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Shiba Inu Coin Price Analysis and Forecast 2022-2030
In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial media are writing about it a lot. What is known about this cryptocurrency, and why is it called ‘the Dogecoin killer‘? In this article, we try to depict fully the current position of the new cryptocurrency on the market and what the future holds for it.
What Is the Shiba Inu Coin?
Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. This decentralized meme token was created in August 2020 by Ryoshi — an anonymous person or a group of people. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin. In reality, however, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIB’s developers are aiming to solve serious, real-life problems.
SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. Before launch, developers transferred half of the digital coins to the Uniswap DEX and destroyed the keys. The other half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. He burned 90% of the SHIB tokens by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion.
Shiba Inu (SHIB) Market Predictions
As we mentioned, the world started seeing headlines like “Shiba Inu price prediction 2022” that were calling it a good investment after SHIB joined Binance.
The Shiba Inu price dynamics have been crazy last year. The SHIB coin skyrocketed in May in a very short period of time. However, it didn’t succeed at keeping its position. But then came June; the coin made headlines again.
SHIB Price Forecast for July 2022
Crypto analysts have checked the price fluctuations of Shiba Inu in 2022 and in previous years, so the average SHIB rate they predict might be around $0.00001173 in July 2022. It can drop to $0.00001121 as a minimum. The maximum value might be $0.00001237.
( I am not your financial adviser all things are based on personal experience and search so if you want to invest in any crypto coin you may but behalf on your own self)