Is Shiba Inu a Good Investment?

Several meme coins have provided tremendous returns, and Shiba Inu is one of them. Marketing itself as a Dogecoin killer, Shiba Inu road the coattails of the meme coin era. While many investors asked, is Shiba Inu a good investment? the coin went on a massive bull run when most altcoins were stagnant.

Our team reviewed Shiba Inu’s performance, highlighting it and the impact it had on the crypto market. Our guide also features a Shiba Inu price prediction and whether it’s a long-term investment.

Is it Worth Investing in Shiba Inu? Our Verdict

Many investors believe that Shiba Inu (SHIB) isn’t a utility token. While that debate hovers in the air, our review team discovered that SHIB’s most powerful weapon is marketing.

The coin surged in October 2021 when most altcoins consolidated. The reason for its epic bull run was using the hype Dogecoin created during the meme coin era and marketing itself as a better alternative. Investors sought another meme coin after Dogecoin had topped out, and SHIB positioned itself at the right place and at the right time.

Even before SHIB took off in 2021, many investors doubted its utility. But it was speculation that prompted many investors to buy the coin, resulting in a significant increase in demand.

Shiba Inu has tremendous potential when it combines effective market strategies with positive market sentiment.

Shiba Inu’s Performance Since Launch and in 2024

Is now a good time to buy Shiba Inu coin? We need to look at SHIB’s performance to determine if the bottom is in. Shiba Inu was launched in August 2020 and then consolidated for the next few months, eventually spiking in April 2021.

The rally lasted until May 2021 before the price had a significant pullback. The coin consolidated for the next few months and then spiked again to complete its bull run in October 2021, reaching an all-time high (ATH) of $0.00007489.

In November 2021, Bitcoin reached its ATH, then proceeded to crash, taking the rest of the market with it. Shiba Inu was one of the casualties, entering a downtrend that continued until June 2022. That resulted in SHIB losing 91% of its value.

Reaching the June 2022 prices meant retesting the same price level where SHIB consolidated before it completed its bull run in 2021. Since then, SHIB has consolidated.  The positive news is that it has broken out of its downtrend, but that doesn’t mean that further downside isn’t possible.

• Shiba Inu coin was launched in August 2020 and then consolidated until April 2021.
• A price spike began in April and lasted until May 2021 before a significant pullback followed.
• The coin consolidated until September 2021 and then went on to complete its bull run by October 2021, reaching an ATH of $0.00007489.
• A crash followed, and SHIB lost 91% of its value.

SHIB’s Price History

Considering that the coin has consolidated for the second half of 2022, many investors are wondering, will Shiba Inu go up? In January 2021, SHIB traded at $0.000000000119. A slight spike followed in April before the coin pumped to $0.00003469 in May 2021. That is a 29 million percent increase.

The price pulled back after that, resulting in the coin losing 83% in value. SHIB consolidated until the end of September 2021. It was during that period that many investors bought the coin because speculations were that it would take off again.

That’s exactly what happened, and SHIB needed only one month to reach its ATH of $0.00007489 at the end of October 2021. Investors who got in during the consolidation period received just over 1,500% returns within weeks.

Investors who bought the coin in January 2021 received 62 million percent returns when SHIB reached its ATH.

Bitcoin dragged down the best altcoins with it after topping out in November. SHIB followed Bitcoin all the way down, eventually finding support at $0.000007090 in June 2022, losing 91% of its value. The price is back at the same level as it was when it consolidated before the big spike to complete the bull run.

Since June 2022, SHIB has consolidated along with the rest of the crypto market.

Shiba Inu Highs and Lows

• Shiba Inu consolidated since launch and was valued at $0.000000000119 in January 2022.
• The price spiked during April and eventually topped out in May 2021 at 0.00003469.
• A pullback followed and SHIB lost more than 80% of its value, reaching $0.000005470.
• The coin consolidated until the end of September and then spiked again, reaching an ATH of $0.00007489 in October.
• A crash followed, and SHIB lost more than 90% of its value, finding support around $0.000007090 in June 2022.

Shiba Inu Price Prediction

Is Shiba Inu worth buying? Our team has written a comprehensive Shiba Inu price prediction guide. Let’s have a quick look at the price levels that SHIB could reach in the next few years.

During the May to September 2021 consolidation, Shiba Inu’s bottom of the range was $0.000005470. It hasn’t reached that level since its crash following the ATH. The crypto market has revealed that prices cover gaps. Regardless of how high prices surge, they need to close the open space they created during the pump.

Since SHIB hasn’t fully closed the gap since it pumped, it’s likely that it will end 2022 at around the $0.000005470 level.

Most investors are bearish about the crypto market and believe it will reach new lows in 2022. But others believe that market sentiment will shift because altcoins will reach the bottom before 2023. After they’ve reached the bottom, they should start spiking.

Financial markets don’t usually go straight up or down. They also have periods of consolidation. Although SHIB’s trajectory is upward in 2023, it doesn’t mean that it will reach a new ATH by then.

It will encounter resistance along the way, especially at around $0.00003025. Shiba Inu may struggle to get through that level and could get rejected. And that should be its high for 2023.

Is Shiba Inu still a good investment in 2025? Many experts believe that crypto will be in the midst of a bull market in 2025, and we could see SHIB retest its ATH at $0.00007489.

Is Shiba Inu coin a good investment in 2030? The growing crypto adoption amongst institutional investors and big corporations should mean that demand for digital assets will increase significantly. It’s likely that SHIB will set a new ATH in 2030. A conservative prediction would be for SHIB to double its value from its current ATH, meaning its price would be $0.0001498.

