Analysts and traders by: The best buying opportunities come in the midst of corrections. So could it be worth investing in Shiba Inu (SHIB) meme coin now? There are attractive alternatives with better prospects …
Shiba Inu Coin Price Prediction 2022, 2023, 2024 & 2025
Shiba Inu Coin: How has the price evolved?
Shiba Inu Coin (SHIB) is currently trading at $ 0.00001674 after a 20% correction in the last 24 hours: the bears pushed the memecoin as low as $ 0.00001375 from yesterday’s high of $ 0.00001728. Subsequently, SHIB but recovers properly and rises almost to the pre-correction level.
Shiba Inu is doing well compared to the broader crypto market environment. Several coins are currently experiencing corrections of up to 50% – and without subsequent recovery. The biggest loser in this regard at the moment is Terra (LUNA): the cryptocurrency is on its way Daily minus of currently more than 55%! But Stepn Coin (GMT, -23.5%) and ApeCoin (APE, 19%) also show large losses.
Looking further back, the balance sheet of Shiba Inu Coin (SHIB) does not look very good anymore: SHIB had to lose 6.58% within the last year, based on the month it is 32.17% – and the weekly performance shows a loss. at about 19% (data from Nomics.com).
The question that many SHIB investors and those who want to become one now ask themselves is: Can SHIB get over this?
The Shiba Inu ecosystem is growing rapidly
If you only look at the price of a cryptocurrency, you can often get the impression that the coin is finished. But what you should take into account here: Several factors affect the price, unrelated to the development or state of an asset.
Most of the time, hard work continues behind the scenes when a cryptocurrency goes down – and the course only reflects this ongoing development at a later date.
The developers at Shiba Inu Coin are also working on numerous updates, milestones and improvements to the SHIB ecosystem. The continuous token burns, for example, mean that there are fewer and fewer Shiba Inu coins.
As a result, SHIB is becoming more and more rare – and it has the potential to have a positive effect on price. At the same time, Shiba Inu offers its investors an opportunity to generate passive income on a special portal for SHIB token burns!
The SHIB team wrote on Twitter about the latest token burning:
During the first 24 hours, over 8 BILLION SHIB were burned through the SHIB Burn Portal!
Burn SHIB and earn passive income at http://burn.shibaswap.com! “
In the first 24 hours over 8 BILLION $ SHIB was burned through SHIB Burn Portal!
🔥Burn $ SHIB and earn passive income at https://t.co/jSnPG8SEoF!
IMPORTANT: Read disclaimer at https://t.co/D91bVoMUtz pic.twitter.com/GmhxNdZavi
– Shib (@Shibtoken) April 25, 2022
Shiba Inu develops her own Metaverse
In addition, Shiba Inu has recently started selling lots for his proposed Metaverse. You can now bid on land in the SHIB meta-verse on Shib.io!
THE PUBLIC SALE is now open at http://SHIB.io!
Land can be bought by anyone (no lock required)
🏝️Land prices from 0.2 ETH
🏝️MetaMask wallet required
Coming soon: Pay with $ SHIB “
#ShibArmy – THE PUBLIC SALE is now open at https://t.co/919hWkghKq!
Lands are available for everyone to buy (no locking required)
🏝️ Base prices start at 0.2 ETH
🏝️MetaMask wallet required
– SHIB: The Metaverse (@ShibTheMV) April 23, 2022
Also positive for Shiba Inu Coin: the recent listing on Robinhood, a popular trading app. Shiba Inu Coin can now be found on several large and popular crypto exchanges such as Binance or eToro – and this is potentially bullish on the meme coin.
Because: Now it is possible for a wide mass of investors invest in Shiba Inu Coin without much effort or prior crypto knowledge.
– Shib (@Shibtoken) April 12, 2022
However, it is doubtful whether the meme-coin application can succeed in the long run – Dogecoin (DOGE) as a direct competitor does not rest on its laurels, and can also count on Elon Musk as a supporter. So what are the long-term predictions for Shiba Inu Coin?
Long-term forecast for Shiba Inu Coin – until 2023, 2024, 2025 and 2030
How could Shiba Inu Coin develop in the long run? What prices do current forecasts predict? Here one can state: Predictions are still bullish on Shiba Inu.
- Walletinvestor.com, for example, refers to Shiba Inu as “fantastic” long-term investment. SHIB is expected to rise to $ 0.0000414 within the next 12 months. Compared to the current price, this equates to one An increase of more than 150%. The 5-year forecast for SHIB also expects profits: According to this, the coin will move to $ 0.000133 in 2027 – this corresponds to a return of 705%.
- The latest price forecast from Gov.capital is significantly more bullish on Shiba Inu. SHIB already sees it rise to $ 0.000128 in May 2023 (+ 674%!). And according to the long-term forecast, by 2027 there will even be $ 0.000928. Or put another way: Gov.capital expects SHIB within the next five years with a return of 5,517%!
- Coincodex.com on the other hand is bearish on Shiba Inu. Therefore, although 3 technical analysis indicators signal bullish signals, there are 25 bearish signals.
Is Shiba Inu Coin the best cryptocurrency to buy in 2022?
Due to the intense price declines of the last few weeks, Shiba Inu Coin is in the opinion of many traders in a favorable entry area. However, it is doubtful whether the meme coin will actually succeed to revive momentum as 2021 and return to its former heights. Coincierge.de tip for investors looking for a coin that could see an explosive rally: new cryptocurrency platform Lucky Block (LBLOCK). The project is approaching a significant milestone, plans to launch its crypto-based contests this month!
Then there is the first time for investors big money to win: Currently is more than $ 2 million in the prize pool – and the team also distributes the associated Lucky Block NFT collection one-time $ 1 million and a wildly expensive Lamborghini Aventador! New price: from 320,000 euros.
Free raffle for LBLOCK holders
What’s more: You can enter the draw at Lucky Block for free! Requirements: You already have LBLOCK in your wallet, ie the project token.
It can be purchased directly from Lucky Block – so there are no extra fees. But that’s not all, because: with the purchase of LBLOCK you not only get the opportunity to participate in the daily draws of crypto-lotteries for free, but also a potentially lucrative investment.
Background: The Lucky Block team claims to be developing a gigantic cryptocurrency ecosystem – the first and only of its kind The goal: to become a top 100 cryptocurrency.
This should then cause the price of the LBLOCK token to explode. It is estimated that the competitive market will reach as much as $ 430 billion by 2026! Even the largest US stock exchange Nasdaq.com writes about Lucky Block – here in their article “3 cryptocurrencies for May 2022”:
Check it out ⬇️https: //t.co/SGGSZuo4IH
– Lucky Block @ (@luckyblockcoin) May 9, 2022
“Early investors in the digital asset are understandably excited. Many believe that the platform could get a piece of the pie by increasing transparency through blockchain technology.”
The sweepstakes platform is expected to offer frequent and increasing payouts, according to Nasdaq. And they can be seen: Winners receive 70% of the prize pool, while 10% of each jackpot is awarded as a reward to token investors. A further 10% is set aside for growth and marketing, while the remaining 10% is set aside for charity.
Last updated May 10, 2022
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