What Will Be The Price Trend of Shiba Inu Coins in 2022?
2022-03-25 10:20:49
How Much Is Shiba Inu Coin Today?
If you were to ask which was the craziest cryptocurrency in 2021, some people would answer Bitcoin. Because even though Bitcoin saw a significant drop in the second three months of 2021, it was up 60% for the year. Such a rise is considered high in a normal financial investment. But actually, the answer is not this.
There is a cryptocurrency that rose 45,986,201% in 2021. Such a rise is equivalent to the fact that if you invest $2 initially, you could be a millionaire by the end of the year. This cryptocurrency is the Shiba Inu Coin.
The live Shiba Inu price today is $0.000022 with a 24-hour trading volume of $652,201,481. Shiba Inu is 33.29% below the all-time high of $0.000032. (Source: Gate.io, as of March 15, noon)
Shiba Inu Coin Was Once Unstoppable in 2021
Although Bitcoin and Ether, the top two cryptocurrencies, account for 62% of the total value of digital currencies, neither of them has a history of more heat and gains than the Shiba Inu coin in 2021. It was also such an exaggerated rise that made Shiba Inu coin the king of MEME coins all of a sudden, surpassing Dogecoin as a top 15 cryptocurrency. However, what did such a jump in rally make Shiba Inu coin reap in 2021?
1. The explosion of the Shiba Inu coin has led more and more cryptocurrency exchanges to identify and list it. For example, Gate.io exchange, a top 10 international digital currency trading platform in the world, has more than 10 million users from more than 190 countries trading and storing assets in more than 1,200 leading cryptocurrencies.
2. The launch of the decentralized exchange ShibaSwap. One very important feature of this exchange is the pledging ability. It earns passive income to incentivize investors to hold on to their Shiba Inu coins by betting on them.
3. Token destruction reduces the cyclical long-term supply of Shibascoins. To keep the holders in a long-term state as well as to preserve the value of the virtual currency, the team will perform the burning and destruction of Shiba Inu coins. The burned quantity will be billions of times larger, which also makes the remaining Shiba Inu coins more valuable.
Shiba Inu Coin Plans in 2022
A sustained spike is hard to obtain. After the Shiba Inu coin rose so much in 2021, many people started worrying that the Shiba Inu coin might start to take a continuous downward route. But that still doesn't affect many people to buy Shiba Inu coin. However, in 2022, the Shiba Inu coin has already made some plans and impacts.
1. Three companies accept Shiba Inu coins and plan to integrate them into their payment systems soon. One of the most well-known companies in the movie theater chain AMC Entertainment, officially announced on Twitter that it would include Shiba Inu coin as a payment method and accept gift cards, movie tickets, and certain offers. The remaining two companies are Boots and Newegg Commerce.
2. The expected launch of Shibarium, a second-tier blockchain. Tier 2 blockchains build on top of existing blockchain frameworks and typically focus on reducing fees, improving scalability, or speeding up processing times associated with the network. And Shibarium was launched to reduce or eliminate transaction fees and attract more investors to join.
3. Development updates on Oshiverse. The SHIB team plans to build decentralized applications and games on the blockchain. Oshiverse is a monetizable video game that can be used on smart devices such as iOS and Android.
Shiba Inu coin's burning and destruction mechanism continue, and ShibaSwap's exciting model is extending the trading time of holders. As SHIB gradually moves away from its current MEME status, this increases the average holding period for investors and minimizes the dramatic fluctuations in the Shiba Inu coin's price. This is good news for investors, as the Shiba Inu coin is likely to rise again in 2022. However, you need to consider the risks carefully before investing.
If you were to ask which was the craziest cryptocurrency in 2021, some people would answer Bitcoin. Because even though Bitcoin saw a significant drop in the second three months of 2021, it was up 60% for the year. Such a rise is considered high in a normal financial investment. But actually, the answer is not this.
There is a cryptocurrency that rose 45,986,201% in 2021. Such a rise is equivalent to the fact that if you invest $2 initially, you could be a millionaire by the end of the year. This cryptocurrency is the Shiba Inu Coin.
The live Shiba Inu price today is $0.000022 with a 24-hour trading volume of $652,201,481. Shiba Inu is 33.29% below the all-time high of $0.000032. (Source: Gate.io, as of March 15, noon)
Shiba Inu Coin Was Once Unstoppable in 2021
Although Bitcoin and Ether, the top two cryptocurrencies, account for 62% of the total value of digital currencies, neither of them has a history of more heat and gains than the Shiba Inu coin in 2021. It was also such an exaggerated rise that made Shiba Inu coin the king of MEME coins all of a sudden, surpassing Dogecoin as a top 15 cryptocurrency. However, what did such a jump in rally make Shiba Inu coin reap in 2021?
1. The explosion of the Shiba Inu coin has led more and more cryptocurrency exchanges to identify and list it. For example, Gate.io exchange, a top 10 international digital currency trading platform in the world, has more than 10 million users from more than 190 countries trading and storing assets in more than 1,200 leading cryptocurrencies.
2. The launch of the decentralized exchange ShibaSwap. One very important feature of this exchange is the pledging ability. It earns passive income to incentivize investors to hold on to their Shiba Inu coins by betting on them.
3. Token destruction reduces the cyclical long-term supply of Shibascoins. To keep the holders in a long-term state as well as to preserve the value of the virtual currency, the team will perform the burning and destruction of Shiba Inu coins. The burned quantity will be billions of times larger, which also makes the remaining Shiba Inu coins more valuable.
Shiba Inu Coin Plans in 2022
A sustained spike is hard to obtain. After the Shiba Inu coin rose so much in 2021, many people started worrying that the Shiba Inu coin might start to take a continuous downward route. But that still doesn't affect many people to buy Shiba Inu coin. However, in 2022, the Shiba Inu coin has already made some plans and impacts.
1. Three companies accept Shiba Inu coins and plan to integrate them into their payment systems soon. One of the most well-known companies in the movie theater chain AMC Entertainment, officially announced on Twitter that it would include Shiba Inu coin as a payment method and accept gift cards, movie tickets, and certain offers. The remaining two companies are Boots and Newegg Commerce.
2. The expected launch of Shibarium, a second-tier blockchain. Tier 2 blockchains build on top of existing blockchain frameworks and typically focus on reducing fees, improving scalability, or speeding up processing times associated with the network. And Shibarium was launched to reduce or eliminate transaction fees and attract more investors to join.
3. Development updates on Oshiverse. The SHIB team plans to build decentralized applications and games on the blockchain. Oshiverse is a monetizable video game that can be used on smart devices such as iOS and Android.
Shiba Inu coin's burning and destruction mechanism continue, and ShibaSwap's exciting model is extending the trading time of holders. As SHIB gradually moves away from its current MEME status, this increases the average holding period for investors and minimizes the dramatic fluctuations in the Shiba Inu coin's price. This is good news for investors, as the Shiba Inu coin is likely to rise again in 2022. However, you need to consider the risks carefully before investing.
Previous article:
Burning 600 Million? What Is The Current Price of Shiba Inu Coins?
Popular News
