What Does 2022, 2025 and 2030 Hold?
The Shiba Inu coin was created as a parody of Dogecoin in August 2020. It describes itself as the “Dogecoin Killer”. Shiba Inu is named after the Japanese dog breed of the same name, which comes from the Chubu region. Being a parody of Dogecoin, it adopted the name and image of the Shiba Inu dog breed to propagate its satirical status based on the Dogecoin meme.
The initial starting supply was 1 quadrillion. Half of this quantity was sent to Ethereum co-founder Vitalik Buterin, who eventually donated all of this to charity. Hundreds of millions of these coins are burned regularly to maintain their stability. Its liquidity is locked in Uniswap.
Shiba Inu Coin Founders
The Shiba Inu coin was founded by an individual who uses the pseudonym Ryoshi. Very little else is known about this founder, and the person behind Ryoshi remains anonymous as of writing.
Shiba Inu Road Map
The interest that Shiba Inu generated in 2021 has provided an avenue for the coin to shift away from being a meme coin to becoming a more serious blockchain project with utility and value. Presently, no official roadmap exists. However, some projects are in the works and there is a possibility that a few will make it to the public domain in 2022.
Here is a potential roadmap from the Shiba Inu ecosystem. These are as follows:
- Implementation of a community governance system known as Doggy DAO. This was given an obscure mention in the Shiba Inu Woofpaper. Holders of the BONE token will form a Decentralized Autonomous Organization (DAO), which will confer voting rights on members.
- Shibarium is Shiba Inu’s Layer-2 upgrade that will allow users to conduct transactions with much lower gas fees than is currently available on the Ethereum network.
- The Shiba Inu Game is a multiplayer collectable card game to be launched as a mobile-based game and an NFT collection that features more than 1000 Shiba-inspired cards. Playside Studios is the development partner.
Other roadmap projects include Shibaswap 2.0 and Shiberse, Shiba Inu’s version of the Metaverse.
Shiba Inu Coin Price Prediction 2022
The Shiba Inu coin price prediction for 2022 looks at the weekly chart, which showcases price action with a medium-term price outlook. The SHIB/USDT pair is the most popular trading pair and is featured here.
SHIB/USDT: Weekly Chart
The SHIB/USDT pair has retraced more than 80% from its 25 October 2021 high and is now attracting some serious buying interest from whales. This has allowed the price to push up from the 0.00001810 support. However, the 78.6% Fibonacci retracement level at 0.00002333 serves as a solid resistance to this uptick. Any bullish Shiba Inu coin price prediction 2022 outlook depends on whether the bulls can shatter this resistance barrier. This move would open the door towards 0.00002715 and 0.00003092, respectively. It would be hard for the Shiba Inu token to break 0.00004054 (20 December high) in 2022.
If the bulls fail to breach 0.00002333, this shortfall opens the door towards a further downside correction. 0.00001810 and 0.00001013 would become automatic targets to the downside.
Shiba Inu Coin Price Prediction 2025
Shiba Inu’s biggest gains came in October 2021. The monthly chart showcase the potential Shiba Inu coin price prediction 2025 outlook. The chart reveals that Shiba Inu would need a big move such as that which occurred in October 2021 for investors to be in the money by then.
The Shiba Inu coin news for the day is that Playside Studios is reaffirming its desire to develop a truly great game for Shiba Inu. Prices are now at attractive entry points, and the whales are taking notice and taking action. The Shiba Inu holder count is growing, according to data compiled by WhaleStats. The same report indicates that the top 100 whales have also increased their holdings by 29.43%.
The Shiba Inu coin price prediction 2025 is for the SHIB/USDT pair to trade above 0.00005677 (38.2% Fibonacci retracement level) at the very least, driving 100% returns. In sequence, any additional upside moves on the pair are conditional on the bulls taking out 0.00006885 and 0.00007468. Put all these together, and we could have Shiba buyers at these low prices being in some serious profit by 2025.
Shiba Inu Coin Price Prediction 2030
The Shiba Inu coin price prediction 2030 is guarded. As long as it stays a meme coin, this is probably not a coin with a clear 8-year direction. The Shiba Inu ecosystem needs to deliver more products that provide real value and increase adoption and utility substantially for any accurate Shiba Inu price prediction 2030 outlook to be made.
Will Shiba Inu Coin reach $1
The road to $1 for the Shiba Inu coin from present levels is tough. It would need to offer real value to investors beyond just being a meme coin. It would need to make a very robust entry into the NFT space, and it would also need to up its game in the deployment of Shiberse. There are already several very active projects in this sphere and are far ahead of Shiba Inu in this regard. It is doubtful that Shiba Inu would get to $1; certainly not before 2030.
Is it a Good Investment?
Shiba Inu is a good investment, only if the following conditions are met:
- The trader buys at current prices or slightly lower
- The coins are held for a minimum of 100% returns
- Re-entry whenever a correction takes place.
Shiba Inu is probably not a coin suited for buying and holding. This coin presents an opportunity at current price levels, with a reasonable cashout expectation that should show up on the charts between now and 2025.
How to Buy?
Shiba Inu is not a mineable coin. Therefore, the only way to possess it is to purchase the coin from exchanges where Shiba Inu is listed. Shibu Inu is listed in pairings with stablecoins, major cryptocurrencies and fiat currencies. USDT, BUSD, BTC, ETH and USD are the popular assets that are paired with Shiba Inu on exchanges. If you want to know how to buy Shiba Inu coin, all you need to do is to use any of these assets, head over to the exchange where you have SHIB/USDT, SHIB/BUSD, SHIB/USD and SHIB/BTC, and purchase the coin with the counter assets.
For instance, if you want to buy Shiba Inu using Tether, head over to an exchange where SHIB/USDT is listed. Get hold of some USDT, and locate the SHIB/USDT listing on either the basic or advanced trading portals. You can decide to use the Convert function on the exchange, which allows you to purchase Shiba Inu at market price, or use the trade function in the advanced portal. The advanced trading portals allow the user to purchase Shiba Inu at limit prices, enabling you to place orders at a more beneficial price.
SHIB/USDT: Monthly Chart
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