Crypto

Will Shiba Inu Price Go Up?

January 9, 2022

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Will Shiba Inu Price Go Up?

Table of Contents

Many Ethereum investors are thinking will Shiba Inu’s price go up?

That’s why they are keeping an eye on Shiba Inu and are shopping for up large quantities of the dog-themed token as it’s getting better from its latest decline in rate.

Some traders and investors alike suggest Shiba Inu is gearing up for a 100% growth in rate at any time.

We percentage this thesis for the time being, as Shiba Inu is very well positioned at the moment.

One of the crypto whales investing in Shiba Inu goes by the name of Gimli and freshly added 110 billion Shiba Inu coins value around $3,62 million to his previously significant crypto portfolio containing a total of $47,8 million worth of just Shiba Inu coins alone.

How Much is a Shiba Inu 2022?

Shiba Inu has proclaimed that they are generating their blockchain. Moreover, they are launching DAO, a Decentralized Autonomous Organization, in 2022.
This announcement has placed Shiba Inu in the attention of both investors and traders. That’s why Shiba Inu may go down its Memecoin tag and turn into a high utility token.

How Much will EverGrow Coin be Worth?

Another Cryptocurrency, EverGrow, is making big moves this week. EverGrow coin is going up over 140% this week, yet the recent crypto market crash.

On every transaction, EGC is the first crypto that rewards 8% to its holders in BUSD. In September, EGC has already awarded over $31 Million BUSD.

The sudden surge in EGC price is EGC will launch its NFT lending ecosystem with the marketplace.

They will use Play to earn games, Staking Pools, and Content subscription platforms like Patreon and Onlyfans with Fiat/Crypto Gateways. That’s why ECG price is supposed to be caused as in q1, 2022.

Apart from EGC, our technical analysis shows that The Shiba Inu has entered fresh support areas.

Moreover, its previous resistance lines have now become the opposite suggesting. Therefore, the expansion phase will most likely begin soon.

If you intend to invest in a project that may see similar returns, Solana is a coin you should consider. Solana is a blockchain platform that is designed to be scalable and efficient.

How Much will Shiba Inu be Worth?

In an optimistic scenario, the downside risks of Shiba Inu are most likely limited to the 2000 zone, which makes the altcoin just very well positioned right now.

Moreover, Bitcoin’s current price drop isn’t significantly impacting Shiba Inu’s price, and capital inflow into Memecoin keeps increasing.

Simultaneously, on-chain metrics, we observe a massive expansion in the quantity of Shiba Inu holders.

Moreover, more than 1,1 million traders are holding Shiba Inu till today.

Shiba Inu can be the asset likely to happen in high demands with slight to no downside risk. Therefore, it can be an excellent investment right now.

It is generally said that 2022 is suitable to invest in Cryptocurrency. However, if you have no idea which Cryptocurrency is best, you can get an idea from The Best Cryptocurrency To Invest In 2022.

Conclusion

In conclusion, we expect Shiba Inu to expand a bunch of traction in the next couple of days. Which means instability will highly increase.

It will increase many opportunities for both bears and bulls alike. In addition, other Altcoins on our watchlist, including Solana and Dogecoin, will increase.

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