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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The year was 2013 when the crypto-verse was still getting started, how would one even know, that years down the line. Dog-based meme cryptocurrency could return millions in gains for investors. Whilst Dogecoin still holds the crown of the largest meme coin. Successively, its counterpart Shiba Inu with its heroic run from the fourth quarter of 2021 and escalating dominance. Has been earning prominence in the industry. Investors and traders are still keen on Shiba Inu, as the team will be venturing into a host of new-age applications.
SHIB's price has been on a slide since its ATH, which was achieved in the fourth quarter of 2021. The meme coin had made its way to 2022 in a similar trend, with a price tag of $0.00003448. However, in about 10-days, SHIB took a dip to its crucial support at $0.00002653. While the dog coin did pose a v-shaped recovery to $0.00003253, the rise was short-lived as the price took a plunge leading to bottoms at $0.00001745 on January 22nd. After a brief consolidation period, SHIB spiked to $0.00003526 on February 8th. However, the tension in the business has led to the quarter's closure at $0.0000277. The second quarter has been heart-wrenching for the crypto space, and the canine coin has borne the brunt to a greater extent. The meme coin is presently down by about 62% since the start of the second quarter. The price of SHIB at the time of publication is $0.00001027.
Shiba Inu could make it big if it witnessed notable adoptions and big-name collaborations. As a result, the meme coin could escalate to a maximum of $0.00001274 by the end of the quarter. On the downside, the lack of stimulating events could aggravate its ebbing stance, resulting in the price dropping to $0.00000887. However, constrained by the sideways trend, the average price might settle at $0.0000108. The optimism of the fourth quarter would further receive impetus from the project's L-2 Shibarium. If the requisite assistance is given to the product, and if it garners the interests of investors. The results would reflect the price of SHIB, which might claim a pricier tag of $0.00001669. In contrast, factors like negative criticism or a bear run might crash the price to lows of $0.00001142. Considering the bullish and bearish targets, the average price might be $0.00001363.
If SHIB price ends its trade for 2022 on a bullish note and carries forward its legacy. With further impetus from initiatives such as DAO, Shiba Inu game, and NFTs, the price could breach the target of $0.0000275. At the same time, usual buying and selling pressures could take the price to $0.00002158. Finally, bearish trends could leave the price at $0.0000145. In 2024, the growing acceptance by retail and luxury brands could make way for global recognition and the influx of elite customers. In such a case, with an increase in buy orders, the price of SHIB could attain a pricier tag of $0.0000474. On the other hand, depleting stance of SHIB and lack of volumes could haunt the price down to $0.0000246.
In 2025, if the visionary developments of the makers fall in place, and if Shiberse emerges as an eminent player in the metaverse, which is expected to boom over the years, SHIB price could land at $0.0000791. That said, if the community drives the price with usual buying and selling pressures, SHIB could trade at an average price of $0.0000626.
On the downside, if the investors fail to keep up with the liquidity of the digital asset on exchanges. Then, FUD and negative sentiments might lower the price to $0.0000431.
