Shiba Inu Price Prediction: SHIB Flips Tron, Loses A Zero From Its Price

June 22nd: Shiba Inu Price Prediction: For the next 24 hours, the momentum of Shiba Inu is Bullish. The price indicators are Positive.

The latest Price of Shiba Inu is $0.00001049 which is 13.31% higher than 24 hours ago.

The technical signal currently for SHIB is BUY.

What is Working for SHIB?

Shib prices have surged in the last 24 hours. It is one of the best-performing cryptocurrencies in the last 24 hours. However, SHIB has failed to breach the resistance at $0.000010. Looking at the momentum, it is likely for SHIB to breach $0.000010 in the next 24 hours. Here are the factors aiding the rise of Shiba Inu:

  1. The technicals, which is favorable for the rise of SHIB’s price
  2. The trading volume is up over 50% in the last 24 hours.
  3. The Google search volume for SHIB is also higher and as we have noticed, when the Google search volume rises, the trading volume also increases.
  4. The Social media sentiment and the social media is Positive.

Shiba Inu Price Prediction, Next 7 Days, 2022, 2025, and 2030, June 20th

Investment Horizon Buy/Sell Forecast
Today Buy $0.00000965
Max Shiba Inu Price Prediction 2022 Buy $0.0000140
Max Shiba Inu Price Prediction 2025 Buy $0.0000244
Max Shiba Inu Price Prediction 2030 Buy $0.000197

Shiba Inu after a long winter has finally gained some momentum. The surge in the price of SHIB has made it the best-performing cryptocurrency in the last 5 days. SHIB is outperforming Bitcoin, ETH, and also its rival coin, Dogecoin. The price of Doge is also surging, this comes after Elon Musk tweeted that he will continue supporting Dogecoin.

5 Days +17.1% -1.1% +10.1% +0.4% 
YTD -71.9% -57.6% -63.8% -71.1% 

Talking about its market cap rank, SHIB has managed to regain its 16th rank once again. In the last 24 hours, SHIB has gained around 18% in its market cap. However, Shiba Inu remains one of the worst-performing cryptocurrencies on the YTD chart. Shiba has lost over 70% of its value since January 2022.

Dogecoin on the other hand is down around 64% since January 2022.

Shiba Inu Technical Analysis

Shiba Inu Market Cap Rank and Trading Volume

Value Trend
Market Cap Rank 14th Higher
Total Market Cap $5.76 B Higher
Trading Volume $1794 M Higher

SHIB in the Last 24 Hours

The last 24 hours have been highly motivating for the Shiba Inu investors. As the price of SHIB surged, the rate of SHIB burn has also increased. In the last 24 hours over 10 million SHIB tokens have been burned and on Sunday alone 70 million SHIB tokens were burned.

Despite the price of SHIB surging in the last 24 hours, the fear of retreat remains very high. This is because the crypto market has been very much unstable this year. The market has not been able to hold on to the gains for a longer period. For SHIB the fear is high as despite multiple progress made in the field of Shiba Inu’s eco-system, nothing seems to have been able to help the rise of SHIB price. Even the Robinhood listing could not make much difference to SHIB’s price.

However, talking about the last 24 hours’ performance of Shiba Inu, there has been a great surge in the price of SHIB. It is supported by the rising trading volume, the positive social media sentiments, and also the highly positive technicals.

One of the main problems for Shiba Inu is that SHIB is still highly dependent on SHIB burn and the Whales. The Whales haven’t been as active as they were last year and with such a huge supply, even burning 1 B tokens a day would not make much difference to the price of Shiba Inu.

Shiba Inu’s performance in the last 7 days

The last 7 days have been the toughest for the crypto market. The momentum of SHIB on the 7 days chart has been more bearish than bullish.

For the first time since 2020, the overall crypto market cap fell below $1 T. Shiba Inu too could not save itself from crashing. On October 5th, 2021, Shiba Inu dropped a “0” from its price and the had been trading with four “0”s since then. However, in the last 7 days, the fall in the price of Shib led to Shiba Inu going below its October 5th value.

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Shiba Inu’s performance in the last 2 years

Shiba Inu was one of the best-performing cryptocurrencies in 2021 rising 1000s of times in a single year.

Shiba Inu Price Prediction (SHIB): Is it a good time to buy Shiba Inu?

However, 2020 has been tough and Shiba Inu has traded lower as micro and macro factors continue to impact the cryptocurrency. It has fallen about 80% for the year and nearly 28% in the mayhem of the last 3 days. The Good news is, that SHIB outperformed DOGE by a wide margin over the last 5 days.

SHIB has also outperformed BTC, Ethereum, and Doge during the last 5 days. A remarkable accomplishment for a so-called ‘Meme Coin’

Shiba Inu Price Prediction (SHIB): Is it a good time to buy Shiba Inu?

