Shiba Inu coin is a community-driven project. The popularity of this project is mainly due to social media.
About Shiba Inu Coin or SHIB
These meme cryptocurrencies include Shiba Inu. This coin was developed by an unidentified user in 2020 to compete with Dogecoin.
SHIB is nothing special. After all, there are enough such meme coins as SHIB – Kishu Inu or Dogecoin, or Baby Dogecoin, etc.
A feature of this coin was their distribution. The first half of the SHIB coins were given to the decentralized exchange and blocked there. What made it impossible for the creator to own these coins. The second half of the existing coins went to V. Buterin to burn this amount of coins. Half of the coins with a total value of $13 billion at that time.
Many creators of cryptocurrencies promised decentralization, but the creators of Shiba Inu Coin really turned out to be the closest.
Price Forecast by Traders
Buidlbee made its analysis of the price forecast for SHIB.
Some traders believe that in the next year the price of the SHIB can bounce back, like many other coins that have fallen in price in 2022. The 2022 year was not easy for all cryptocurrencies and traders. It’s not worth talking about stability, because the crypto market is a priori unstable, but we are told that the crypto market will normalize in 2023.
Some experts believe that Shiba Inu coins might cost as much as $0.000019.
A positive forecast suggests a 96% increase in the price of SHIB.
A small forecast from traders until 2030: in the next year the price will reach $0.000019, in 2024 the price will be $0.000026, 2025 will please us with a price of $0.000037, and in 2030 the cost of the coin will be $0.00023.
It is worth noting that no forecasts for cryptocurrencies should be taken seriously, as we said above, the crypto market is very unstable, today the price of 1 cryptocurrency can be $100, and the next day its price can fall by 70%. Or, as was the case with the FTX cryptocurrency, the company turned around, although the prospects for the crypto were great.
Will Shiba Inu Coin Reach $10
In order to respond to the question of this article about the price of the Shiba Inu coin, let’s see if the coin will even reach 1 cent.
Many experts and traders think that SHIB has a future, experienced traders say that in 2027 the price of this coin will reach $0.00012.
Also, some traders forecast growth of this coin by 2027 to $0.0004.
Others give less promising forecasts, for example, developers of Dogecoin think that the price will reach $0.000056 by 2030.
However, an important note is that none of the experts gives great prospects for the growth of the price, because according to any forecast, SHIB will not cost 1 cent.
Another important note is that cryptocurrency marketplaces are volatile, for example, this year’s cryptocurrency market. Therefore, when deciding whether to invest in this crypto or not, you should focus only on your analysis of the situation.
The response to the question posed at the beginning “Will Shiba Inu coin reach $10” is no. Another reason is the large amount of coins in circulation.
But, again, the crypto marketplaces are very unstable, the cost of a crypto is influenced by the political situation in the world, people who are listened to by traders, etc. It is noteworthy that the price of a SHIB grew significantly after Elon Musk announced that he has a dog SIba Inu breed.
Conclusion
In this article, we figured out what sort of coin it is and whether it will eventually cost $10.
It is worth reiterating that this is our subjective opinion. Only against the background of it, you shouldn’t decide to invest in this cryptocurrency.
Invest or not to invest in this coin is your decision, which must necessarily be based on your analysis of the coin and the market.
The Shiba Inu coin is a promising coin that is suitable for long-term investment. Yes, you will most likely not make a lot of money on this coin unless the price of this coin rises to $10 in the near future. But, as we learned from this article, this is unlikely to happen. However, it’s always worth to try.
