The overall crypto market is improving. This optimism is because of several online AI-based prediction algorithms projecting that SHIB could double or come close to doubling this year.

Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”.

Price Hype: October 2021 marked the time when the price of SHIB went up by 300% and the trading volume back then was as high as Ethereum.

SHIB gained reputation as a quick win investment. Those who invest just for fun and those who thought SHIB is not as expensive bought in to the meme coin. Shiba Inu is a Token and not a coin.

Since popular cryptocurrencies like BTC and DOGE have their own blockchain they are known as a coin and since SHIB does not have its own blockchain it is known as a TOKEN.

The lack of real-world use case makes it a risky speculative investment. SHIB earned the name “Dogecoin Killer.” Ryoshi, Shiba Inu founder stated that even if SHIB will never hit $0.01, SHIB’s publicity and utility will establish SHIB to be be worth proportionately more than Dogecoin.

At the time of writing, Shiba Inu was trending at  $0.000027 USD  and Doge Coin price was at 0.14 USD. The low cost of SHIB makes it an easy buy choice for those who are trying to get their feet wet in the cryptocurrency space.

Technical analysis states, SHIB is in the buy territory on the Relative Strength Index. Shib might continue in a bull run and investors will have valid reasons to hold with the coming of the Metaverse. Multiple Bullish Signals are seen.

Shytoshi Kusama™ of Shiba Inu decentralized community and Shiba Inu Games has recently given granular opinion of different aspects of the Shib Ecosystem. The big picture of Shib from his perspective has been provided. In the article he also talks about burning.

Anyone who is a SHIB Fan will want to read: Supreme Arts For Trying Times.

Summary of important points:

• Ryoshi said it best – Shib is an experiment.

• Amazing DeFi platform in the Shib Ecosystem gives BONE holders ability to vote on various projects.

• Shib is accepted worldwide as a viable currency

• Shib was used for humanitarian reasons during the covid

• Increase in value comes from massive continual long term burns, and/or an increase in holders utilizing the token, and/or an increase in brand recognition (which in turn increases holders)

• Trio of Tokens: SHIB, LEASH, and BONE.

• Shib universe, digital real estate offering locations which are perfect places for games, stories, food and fun.

• Shiberse will take the digital real estate concept to the next level.

• Long Term Goal: Total Wallet Saturation

• Growing brands having our own location to enjoy life.

Shib has this larger than life plan to dominate various genres and business segments, to have Shib as a brand and ecosystem.