Shiba Inu Price Prediction 2022 and 2025
July 1st: Shiba Inu Price PredictionThe overall outlook of Shiba Inu is Neutral. The current technical recommendation is Sell.
Price of Shiba Inu
Shiba Inu’s Performance
What is Shiba Inu and how does it derive value?
- 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 latest 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. Doggy Dao brings
Shiba Inu: Background and Rating
- Market Cap: $ 5.52 Billion [Lower]
- Rank: 15th [Lower]
- Coins that are like Shiba Inu: Dogecoin, Dogelon Mars, Also called Memecoins
- Predominant Value: 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
- Top 10 Holders own 63%of the coins, and Top 100 Holders own 81%
- % of Holders who are currently Profitable: 22% [Steady]
Shiba Inu Prediction: Performance Of SHIB in 2022
The crypto market is unable to hold on to the surge and has crashed once again. The overall crypto market cap is now below $900 B once again. Shiba Inu has too is trading lower again. In the last 24 hours, Shiba Inu’s price did crash below $0.000010 but now it is back to over $0.00010. However, the major concern for Shiba Inu is the declining trading volume. The volume had crashed but in the last few hours, there has been some recovery which has helped in keeping the price of Shiba Inu over $0.000010.
Talking about its performance, Shiba Inu has lost around 9% of its value in the last 5 days. It has, however, performed slightly better than Dogecoin which is down 13% in the last 5 days. Shiba Inu is one of the worst-performing cryptocurrencies this year. Since January 2022, Shiba Inu has lost nearly 70% of its value.
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
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 $SHIB. This looks promising but it is early days of execution as of now. The company has begun execution by auctioning Metaverse Lan
Shib has other plays as well – ShibaDex (Wallet and DEX) and Shibaswap which was meant for Staking.
Shiba Inu Fear and Greed Index
|Fear and Greed Score||56%|
Shiba Inu Price Prediction 2022
|Average Shiba Inu Price Prediction 2022||$ 0.0000194|
|Trading Beast||$ 0.0000209|
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 (no 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.
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
- Shiba Inu Investopedia page
- SHIB Inu Coin Reddit Community
- Shibaswap Burn Portal
- Shiba Inu Coinmarketcap page
Shiba Inu Price Prediction: Current Outlook
|1. Market’s Wisdom||Negative|
|1b. Market Data||Negative|
|1b. Technical Recommendation||Sell|
|2. Crowd’s Wisdom||Positive|
|2a. Crowd’s Buzz||Positive|
|Google Search Volumes||Higher|
|Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
Shiba Inu Price Prediction today: Market Cap and Volume Data
|Market Cap Rank||15th||Lower|
|Current Market Cap||$5.58 B||Higher|
|Volume Traded in Terms of $ Value||$652 M||Higher|
Shiba Inu Price Prediction Daily: Google Search Trends
The interest level on Google for Shiba Inu is lower than yesterday.
[Please move the cursor on the chart to see the current volume]
Shiba Inu Price Prediction: How many Shib Holders are in Profit?
Holders Making Money At Current Price as per IntoTheBlock
|Date||% of Investors making Money||% of Investors Losing Money|
Shiba Price USD Prediction: Social Media Buzz
|LunarCrush Statistics||Volume/ Rank||Trend|
|Social Mentions||43.09 K||Higher|
|Social Engagement||60.2 M||Higher|
Shiba Inu Forecast: Social Media Sentiment
|||Last 7 Days||Last 24 Hours||Trend|
|Net Social Media Sentiment ($SHIB)||+8.1%||-2.8%||Lower|
How to buy Shiba Inu?
Here are the steps to buy Shiba Inu crypto:
- Finding the Exchange where the Shiba Inu coin is listed
- Create an account with the Exchange
- Verify your identity
- Fund the Wallet
- Make the Purchase
Shiba Inu 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.
If you already have other cryptocurrencies and a wallet, click the picture below
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.