Shiba Inu price forecasts, what will be the trend until the end of 2022

Shiba Inu was born as Dogecoin ‘killer’that is, a token that stands as a direct rival of DOGE. Shiba Inu (SHIB) is one of the so-called meme coin and it was created in August 2020 by Ryoshi, a name that can represent a single person protected by anonymity, or a whole group of unidentified people.

Since when Shiba Inu entered the cryptocurrency market, the comparison with DOGE was evident, but they have very little in common other than being both meme coins, and having received both a sort of approval from the patron of Tesla, Elon Musk.

The project is apparently a parody of Dogecoin adopting the Shiba Inu puppy, however the developers behind SHIB have decidedly more serious, real-life goals. SHIB it was released on the Ethereum blockchain as an ERC-20 token with a limited supply of one quadrillion coins. Prior to its launch, the developers transferred half of the digital coins to Uniswap DEX and destroyed the keys.

The other half of the coins were transferred to the founder of Ethereum, Vitalik Butherin, then about 90% of the SHIB tokens were burned by sending to a nonexistent address. Overall, Buterin destroyed 410 trillion tokens for a total value that at the time was around 6.5 billion dollars.

The explanation given to the makers of the project was: “Shiba Inu was the first project to follow this path. Everyone should buy coins on the open market guaranteeing a complete fair distribution, in which the developers do not own the tokens and cannot download them in the community ”.

In 2020, Buterin also transferred over 50 trillion Shiba Inu token on the bottom India COVID-Crypto Relief. At the time of the transaction, the total transaction value was approximately $ 1.14 billion. Buterin himself has promised to donate the other Shiba Inu (SHIB) tokens to charity but in this case it would have been a support for long-term initiatives.

As the Shiba Inu project grew, the creators of SHIB decided to transform it into a real decentralized ecosystem and transfer the 100% rights to the community to manage the protocol without a governing body.

As for the price trend of this Meme Coin, we can say that the start was perfect, but things developed in a completely different way afterwards. Let’s say in a few weeks after its launch, the price of Shiba Inu grew by 27,000%. In percentage terms this is an exceptional performance for this newborn meme coin, but let’s not forget that the price of Shiba Inu has not even reached a tenth of a cent of a dollar.

Starting from the CoinMarletCap data, we see that Shiba Inu’s price has reached its all-time high on October 28ththe day it came to be traded 0.00008 dollars. This happened after SHIB went public on several exchanges, and later Shiba Inu also launched its own line of Shiboshi tokens. SHIB’s market capitalization grew significantly on the same day to a record high of over $ 34.29 billion.

At this time September 17, 2022 on Shiba Inu price (SHIB) stands around the 0.000012 dollars and ranks 12th by market capitalization.

Shiba Inu (SHIB) price predictions up to the end of 2022

Now that we have seen what it is and how it is born Shiba Inu (SHIB), let’s try to see what are the forecasts regarding the price trend of this meme coin. Let’s just make a necessary premise, and we specify that any forecast does not offer any certainty, and especially in the cryptocurrency market there may be sudden changes in price and therefore the invested capital is constantly at risk, which is why it is always convenient to invest only what we are willing to lose. .

That said, as far as thetrend of Shiba Inufor the 2022 no big surprises are expected, and therefore no sensational trend reversals are expected that can lead the meme coin towards important peaks in value.

Some market watchers and cryptocurrency experts have predicted that Shiba Inu’s price could be hovering for the month of October 2022 between a lead of $ 0.00001212 and a maximum of $ 0.00001305. The month of November should not bring particular surprises, in fact, analysts predict that the price may fluctuate between 0.00001250 and 0.00001368 dollars.

Finally, by the end of the year the price of Shiba Inu is expected to reach one maximum peak of $ 0.00001434, and should not however fall below the 0.00001276 threshold. Altogether on the basis of these forecasts reaching up to late 2022buying Shiba Inu now could be a good investment but the market is, especially at this stage, extremely difficult to predict.

Shiba Inu (SHIB) price predictions from 2023 to 2025

The 2023, at least according to some experts in the cryptocurrency market, should lead Shiba Inu towards a constant, albeit not particularly rapid, price growth. Indeed, analysts believe that next year the Shiba Inu price (SHIB) could reach the maximum peak of $ 0.00002252without ever falling below $ 0.00001962.

The following year we may have further confirmation of this uptrendin fact based on the technical analysis of cryptocurrency experts regarding the prices of Shiba Inuin the 2024 SHIB should touch a maximum price of 0.00003333 dollars, and never go below the minimum price of $ 0.00002876. On average over the course of 2024 SHIB should be trading around $ 0.00002957.

The 2025 could be a good year for Shiba Inu, with the meme coin that, according to some experts in the sector, would reach a maximum price of $ 0.00004907, without ever falling below $ 0.00004025. The average price at which SHIB should trade in 2025 could be around $ 0.00004173 according to these forecasts.

Where to buy and sell Shiba Inu (SHIB)

To buy cryptocurrencies, digital assets more generally and in the specific case for buy Shiba Inu (SHIB) the advice is always to turn only to secure exchanges and known. This allows at least to have all the necessary guarantees regarding the level of security of transactions and deposits on your account.

As for the purchase of SHIB then we recommend Binance, which is an exchange able to offer its members the highest level of security, but also a whole series of functions and services that make any operation easier. Let’s not forget that on Binance you have the option to buy and sell SHIBwhich will then be credited to your account on the exchange (click here to visit the official website).

But if what you want to do is trading on the trend of the crypto market, for example by opening long positions if you expect SHIB to have a bullish trend, or short positions if you expect the trend to be bearish, then the advice is to follow expert brokers in the their operations with eToroclick here to find out how it works.

Also in this case we are talking about a 100% known and safe portal, in fact eToro is able to offer maximum security and overall an excellent service for online trading.

Shiba Inu price forecasts, what will be the trend until the end of 2022 – ValuteVirtuali.com