens will be migrated to the L2. Ryoshi initially used the phrase blockchain, Shibarium is more likely to be an L2 that sits on top of an already existing (Ethereum) blockchain. The SHIB creator said: “The line between an L2 and own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?” It’s worth noting here that Shibarium is not its blockchain, nor does it mean there is a Shiba Inu 2.0 token coming. SHIB will remain connected to Ethereum. One of the primary goals will be to lower transaction fees for those in the Shiba ecosystem. Ryoshi first said that Shibarium’s transaction fees will be minimal, or even zero. Speaking on the Shiba Discord, Shytoshi Kusama, the Shiba Project Lead, said “Shibarium will offer low fees for every service, game or whatever that builds on it.”  

Shiba Inu’s Future

2021 was an eventful year for many cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Shiba Inu, etc. However, among the front-running tokens, SHIB scored big in the past year. Besides the long-term gains, the Dogecoin killer also recorded some whopping short-term profits that made investors go berserk. However, things have been dark for Shiba Inu in 2022. The cryptocurrency was fighting against the bearish trend that surmounted the whole market. Fortunately, Shiba Inu managed to break through the odds and recorded impressive growth in March. In the past week, it registered a 20% spike, according to CoinMarketCap data. On the other hand, ShibArmy is also trying its best to bring back SHIB into the spotlight. Constant burnings and newly-added features in the Shiba Inu ecosystem are expected to pump in more value this year. Therefore, investors are already staking up the Shiba Inu token before it could go on a 2021-like rally. Remarkably, this Shiba rally in 2022 came as a big surprise to many crypto enthusiasts. Although SHIB didn’t disappoint the investors despite the bear takeover, the market was not expecting the beginning of the bull run in March. Shiba Inu has now managed to pair up some of the losses made this year and is already above its 20 and 50-day exponential moving averages. Still, it has to keep up the pace to break its temporary resistance level. But according to predictions, SHIB could record a 100% spike this month. Shiba Inu has introduced ‘SHIB’, its metaverse initiative. To compete with Decentraland, the community has unleashed SHIB to form a perceived virtual reality environment. It is aimed to create ‘one of the strongest communities ever gathered in all of the crypto’s history. Recently, Shiba Inu has made its debut in Netcoins, an online cryptocurrency brokerage that makes it easy to buy, sell, and hold cryptocurrencies in Canada. Besides, fashion brands including John Richmond have announced SHIB and LEASH burns to pump the value of the tokens. Anonymous whales are also purchasing Shiba Inu tokens in large numbers. On 30^th March alone, over 621 billion SHIB have been secured by the top ETH whales.  

Will Shiba Inu ever reach US$10?

A prediction of Shiba Inu made by a crypto-research firm- Telegaon that employs AI has caught sight of the community.  The firm expects SHIB to hit a maximum of US$9.61 by the year 2050. Learning from the detailed analysis, SHIB is expected to hit a new ATH by 2025, following the halving of Bitcoin. The analysts expect Shiba Inu to claim a new ATH by 2040. As the canine coin could have lost 50% of its supply to burns. While the predictions are overwhelming for any SHIB holder, however, since the US$9 target is decades ahead. We cannot really expect things to unfold alike, as the digital asset would undergo an “n” number of events over time. In a note-worthy instance, Shytoshi Kusama cited that the bear market opens up the best opportunity for one to buy or burn. The statement coming from a known personality from the team has infuriated sections of investors. Who is now criticizing the platform for the lack of burn initiatives from their end? Talking of burn events, as of press time 410,369,970,331,037 SHIB have been burnt from the initial supply. As per Shibburn, the burn rate over the past 24 hours has hit +162.98%, with the count at 220,985,769 SHIB. Wrapping up, with the initiatives such as developmental and burn events, the price of the meme coin could eventually rise to greater heights in the higher timeframe. Moreover, SHIB being one of the top holds of the top 100 ETH whales, will further upkeep the price during extreme volatility.