The course of Shiba Inu has been super volatile lately, leaving investors confused: will it drop to zero or soar to a new high? In this article on Shiba Inu price prediction, we decipher the latest trends, the key factors influencing the price of SHIB and what could be the next chapter for this famous memecoin.
Currently, Shiba Inu (SHIB) is trading at 0,00002150 $ with a 24 hour trading volume of 713,06 millions $. Its market capitalization is $12.67 billionwhich represents market domination of 0,38 %. Over the last 24 hours the price has fallen by 1,10 %.
The token reached its all-time high (ATH) of 0,00008819 $ the October 28, 2021and its historic low on November 28, 2020has 0,0000000005637 $. Since its peak, SHIB’s lowest price has been 0,000005821 $while its highest rebound was 0,00004501 $. Right now, market sentiment remains bearish, even though the Fear and Greed Index shows a score of 74indicating “greed”.
The circulating supply of SHIB is 589,26 billionsalmost at the maximum of 589,74 billions. Over the past year, supply has decreased by 44.79 billion SHIBi.e. an annual deflation rate of -0,01 %.
Shiba Inu Price Prediction: Will SHIB Crash to 0 or Hit a New ATH?
Shiba Inu (SHIB) is evolving from a simple memecoin to a vibrant ecosystem, with Shytoshi Kusama leading this transformation. Kusama, the lead spokesperson, is pushing the SHIB community into the future and recently announced the arrival of TREAT tokenan important step for the project.
What makes TREAT special?
- Governance and stability: TREAT will strengthen the governance system and support the liquidity of SHI, a planned stablecoin.
- Innovation and growth: Kusama presents TREAT as a “passport” for the SHIB ecosystem, aiming for sustainable development.
Why SHIB won’t crash to zero
- A strong community: SHIB’s active and loyal community remains a big asset.
- Deflation and stability: SHIB shows slight deflation and strong liquidity.
- Long-term trends: With an increase of 104 % over the past year and a price above the 200-day moving average (SMA), SHIB is showing a long-term uptrend.
What is needed for a new ATH?
- Kusama’s vision: The success of projects like TREAT and SHI will be decisive.
- Development of the ecosystem: Progress on Shibarium and the Metaverse project could attract new investors.
- Market conditions: A favorable macro situation will be essential to reach new highs.
Despite uncertainty, Shiba Inu (SHIB) relies on a stable structure, innovative projects and a committed community to build its future. Reaching a new ATH, however, will depend on the execution of planned initiatives and evolving market conditions. The basics are there, but the path to the top remains an exciting challenge to overcome.
