SHIB Retreats, Right Time to Buy or Sell?



Shiba Inu Price Prediction: SHIB Retreats, Right Time to Buy or Sell?

Shiba Inu Price Prediction 2022 is 0.0000269, The Current Outlook is Marginally Negative. For the next 24 hours, Shiba Inu is predicted to trade in a range of $0.0000129 and $0.0000132.

The Technical Recommendation for the next 24 hours is Buy

Shiba Inu Price Prediction 2025 is 0.0000557

Shiba Inu Price Prediction 2030 is 0.00023

73% predicted that Shib will breach 0.000015. This Prediction has come True

Read our detailed analysis on Shiba Inu Coin Price Prediction.

Shiba Inu [1 SHIB In USD]

Shiba Inu was trading 0.98% lower at $0.00001319. Market Cap: $7.23 B, Trading Volume: $450.4 M.

  • This is the highest level for SHIB since May 2022. In terms of YTD Performance, SHIB is now on par with DOGE
  • Shiba Eternity was launched in Vietnam and would soon be rolled out Globally
  • Our analysis finds little correlation between Shiba Inu price and Whale behavior

Why did Shiba Inu Surge?

  • Shiba Inu’s surge has mostly depended on the surge of crypto market and the current market is on the rise over the last 8 weeks
  • The immediate reason for the surge could be Shiba Eternity, Shiba Inu’s game.
  • One of the important factors that will help the surge of Shiba Inu will be the current US inflation rate. The inflation has finally come down to 8.5 and this is good news for cryptocurrencies.
  • The developers of the Shiba Inu are working to improve the ecosystem of Shiba Inu so that more investors will be attracted to SHIB
  • As we know Shiba Inu is a token issued on the Ethereum blockchain. The transaction costs on the ETH blockchain are quite expensive and the speed has been a question for some time. The ‘Meme Coin’ developers no longer want the Shiba Inu coin to be called Memecoin. Expanding their ecosystem, Shiba Inu developers are working on their own blockchain, Shibarium which is expected to be launched this year. Once Shibarium is live, Shiba Inu will be free from the ETH blockchain and there are high chances of Gas fees going down after that.
  • Since the crypto market crashed, there was hardly any bull action as the surge that used to happen was always short-lived. However, in the last few days, it was noticed that the surge lasted for a couple of days and the crash has not been as brutal as it was the last few weeks ago. Therefore, it is clearly evident that the bulls are once again backing the SHIB and the price is expected to rise in near future.
  • As per our analysis, it was noticed that every time there was a surge in the price of Crude oil, the crypto market crashed. In the last few months, the price of crude oil has soared and it’s clearly reflected in the crypto price. However, in the last few weeks, the crude price has decreased and the overall outlook of the crypto market has improved. So as the crude price decreases further, there are high chances of the crypto market improving further.

Shiba Inu Price Prediction: Here are two factors that hint at Shiba Inu’s Existence 

  1. Whales: Shib price in the past has been mostly driven by the Whales. One data also shows that SHIB is the biggest altcoin or the favorite altcoin among the ETH whales. In addition, as per the IntoTheBlock, 28% of SHIB holders are older than 1 year. This shows that investors are in no rush to exit the crypto despite sluggishness.
  2. The Lunarcrush Social metric shows mentions of SHIB have increased by over 11% (43.96k), which eans that despite the price drop, investors’ interest is intact.

Why Shiba Inu Is Not Dead?

It is no hidden fact that SHIB’s price had crashed below $0.000010 but it has been trying to recover and has been able to rise over $0.000010. But there is an extreme fear about SHIB’s existence. But we believe that Shiba Inu will survive this period and once again start rising. Here are the reasons why Shiba Inu is down but not out:

  1. Shiba Inu recently became the favorite altcoin for the ETH whales. It is reported that the SHIB holdings among the ETH whales are at the ATH. As per Whalestats, the average Shiba Inu holdings among the ETH whales are 463.5 billion SHIB tokens.
  2. The second and the most important reason for SHIB’s journey not going to end is the increase in wallets holding SHIB for more than a year. In the past, it was noticed that just about 1 percent of SHIB investors had been holding SHIB tokens for 1 year or more. Now the latest data by IntoBlock shows, that there are over 28% of SHIB holders who have been holding SHIB for a year or more. This gives an affirmation that the SHIB investors are holding on to their assets rather than quitting the market.

