The Shiba Inu website aims to promote the “Art Shiba Inu Movement” by inviting dog-inspired artists around the world to join the Shiba Inu community on the NFT marketplace. It has also launched a campaign using Amazon Smile to collect donations to save real Shiba Inus through the Shiba Inu Rescue Association.
In addition, ShibaSwap is Shiba Inu’s decentralized exchange (DEX), derived from SushiSwap with unique features. In addition, Shiba Inu plans to launch SHI, an algorithmic stablecoin pegged to one cent instead of one dollar.
The launch of SHI is planned to be launched after the development of Shiba’s layer 2 solution, Shibarium, is completed. SHI operates similarly to DAI, using collateral to peg it to 1 cent.
SHIB’s 24-hour trading volume is $1.4372 million, up 22.74% from the previous day. Shiba Inu’s real-time market capitalization is $491 million, ranking 19th among the top cryptocurrencies. The volume-to-market cap ratio is 2.94%, indicating low market volatility.
Shiba Inu Price Prediction March 2023
SHIB/USD
Shiba Inu price has been trending positively in recent sessions but is currently weakening. On the daily chart, the price seems to be rejected near the 200-day moving average. Also, the recent sessions have experienced a bullish dominant trend with the price rising by nearly 20%. The price is hovering above the 50-day moving average, which could act as support if the price declines.
The price prediction for July 2023 shows a neutral to bullish outlook in the short term. The price is hovering between the 50-day and 200-day moving averages and is yet to show a clear trend in the long term.
Shiba Inu Price Prediction 2023
The most optimistic price outlook of analysts predicts that the price will reach a high of $0.0000105 by the end of the 2023 fiscal year. The average price target that it might achieve is expected to be $0.00000945. Also, the pessimistic view of analysts predicts a drop to the $0.00000804 level.
Shiba Inu Price Prediction 2024
Analysts believe that the most optimistic target that the Shiba Inu price may reach is $0.00001514, indicating an upside potential of 82.75% for the CMP. The average analyst price target is $0.00001228 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.00000996.
Shiba Inu Price Prediction 2025
The most bullish analyst for the Shiba Inu cryptocurrency predicts that the price will reach a high of $0.00002193, with a potential gain of 162.38% by CMP. The lowest predicted price by the end of 2025 is $0.00001890.
Shiba Inu Price Prediction 2026
If there is a positive trend in the cryptocurrency market, the SHIB price might reach a high of $0.00002543. On the other hand, the most pessimistic view of analysts predicts the price to reach $0.00002118 by 2026.
Shiba Inu Price Prediction 2027
According to analyst price predictions for 2027, the most optimistic analyst view estimates that the price will reach a high of $0.00003181. The lowest analyst price target is $0.00002513 by 2027.
Shiba Inu Price Prediction 2028
By 2028, there might be more exposure in the cryptocurrency market and it might develop further. From the most optimistic point of view, the Shiba Inu price might rise to a high of $0.00003620. According to the pessimistic view of the analysts, the price might rise to a low of $0.00002919.
