Shiba Inu Coin is going through a huge decline nowadays, at the time of writing the coin is currently trading at $0.0000065, while it has touched the lowest value, which is $0.00000616. According to CoinMarketCap, the coin has lost almost 83% of its value after its all-time high.
According to different experts, the coin is likely to go upwards in the near future, however, it’s unclear when exactly it will gain its high position. Currently, the coin is trading at its lowest level.
The Dogecoin killer is a totally community-based cryptocurrency, which really depends on its strong community. Shiba Coin has gained most of its hype in the recent sessions through social media hype by Shiba Army. Despite this, the community is still struggling to make the coin worthwhile again. According to Investor Place. “Live by the community, die by the community.”
Besides this, the Shiba coin has still chances to surge up in the near future. The reason will be its strong network. The coin has an expanding network just like its recently launched decentralized exchange dex (ShibaSwap).
With ShibaSwap, the investors can now trade between Shiba and other tokens. While they are also able to Bury, DIG, and Swap the coins. The developers have also added three new pairs to ShibaSwap.
The predictions being made by CoinMarketCap suggest that Shiba Inu will hit $0.00001039 by the end of this year. However different forecasters have different predictions.
Moreover, Changelly suggests the coin might hit $0.0000202 at the end of 2021. If we see the long-term predictions then the Token is expected to hit a $0.000040 all-time high by the end of the year 2025.