Warm up the popcorn and lean back: after a surprising turnaround, the dog race on the crypto market is entering the next exciting round. The market update.
After the course festival last week, the crypto market remains on the diving station for the time being. On a daily basis, Bitcoin (BTC) loses around two percent and thus slips just below the mark of 60,000 US dollars. The record high of the previous week is now twelve percentage points away. Ethereum (ETH), meanwhile, is pulling out five percent and is only just over $ 4,000 at the time of going to press. also Binance Coin (BNB), Solana (SOL), XRP and Polkadot (DOT) are sliding south at a discount of five percent. Cardano (ADA) stumbled a little more with a setback of seven percent. Meanwhile, the meme coin race between Dogecoin (DOGE) and Siba Inu (SHIB) is coming to a head. After Dogecoin was overrun by Shiba overnight, DOGE is taking back ninth place among the largest cryptocurrencies, for the time being.
Dogs that bark …
900 percent in 30 days: Shiba Inu’s performance struggles for superlatives. With a daily plus of 23 percent, the Epigone of Dogecoin, which is a plagiarism of Litecoin, which is in turn a copy of Bitcoin, climbed to 0.00006719 US dollars, thus defying the current downward trend in the crypto market. In the meantime, the market capitalization of the meme coin is at 34 billion US dollars, which briefly pushed Shiba Inu ahead of Dogecoin in the early hours of the morning. The Telsa boss’s favorite cryptocurrency has barked back to ninth place. Shiba Inu has got stuck, however, as shown by the increase in Google search queries around the world.
Interest in Shiba Inu in the form of Google queries has skyrocketed over the past week and is currently even ahead of Ethereum. Among those interested in Shiba there are also some who are actually interested in a loyal companion and not in the crypto currency. But also the more specific request for Shiba Inu Coin is currently a hairpin above the second largest cryptocurrency.
Got to the dog
In the slipstream of the bull run, Shiba Inu has climbed bit by bit in the ranking of the largest cryptocurrencies. The crazy rally is driven on the social media channels à la Reddit and Twitter, in which the “to-the-moon battle cry” reverberates unmistakably. The Shiba fan base now has over 1.4 million followers on Twitter and almost 330,000 subscribers on Reddit, making it one of the fastest growing crypto communities.
The fruits of such a dynamic can ultimately be seen in the example of Dogecoin, which has been vehemently defending its position among the largest crypto currencies for months despite all the legitimate prophecies of doom. However, it is doubtful whether the current “all-in mentality” will secure Shiba Inu a permanent place in the ranking. The developers make no secret of the fact that the coin, which is parasitically attached to the Ethereum blockchain as an ERC-20 token, is basically nothing more than a fun project. “Thin” is another euphemistic term for the content of the white, pardon, “ woof papers ” by Shiba Inu.
In view of the dizzying price development, however, investors should not prevent investors from continuing to pump the coin from record high to record high. At least as dizzying is the entire supply of one billion Shiba-Inu tokens, which is likely to dilute the market capitalization in the long term. “Long-term” is a time dimension in which very few SHIB investors are calculating.
In addition, major investors also seem to get the hang of it. As City Telegraph reported , an anonymous whale moved its wallet inventory by a further 277 billion SHIB tokens to a total of 316.5 billion on Monday. Such media-effective businesses keep the rally going, regardless of the high SHIB concentration on a few wallets, which make a pump-and-dump scheme more and more likely. In any case, the race of the two coins with the cold nose remains exciting.
Shiba Inu Price Predictions 2021
Surprisingly, the year 2020 brought a lot of good for the Shiba network. SHIB kept its momentum onward and upward in the crypto market. Last year might have seen Shiba token hovering around the price level of $0.00000001 on exchange. The price predictions for the SHIB network for this whole year reflect huge volatility, stating that it might jump to about $0.0000125 in July and August and straight to the $0.000013 mark towards December.
Shiba Inu Price Prediction 2022
Keeping up in tandem with the same bullish trend in prices, there are cryptocurrency predictions that the price of Shiba Inu is poised for an upswing even in the year next, i.e., 2022. Though it is too early to expect whether the Shiba Inu coin will break from the peak, what stays clear is there is light at the end of the tunnel for sure compared to other meme currencies in the crypto space. The Shiba Inu coin price only indicates a positive trend among the receding Pandemic scenario touching the $0.000020 mark.
Shiba Inu Price Prediction 2023
There is a predicted eventuality of SHIBA coin incurring a loss but only meager, dropping to $0.0000185 again. However, this stays as a pessimistic scenario, and some experts do not agree with this syndrome of volatility affecting it.
Shiba Inu Price Prediction 2024
Stating that a jaw-dropping possibility does not exist for the price of Shiba Inu and that bulls will ride the crypto market, it is once again expected that Shiba Inu price will rule the crypto kingdom with a performance of price pegged at $0.000025. This is equivalent to the same predicted at the end of 2024, which shows Shiba tokens have full potential to sustain and consistently grow even in adverse conditions.
Shiba Inu Coin Price Prediction 2025 & Beyond
2025 might mark as the benchmark year as SHIB token price is predicted to surpass $0.000033 by all means. With mass adoption, SHIB Inu’s price is estimated to reach around $0.000040 by 2025, a rise like never before.
If the project Shiba token stands the test of time and mass adoption picks up the number, this kind of optimistic expectation stems from two preconditions: 1) the price of Shiba Inu continues to surpass expectations 2) Markets remain as favorable as always.