Shiba Inu: Background and Rating

Shiba Inu token cryptocurrency was launched in August 2020 by an anonymous person by the name of Ryoshi. Shiba Inu is also the name of a Japanese breed of dog. SHIB called itself the “Dogecoin Killer” a term that implies the cryptocurrency will directly compete (and beat) Dogecoin. Shiba Inu is an ERC-20 token which means at the base it uses the Ethereum Blockchain.

It is classified as a Memecoin which essentially means that the Cryptocurrency offered little value to its users at the time of the launch. However, it has surprisingly and quickly evolved into a dynamic cryptocurrency offering a variety of utilities though one could also say that many of them are WIP.

A Quick Summary of Shiba Inu’s position in the market

  • Market Cap: $ 5.30 Billion
  • Rank amongst all Cryptocurrencies: 16th [Higher]
  • Coins that are like Shiba Inu: Dogecoin, Dogelon Mars, Also called Memecoins
  • Predominant Value it offers customers today: Accepted for payments by many well-known brands
  • Our rating on Differentiation: 5/10 where 10 is Highly Differentiated, 1 is Not at all Differentiated
  • Current Performance: Underperformer [Compared to Bitcoin, Ethereum and Dogecoin]
  • Top 10 Holders own 63%of the coins, and Top 100 Holders own 81%
  • % of Holders who are currently Profitable: 3% (Down 15%) from yesterday

Shib Coin Price Prediction: Strengths and Weaknesses

Shiba Inu is already excelling in some areas

  • Payment Partnerships (Gucci, Tag Heuer, AMC, Sao Polo FC tec)
  • Coin Burn

Shib has aggressively moved towards building a Metaverse as most of the cryptocurrencies in that space have lower Market Caps than Shiba Inu.

What is a Metaverse? In simple words, it is a digital space that can offer an experience that can expand our boundaries of what we can do with our lives. Some are imagining an artificial digital replacement of the real world while others have integrated cryptocurrencies into existing games and call them Metaverse.

Shiba Inu is building a Metaverse that 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 Lan

Shib has other plays as well – ShibaDex (Wallet and DEX) and Shibaswap which was meant for Staking.

Shiba Inu Price Prediction: Shiba Inu Tokenomics

  • Supply at Genesis:1 Quadrillion
  • 50% was locked in Uniswap
  • The other 50% was burnt to Ethereum co-founder Vitalik Buterin for safekeeping
  • Buterin in turn donated his share for COVID-19 relief in India and then actually burned 40% of its total supply to a dead wallet

Now, let us try to answer some of your key questions

Shiba Inu Coin 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 (not promises) on Shiba’s development plans – Shibarium, Metaverse, and such
  • Burn rate that should be at a higher pace than current
  • US Inflation rate beginning to fall and the Fed signaling that it won’t increase interest rate anymore

Shib Price Prediction: When will Shiba Inu go up?

Our estimate from all the available data is that US Inflation is like to retreat from July or August, so it is likely Shiba Inu will go up anytime after August 2022

Shiba Inu Forecast: Can Shiba Inu reach 1 cent?

If Shiba Inu can rise at an annual rate of 10% and Burn 50% of the Coins, SHIB can reach 1 cent in about 25 years. Read our detailed analysis here

Shiba Inu Prediction: 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.

A few weeks ago, Shiba Inu’s mysterious founder Ryoshi recently deleted his social media presence and wrote a blog on medium asking the leader developer Shytoshi to focus on the project. While this had no impact on the price, it is important to be aware of this.

Originally tweeted by Watcher.Guru (@WatcherGuru) on May 30, 2022.

JUST IN: Shiba Inu founder to Shytoshi Kusama: “Please, don’t say worthless nonsense. Focus on Shib.”

CONFIRMED: This blog post has since been deleted.


Should you own more than one Memecoin?

We have observed that all the cryptocurrencies in a category follow a similar pattern if not the same. So perhaps from a diversification perspective, it makes sense to own 1 or a maximum of 2 Memcoins.

Shiba inu or dogecoin which one is better?

Dogecoin has outperformed Shiba Inu this year. Doge has done quite well on payment partnerships so it does have some intrinsic value and relies a lot on Elon Musk pumping the coin. Dogecoin is therefore likely to perform better than Shiba Inu when the markets are down. However, when the markets improve, SHIB would be better placed to outperform Dogecoin.

Who are Shiba Inu Whales?

Shiba Inu Whales purchase and own large quantities of Shiba Inu Tokens and hence called as such. While the media covers Whale behavior significantly, there is little evidence that influences the price beyond a few minutes or a couple of hours.

More Resources to learn about Shiba Inu

How to buy Shiba Inu?

If you already have other cryptocurrencies and a wallet, click the picture below

Screenshot 2022 06 11 at 12.32.42 PM

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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