Will The Value of The SHIB Change in 5 Years?
2022-04-11 18:00:15
What Will Shiba Inu Coin Be Worth In 5 Years?
At the end of March when the announcement of the upcoming meta-universe project was made the price rose to $0.00002898 and has been falling ever since, with the lowest price being $0.00002376. Information from the international digital currency exchange Gate.io, pegged the price of the Shiba Inu coin at $0.00002437 at the time of writing and has since dropped 7.69% in the last 7 days, with a 24-hour volume of $627.64 billion and a current market cap of $13.42 billion.
What will be the price trend of the Shiba Inu coin, which has not broken $0.00003 recently? We can take a look at the recent activities and information on the Shiba Inu coin first.
SHIB Meta-Universe Land Competition Begins This Week
The official Shiba Inu Coin Twitter announced on April 8 that the land competition program will be opening soon (within a week). The bidding event is expected to last for three days, participants will need to lock their LEASH or Shiboshi NFT to participate in the land bidding, and the competition currency will use Ether coins.
The Metaverse project is divided into three phases. The first phase is the land bidding campaign, which is the one currently announced to start soon. The second and third phases are for investors who are unable to participate in the bidding process and can purchase the remaining available land in the virtual land for a fixed price without locking in any SHIB ecosystem assets, both of which will begin immediately after the first phase of bidding.
SHIB Has Become The Largest Currency Held by Whales
According to the data in WhaleStats, the Shiba Inu coin is now the largest token (Excluding ETH) held in the top 100 Ethereum wallets. Total holdings represent 14.69% of the total wallet valued at $1,306,347,754. The highest individual holding is the top-ranked whale with the code "Light", which holds 3.41% of Shiba Inu coins with about 34,108,281,443,997 units, worth $828,149, 073.
With the price of Shiba Inu coins continuing to fall now, whales are still buy Shiba Inu coin in large quantities, which has made investors look forward to the price trend of Shiba Inu coins.
Shiba Inu Coin Continuously Burning
On April 9, the Shiba Inu coin army continuously burned 130 million Shiba Inu coins. The official statement says that "Burning Shiba Inu coins are a core aspect of the ecosystem" and that the Shiba Inu army will continue to burn the currency to maintain the rarity and stability of the tokens. The total number of Shiba Inu coins in circulation is currently 549.06 trillion.
Shiba Inu Coin's Value Change in 5 Years
Many people are predicting that the price of the Shiba Inu coin will reach $0.01 when its price has been falling, and currently, it has not even broken $0.00003 yet. However, with the opening of the Shiba Inu coin's meta-universe project, its price will likely see a drastic change.
Based on the price fluctuation of the Shiba Inu coin from 2021 to 2022, its price has increased by 463.6 times. If we make a bold prediction based on this price fluctuation, the price of the Shiba Inu coin will reach $0.005641 in five years, an increase of 231.5 times.
Certainly, predictions are not facts. Investments in cryptocurrencies need to be examined and carefully considered. After all, high returns come with high risks.
At the end of March when the announcement of the upcoming meta-universe project was made the price rose to $0.00002898 and has been falling ever since, with the lowest price being $0.00002376. Information from the international digital currency exchange Gate.io, pegged the price of the Shiba Inu coin at $0.00002437 at the time of writing and has since dropped 7.69% in the last 7 days, with a 24-hour volume of $627.64 billion and a current market cap of $13.42 billion.
What will be the price trend of the Shiba Inu coin, which has not broken $0.00003 recently? We can take a look at the recent activities and information on the Shiba Inu coin first.
SHIB Meta-Universe Land Competition Begins This Week
The official Shiba Inu Coin Twitter announced on April 8 that the land competition program will be opening soon (within a week). The bidding event is expected to last for three days, participants will need to lock their LEASH or Shiboshi NFT to participate in the land bidding, and the competition currency will use Ether coins.
The Metaverse project is divided into three phases. The first phase is the land bidding campaign, which is the one currently announced to start soon. The second and third phases are for investors who are unable to participate in the bidding process and can purchase the remaining available land in the virtual land for a fixed price without locking in any SHIB ecosystem assets, both of which will begin immediately after the first phase of bidding.
SHIB Has Become The Largest Currency Held by Whales
According to the data in WhaleStats, the Shiba Inu coin is now the largest token (Excluding ETH) held in the top 100 Ethereum wallets. Total holdings represent 14.69% of the total wallet valued at $1,306,347,754. The highest individual holding is the top-ranked whale with the code "Light", which holds 3.41% of Shiba Inu coins with about 34,108,281,443,997 units, worth $828,149, 073.
With the price of Shiba Inu coins continuing to fall now, whales are still buy Shiba Inu coin in large quantities, which has made investors look forward to the price trend of Shiba Inu coins.
Shiba Inu Coin Continuously Burning
On April 9, the Shiba Inu coin army continuously burned 130 million Shiba Inu coins. The official statement says that "Burning Shiba Inu coins are a core aspect of the ecosystem" and that the Shiba Inu army will continue to burn the currency to maintain the rarity and stability of the tokens. The total number of Shiba Inu coins in circulation is currently 549.06 trillion.
Shiba Inu Coin's Value Change in 5 Years
Many people are predicting that the price of the Shiba Inu coin will reach $0.01 when its price has been falling, and currently, it has not even broken $0.00003 yet. However, with the opening of the Shiba Inu coin's meta-universe project, its price will likely see a drastic change.
Based on the price fluctuation of the Shiba Inu coin from 2021 to 2022, its price has increased by 463.6 times. If we make a bold prediction based on this price fluctuation, the price of the Shiba Inu coin will reach $0.005641 in five years, an increase of 231.5 times.
Certainly, predictions are not facts. Investments in cryptocurrencies need to be examined and carefully considered. After all, high returns come with high risks.
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