Shiba Inu (SHIB) is one of the digital currencies that has achieved wide fame due to community support and media work. However, the future prospects for its currency depend on several factors:
1. Utility:
If new projects such as DeFi platforms, blockchain-based games, or integration into payment systems are developed, this may lead to an increase in demand for the currency.
The Shibarium project (Shiba Inu's blockchain) may be an important factor in increasing its value if it is widely adopted.
2. Community support:
Shiba Inu relies heavily on the supportive community. If this support continues or increases, this may contribute to price stability or increase.
3. The general market for digital currencies:
The digital market in general is subject to significant fluctuations, especially with economic influences such as central bank decisions and legal regulations.
If the market recovers in general, the price of SHIB is likely to rise.
4. Burning:
Efforts to burn coins to reduce supply may lead to an increase in the value of the currency in the long term if they continue at high rates.
General forecast:
Short term: The coin is subject to volatility due to the impact of news and speculation.
Long term: If the team succeeds in developing a strong ecosystem and increasing the utility of the coin, it may have a chance to grow
