What is Shiba Inu (SHIB)?

Unlike the dogecoin, Shiba Inu is powered by Ethereum blockchain and is having plans of introducing the Bone dogecoin killer, shortly. It has its logo as the Shiba Inu, a hunting dog breed just like the dogecoin. Shiba Inu has its cryptocurrency, the Shiba token(SHIB) is a decentralized one, just like the other cryptos.

Founded by an anonymous person, Ryoshi, SHIB has its value outgrowing that of Dogecoin. One major reason for the Shiba token’s uptrend is that many popular Chinese investors are interested in this crypto. The prices are seen to skyrocket because different Chinese influencers are promoting it on various platforms.

Let’s have a deeper insight into the currency’s fundamental analysis.

• The founder of Shiba Inu is still unknown and only the name ‘Ryoshi’ is associated with it.
• The coin has been named after the Japanese dog breed, Shiba Inu similar to dogecoin. Even the platform and model are similar to that of Dogecoin.
• The price of the token was seeing a significant surge but remarkably fell on May 13.
• It fell to $0.000018, when Vitalik Buterin, a Russian organization donated about 50 million Shiba tokens to India as Covid Crypto release fund.
• The fungible tokens use ERC-20 and nonfungible tokens use the ERC-721 token standards of the Ethereum platform.
• These tokens have almost ten exchanges like Shibaswap, Kucoin, and Binance.

Also Read: Kusama Coin Prediction-Will KSM Price Rally in 2021?

Fun fact about Shiba Inu

Shiba Inu Is Aiming To Replicate Dogecoin. Just Like How Foregoing Turned It From A Meme Coin Into A Money-Making Machine. It Also Has The Same Logo As Dogecoin And Works On The Same Process. That Is Why It Is Popularly Called The Dogecoin Killer.

SHIB Price Prediction for 2021

The coin was found in August 2020 and it never saw the considerable price and remained negligible until April 2021. By April 20, it reached its first price of about $0.000009 and surged quickly to $0.000038 by May 9, 2021. Shiba Inu is one of those contenders, which enjoyed a +40,000% price increase after launch, but soon after got dumped heavily. 

However, since the May 19 crypto crash, the price of Shiba Inu has dropped significantly it saw a drop of about 40% and reached $0.000018. The market value of the token is 77% down after 12 May, which puts the investor in deep worry. However, it wouldn’t be wrong to say that Shiba Inu will experience a huge hype in the near future.

The price of Shiba Inu is believed to increase for the next coming years. It is predicted that by the end of 2021, the price will increase and reach $0.00002023, which is twice its current price.

Also Read: Shiba Inu Price Prediction: Will SHIB Price Rally in June?

SHIB Price Prediction for 2022

Following the surge to happen in 2021, it is expected that the price of Shiba tokens will further increase in 2022 also. By the end of 2022, it might reach $0.00002230.

Price Prediction For Next 5 Years

The following years are also predicted to see an increase in prices. It is estimated that the price may reach $0.00003106 by the end of 2025 and further keep increasing. By the end of five years, it may reach $0.00003860.

Also Read : Shiba Inu Price Poised For 30% Spike! SHIB Price to Hit $0.0000146!

Shiba Inu Market prediction

Walletinvestor

According to their prediction, the price will reach around $0.000030 by June, 2021. They also believe that the price will further increase and by the end of the next five years about 0.000048 USD.

Digitalcoinprice

According to digitalcoinprice, the price of Shiba Inu will not go downward and will reach about $0.00004398 by the end of six years from now.

Tradingbeast.com

Their predictions say that Shiba Inu is a good investment and the price values will increase. They believe that the price will reach $0.0000316 by the end of 2022.

Our Prediction

Shiba Inu has seen a good uptrend and is believed to increase even in the upcoming years. By the end of 2022, it might reach around $0.000022 and is believed to reach $0.000037 by the end of next five years.

Also Read: Polygon(MATIC) Price Prediction, Will The Price $5 By 2021?