• SHIB may close the gap of its bull run by reaching lower prices, possibly $0.000005470 by the end of 2022.
• A market recovery is likely in 2023, and SHIB could encounter strong resistance at $0.00003025, ending the yearly high at the level.
• A bull market is expected in 2025, possibly enabling SHIB to retest its ATH at $0.00007489.
• Crypto’s rapid expansion should increase demand by 2030, enabling SHIB to set a new ATH and reach $0.0001498.

Does the Shiba Ina Token Have Utility?

Should I invest in Shiba Inu coin if it doesn’t have utility? The good news is that investors can use the SHIB token for several purposes. A few developments have made SHIB more useful and valuable.

• SHIB tokens can be staked to earn rewards directly on ShibaSwap, the project’s decentralized exchange.
• The release of Shibarium, a layer-2 solution, will enable scalability and provide lower transaction and gas fees.
• Flexa, a fraud-proof payment network, has partnered with Shiba Inu.
• SHIB investors can use their tokens as currency at 41,000 locations after the integration with Flexa’s network.
• The project’s partnership with Shopping.io enables Amazon, Walmart, eBay customers to pay with SHIB coins.

Should I Invest in Shiba Inu for the Short or Long Term?

Is it too late to buy Shiba Inu coin? Although several cryptocurrencies have provided 10x returns in a few months, they had prolonged consolidation periods before prices pumped. Most assets provide returns in the long term. Shiba Inu is definitely more of a long term crypto investment than short-term, as evidenced by the coin’s performance.

Early investors who bought the coin when it launched in 2020 only waited a year to receive massive returns. But many cryptocurrencies spike when they start trading on major exchanges, then enter a multi-year bear market.

While Shiba Inu’s price may spike for a few days and provide double-digit returns, the big gains are realized over long periods. Considering the crypto market has crashed since 2021, it will need a few years before coins will test their ATHs.

Many big retailers have adopted cryptocurrency as a payment method, and this trend is set to expand rapidly by 2030. Shiba Inu has already proven that by partnering with key projects to serve as a payment option.

Experts’ Advice About Investing in Shiba Inu

Several experts have opinions about Shiba Inu’s platform and the token’s utility, which affect the asset’s price. Investors should consider the mixed opinions and decide for themselves the ones that make the most sense.

• WalletInvestor – The token is a bad long-term investment. This investor expects Shiba Inu to trade at $0.000000495 in the next five years.
• DigitalCoinPrice – Bullish about SHIB’s performance and expects the coin to trade at $0.000158 by 2030.
• GoBanking Rates, Nasdaq – Shib Inu is valuable only as a short-term investment.

The opinions expressed above shouldn’t be substituted for investors conducting research and making their own decisions. The crypto market is highly volatile and affected by fundamental factors, which can arise unexpectedly.

It’s important to conduct a technical and fundamental analysis to get deep insight into the token’s potential trajectory. Although many investors believe that SHIB isn’t a utility token, it has proven to have several use cases. SHIB’s adoption as a payment currency is growing as many retailers will offer it in the near future.

Should I Invest in SHIB?

Is it a good time to buy the Shiba Inu coin? Our guide details Shiba Inu’s performance, use cases and benefits. It also features a price prediction by our review team and external investors. Each investor should analyze Shiba Inu’s offering and compare it to their investment goals.

If the two align, then it might make sense to invest in this project. Otherwise, investors should keep looking for cryptocurrencies that are aligned with their goals.

Cryptocurrencies to Consider Instead of Shiba Inu

Our team scoured the market and found a new cryptocurrency that may interest investors.

Love Hate Inu – Promising Utility Meme Crypto With First Web3 Vote-To-Earn Platform

Love Hate Inu is causing a stir in web 3.0 thanks to its innovative voting system and real-world applications. With this platform, you can share your opinions and earn rewards.

The platform’s presale is off to a flying start, having already secured over $500,000 USDT in funding within just one week.

In the initial phase of Love Hate Inu’s presale, you can buy $LHINU tokens for $0.000085 USDT each. However, the price will surge by 70.5% over eight presale stages and reach $0.000145 USDT.

You can purchase $LHINU tokens using Ether/Tether or credit cards through the presale page on the project’s website. Moreover, the beginner’s guide breaks down the process of how to buy $LHINU tokens in a simple stepwise approach.

What is Love Hate Inu?

With Love Hate Inu, you can vote on several polls by staking tokens to earn exciting rewards. But it’s not just about memes – users can also vote on other topics, such as the ability to vote on matters ranging from pop culture to politics.

The platform’s cartoon illustrations of popular characters add a fun and engaging element to the voting experience.

Love Hate Inu has a lot of potential for growth and success in the meme utility tokens space. In fact, it could follow a similar trajectory as other successful meme utility tokens like Tamadoge, Shiba Inu, and Dogecoin.

According to the Love Hate Inu whitepaper, staking tokens allow users to vote anonymously and securely without the risk of spamming.

Simply put, tokens can be earned through staking and voting, and higher stake amounts carry more weight in voting.

Why Should you Invest in $LHINU?

Love Hate Inu’s innovative approach transforms how online surveys are conducted with a community-focused strategy driven by the meme culture. To safeguard investor funds against rug pulling, the platform seeks to sell 90% of the 100 billion tokens it has created.

Investors can join the Love Hate Inu Telegram community to stay up-to-date with the latest developments.

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