Shiba Inu Coin, the new emergence in the cryptocurrency market experienced a sudden surge in the mid of May. The value of the coin hype from $0.015 to $0.038. however, according to the CoinMarketCap, the “Dog Killer” is down for the last 7 days.
The market value of the token is 77% down after 12 May, which puts the investor in deep worry. However, it wouldn’t be wrong to say that Shiba Inu will experience a huge hype in the near future. It is expected to hit $0.50 later or sooner.
A recent prediction has been made regarding the coin and is expected to mark up in the near days. According to Wallet Investor, the price of Shiba Inu is expected to hit $0.038 by June 2021. However, at the end of this year, it is expected to hit $0.048. Price predictions aren’t an easy job, as they are predicted by the most expert cryptocurrency investors and experts.
After the Chinese restrictions on Cryptocurrencies, the prices of well-known crypto coins such as Bitcoin, Ethereum and others have experienced a massive fall in their value. The value of bitcoin, which was hitting $65,000 in April this year, is now down to $34,759. The whole crypto market is crashed and investors had experienced a massive loss.
Additionally, those who are interested to hold the Shiba Inu coin should be careful as investing in crypto is a huge risk. Furthermore, new decentralized coins like SafeSpace, SafeMoon, and WenMoon are also surging up to, and gradually gaining their market values.