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Will Shiba INU Price Trends Be Independent Again?

Will Shiba INU Price Trends Be Independent Again

Community Trust ScoreVerified

85%
Real
Verified41 votes
Updated 4 years ago

Shiba Inu is growing in popularity in 2022 after growing rapidly in 2021. After rumors of Robinhood’s recruitment ignited the mania, the meme coin recently soared over 30%. It temporarily surpassed Dogecoin, the native meme coin, and made the top 15 list as well last year. SHIB and the army behind it are now waiting for another price surge.

Few crypto assets have the ability to outperform Bitcoin in any area. On the other hand, Shiba INU was able to accomplish the unachievable. With 43 million more views than Bitcoin in 2021, Shiba Inu was the most popular cryptocurrency.

In 2021, Shiba Inu ‘barked’ the most, becoming the alpha among the dog-themed cryptos.

Those who are seeking to invest are watching the SHIB projects closely, but are having trouble separating the good from the bad and ugly.

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If you want to invest in trendy tokens in 2022, Shiba Inu is one of the finest cryptocurrencies to purchase. Shiba Inu has surged in value by millions of percentage points in barely over a year. It presently has a market capitalization of nearly $11 billion as of this writing.

Purchasing this popular digital currency does not have to be costly, since $100 will buy you over 5 million tokens. Furthermore, SHIB is now selling at a discount to its 52-week high, allowing you to join the market at a discount.

Because much of its popularity is built on hype, this ‘meme currency’ has a similar vibe to Dogecoin. However, with actual use cases (such as Shiba Swap) having just started, the SHIB price has room to rise until 2022.

A Significant Metaverse Possibility.

The crossover into gaming is another reason why Shiba Inu might have a strong year this year. Shiba Inu Games has enlisted the help of Play side Studies to create a multiplayer game for mobile devices.

For clarity, PlaySide Studios is a world renown video game developer located in Melbourne, Australia.

The Play side-developed game isn’t expected to be released until the first quarter of 2023. However, expectations are anticipated to push Shiba Inu prices higher, particularly in the second half of this year.

However, the even greater news is that Shiba Inu may be on his way to becoming a metaverse monster winner. The Play side-created game will ultimately be integrated into Shibarium and become the “Oshiverse,” a Shiba Inu metaverse.

Will the Shiba Inu hit $0.01 in 2022?

With 549 trillion SHIB in circulation, even a $0.01 increase in value would bring the project’s total worth to $5.49 trillion. That’s about twice Apple’s market capitalization, which is absolutely disrespectful considering Shiba Inu’s little real-world worth. To summarize, Shiba Inu has a zero probability of reaching $0.01 in 2022.

 

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James Thorp

James Thorp is a passionate crypto journalist from South Africa specializing in Litecoin, Dash, and emerging digital assets. With years of experience covering the crypto markets, James delivers in-depth analysis and breaking news on altcoins, blockchain adoption, and decentralized payment networks for The Currency Analytics.

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