Shiba Inu Price Prediction 2022, 2025, 2030

Shiba Inu coin price is likely to rise over the next few years. With substantial efforts by the core team, Shiba Inu is seen differently from other meme coins.

  • Payments – Partnerships (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
  • Rewards (Leash)
  • Bone (Governance Token)
  • Metaverse (Fairly New) – Shib has aggressively moved towards building a Metaverse as most of the cryptocurrencies in that space have lower Market Caps than Shiba Inu. The Metaverse will enable users to conduct commerce using $SHIB. This looks promising but it is early days of execution as of now. The company has begun execution by auctioning Metaverse Land
  • Shibaswap (DeFi platform)

Here are the aggregated forecasts for Shiba Inu

Forecast
Shiba Inu Price Prediction 2022 $0.0000269
Shiba Inu Price Prediction 2025 $0.0000557
Shiba Inu Price Prediction 2030 $0.00023

Read: Here is every reason why Shiba Inu Price Pumped or Dumped in 2022

Read about Bitcoin Price Prediction

Key Questions about Shiba Inu

Shiba Inu Price Prediction: Will Shiba go back up?

The likelihood of Shiba going back up is contingent on the following micro and macro factors

  • Proven performance (no promises) on Shiba’s development plans – Shibarium, Metaverse, and such
  • Burn rate that should increase to 3-4% per annum
  • US Inflation rate is beginning to fall and the Fed is signaling that it won’t increase interest rate anymore

What are the Use cases of Shiba Inu?

The use cases of Shiba Inu have increased, there are many outlets both offline and online that have started to accept SHIB as a form of payment on some if not all of their goods. Shiba Inu’s company is also working on the project to make a SHIB Metaverse which will give some utility to the token since SHIB will become the native token that can be used to purchase land or earn SHIB by selling it.

What are the Risks of Investing in Shiba Inu?

Investing in Cryptocurrencies is not for the faint-hearted. Altcoins (any coin other than Bitcoin) are very volatile and could swing 5-10% every day for days together. So, if you are uncomfortable with that kind of volatility, Shiba Inu is not appropriate for you.

Some of the best-performing cryptocurrencies in 2022 were very differentiated from the rest. That aside, Shiba Inu was not a fully differentiated cryptocurrency at the time of launch. While it is differentiating itself now, that is still a work in progress. If SHIB fails to differentiate itself sufficiently, new investors are likely to invest in cryptos that quite different from the others.

Is Shiba Inu worth buying?

Crypto investments are subject to market risk and many factors from around the world influence the price of cryptocurrencies. Recently, crypto investors lost a huge investment due to the Luna crash and since then there have been many questions about cryptocurrencies.

Shiba Inu is a meme token created as an alternative to another meme token Dogecoin. Therefore, a question arises, Is Shiba Inu a safe investment, or is Shiba Inu worth buying? We will be highly cautious when answering this question as investing in cryptos includes finances and wrong advice could lead to huge financial losses.

Shiba Inu was launched as a meme coin but its developers are working day in and day out to shed off this meme coin tag. Shiba Inu developers are creating their own blockchain network Shibarium so that they could move away from the dependency on the Ethereum blockchain network. Added to it several projects like Shibverse, and DoggyDao are in pipeline to support Shiba Inu. Therefore, from a technical point of view, Shiba Inu is worth buying but looking at the market condition it may not help you make a profit in the short term.

Shiba Inu Price Prediction: Performance in 2022

Shiba Inu Gain/Loss
Last 5 Days -2.2%
YTD -60.5%
Dogecoin
Last 5 Days -8.7%
YTD -60.5%
Ethereum
Last 5 Days -12.3%
YTD -57.2%

On the yearly chart, SHIB did make some improvement recently and for the first time it was able to narrow the loss below 50% but the loss has once again risen to 60%. Its rival Dogecoin is also 60% down and ETH is down 57% on the yearly chart.

Shiba Inu Price Prediction: Technical Analysis

Investing.com
S3 0.0000129
R1 0.0000132
Recommendation Buy

Shiba Inu Price Prediction Today

Overall Outlook Marginally Negative
Market Wisdom Negative
Technical Recommendation



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