The cryptocurrency market has been going through hard times lately. Initially, the cryptocurrency market was negatively affected by Covid-19, and in 2022, the cryptocurrency market is shaking due to political instability.
According to buidlbee, after the Shiba Inu coin appeared on the open spaces of the cryptocurrency market, its price went up and down several times. Despite the fact that this coin is clearly losing relative to other crypto coins, it still shows considerable interest.
Many people are wondering if this coin will eventually become as popular as, for example, Bitcoin and whether it is worth investing in it. In this article, we will try to answer the question: will the Shiba Inu coin reach 10$.
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What Is This?
The original purpose of launching this coin was an experiment. The coin does not have its own blockchain as the Shiba Inu is built on the Ethereum blockchain. The purpose of the experiment was to test the strength of the spirit of collective decentralization. The idea is to launch a cryptocurrency project that is 100% controlled by its community.
Will The Shiba Inu Hit The $10 Mark?
In the summer of 2022, the SIB token was at $0.000017. With such a systematic growth of the $0.00002 mark, the token can only reach 10 years later. Based on anecdotal evidence, some believe that by 2030 the token will be worth $0.00009. At the end of 2022, the coin is worth $0.000009.
For six months, the price of SIB has significantly decreased. However, you should not blame the coin either. As mentioned above, 2022 has become quite a difficult year for the cryptocurrency market.
But here are the changes that crypto investors predict until 2030 regarding the Shiba Inu
● There is a possibility of growth by 170% of the coin by the end of 2023. Then the
price of the coin will be about $0.00003;
● Already by 2024, an increase of 246% is expected, then the yen of the coin will
already be about 0.00004 dollars;
● By the end of 2025, growth will slow down a bit and the price will be $0.00004288;
● Seeing off 2026 with a growth of 345%, the coin will reach a price of $0.00005;
● And at the end of 2027, the PIB will cost almost $0.00006;
● By 2028, the price may drop slightly from $0.0000589 (2027) to $0.000056;
● However, by the end of 2029, the coin will be rehabilitated and will reach $0.00006;
● The end of the year 30 will please us with a 507% increase in the coin, where its
price will be $0.00007.
It is important to understand that the cryptocurrency market is a very unstable market, and it is very difficult to predict something for sure. Unfortunately, a lot of factors affect the price. Such as: news, the number of coins in circulation, the cryptocurrency cycle, as well as the Fed’s money cycles.
The above forecasts are not accurate, as we have already discussed that many factors influence the cryptocurrency market and the price of coins.
Despite all this, there is still hope to believe that the coin will be able to reach the $10 mark.
With the current price fluctuations in the cryptocurrency market, it is reasonable to assume that by the end of the decade, the coin can reach the 1 cent mark, and then the coin will become more and more popular.
At times like this, you have to be realistic. The Shiba Inu coin will need to rise by 18 million percent to hit $10 by the end of the 21st century. But who knows, maybe it will happen sooner?
Let’s not lose hope that the Shiba Inu coin will not only reach the $10 mark, but will overtake Dogecoin in popularity.
Should You Invest In A Shiba Inu?
As mentioned above, all cryptocurrencies are volatile. It is important to invest in cryptocurrencies on your own, and not because someone said that you need to invest in this particular coin. Cryptocurrency prices can both skyrocket with ease and fall at the same rate. At the moment, Shiba Inu is a risky investment asset. Shiba Inu is a meme coin, and its value directly depends on the demand for meme coins.
Curious about the future of the Shiba Inu coin? Most likely, that very modest image will help her to maintain popularity among crypto investors in many ways, thanks to her inexpensive cost.