No one could expect Shiba Inu’s incredible success in 2021. Except perhaps the trader who turned an investment of USD 8,000 into USD 5,600 million in a matter of 400 days with Shiba Inu. Shiba Inu is extremely volatile and the token is down quite a bit from its peak. The rise of meme coins was led by Dogecoin, and Shiba Inu took advantage of this growth.
Related content: How to Buy Shiba Inu (SHIB)
Even though Shiba Inu is down from its highest prices of all time, there may be more in 2022. However, some investors speculate that the meme coin is dead. Let’s take a look at some bullish and bearish price predictions for Shiba Inu.Shiba Inu versus Dogecoin
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Shiba Inu (SHIB) shares the same mascot as Dogecoin (DOGE), a friendly Shiba Inu dog. Both cryptocurrencies have a huge supply in circulation, but SHIB has a much larger supply, which makes the price per cryptocurrency much lower than the DOGE price, even with the same market capitalization. This is why it is important to use market capitalization instead of price per token. Seeing SHIB at $0.0000XXX doesn’t mean it’s undervalued compared to other cryptocurrencies with fewer tokens and a higher price for each.
ShibaSwap is an ordinary decentralized application with a focus on providing liquidity. Users deposit (bet) their tokens on the platform to earn interest and commissions from other users who exchange tokens on the site. Shiba Inu, Bone and Leash can be wagered on their own or with other popular cryptocurrencies on liquidity pits.
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The platform shows relatively high interest rate estimates for each of its liquidity wells, but most of these have at least one extremely volatile cryptocurrency in them. Anyone who deposits their cryptocurrencies in pits with volatile assets is severely exposed to an ‘impermanent’ loss, one of the most confusing ways to lose cryptocurrencies. In essence, the impermanent loss demonstrates the difference in value that the depositor would have ended up with if he had simply held the assets instead of depositing them in a liquidity fund.
Shiba Inu burst into the popular consciousness through some major events and his connection to Dogecoin, when this cryptocurrency was mentioned in a tweet by Elon Musk, CEO and founder of Tesla (NASDAQ:TSLA), drastically increasing the price of Doge and Shiba.
In addition, Vitalik Buterin, the popular visionary and co-creator of Ethereum (ETH-USD), helped SHIBA build the trend that drives its price. Buterin received 50% of Shiba’s maximum supply, partly as a joke and partly in the hope that he would not sell or move them out of circulation. Instead, Buterin sent about $1 billion of Shiba to India’s Victim Relief Fund. This gift generated a lot of interest in SHIBA, which helped the price of the token skyrocket.
Start buying and selling cryptocurrencies easily and safely with eToro, the best platform for crypto trading and Binance, the simplest to use. Market position of the Shiba Inu
Shiba Inu reached all-time highs above $0.00008 per token in early November 2021, surpassing Dogecoin’s market capitalization. At the time, the project’s market capitalization was in excess of $40 billion, placing it among the top 10 most valuable cryptocurrencies.
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However, Shiba Inu has fallen more than most other cryptocurrencies with the most recent correction in December 2021. It currently sits at around $0.00003 per token, which is less than half of its all-time high price. Dogecoin has held up better than SHIB and has since claimed its place as the most valuable meme coin by market cap.
Click here to buy or sell Shiba Inu easily and safely with eToro now. Wallet Investor’s Bullish Argument
Wallet Investor offers a useful daily prediction tool powered by artificial intelligence. The platform forecasts that Shiba Inu will drastically increase in price over the course of the next year.
It predicts that by September 2022, SHIB will reach about $0.000014. Apparently, not even the AI can predict the volatile price of Shiba Inu. SHIB has already exceeded this number, exceeding the expectations of most investors. While unlikely, the next target for Shiba Inu may be a market cap of $50 billion. With this valuation, the price per token would be around USD 0.0001.
As seen from the current price action, Shiba Inu has far surpassed the bullish case of Wallet Investor for Shiba Inu. Cryptocurrencies are extremely volatile and extremely difficult to predict. If Shiba Inu reached a price of $0.0007 per token, the market capitalization would be larger than Ethereum, making it the second largest cryptocurrency on the market. So if someone claims that Shiba Inu will reach $0.01, they probably haven’t considered SHIB’s already massive market cap. David Hsiao’s Bearish Argument
David Hsiao, the CEO of the popular cryptocurrency magazine, Block Journal, offers a more negative view of Shiba Inu. He notes that Shiba Inu’s success is almost entirely due to its partnership with Dogecoin. However, neither cryptocurrency innovates blockchain and finance technology. Instead, they are driven by fanfare on social media.
Hsiao’s case illustrates well the risks of buying Shiba Inu or Dogecoin. Over time, cryptocurrency will not be able to convince enough investors. However, it’s impossible to know when that will happen, and it could have massive success before it faints.
Start buying and selling cryptocurrencies easily and safely with eToro, the best platform for crypto trading and Binance, the simplest to use. Where to buy Shiba Inu
Shiba Inu is much easier to buy than a few months ago. It is now listed on many of the best cryptocurrency exchanges, including Coinbase, Binance, FTX Exchange, Crypto.com, and eToro. Before you can buy Shiba Inu or any other cryptocurrency, you will have to verify your identity.
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This often involves providing your address and ID. As soon as your identity is verified, you will be able to start trading with Shiba Inu.
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How long will it take Shiba Inu to reach USD 0.0001?
How much can Shiba Inu climb? Many investors in the Shiba Inu community argue about when it will reach $0.01 or even $1.
Either way, the question is far from useful. If Shiba reaches $0.01 with the same cryptocurrency offering in circulation, its market capitalization would be more than 4 times higher than what Bitcoin has today. If it reached $1, its market capitalization would surpass that of Bitcoin 100 times.
A more reasonable target for Shiba Inu is $0.0001, though it would still be an incredible feat because it would bring its market cap to over $60 billion.
If it can boost its spread even further, more than in May (when it reached its all-time high), especially following the news that Shiba Inu surpassed DOGE’s market capitalization. However, this is still unlikely and would require an enormous amount of publicity and capital.
Start buying and selling cryptocurrencies easily and safely with eToro, the best platform for crypto trading and Binance, the simplest to use. Shiba Inu price prediction in 2025
The price of Shiba Inu at the end of 2022 is ridiculously difficult to predict. If it continues to gain adoption in the general public year after year, it could surpass its all-time high and perhaps reach $0.0005 by 2025. This is an extremely tenuous prediction, but it can be a good estimate of the token limits. It won’t reach $1 or anything like that unless it becomes the largest cryptocurrency, or the dollar becomes almost worthless. Wallet Investor predicts a similar number, saying it may reach about $0.000048 in September 2025.