- Bullish SHIB price prediction forecast for 2021 is $.0000399.
- SHIB price prediction forecast 2025 is up to $0.00007.
This SHIB price prediction 2021,2022 and 2023 article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis that we have considered in this SHIB price prediction.
The crypto world continues to defend its position against the wild market swing of the crypto market. As a result, more and more investors are getting curious about the technology the cryptocurrencies possess.
The Shiba Inu (SHIB) is one of cryptocurrencies that was able to maintain its status despite the market volatility. In fact, SHIB keeps its ranking as one of the top 30 cryptocurrencies in the crypto market.
Is Shiba Inu a good crypto to invest in this year? Let’s check it out in this CryptoNewsLand price prediction and analysis. But before anything else, let us know more about the technology and features of SHIB.
Overview (At the time of writing)
|Cryptocurrency||Shiba Inu (SHIB)|
What Is Shiba Inu (SHIB)?
SHIB is an ERC20 token that is based on Ethereum technology. As a result, SHIB can take advantage of partnering with all the other altcoins that use the ETH blockchain. Furthermore, SHIB is a meme digital asset that aims to spread the mass adoption of cryptocurrency.
The SHIB network has a total of 1 quadrillion token supply. Fifty percent (50%) of this huge token supply has been locked in Uniswap while the other half was sent to Vitalik Buterin, the founder of ETH. Today, the total circulation token of SHIB amounts to almost 500 trillion.
The Shiba Inu (SHIB) Market Position
So far, SHIB is one of the fastest-growing digital assets in the crypto space. In fact, SHIB was able to make it to the top 30 cryptocurrencies overtaking other crypto’s such as XMR, AAVE and CRO. This market standing of the crypto is due to the overwhelming market capitalization of the crypto amounting to over $3 billion.
At the time of writing, SHIB trades within the range from $0.000005 to $0.000010. This had a growth rate of almost +16% in the past 30 days.
Now that we already have an idea about SHIB, do you think SHIB is a good investment in 2021 – 2025? Therefore, what are you waiting for? Join me and together let us check the charts in this SHIB price prediction 2021-2025.
SHIB Price Prediction 2021
SHIB is one of the virtual assets in the market that has made the entire crypto world go crazy lately. Do you think SHIB can still continue boosting its price in the months to come? Let us take a closer look at the SHIB price prediction graph below.
SHIB Fibonacci Retracement (Source: TradingView)
We all know that SHIB is one of the cryptos that has been dominating the market space in the past months. Meanwhile, the crypto space once again experienced a wild market decline that exempts no one including SHIB. As a result, SHIB price for the month of June fell to almost -44%. To be specific, this price decline comes from $.00000989 to $.0000055. Indeed, we can say that SHIB has been traveling lately in bearish territory.
However, SHIB market performance surprisingly pumped after its bearish dip to over $.000005. For this reason, the price of SHIB almost reached the bullish price of almost $.0000099, breaking the Fibonacci level of 0.23. Truly, this is an aggressive performance that counters the pressure of the bearish market.
Today, the price of SHIB trades at a decent price of $.0000069 with a decline rate of over -31% from $.0000099. Yes, the price of SHIB fell once again due to the continued market crash. But, in this scenario, SHIB was able to hold its position above the Fibonacci level of .78, a great performance.
Let us say that SHIB will be able to bring up its all mighty pump once again, therefore, SHIB price may increase. It could rise up to $.0000099 once more this year, breaking the Fibonacci resistance level of 0.5 to 0.236. Best of all, if this bullish trend continues, SHIB could even increase its market price to over $$.0000300 in the future. But, of course, this will all be possible if the global investors and the bullish market continue to favor the crypto.
SHIB MACD indicator (Source: TradingView)
On the other hand, the Moving Average Convergence/Divergence (MACD) of SHIB remains above the signal indicator. For this reason, the hodlers and traders of SHIB can still trade with confidence without the fear of any major price reversals.
Conversely, if the MACD points towards the signal indicator and goes against it, it will be a different story. In other words, there is a possibility that MACD might perform a bearish crossover against the signal indicator. If that happens, traders and investors of SHIB must trade with caution to avoid losses that cannot be reversed.
SHIB RSI Indicator (Source: TradingView)
Last but not least, the Relative Strength Index (RSI) of SHIB is in a healthy state. In short, SHIB is neither overbought nor oversold. As a result, the SHIB community can still do their normal day to day trading activities without worrying about any big price dumps. However, investors are still recommended to practice due diligence since the crypto market remains unpredictable.
The crypto world’s NFT’s along with the altcoins continue to perform well despite the wild volatility of the crypto market. Hence, the SHIB price prediction 2021 is from $0.00000648 to $.0000399. On the other side, if SHIB attracts more investors into its network, the price of SHIB might even go higher in the years to come.
Market Prediction for Shiba Inu (SHIB) Price 2021
Digitalcoin is one of the trusted names in the crypto world as the firm claims. It has already established accurate crypto analysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for SHIB amounts to $0.0000325184.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for SHIB price prediction 2021 will reach the maximum price of $0.0000273.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for SHIB amounts to $ 0.000018.
Market Prediction for Shiba Inu (SHIB) Price 2022, 2023, 2024 and 2025
|SHIBA INU price prediction 2022||Upto $0.0000471151 USD|
|SHIBA INU price prediction 2023||Upto $0.0000592377 USD|
|SHIBA INU price prediction 2024||Upto $0.0000696061 USD|
|SHIBA INU price prediction 2025||Upto $0.0000726643 USD|
The truth is that it is too early to tell whether the Shiba Inu coin can reach $1 in 2025. However, if SHIBA continues its bullish trend, it might have the chance to reach $1 in 2025 or earlier.
Based on the recent development of the SHIBA network, we can say that SHIBA is somehow a good investment.
Traders and investors that are interested in buying, selling, and trading SHIB can check the crypto exchanges such as Binance and Bithumb, to name a few.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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