The past 48 hours have seen Shiba Inu surge by 20%. According to Coinbase, the crypto is trading at $0.00003085 at the time of writing. Are you looking for a quick Shiba Inu price prediction? Watcher.Guru has perfect insight. This article highlights Shiba Inu Price Prediction for 2022.
The Musk’s Effect
The billionaire entrepreneur behind Tesla, Elon Musk, has posted an adorable Shibu Inu puppy on social media.
But what does the future of the dog meme crypto look like?
The future of Shiba Inu looks bright, and it’s only getting started. In 2022 we will explore what lies ahead for this emerging market. Shiba Inu offers users a chance to hold trillions in their pockets as they make purchases across all platforms.
Will Shiba Inu’s price rise?
Shiba Inu has seen a fair share of volatility despite the recent surge. The token has been on an up-and-down journey. But recently, it seems to have found its footing. It’s climbing back towards all-time highs after striking bearish trends earlier this year.
The price of a Shiba Inu is difficult to predict due to many factors involved. For instance, the actions taken by regulatory bodies in different parts of the world. And, comments made by high profile individuals such as Elon Musk are all dynamics for this coin.
The value of the Shiba Inu coin skyrocketed in May after Binance announced that it would list the coin in their crypto platform. It also rose once again during September when it started trading at Coinbase. Therefore, there’s potential for more growth if they’re successful with other recognized platforms such as eToro.
Shiba Inu Price Prediction for 2022
The Shiba Inu (SHIB/USD) forecast from DigitalCoin predicts that the price will average $$0.0000345254 in 2021, rising to an average of $0.0000440472 in 2022.
Technical Analysis is a great way to analyze coins with strong trading signals. It shows that short-term sentiment on SHIB is bullish, according to CoinCodex. Twenty-four indicators give off positive signals compared with five bearish ones.
The three-day moving average gave a sell signal while the 200 days gave an overbought reading. The Relative Strength Index (RSI) moves between 0 to 100, with values being considered normal when ranging from 30-70 percent, which indicated that market conditions were volatile rather than calm at this time.
When it comes to practical uses, Shiba Inu has found another one. The platform Shopping by .io now accepts payments in cryptocurrency and allows users to buy products from Amazon or eBay. Although, these companies don’t offer direct support for crypto payments yet.
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