Many people are interested in the Shiba Inu Coin forecast, but first, let’s figure out what kind of coin it is.
Like Dogecoin, Shiba Inu is a meme token that is inextricably linked with the Japanese dog breed. This decentralized cryptocurrency was created by a person (or group of people) under the pseudonym Ryoshi in August 2020.
If you ignore the fact that both are meme cryptocurrencies, there are many more differences between Dogecoin and Shiba Inu. SHIBA, whose price forecast is available below, was issued as an ERC-20 token, with a supply of tokens amounting to 1 quadrillion.
The main difference between the development was the fact that most of the tokens were destroyed immediately after release. The creators transferred 50% of the coins to Uniswap DEX, and the rest were provided to Vitaly Buterin, the creator of Ethereum. He paid for 410 trillion tokens, leaving 90 trillion left.
The creators explained their decision very simply. They do not want their brainchild to become a development, the tokens of which are regularly thrown onto the market by the creators, thereby manipulating the price. In the future, the coin should become a completely decentralized system in which 100% will be owned by the community. This contributes to the widespread use and stable growth of Shiba Inu, and the forecast of the value of the cryptocurrency will become easier to calculate.
Almost immediately from the moment it appeared on the exchange, the price soared by 27,000%, reaching a historical maximum of $0.00008, but now the current rate is several times lower. With active interest in Shiba Inu Coin, the forecast for 2022 looks optimistic. The coin will rise in price, although you shouldn’t expect a sharp jump in the exchange rate.
What affects the Shiba Inu cryptocurrency rate
It should be understood that forecasting Shiba Inu is a thankless task, so this article should not be taken as financial advice. The exchange rate is influenced by a huge number of factors. A prime example of this is Elon Musk's tweet in which he stated that he wants to buy a Shiba Inu dog. After that, the cost soared by 2000%. As you can see, famous personalities with their statements can seriously influence exchange rate fluctuations. However, Shiba is a cryptocurrency whose forecast can also be obtained based on the following information:
cost of Bitcoin and Ethereum;
fluctuations in the cryptocurrency market;
ecosystem expansion;
the appearance of updates;
increasing the speed of financial transactions.
It is also worth noting that cryptocurrencies are gradually moving into the legal field, falling under the jurisdiction of government regulators (at least in some countries of the world), so national banks in the future will have more influence on the rate of cryptocurrencies. The Shiba Inu Coin forecast which is available below is no exception in this regard.
It is important that the developers have provided a token to hedge risks at those moments when SHIB begins to submit. The coin is called Doge Killer (LEASH). It is actively used on the centralized exchange Shibaswap. Such developments of SHIBArmy distinguish the token from Doge Coin and also contribute to its growth.
Conclusions on Shiba Inu Coin
This development may be a parody, but its creators (known as SHIBArmy) are constantly trying to develop new features that would distinguish it from its competitor Dogecoin. For example, it is worth noting the launch of the ShibaSwap platform, which allows the exchange of SHIB, LEASH and BONE tokens without a central authority.
More than 600 companies have also added the coin for payments, and it is most often used for digital P2P payments. In addition, the token is often used to exchange for real assets.
Given Shiba Inu's clear roadmap, the 2025 forecast looks a bit underestimated. Some analysts expect a sharp jump in the value of the coin, others talk about more stable growth, which for them was the reason for excluding the token from their investment portfolio. In any case, the coin is expected to grow, so Shiba Inu is a reliable target for investment.
The Shiba Inu coin, whose forecast for the coming years is available above, is available for purchase and sale on the Changelly exchange platform. Here you can instantly transfer SHIB to tokens of 400+ other cryptocurrencies.
Disclaimer: Please note that the content of this article is not advisory in nature regarding investment or financial matters. The information presented in this article is solely the opinion of the author and should not be construed as trading or investment advice. We make no guarantees regarding the completeness, reliability or accuracy of this information. The cryptocurrency market suffers from high volatility and occasional misconduct. Any investor, trader or general user of cryptocurrencies should do their due diligence and become familiar with all local requirements before investing.
