New Delhi: Self hailed as Dogecoin killer, Shiba Inu is one of the coins that has grown in popularity since Doge skyrocket into the crypto market. Shiba gathered huge attention and emerged as one of the favored choices of investors but this may not be enough to save it from the bear’s territory.
Dogecoin was first released into the market in 2013 as a joke by its creators, Jackson Palmer and Billy Markus. Since then, the coin has grown in value to become an up-and-coming currency.
Not much is known as to from where the Shiba Inu coin came but it works as part of a decentralised exchange website. Fans are now wondering if the Shiba Inu coin will follow its predecessor and rival Dogecoin while aiming to hit $1.
According to analysts, At one point in time, Shiba Inu registered a growth of over 120 percent in 24 hours and logged a staggering 1,970% gain in just 7 days.
Should you Buy?
According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to “give Dogecoin a run for its money”. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.
According to Wallet Investor, the price of Shiba could rise up to $0.000048, by the end of the year.
As per Gov.Capital, the price of Shiba could reach $0.000025 by June 2021.
According to AMB Crypto, SHIB might recover pretty soon.
“The token’s volume too has started to pick up the pace. If these two metrics continue to head in the same direction, SHIB’s price might rally soon,” according to AMB Crypto.
Market Sentiment for Shiba Inu
Based on our SHIB price prediction, a long-term increase is expected; the price prognosis for 2026 is $0.0000670. With a 5-year investment, the revenue is expected to be around +737.5%.Wallet Investor
The analysts believe the price of Shiba Inu will increase in the coming years. It is predicted that by the end of 2021, the price may rise and reach $0.0000202, which is twice the current price.Changelly
Our data indicates that the asset price has reflected a massive bull run for the past year, and it has tremendous long-term earning potential. The future price of the asset is predicted at $0.000018 by the end of this year.GOV Capital
The Shiba Inu price is forecasted to reach $0.0000121 by the beginning of December 2021. The expected maximum price is $0.0000155, minimum price $0.0000105. The Shiba Inu price prediction for the end of the month is $0.0000124.Trading Beasts
As per the latest news, research, and Shiba token price prediction, the coin might cross $0.00001258 by the end of 2021, and by 2025, it may record a new ATH around $0.000040.Digital Coin Price
Based on our analysis, the results are not very encouraging as the bears may be back for SHIB, and the SHIB price may drop to $0.0000009 in 2022 and pose a risk for investors.Reddit Community
