Shiba Inu coin the recently developed meme coin has gained hype mostly from social media along with huge investors’ supports. In this regard, a crypto expert suggests that the token might not see a great winter ahead. Including this, he also mentioned other coins like Safemoon, Dogecoin.
According to Liam Andrew Wright, a crypto expert from Benzinga, mentioned that projects like Shiba Inu, Dogecoin, and Safemoon are risen by social media hype. As there are no such fundamentals behind these.
Furthermore, he wrote, “I am not saying that Doge, Safemoon, or Shiba Inu are baseless projects without any strong fundamentals”. “I am Saying that these projects have risen due to social media hype and community momentum rather than their fundamentals. The fundamentals of the project are only discussed in hindsight on the subreddits for the most part. Doge is the epitome of the hype play, and without Elon Musk, it would unlikely be in the place it is today”.
Just like the recent crash in the crypto world, meme-based cryptocurrencies might experience another crash in the near future, if further investments have been made. The reason for that is buying crypto coins and selling them after some time for earnings, which in result head towards another crash.
Shiba Inu Price
At the time of writing the Shiba Token is trading at $0.000007603, which is far below the All-time high on May 10th. The Shiba Coin had experienced a bullish move on the 10th of May, at that time it was traded at $0.00003503 according to CoinMarketCap.
However, on May 11th the coin has collapsed and fell down from its All-Time High.
Will Shiba Inu Coin Rise?
Well, you can’t depend on the predictions been made, as no one can provide exact or guaranteed future predictions in the crypto world. However, different experts have predicted that the coin might hit $0.000318 by the year 2022, as I recently wrote for TheWistle.
Furthermore, the Shiba Inu coin is likely to rise and hit $0.0000621 by the start of the year 2025.
The coin has almost gained 60% in recent weeks from the lowest value in July. As a matter of fact, the future predictions for the Shiba coin aren’t that accurate, however, these are just the assumptions made by looking at different factors and elements. Besides this, we will be updating you regarding the upcoming news and predictions.