Shiba Inu Price Prediction: Will Shiba Inu Coin Price Crash Again in August?


Shiba Inu Price Prediction: For the next 24 hours Shiba Inu is predicted to trade between $0.000011 and $0.000012. The current momentum is Positive. Read our analysis on Shiba Inu Coin Price Prediction.

Shiba Inu [1 SHIB In BTC]

Shiba Inu was trading 1.9% higher at $0.00001226. Market Cap: $6.73B, Trading Volume: $536 M.

Shiba Inu Price Prediction: Performance in 2022

Shiba Inu Gain/Loss
Last 5 Days +7.1%
YTD -63.8%
Dogecoin
Last 5 Days +4.5%
YTD -59.6%
Bitcoin
Last 5 Days +1.9%
YTD -51.1%

Shiba Inu has been trading positively in the last 5 days. It has been able to gain around 7% in the last 5 days. Shiba Inu has outperformed Dogecoin and Bitcoin in the last 5 days. Dogecoin has gained 5% in the last five days and Bitcoin is up 2% in the last 5 days.

Looking at the performance of Shiba Inu this year, it is still underperforming against Dogecoin and Bitcoin. Shiba Inu has lost almost 65% of its value since January 2022. The meme coin rival Dogecoin is down nearly 60% while Bitcoin has lost 51% of its value since January 2022.

YouTube video

Shiba Inu Price 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.

Shiba Inu Price Prediction: Technical Analysis

Shiba Inu Price Prediction: Outlook Table

Trend
Price Higher
Technical Recommendation Buy
Market Cap Rank Higher
Trading Volume Higher
Google Search Volume Higher
Social Media Buzz Higher
Social Media Sentiment Negative
image 319

Shiba Inu Price Prediction: Market Cap and Trading Volume

Rank/Values Trend
Market Cap Rank 15th Higher
Overall Market Cap $ 6.79 B Higher
Trading Volume $ 545 M Higher

Shiba Inu Price Prediction: Some Facts

  • Shiba Inu is an Ethereum-based cryptocurrency introduced as an alternative to Dogecoin. It was created in the year 2020 by an anonymous person name “Ryoshi”
  • The Shiba Inu token started with a supply of 1 quadrillion SHIB. 50% of the supply was locked in Uniswap and the other half was burned the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
  • The demand for Shiba Inu coins comes from
    • Payments: Increasingly a wide range of companies accept Shiba Inu – AMC, Gucci etc
    • Shiba Inu In Metaverse: Shiba Inu became the newest player to enter the world of the metaverse. Shiba Inu began to sell land parcels in its metaverse.
    • Shibswap: Shiba Inu ecosystem comprises three different coins, Shib, Bone, and Leash. These three tokens come together to create Shibswap.
    • Shibarium: Shiba Inu is set to introduce its own blockchain-like transaction system Shibarium. Recently a test run of Shibarium was done which led to a massive spike in the price of Shib tokens. Once Shibarium becomes public, Shiba Inu will no longer depend on the Ethereum platform to complete its transaction. This will reduce the gas fees that ETH charges other tokens to run and operate on their platforms.
    • Doggy Dao: Shiba Inu makers have recently launched the first phase of Doggy DAO.

Shiba Inu Price Prediction: Google Search Volume

The Google search volume of Shiba Inu is higher than its value last 24 hours ago.

Shiba Inu Price Prediction: Latest Tweets

Originally tweeted by Cameron Fous (@Cameronfous) on August 1, 2022.

$SHIB is prepping for a potential big move here. Still pre breakout revival. $SHIB is garbage, But when the charts talking, it pays to listen! And we have all seen how meme mobs can push these

FZCmC3 aIAAMEtj

Shiba Inu Price Prediction: Social Media Buzz (Last 7 Days)

Value
Social Mentions
Volume 249 K
Trend Higher
Social Engagements
Volume 381 M
Trend Higher

Shiba Inu Price Prediction: Social Media Sentiment

Last 24 Hours +38%
Last 7 Days +45.8%
Overall Trend Lower

Shiba Inu Price Prediction: How to Buy Shiba Inu?

Here are the steps to buying Shiba Inu crypto:

  1. Finding the Exchange where the Shiba Inu coin is listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

Shiba Inu Coin is one of the most-popular cryptocurrencies therefore most of the exchanges have listed Shiba Inu for trade. Here are a few popular exchanges where you can purchase Shib:

Robinhood, Binance, Crypto.com, Atomic Wallet, Voyager, SevenB and KuCoin.

Read: Will Shiba Inu reach 1 Cent? Yes, in the next few years

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.





Source link