Shiba Inu, the most popular meme coin in the cryptocurrency market, is starting to attract the attention of millions of cryptocurrency investors.
SHIB tokens have recently shown unusual performance while other coins are experiencing a nose dive, as the meme coin experiences an increase of 31%. Memecoin has turned into a serious cryptocurrency for many cryptocurrency investors.
It has a mission to monetize crypto wallets despite being in a crypto crash of other crypto currencies like Bitcoin, Ethereum, Terra, and Tether. Memecoins steal the spotlight from Bitcoin and make it really fun. In addition to Bitcoin as a meme, delve into Shiba Inu’s strategy on how to succeed in the highly volatile cryptocurrency market.
Shiba Inu Cryptocurrency: Being taken more seriously?
Shiba Inu or SHIB shows an indication of reaching an uptrend pattern in the cryptocurrency market as it supports the recent breakout of a bullish pennant. SHIB continually manages to maintain positive momentum with multiple development projects to take SHIB pricing to the next level.
This determination will see whether the Shiba Inu meme coin will surpass Bitcoin in 2022 in terms of growth, proving its viability as a form of cryptocurrency.
As of June 2022, the price of meme coins has risen significantly by 34%. For this reason, we were able to create a flagpole with a break point of $ 0000116.
As of this writing, cryptocurrency investors currently have a SHIB price of $ 00001213, a market cap of $ 6.66 billion, and a trading volume of $ 485.07 million.
As a result, Shiba Inu is showing bullish signs that the market direction is bullish. SHIB investors expect meme coins to surpass the $ 0.000139 price range in the near future.
Will Shiba Inu Coin Reach $1?
There also a recent interest whether meme coin will hit $ 1 in the near future. SHIB is one of the best meme coins that caught the attention of Ethereum’s whales, which gained 11% plus 24% in July 2022.
The price gains of cryptocurrencies are by no means bullish and there are some neutral signs of an uptrend. Ethereum Whales is adding more than $ 560 million worth of SHIB tokens to its portfolio. This is 22% of all digital assets.
The cryptocurrency is doing well for SHIB investors for its upcoming major development projects. These SHIB brand strategy development projects favor meme coin as one of the favorite cryptocurrencies in the highly volatile cryptocurrency market.
SHIB investors should expect Shibarium, Layer-2, SHIB.io metaverse, SHI token, SHIBASWAP V2, and more. Shiba Inu management launched the portal on fire to reward investors.
It has successfully raised the price of meme coins by creating pressure on the supply and demand for SHIB tokens.
The total initial supply consumption is 410,374,396,897,090 or 410.37 trillion and the total supply in the current cryptocurrency market is 589,625,603,102,909.
The company has also announced its partnership with a display company as a long-term partnership with Marvel known as The Third Floor. It will help create and develop virtual environments and landmarks for the Shiba Inu metaverse.
After the launch of these development projects in the cryptocurrency market, the price of the meme coin will rise. has a positive effect on the SHIB token demand to accelerate the price increase for a short period of time. This is the golden hour to invest in Shiba Inu to make a profit in the near future.
Ethereum founder Vitalik Buterin has also recently acknowledged and thanked the Shiba Inu community as he used some of the Shiba Inu tokens sent to him by developers as a gift to help support Ph.D. students who are researching artificial intelligence.
Disclaimer: Cryptocurrencies are volatile in nature. None of these reports should be taken as a financial advice. Consult your financial advisor before making any investments.