The answer to the question: ‘Is now a good time to buy Shiba?’ Will likely to depend on Shiba price prediction updates. As per SHIB price forecasts, Shiba is predicted to cross the $0.0001 mark price in 2022, soaring towards the $0.00012 level in 2023 and $0.00018 in 2025.
Key points of why now is the right time to buy Shiba Inu:
- Shiba Inu core fundamentals are getting better
- It is quite affordable
- Crypto market as a whole is trying to reclaim its bullish momentum
- Market cap a little steep for a relatively new project
The cryptocurrency market set new records in 2021, hitting a $2 trillion market capitalization and showing growth signs.
One of the biggest crypto winners in 2021 was Shiba Inu (SHIB). The crypto is up by over 1,200,000% since its launch.
As such, despite its sluggish performance recently, those who got in early are still sitting on a hefty profit.
But what about someone looking to invest in it today? Is now a good time to buy Shiba Inu? This article analyzes Shiba Inu to try and figure this out.
Staking On Shibswap
While Shiba Inu started as a meme coin riding off the Dogecoin rally, it is innovating to add value.
One of its biggest moves so far was the launch of Shibswap in July 2021. Shibswap is a DEX that allows investors to exchange tokens and stake their Shiba Inu tokens.
The staking aspect of this DEX is likely to give Shiba Inu the most value. That’s because once one stake, their Shiba Inu are locked for 6-months.
Essentially this will help keep the price of Shiba Inu stable going into the future. At the same time, this will play into its demand dynamics as more people buy Shiba Inu for staking purposes.
This is one of the reasons that could see this crypto grow in value significantly going into the future.
Shiba Inu Is Nominally Cheap
A while back, Mark Cuban stated that people love buying cryptos because they can afford whole coins.
This is evident in the growing calls for Bitcoin to be traded in Satoshis to give more investors this opportunity. CoinMarketCap even lists Satoshis as a separate crypto from Bitcoin.
This desire to own whole cryptos has drawn many people to Shiba Inu and will continue to do so going into the future.
With just $100, one can own millions of Shiba Inu and profit from the volumes as the price increases.
One may not easily feel the same satisfaction from buying $100 worth of Bitcoin or Ethereum. The network fees alone would make such an investment impractical.
This is a factor that could play into the demand dynamics of SHIB going into the future.
Should you buy Shiba Inu in 2022? How much will it be worth a few years down the line, and how much should you consider investing in Shiba Inu?
Well, if a good investment is an asset that makes you earn handsome profits, then YES, Shiba Inu, the Dogecoin killer, is a good investment. It is currently in a dip, but crypto experts are confident that it will rise again and earn its investors good money. It is a lowly priced and hype-driven altcoin. Crypto experts are confident that if the current media buzz surrounding meme cryptocurrencies carries on, SHIB token prices will hit significant heights – effectively making it a good investment.
Crypto industry observers say that a few factors give Shiba Inu an edge over pioneer and established cryptocurrencies like Bitcoin or Ethereum. Hence the appeal to individuals looking to dabble in cryptocurrencies.
But how much could it be worth, and what portion of my portfolio should I dedicate to Shiba Inu?
We answer these and more questions that help you decide if Shiba Inu is indeed a good buy in this crypto investment guide.
First, though, we want to understand what Shiba Inu is.
What Is SHIBA Inu?
Shiba Inu or SHIB token is an Ethereum-based altcoin created by the mysterious and pseudonymous “Ryoshi” as an “experiment in decentralized spontaneous community building.” It is an ERC-20 token that is modeled off the all-popular joke cryptocurrency – Dogecoin. It adopts the name of a breed of dog native to Japan – Shiba Inu – which also serves as Dogcoin’s logo. Hence the nickname Dogecoin killer.
SHIB tokens launched in August 2020 when the altcoin development team created 1 Quadrillion Shiba Inu tokens. They would remain pretty valueless and trading around the listing price of $0.0000000009 until April 2021, when they started attracting little social media hype.
The tokens biggest moment came about after two tweets by Elon Musk on 7th and 14th May, where he expressed interest and intent to add the Dogecoin Killer tokens to his portfolio. Today, the altcoin is trading around $0.000020 with a market capitalization of $11 Billion. It is also ranked 15th on CoinMarketCap’s list of largest cryptocurrencies.
The rapid growth makes it one of the fastest-growing cryptocurrencies. But does it, in effect, make it a good investment?
Is Shiba Inu A Good Investment?
Shiba Inu is currently a trending topic in the crypto world, with mentions from notable crypto industry experts and celebrities. It was also one of the fastest-growing altcoins for 2021. And for a cryptocurrency that derives much of its value from social media hype and celebrity endorsements. This makes it a good investment.
Some of the more fundamental factors that make Shiba Inu a good investment today include:
Low prices: Despite all the hype and unrealistic growth that SHIB tokens have received in the last months, their prices are still relatively low. For instance, with just a dollar, you can own 48,000 SHIB tokens today. And this, together with the huge potential for growth, places it at a vantage point above such established coins as Bitcoins and Ethereum.
