Basic Shiba Inu price prediction. What happens if Ryoshi dies?
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Basic Shiba Inu price prediction. |
Shiba Inu (SHIB) is one of the most popular altcoins on the market that has been getting a lot of attention lately. But what is causing all this emotion, and more importantly, what does the future hold? Can we estimate the value of Sheba Inu coins?
Things got complicated in late May when the cryptocurrency's alleged founder, Ryoshi, deleted all of his tweets and disappeared from the internet, so we'll have to see what happens to meme coin.
A brief introduction to the Shiba Inu.
At first glance, the Shiba Inu Dog Mask cryptocurrency may seem like a thin shell of DOGE, but is there more to it?
Shiba Inu (SHIB). It was founded in 2020 by a mysterious founder named Ryoshi. The idea behind SHIB was to create a 100% decentralized and community-based cryptocurrency. Unlike DOGE, which is based on Bitcoin, SHIB is based on the Ethereum blockchain.
Difference Between Shib and Doge
According to CoinMarketCap, as of May 20, 2022, there will be more than 549 billion SHIB coins in circulation. The maximum supply, most minted coins, is one square or one billion. This means that the prices of SHIB coins will remain low for the most part.
This doesn't mean it won't rise at some point, but maybe the supply will bring the price down a bit. It certainly didn't reach the blessed $1 without serious financial challenges. However, the currency's relatively low price means it has upside potential, although investors should be realistic about their expectations.
As Ryoshi wrote in the Shiba Inu whitepaper (or "pool paper"), "We have earned the nickname DOGECOIN KILLER because of our ability to quickly value Dogecoin without exceeding $0.01."
Another thing about the size of SHIB coins is that half of the total supply will go to Ethereum founder Vitalik Buterin, who will burn 90 percent by May 2021, worth $6.7 billion to $410.24 trillion ( 4.9 kilograms). billions of people). "I don't want to be in that kind of energy," he said.
Bitcoin also donated 50 trillion coins to India's Covid-19 relief fund, worth $1.2 billion, last May to help those affected by Covid-19. The billionaire described it as "an opportunity to turn the meme bubble into something people can do better."
ShibaSwap. has great expectations.
SHIB's next step is to launch its own exchange, Shiba Swap, on July 6, 2021, which will also run on the Ethereum blockchain. It allows people to exchange their SHIBs for other cryptocurrencies through a decentralized exchange. Users can also earn other cryptocurrencies with the recently released Sheba, Lash (Dodge Killer), and Bone.
One thing to keep in mind when looking at Shiba Inu prices is that the database has over a million coupons online. The low price and low usage of Shiba Inu coins, the sub, which has three million Twitter followers and more than 471,000 people, shows hope for the future of Shiba Inu coins.
While it is safe to say that these sites are not the right place to discuss cryptocurrencies, they should be commended for being positive, enthusiastic, enthusiastic, and welcoming to those interested in SHIB.
SHIB certainly has a decent number of online evangelicals, so it's fair to assume that this memory base is far from exhausted. So what are the Sheba Inu coin price predictions for 2022?
Expected SHIB price history
Let's take a look at SHIB price history to provide context for future SHIB price predictions.
SHIB is valued at 0.0000000001 at its August 2020 release. It remained at this stage for the first nine months of its life. But then something happened.
When DOGE merged in early May 2021, people started looking for the next Dogecoin and many chose SHIB. That means the price went from $0.000005246 to $0.00001883 on May 8 when Elon Musk went live on Saturday Night Live, up nearly 260%.
Although Musk's appearance on American television affected the price of DOGE,
However, on May 19, 2021, the cryptocurrency market was hit hard and the Shiba Inu hit the rest. It fell to $0.00000622 on May 21 and $0.00001159 on May 24.
SHIB's surprise listing on Coinbase on June 17, 2021, boosted the coin's price by 28% from $0.00000728 to $0.000009331 in one hour. However, this sudden development failed.
On August 7, 2021, Shiba Inu organizers tweeted that they were implementing a "fire" system to reduce SHIB stocks by popular demand. Burning coins removes coins from circulation, which reduces inflation.
On the same day, the developers tweeted that they added two new trading pools to Shiba Swap, Perlin and Ryoshi, and burned $25,000 in SHIB and LEASH coins.
Flying and running
Unexpectedly, Poly Network Defi Heist On August 10, 2018, 2021, Mr. A hacker named White Head stole $600 million worth of cryptocurrency. The heist involved 259 billion Shiba Inu coins worth $2 million, but the amount of SHIB in circulation limited the impact of the hack on the coin's value. On August 10, SHIB price increased from $0.00000732 to $0.0000079 and from $0.0000071 to $0.00000788.
In September 2021, the crypto crisis wiped out billions from the cryptocurrency market, and on September 8, the SHIB coin price reached 0.000005782. It peaked at $0.000009138 on September 17, but after a few volatile weeks, it was $0.00007388 on October 1, 2021.
Then another tweet from Elon Musk and Subainui that SHIB is overvalued by 600%. According to WhaleStats, SHIB reached a new high of $0.00008845 on October 28, 2021, and Anonymous CryptoCenter bought $276.6 billion worth of SHIB tokens, equivalent to $12.2 million, according to WhaleStats.
B continues to dominate the headlines and became the third most popular cryptocurrency on Google in 2021. After three weeks of volatility and a new tweet from Musk announcing that he no longer owns SHIB, the token has fallen to the 11th largest cryptocurrency, not by market capitalization. . With a net worth of over $41 billion, it ranks 12th on CoinMarketCap and has a market capitalization of $21.1 billion.
On January 24, 2022, SHIB announced on Twitter the release of the Meta version, an "immersive experience for our ecosystem" called Shiberse.
On February 1, 2022, SHIB was trading at approximately $0.00002171. Good things happened for Shiba Inu on February 7th, announcing a $0.00003493 partnership with the fast food chain Wellies.
At least prices were higher before the market fell due to global tensions.
Investors were waiting to see if the news of a big entertainment crypto brand throwing a party or NFT SHIB's collaboration with fashion designer John Richmond would affect the token's price. The answer turned out to be "not true", and on March 24, 2022, the token was still trading around $0.000025.
The token reached a maximum of $0.00002927 on March 28, 2022. April 12 was the most volatile day for the token, falling from $0.00002198 to $0.00002977. Since then, American movie theater chain AMC Theaters has accepted cryptocurrency payments, but its value has dropped significantly, selling for $0.0000025 on April 19.
There was more bad news for SHIB owners. In 2018, the month ended at $0.0000, and on May 6, 2022, the price was $0.00002. SHIP was affected by the crypto crisis after the shutdown of UST and the collapse of LUNA on May 12, 2022, which dropped to $0.000009145. But then there was a slow recovery and on May 18, 2022, the price was around $0.000012. Two days later, the price was around $0.0000119.
On May 30, 2022, Roche deleted all of his tweets and almost all of his blog posts. The only exception is "I am not important and one day I will be ignored". Take SHIBA away.'
In June, the withdrawal of credit platform Crypto Celsius confirmed the cryptocurrency bear market, and on June 18, SHIB fell to $0.00007197. However, after this news, the Shiba Inu was released in late September
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