Do we should invest in shiba coins now while its price still low (0.00000685)?
Unlike Dogecoin (DOGE), Shiba Inu lacks the support of Elon Musk, the founder of SpaceX and Tesla. Musk’s Twitter is considered a place of mystery in the world of cryptocurrencies. The multi-billionaire’s tweets hold immense traction in the crypto world to such an extent that a 5-20% drop in crypto prices has been witnessed.
A great example of this would be the environmental issue surrounding Bitcoin. When Musk tweeted about it in May, BTC went down by 20%, however, with a single tweet in support of BTC, it immediately went up by 4%.
It is clear to everyone now that Elon Musk’s opinion about crypto holds immense value and his support for Dogecoin is valuable.
But even without elon musk support the market experts predicting that shiba inu coins will have good future and there is a prediction that shiba inu will get to 0.000035 in 2022 and its will not goes down like may 2021 when shiba has reached to 0.0000379 . This time shiba inu will rise slowly with baby stepps . At the same time The founder of Ethereum, Vitalik Buterin owned about half of SHIB tokens’ supply. However, he opted to burn 90% of them (an act that spiked SHIB’s price for a limited period), which amounted to 410 trillion tokens, valued at around $6.7 billion.
This decrease in supply may kick-start a new bullish run for the coin. Another important factor to keep in mind is market capitalization. Shiba Inu have huge market capitalizations, which may limit the possibility for greater increases.
And according to some experts investors shiba inu maybe hit 1$ in 2025 but that is just a possibility if the
Crypto market still rise up with strong investors especially ethereum . Because shiba inu is based on ethreum the second large cryptocurrency .
So for long time invest shiba inu will be the best choice for them because they can easily turn 100$ to 600$or more on 2022 if the market goes strong .