Positive overall ROI: In the 17 months that Shiba Inu has been around, its price has appreciated by more than 1,200,000%. Despite the recent dip, the SHIB token is still a good buy because experts expect it to rebound and score an even higher ATH.
Potential for growth: Investors, market observers, and crypto price prediction websites are optimistic that, moving into the future, the cryptocurrency will rebound and continue rising. While they do expect Shiba Inu to hit such exotic price levels as $1, most expect it to break above its October 2021 ATH in the next year.
Hype and endorsements: As deVere Group CEO – Nigel Green – rightly puts it, altcoins like Shiba Inu have no real value. Rather, their value lies in the reach and impact of their social media hype. Moving forward, you can expect SHIB tokens to continue riding the publicity that they are currently getting from such celebrities as Elon Musk and the crypto community, making a good investment.
In anticipation of better and hype-driven performance from Shiba Inu moving forward, you must be asking; how much should I invest in Shiba tokens then.
How Much Should I Invest in Shiba Inu?
There currently is no standard on how much you can or should invest in Shiba Inu or any other cryptocurrency. How much you commit to buying SHIB tokens should be informed by such factors as your investment goals, amount of disposable cash at hand, risk tolerance level, and understanding of the crypto market dynamics.
Keep in mind that cryptocurrencies – including Shiba Inu – are some of the most volatile investment products around today. If you are a beginner to crypto trading or only have moderate trading experience, you are advised to engage the guidance of a professional trader.
As always, and as with any other investment, we encourage you to only invest in Shiba Inu what you can afford to lose.
How Much Could Shiba Inu Be Worth?
At the moment, the crypto community is confident that Shiba Inu will rise again soon. The extent to which the coin can rise in the current year or the next, however, remains debatable. Most price prediction websites and cryptocurrency analysts are, however, confident that the Dogecoin killer will be worth more at the end of the year and in the next five years than it is today.
For instance, Gov.Capital – a price prediction website – expects the ERC-20 token to end 2022 trading around the $0.00012 price level and growing this to $0.00079 by the end of 2025.
Analysis by Coin Price Forecast, yet another website that uses technical analysis to forecast the future prices of digital currencies, indicates that the token may end 2022 selling for $0.00017. The analysis then suggests that SHIB token prices will continue rising and trading for $0.00077 by the end of 2025.
Crypto experts at the Economy Forecast Agency are not as confident and predict SHIB tokens may only get as high as $0.000024 by the end of 2022.
Should You Invest In Shiba Inu?
You should only consider investing in Shiba Inu if you are totally convinced that Shiba Inu prices will continue rising in the foreseeable future.
But if you are looking for different expert opinions to help shape your decision. Any crypto analyst will tell you that they are currently laying back in a wait and see pose, watching as the Shiba Inu price action unfolds.
They are fifty-fifty on whether to invest in the coin or wait for it to break out in any direction. CoinFlip CEX, Ben Weiss, recently brought forward what is in every investor’s mind when he said that “(Shiba Inu’s) price could certainly g up, but it could just as easily come down.”
It is a catch 22, if you wait and the SHIB token prices break put upwards, you miss out on what could potentially be one of the most profitable crypto rallies in days. And if you go in hard now, and it dips further, you get burned.
The Bottom Line – Should You Buy Shiba Inu Coin?
You can consider buying Shiba Inu Coin as per the bullish forecasts by analysts across several credible and authentic crypto prediction portals. With that said, cryptocurrencies are risky assets that could lead to losses. This is the main reason you should understand that investments can only be made after assessing risks and rewards. You must always ask the question, do the potential rewards of investing in Shiba Inu Coin outweigh the possible consequences of the risks?
Shiba Inu has lots of risk factors. Shiba Inu is highly volatile; it’s thriving on a meme-frenzy that could burst anytime, and among an asset class whose future is not certain. On the other hand, SHIBs involvement in a COVID Relief Fund has increased its popularity, has made some investors millionaires, and has scarcity to look forward to due to the actions of Vitalik Buterin to burn most of the tokens. Its relatively lower price makes it a great financial instrument for newcomers in crypto investing. What’s more, its enlistment on the major exchanges globally makes it highly accessible as well.
So, should I buy Shiba Inu Coin? YES, you can consider buying SHIBs because two brothers made an $8,000 investment in February 2021 and walked away with $9 million in May 2021. The same brothers want you to know that you should do independent research and invest in Shiba Inu Coins, an amount of money you can afford to lose. Does investing in Shiba Inu work? For the traders and investors who decided on the digital asset in its inception, some have seen more than 30,000% return on their investments. Is it worth investing in Shiba Inu? For what’s worth, experts predict SHIB could reach $0.00002 in 2022. This means that any investment made now could be worth at least 50% more.
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