SHIB Coin Overview
|Coin Name||SHIBA INU|
You may ask why the SHIB Coin price is getting high? Or where Shiba coin price can go in 2022? Here we will try to analyze the future of the Shiba coin.
Rise of SHIBA Coin
The SHIB Coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors paired and personalities like Elon Musk and Vitalik Buterin tweeted about the new sensation.
SHIB is also known as the Dogecoin Killer. In mid-September Coinbase, the largest US-based crypto exchange listed Shiba Inu on their platform. This listing caused Shib Coin price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.
Since its launch, SHIBA INU has revolutionized several sectors. Many crypto trading platforms have listed the coin, and a team of specialist developers is working hard to promote the SHIB coin and increase its acceptance.
Can SHIB Coin Price Go High In 2022?
There are rumors that Shiba Inu Coin is going to list in premium crypto coin exchanges like Robinhood that boosted the market cap of SHIB recently, as well as their price. SHIB Coin is now ranking 11th in the top coin list.
The second reason behind Shib Coin rise is their Shib Army that works around a lot to benefit communities, creating partnerships and alliances of a non-profit level. SHIB army also launched a signature campaign to list SHIB in Robinhood.
The native token exchanges drive the whole process with other platforms generating more value for new enterprises and those corporate partners looking for momentum in their eco-space.
This philanthropic contribution by SHIB comes as an aggressive community initiative, and it has called for more rigorous participation by other crypto developers too.
Such initiatives are the reason that is increasing the SHIB coin price day by day. Recently it got down more than 20% but its holders have a strong belief that it will keep continuing its growth in 2022.
What Makes SHIB Coin Unique?
The SHIBA Coin website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIB community into the NFT market.
SHIB Coin developers have also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.
Such innovative campaigns of SHIB are making this community popular in the crypto domain. Such campaigns provide stability to crypto coins and make their holders believe stronger in the crypto coin.
Is Shiba a Good Investment?
As per our analysis, many crypto traders believe that SHIB Coin can be a great investment in the long run. As the value of the SHIB Coin is increasing it is guaranteed that the investment will produce a good return in upcoming years.
The SHIB Coin price will increase because of the efforts of the network developers and community investors. But as you know that the volatility drives the cryptocurrency market so you can’t believe in any price prediction blindly.
Today, it is not easy to make price forecasts and keep up with the current pricing. Many crypto analysts come into play in this regard and update their prices time by time.
Crypto consumers are still concerned about crypto bans and new restrictions. So, before investing in Shib coin or any other cryptocurrency you must analyze the risk factors.