Will Shiba Inu Coin reach $1? SHIB Price Prediction!

Now the end of 2021 is rapidly shaping up to be the year of the SHIB. As Shiba Inu is trading at 0.00002788 cents. A gain of almost two million percent ever since its launch back in August 2020.

And now we have big Ethereum whales spending millions of dollars to buy SHIB. We have Turkey’s oldest and biggest exchange listing Shiba Inu, and you can now buy SHIB at more than 4 000 ATMs across the US and Brazil through coin cloud.

And after getting many requests from you guys to make this article and seeing all the price targets for one cent and one dollar. How possible is it for Shiba Inu to get to one cent and make millionaires in the process?

So in this article, we will go over all the evidence and break down how SHIB could one day reach one penny or one dollar if it was to happen. So you’re going to want to read this till the very end because I will also be sharing some major catalysts that you’re not going to want to miss if you hold SHIB or if you plan on buying for the first time.

So with that being said, let’s go to the moon.

Once the Dogecoin fever started to fade away, new coins were rising just like mushrooms, and one of them was Shiba Inu. A meme coin that takes its image from the Shiba Inu dog breed a Japanese dog. And on their website, the token is described as a decentralized meme token that evolved into a vibrant ecosystem.

Because SHIB has the same roots as though she has also been called the Dogecoin killer, both are mean coins made only for amusement. Elon Musk, the CEO of Tesla, has also been very vocal about these two tokens. Now Shiba Inu is a decentralized token that was created in August 2020. By an unknown person named Ryoshi. SHIB then gained rapid traction, especially because people walked the dog breed Shiba Inu and also love meme coins. It is resulting in a snowball effect of everyone in social media talking about the coin. It also resulted in SHIB getting ranked number 18 on the coin market cap. But now that SHIB has over 650,000 holders is it a good buy right now, and can it go to one cent.

So now, if you give me a few seconds of your time, we need to go over one thing. Now, unfortunately, a lot of people have lost a lot of money in crypto scams. So as a quick disclaimer and that’s that no one has paid me to talk about this coin. This is all of my research to help you guys understand what’s going on with Shiba Inu. And this article was highly requested by you guys, so if there’s a coin you would like me to cover next, let me know in the comments below.

Now Shiba Inu, like many other cryptocurrencies, is built on the Ethereum blockchain.

There are other reasons, such as the burning of coins that happens from time to time to generate scarcity, some tweets from Elon Musk, and the listing on more exchanges that may happen very soon. Not only that, but it does help that we are in the middle of another massive bull run for all cryptocurrencies. But the one thing that will generate more attention to the token is its upcoming Robinhood listing. As of October 18th, there are currently close to 300 000 signatures. They are hoping to be able to acquire SHIB tokens via Robinhood crypto on their phones. And the greater the number of people that sign up and pray for the success of this new coin, the more probable that that’s going to happen. Robin Hood’s crypto strategy is among the best in the industry. Although it has faced lots of backlash in the past, it’s a solid platform with plans to build a crypto wallet in the future.

Their app supports seven cryptocurrencies, including bitcoin and Ethereum, Ethereum classic, and many others. Such as Dogecoin.

So we can only expect that it’s Shiba Inu’s turn to climb up the ladder. Another reason for a new all-time high on SHIB is that it’s also available on Binance and Coinbase.

It’s only a matter of time before it can be bought on Robin Hood. After all, I would highly doubt that Robin Hood would pass on bringing hundreds if not thousands of new customers to their app. Not only that, but you also have massive exposure from ATMs and exchanges to coin burning. So now that we have all the good stuff out of the way, we need to talk about risks, and simply put, it’s very complicated and volatile like all crypto.

Shiba Inu costs a fraction of a penny compared to bitcoin, which is now over sixty thousand dollars per coin. And the cheaper coins appeal to a larger audience. Dogecoin, on the other hand, is significantly more expensive at 20 cents. Now that may not be a lot, and it might just all be psychological, but when comparing the two, there’s a big gap that still needs to be filled. Now with all crypto volatility is the name of the game. If you guys recall or if you’re new to crypto on the day that Vitalik Buterin, Ethereum founder, made a generous SHIB donation to India. SHIB lost about half of its value. And that’s a 50 percent decrease in a single day solely based on investor emotion and reaction to a news article, which is not unheard of unless you’re invested in crypto.

So if you can stand that much heat in psychological pain, then go ahead. But keep in mind that the nature of the roller coaster that you’re going to ride if Shiba happens to lose half of its value in a day could be very painful.

Now Shiba Inu had an all-time high back in May, and the price plummeted. Less than ten days later, that price had an additional zero in it. So with all of that being said, is owning Shiba Inu a good investment? Well, now, even though Shiba Inu’s future is partially unknown, some believe that the token will soon be one cent or even one dollar. So it’s unknown when this will happen, but more than likely, we can come close to date by looking at trends in the bitcoin chart and altcoins, and considering that we are in the middle of a bitcoin bull market, we can expect altcoins to follow through massive rallies in the next 60 to 90 days.

And if you’re using trust wallet, you need to exchange Ethereum for SHIB when using Uniswap via Trust wallet. And make sure that those exchanges offer a built-in wallet where you may deposit your trading funds. So should we buy Shiba Inu now or wait.

In my opinion, I do believe that we’re going to contınue to see a huge rally in Shiba Inu with all this mass adoption with all the popularity that Shiba Inu is gaining, don’t see it stopping anytime soon. And if we do see an up-and-coming robin hood listing in the future, then things can only get better from here. But then you also have to think about your exit strategy as we start to get closer and closer to the crypto market top, which will then be followed by a long crypto winter. And then you can expect all the prices from all your favorite altcoins to plummet 50 percent or even 80 percent.

So just remember to not lose money that you cannot afford to lose, especially with highly speculative coins like SHIB. Because as we all know, tokens and coins are highly volatile. The rule of thumb is to never put any money in any cryptocurrency that you can’t afford to lose. Put the money into it that you can afford to lose. Don’t ever invest money that you will need in the next few days, weeks, or months, especially in this crazy market. When you’re looking to invest in crypto, it’s always important to diversify into Ethereum’s Cardano’s and Bitcoins.

I have also made an article of my top best altcoins where I did a majority of the research for you guys so that you don’t have to, so be sure to check that out. And another way to diversify your risk is with stocks, and I have plenty of articles on stocks on my channel, mainly tesla, but you can also look into ETFs like the arc invest ETFs. And by no means I’m attacking Shiba Inu or any other coin. But I do believe that the best time to buy is when you understand it.

And I hope that this article in some way can help you understand it a little bit better. But at least now you understand what’s going on and have more insights into what Shiba Inu is all about.

Thank you so much!

source:Will Shiba Inu Coin reach $1? SHIB Price Prediction! SHIB Token Price, SHIB Analysis | Coinmonks (medium.com)