SHIBA INU 2022 price prediction: is this the end of SHIBA INU (SHIB) token or just a beginning of a bright future ahead ?
2020 was a profitable year for meme coins and quite a number of new crypto millionaires were made, majorly those that invested in the SHIBA INU token. The acclaimed Dogecoin (DOGE) mutilator, has grown into a stable and dependable project with practical use cases so far. Only witnessing short term corrections through 2021, the SHIBA INU token has been experiencing the bullish season since its inception. But, in recent seasons, the bearish atmosphere across the crypto web gives many people worry as if they should buy more of SHIBs or to HODL their current stash.
A lot of interested folks would love to know what the future holds for the SHIB token price in 2022 and in the coming half five years.
SHIBA INU Price Prediction 2022
Since its inception, the SHIB coin has been going higher and setting higher lows. An upsurge in the selling pressure since a total breakdown of the bearish closing inside bar support (0.00003562) on 1st December, 2021 definitely suggests a start of the current correction wave. However, the widely known meme coins will most likely find support within the $0.00000943 and $0.00000507 support region as buyers have already begun to build up positions within the price zone.
Experts Analysis On SHIBA INU Coin Future Price
The major competitor of the Shiba Inu token is Dogecoin. Both of them are digital assets and virtual exchange currencies which are accepted as payment by some famous organizations around the world. Though they both have their similarities, there are some disparities between them. Separate from the difference in their year of launch, Dogecoin was launched in 2013 while Shiba Inu was created in 2020, Dogecoin has a total market value which is approximately $12 billion at press time while Shiba Inu has about $7.3 billion market capitalization.
Market Predictions For The SHIBA
Shiba Inu token has experienced a geometric growth of over 300% within a month in October 2021. This whooping pump made it outgrow its major competitor—Dogecoin which was still struggling with its growth back then and even now. Research suggests that the SHIB coin was one of the most traded coins by traders in October 2021 with almost the same amount of trading amount as Ethereum.
CoinArbitrageBot Experts Prediction
Going by the SHIB/USDT historical price, the coinarbitragebot experts predict a $0.000027 SHIB by the end of 2022, and three years projected price at $0.000159 with a lowest three-year price at $0.00000486.Furthermore, the prediction platform projects $0.000044 for the price of SHIB by the end of 2023, $0.000071 as the closing price of 2024, and $0.000115 as the closing price for 2025.
Basic SHIBA INU Analysis
The Token was initially designed to be a digital exchange currency that is to directly compete with Dogecoin. That’s why it was attributed the “Dogecoin killer”. Shiba Inu and Dogecoin are both categorized as Memecoins. Going by recent research, On token distribution, 50% out of the 1 quadrillion token was locked in Uniswap by Ryoshi which has now become the full time base of SHIB liquidity. The remaining 50% was transferred to Vitalik Buterin.