Shiba Inu Token: Market Cap Hits $8

The Shiba Inu price increased by 40% on the previous day and over the week it has made 210% of profit. After a period of downtime when the prices of Dogecoin went up beating other meme coins, this week SHIB has made its way to the top not only surpassing Dogecoin but also Pepe (PEPE), Bonk Inu (BONK), and Floki (FLOKI). According to the sources, it has crossed the $63,000 mark. 

Shiba Inu marked its growth by hitting the market with $8.5 billion for the first time thereby, entering into the list of biggest cryptocurrencies and taking the 12th position. Experts predict that SHIB coins are likely to go up in the coming days. 

What Is Shiba Inu?

Shiba Inu (SHIB) token is an Ethereum-based altcoin where a Shiba Inu – a Japanese dog breed is portrayed as its mascot. Shiba Inu is a meme coin similar to Dogecoin. The coin has earned its name Doge Killer because it was launched as a rival to Dogecoin. 

It was launched in August 2020 by an anonymous group or an individual. Shiba Inu’s value went up tenfold in the year 2021 and still ranks first among all meme cryptocurrencies. 

It is a decentralized community and is accepted as a form of payment at different locations. Currently, traders are using the DEX – ShibaSwap. Over the years SHIB has become a stable coin and has maintained stability in prices. 

What Is Shiba Inu

Shiba Inu Price Prediction

  • 2024 Forecast

According to one of the reports, the profits could reach $0.00004930 by the year 2025. This means there will be approximately 280% to 3000% increase from the current rate. In the year 2024, the minimum cost of the SHIB token will be $0.00000363 and can go up to $0.0000206.

  • 2025 Forecast

As per the reports, the minimum price of Shiba Inu will be around $0.0000051, and the maximum is said to be around $0.000061. The average trading price will be $0.000053 for the year 2025. 

  • 2030 Forecast 

Experts estimate that the SHIB tokens will be around $0.000327 and $0.000394 in the year 2030. The average cost is expected to be around $0.000337. The prices are expected to go up by the end of the year. 

Where Can You Buy Shiba Inu (SHIB)?

Shiba Inu can be purchased through different platforms such as:

  • Binance
  • Huobi
  • Coinbase
  • OKEx

It is important to go through all the technical facts before investing in Shiba Inu. 

Is Shiba Inu Worth Investing In?

As per Yahoo Finance, the Shiba Inu coin chart predicts a bullish triangle and it means there is an upward trend. However, it is important to note that currently there is not much movement among the SHIB tokens. Only active buyers or new buyers can make a difference. So, if the charts do not rise, they can go downwards. 

However, it is important to do a lot of research and identify the potential risks before making any investment. The Shiba Inu coins can be purchased from a reputable broker or an exchange. 

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