Will the Shiba Inu Coin Reach $1 by the end of 2022?

by Mapping Returns
shiba inu

Shiba Inu Coin ($SHIB), which is already famous worldwide and has increased in value by thousands of percent, is the first cryptocurrency token to be listed and incentivized on ShibaSwap, our decentralised exchanges.

Shiba Inu, a new cryptocurrency, has already seized control of some Dogecoin exchanges. Because its logo is a Shiba Inu dog breed, the cryptocurrency has been dubbed the “DOGE killer.” SHIB is a decentralised spontaneous community-building experiment that emerged from the SHIBA INU ecosystem.

However, the Shiba Inu coin has a limited supply, with a total of one quadrillion tokens in circulation. Despite the fact that this is a large number that can easily accommodate an army of investors, it is still a finite number that may help spark speculation in the future.

What is the future of Shiba Inu (SHIB) crypto?

shiba inu graph 2022

Shiba Inu is currently trading at $0.00001171, a significant drop from its all-time high of $0.00008833. The 24-hour trading volume was $1,993,797,637 at the time of writing. The meme coin is the 13th largest cryptocurrency, with a market cap of $461,073,697, a favourable ranking among global investors.

The steady growth is expected to continue in the third quarter, with the price reaching a high of $0.000093 by September. In the fourth quarter, the price is expected to reach a high of $0.000098 before falling to $0.0001 in January 2023.

Will Shiba Inu (SHIB) reach $1 in December 2022?

It’s been tricky to assign value to meme-coins like Shiba Inu or make reliable price projections because their growth is closely related to how much buzz the project can generate. The Shiba Inu caused quite a stir in the year 2021.

The Shiba token drew the attention of investors in May when it increased by 2,405% in three days to reach a high of $0.0000388 on May 10. Over the summer, the Shiba coin price quickly fell back and largely traded between $0.000006 and $0.000008.

Elon Musk Tweet – Shiba Inu Coin

Shiba Inu Coin (SHIB), dogecoin (DOGE), and Shiba floki (FLOKI) cryptocurrency prices skyrocketed after Elon Musk tweeted a photo of his Shiba Inu puppy in a Tesla on October 4, reigniting interest in the coin.

According to DigitalCoin’s Shiba Inu (SHIB/USD) forecast, the price could reach $0.000057 in 2022, rising to an average of $0.000064 by 2023. The algorithm predicted that the price would average $0.000072 by 2025.

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