Shiba Inu Price Prediction 2022 There is still a lot of speculation

Lutfi

Shiba Inu Price Prediction 2022 There is still a lot of speculation
Shiba Inu Price Prediction 2022 There is still a lot of speculation

Rancakmedia.com – The following is the Shiba Inu price prediction for 2022. Currently there are still many people speculating but there is limited adoption and current Shiba Inu prices.

Several reasons, mostly external, contributed greatly to Shiba Inu's huge price spike.

Elon Musk's tweet saying he was changing his support from dogecoin to Shiba Inu was likely the most important in the meme coin's price boom.

Additionally, the campaign to include the meme coin on the Robinhood platform also greatly helped the huge price spike.

Third, meme coins release non-fungible tokens called Shiboshi. Moreover, listing on various crypto exchanges has increased its exposure.

This confluence of causes caused SHIB's value to surge over 500.0000000 percent to finally beat dogecoin and become the reigning meme coin, at least for one day.

Currently Shiba Inu is selling for IDR 0.547732. At the time of writing, the 24-hour trading volume was IDR 31.941.402.7717.759. Shiba It rose 13,11 percent in the previous 24 hours.

The current Coin Market Cap ranking is #13

With an instant market capitalization of IDR300.739.787.940.543. It has an incredible supply of 549.063.278.876.302 Shiba Inu coins and a max. supply is not available.

Shiba Inu has fallen 58 percent from its all-time high, but could this be a buying opportunity?

A big part of Shiba Inu's dilemma is that too few companies accept it as payment.

The current Coin Market Cap ranking is #13

Only 388 retailers, most of them unknown, consider the token useful for international payments for products and services.

This lack of support is unexpected considering Shiba Inu's price shift, as it may be very difficult for the company to manage cash flow and profitability when the value of the token may fluctuate substantially from day to day.

Good News About Shiba Inu Price Prediction

But here is some good news. The Shiba Inu digital token has assembled an unusual network of initiatives.

The collectible multiplayer card game was commissioned by Shiba Inu to Australian video game developer Playside in December.

In addition to game development, level 2 production of the Shibarium blockchain is in progress. Additionally, Shibarium will host the Oshiverse metaverse and other ambitious initiatives.

Technology e-retailers Newegg and AMC Entertainment have emerged as the first merchants to accept SHIB payments.

Flexa recently announced that it has included Shib as an approved payment token that allows customers to pay at Lowe's, Gamestop, and Whole Foods.

It also collaborates with crypto payment integration platform Bitpay. Moreover, Bitsmap aims to list Shib in December.

For that reason, normal consumers have no reason to acquire or hold Shiba Inu except for the idea that someone will come along and pay more for their token which is then known as speculation.

This is disappointing for optimistic investors, as mass adoption is the key to continued price growth.

Previous bull runs have made many Shiba Inu holders millionaires. Launching the project shown above can increase the coin value of memes.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.