Shiba Inu is a decentralized cross-platform ecosystem where you can interact with other investors, trade NFTS (non-fungible tokens), and also buy, sell, and exchange tokens. The Shiba Inu being a variant of Ethereum, makes use of the same blockchain technology and decentralized finance (DeFi) to create an engaging platform.
Today, we will explore what Shiba Inu is, how it works, how well its native token faired, and how it affects the market. We shall also make future price predictions of Shiba Inu, list the various exchanges that offer SHIB tokens, and explore whether Shiba Inu is a credible cryptocurrency project. So, read along.
What Is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is an Ethereum-based altcoin that was created in 2020. The token is named after Shiba Inu, a Japanese dog breed. Initially conceived as a ‘meme coin’ similar to Dogecoin (DOGE), Shiba Inu soon gained traction and soared past the popularity of Dogecoin, prompting people to call it the “Dogecoin Killer”.
SHIB was created as an ERC-20 token by an anonymous group called “Ryoshi”. SHIB soon developed into an ecosystem, where it was used for peer-to-peer transactions and accepted by businesses as a payment method.
The Shiba Inu has a multiple-token ecosystem. The three tokens are SHIB Token, BONE Token, and LEASH Token. While Shiba Inu (SHIB) is the key token, the other two are governance tokens.
Shiba Inu Price Prediction
While writing this article on Shiba Inu, SHIB is trading at $0.00003027 – down by 14.03% in the last 24 hours.
- Shiba Inu (SHIB) Price Prediction: 2024
Based on Shiba Inu’s current market price, SHIB is expected to trade within a price range of $0.0000085 and $0.0000250 in the year 2024.
- Shiba Inu Price Prediction: 2025
In 2025, SHIB is predicted to trade in the price range of $0.0000227 and $0.0000326, with an average price of $0.000032.
- Shiba Inu Price Prediction: 2026
According to the 2026 price forecast, Shiba Inu is expected to touch a minimum level of $0.0000295 and a maximum level of $0.0000424.
- Shiba Inu Price Prediction: 2027
Based on the forecast, Shiba Inu’s price is expected to fluctuate between a minimum level of $0.0000381 and a maximum level of $0.000054in the year 2027.
- Shiba Inu Price Prediction: 2028
As per predictions for 2028, SHIB is expected to reach a minimum price of $0.0000494 and a maximum price of $0.0000711.
- Shiba Inu Price Prediction: 2029
Based on predictions Shiba Inu might drop to a minimum of $0.0000644, but reach a maximum of $0.00000927 in the year 2029.
- Shiba Inu Price Prediction: 2030
For 2030, SHIB is expected to trade within a minimum price range of $0.0000836 and a maximum range of $0.0001204.
Where To Buy Shiba Inu (SHIB)?
Listed below are some of the popular exchanges on which you can trade Shiba Inu tokens:
- Coinbase
- Kraken
- FTX
- Bitfinex
Is Shiba Inu A Good Cryptocurrency Investment?
Shiba Inu (SHIB) is an Ethereum-based token that was launched in August 2020. It was created to rival Dogecoin and was started as a joke by an anonymous group. But, the coin soon gained popularity when Elon Musk tweeted about it just like he did with Dogecoin.
His tweets on Shiba Inu provided an advantage by bringing them into the radar of traders and increasing their value by 300%. Since then, Shiba Inu has developed into an ecosystem and is used by businesses for transactions.
Shiba Inu is relatively a new token, only launched in 2020. Its graph has been solely based on the hype it creates. Being a meme token, the online community might move onto new memes, driving Shiba Inu’s popularity down.
I would not rate this crypto project just yet as Shiba Inu is comparatively new. If you are planning on investing in Shiba Inu, I highly recommend you do a lot of research. Being a new token in the already crowded Ethereum-based token network, Shiba Inu is highly volatile.
