Shiba Inu gains 1 million users: What will be Next?

    By hitting 1 million users, the phenomenon meme coin Shiba Inu has once again rocked the crypto community with its remarkable achievement.

    Created by an anonymous person named ‘Ryoshi,’ Shiba Inu (SHIB) became an internet sensation as it gained 12505887.6% since its inception in the crypto market. Due to the surge in the usage of SHIB, many people who had bought billions of its tokens for a few bucks are now millionaires.

    However, to reach consecutive achievements like today, SHIB had to go through a rough path. 

    SHIB has less advantage than its rival, Dogecoin when doesn’t have Elon Musk supports. This billionaire’s opinion about crypto holds immense value. His quotes like ‘Dogecoin is Money’ sent this meme coin up by 20% in 2021! 

    Elon Musk’s opinion about crypto sent Dogecoin up by 20% in 2021

    Apart from that, in early 2021, Ethereum co-founder Vitalik Buterin dumped SHIB and donated his funds of $1 Billion Shiba Tokens for India to fight back COVID. The community was surprised by this sudden move but later on, everyone took this as just a charity event. 

    Ethereum co-founder Vitalik Buterin

    Even with all these downsides, SHIB is still thriving strongly and conceiving a lot of potential projects. Now, people are asking “What’s next for Shiba Inu?”

    Crypto experts give mixed points of view when it comes to SHIB’s future:  

    Wallet Investor believes that Shiba Inu will soon reach 0.000064, which is an increase of 814.29%. They estimated that $100 of your investment in SHIB tokens at present will be $914.29 in 2026.

    According to Coin Price Forecast, “The forecasted Shiba Inu price at the end of 2021 is $0.00001628 – and the year to year change +799%. The rise from today to year-end: +130%. In the first half of 2022, the Shiba Inu price will climb to $0.00002684; in the second half, the price would add $0.00000490 and close the year at $0.00003174, which is +348% to the current price.”

    A crypto expert writer at Benzinga, Liam Andrew Wright has the opposite prediction. He said:

    “I am not saying that DOGE, Safemoon, or Shiba Inu are baseless projects without any strong fundamentals. I am saying that these projects have risen due to social media hype and community momentum rather than their fundamentals. The fundamentals of the project are only discussed in hindsight on subreddits for the most part. Doge is the epitome of a hype play, and without Elon Musk, it would unlikely be in the place it is today.’”

    Shiba Inu has a lot of promise as well as a lot of risks attached to it. Still, prediction is prediction. With the volatility of crypto market, we all can’t point out exactly what will happen next to this coin, but it’ll be interesting to wait for the future of it.

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