Shiba Inu Coin Price:Is there Still Room to Grow and Will It Hit One Dollar in 2022?
2022-03-09 10:09:09
How Much Is ShibaInu Coin Right Now?
As the second biggest meme coin that was created in 2020, Shiba Inu Coin(SHIB) has gained huge growth so far, with its price increasing by 26,000,000%, which was regarded as the most successful cryptocurrency. According to some experts, the upsurge of memecoin is coming to an end and they will never be able to reach the all-time high that they achieved at first. . Data shows that SHIB coin has decreased by 40% since early January in 2022, but the occasional spike in its price has kept investors coming back for more. Shiba Inu Coin remains in the top 15 cryptocurrencies and has at times very recently threatened the top 10. Is there still room for the value of SHIB coin to grow in 2022? Let’s find out.
How Much Is Shiba Inu Coin Right Now?
According to Gate.io, the second largest platform to buy, sell and trade Shiba Inu Coin, the price of Shiba Inu Coin today is $0.000023056, dropping by 3.96% in the last 24 hours.
Will SHIB Price Grow and Hit US$1 Cap in 2022？
At present, there are more than 549 trillion SHIB tokens in circulation. If the memecoin is worth $1, its market value will reach a staggering $549 trillion,surpassing all other cryptocurrencies and the whole cryptocurrency market. But the price of Shiba Inu Coin will not easily reach $1, which should either hop on a bull market in a row or reduce supply to trigger value.
In order to increase the supply of SHIB coins, a large number of them have to be withdrawn from circulation. As a result, they should either be burned or transferred to dead wallets, which is not new in the cryptocurrency market. For example, Shibburn has burnt 410 trillion SHIB coins. Therefore, it might potentially increase the value of Shiba Inu tokens by keeping with the burning trend . However, it remains a mystery whether the price of Shiba Inu Coin could reach as high as $1.
Should You Invest in Shiba Inu Coins Now?
Although it is difficult for Shiba Inu Coin to break through to hit $1, which may take years to achieve according to critics. On the other hand, according to intotheblock, there is a larger number of SHIB investors who are losing money instead of making profits, among which more than 59% of investors are losing money, while only 37% are earning. This may seem awful for those who plan to buy Shiba Inu Coin now. However, we can't deny the fact that early investors of SHIB coins harvested great profits in the bull market in 2021. In fact, reward vs risk are the two antithesis existing in all investments. So, you should better invest in SHIB coins depending on your own financial situation.
As the second biggest meme coin that was created in 2020, Shiba Inu Coin(SHIB) has gained huge growth so far, with its price increasing by 26,000,000%, which was regarded as the most successful cryptocurrency. According to some experts, the upsurge of memecoin is coming to an end and they will never be able to reach the all-time high that they achieved at first. . Data shows that SHIB coin has decreased by 40% since early January in 2022, but the occasional spike in its price has kept investors coming back for more. Shiba Inu Coin remains in the top 15 cryptocurrencies and has at times very recently threatened the top 10. Is there still room for the value of SHIB coin to grow in 2022? Let’s find out.
How Much Is Shiba Inu Coin Right Now?
According to Gate.io, the second largest platform to buy, sell and trade Shiba Inu Coin, the price of Shiba Inu Coin today is $0.000023056, dropping by 3.96% in the last 24 hours.
Will SHIB Price Grow and Hit US$1 Cap in 2022？
At present, there are more than 549 trillion SHIB tokens in circulation. If the memecoin is worth $1, its market value will reach a staggering $549 trillion,surpassing all other cryptocurrencies and the whole cryptocurrency market. But the price of Shiba Inu Coin will not easily reach $1, which should either hop on a bull market in a row or reduce supply to trigger value.
In order to increase the supply of SHIB coins, a large number of them have to be withdrawn from circulation. As a result, they should either be burned or transferred to dead wallets, which is not new in the cryptocurrency market. For example, Shibburn has burnt 410 trillion SHIB coins. Therefore, it might potentially increase the value of Shiba Inu tokens by keeping with the burning trend . However, it remains a mystery whether the price of Shiba Inu Coin could reach as high as $1.
Should You Invest in Shiba Inu Coins Now?
Although it is difficult for Shiba Inu Coin to break through to hit $1, which may take years to achieve according to critics. On the other hand, according to intotheblock, there is a larger number of SHIB investors who are losing money instead of making profits, among which more than 59% of investors are losing money, while only 37% are earning. This may seem awful for those who plan to buy Shiba Inu Coin now. However, we can't deny the fact that early investors of SHIB coins harvested great profits in the bull market in 2021. In fact, reward vs risk are the two antithesis existing in all investments. So, you should better invest in SHIB coins depending on your own financial situation.
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