The Shiba Inu frenzy never ends, and recently, more and more speculators are joining the team to support the growth of this meme coin. While cryptocurrencies had a wild ride in 2021, the Shiba Inu currency enjoyed its best time. The Shiba Inu currency has gained popularity for various reasons, even though its value is plunging low.
Nonetheless, this coin is proving to be an excellent pick for youthful investors. So, what about this doggy currency that enthralled people with its value and performance? Will it reach the $0.00003 mark by 2022? Let’s find out!
About Shiba Inu Coin
Shiba Inu is a meme coin named after an adorable Japanese dog breed of the same name. SHIB is the Shiba Inu ecosystem’s native and first token, which is powered by the Ethereum blockchain. Unlike its rival, Dogecoin, which uses similar technology to Bitcoin. The tokens are altcoins of ERC-20 tokens built on the ETH blockchain.
The coin, which bills itself as a “Dogecoin killer,” was released in 2020 and swiftly swept the meme coin crypto market. Apart from the default SHIB token, the Shibu Inu ecosystem has launched LEASH and BONE tokens within a year.
It was built anonymously in August 2020 by a mysterious individual named Ryoshi. Shiba Inu’s originator is still a mystery to the crypto world, much like Satoshi Nakamoto’s Bitcoin birth story. He began with a massive one quadrillion Shiba Inu token supply! This explains the coin’s low value.
To provide a liquidity pool, 50% of these tokens were locked into the Uniswap platform. VitalikButerin, the founder of Ethereum, received the remaining 50% of the tokens from Ryoshi. Recently, ShibaSwap has adapted its app’s staking and burning programs, which might push the token’s fallen value towards the predicted target.
Shiba Inu Price Forecast: Target $0.000030
As we know, the market is currently on a downward slope. Yet, Shiba Inu showed a little movement upward in the last couple of days. Experts suggest that SHIB will break through the bearish trends and show positive growth by the end of 2022. Hence, if the 1.7 million ShibArmy supports well, there are chances that the SHIB token will rise to the $0.000010 mark soon!
As of 2023, the price can reach $0.000025 if the bullish push continues after 2022. If this happens, it will grab the attention of many young investors, making its bullish trends extend further in the future. For Shiba Inu price prediction 2025, it might cross the $0.00003 mark and even beyond! So, for a Shiba Inu price prediction in 2030, we have a target of $0.0001 if the bull market stays in support.
Shiba Inu price prediction 2040 holds some fantastic figures to discuss. It is when many countries and big corporations will start treating the SHIB token as a common payment method. With more and more businesses adopting the meme token, the chances of it reaching close to the $0.1 target are high!
Read more – shiba inu coin price prediction 2050
Conclusion
Shiba Inu is improving every day to satisfy new members of the ShibArmy. With the latest updates on ShibaSwap and its exploration of the Metaverse projects, the SHIB token might see a good blowup after 2022. If people believe in the token, the price might even rise beyond its ATH of $0.00008616 within the following year. So, hold on to your SHIB patiently and speculate!