Tokyo: Started as a joke Shiba inu coin has become one of the most speculated cryptocurrencies globally, and people still have their eyes on this meme crypto and the craze has not been dimmed yet. Big and small investors are still embracing the goodness of the Shiba inu coin. Although there has been a slight plunge in the price of the Shiba inu coin. Almost every crypto enthusiast is wondering how long would this Shiba inu bearish trend end. and How long would it take Shiba inu to bounce back to where it was? We will also discuss the price prediction for the year 2050.
Most cryptocurrency experts have not made predictions for the year 2050 for the Shiba inu coin. The reason might be that none of them tried to think in that big of a long run. This is what exactly I’m gonna do here. I will be forecasting the shiba inu coin price prediction 2050.
What is the Shiba Inu coin?
Shiba inu is a cryptocurrency that started hypothetically started as a joke in August 2020. Later it turned out to be one of the biggest cryptocurrencies of all time. People and developers of the Shiba inu coin ironically called it the “dogecoin killer” which I now believe is becoming reality. Since the launch of the Shiba inu coin dogecoin suffered a lot to retain its market cap.
Shiba is currently in 32 ranks on coinmarketcap and over a million people have it on their watchlist. It is accumulating a market cap of 2.2 billion dollars with a circulating supply of 400 trillion shib tokens. Shiba Inu is successfully audited by Certifik and it achieved a security score of 95 out of 100 which is quite good. It is built on Ethereum Network hence it is an ERC20 token.
Future of Shiba inu coin
When the Shiba inu coin was first launched it wasn’t that popular frenzy. But in early 2021 when dogecoin started to take off and took the entire crypto space by storm, this little dog Shiba inu also began to catch investors’ eyes and soon it took the legacy of dogecoin in late April. People were not expecting shib to be a real thing but at the end of April it took a big surge and its prices soared by 1000% overnight. Meme token investors were baffled during that time. That was the time when Shiba inu started to take off for the moon.
Shiba Inu coin might be an overly hyped cryptocurrency right now but its future could be different. Lately, Shiba inu has not been performing up to the expectations of those who had invested entirely all of their life savings into it. But who knows this little dog-inspired coin could pay 100x returns in the future. By future I don’t mean 5 to 10 years I am just referencing less than 2 years here. Shiba could pay off good returns anytime soon.
Is Shiba inu coin an ideal investment for everyone?
Yes, the Shiba Inu coin is an ideal investment for everyone. Technically, the developers of Shiba inu crypto call it the token of the community which means that it is for everyone. Anyone regardless of their experience in crypto and blockchain can invest in the Shiba inu coin. Thousands of naive investors are already holding billions of Shiba inu tokens.
Is Shiba inu a good investment?
This started as a meme coin to leapfrog dogecoin but now it is turning out to be fundamental crypto. They have implemented their own decentralized exchange (dex) Shibaswap, which currently supports bone, leash, and shib tokens staking, and liquidity pools. They have established liquidity pools for various pairs that include Wrapped BNB and ETH tokens. Fortunately, they are proving very good APR/APY (annual percentage returns) on staking cryptocurrencies on their shibaswap platform.
After seeing the Shiba inu coin’s success as an ideal decentralized ecosystem I can say that Shiba inu is indeed a good investment.
Shiba Inu coin price prediction in 2050
Forecasting the Shiba inu coin price prediction 2050 isn’t going to be an easy task. That is why I will break it down based on various other key factors. We will reference the global cryptocurrency market and big players’ futures such as Bitcoin and Ethereum. Shiba inu in 2050 is going to be a different story and who knows if it will be able to sustain the highly competitive digital market that far.
By the year 2050, Shiba Inu’s price is expected to reach at least above $5.