The Shiba Inu coin saw an increase of over 25% in the past few days. Nevertheless, the meme coin is still in the shadow of Dogecoin, which could more than double its value. But in the shadow of its “big brother”, the SHIB could also rise sharply in the coming weeks. What is a Shiba Inu prediction for the end of 2022? In this article, we deal with a possible Shiba Inu price increase for the next few weeks and estimate how high can SHIB reach before 2023.
How has the Shiba Inu (SHIB) price moved in the last few days?
In the last few days, the Shiba Inu price has moved upwards again. Previously, we saw almost only sideways movement on the crypto market overall. The price of the Shiba Inu coin was also moving sideways and occasionally seeing slight drops. But recently, Bitcoin price was able to rise above $20,000 again, which triggered strong increases in Altcoins.
The Shiba Inu Coin has therefore seen a price increase of over 25% in the last 7 days . This has been one of the biggest values of price gains among the major cryptocurrencies. However, that surge was somewhat drowned out as Dogecoin, the first meme coin, saw a surge of over 100%. In this article, you will find what’s next for Dogecoin price.
Why is Shiba Inu up?
The Shiba Inu Coin has been seeing a stronger price increase for a few weeks now. The reason for this bullish development is above all the rise in prices on the overall market, which was triggered by the Bitcoin price breaking out of the $19,000 to $20,000 price range. This breakout after a long period of stabilization was taken as a very bullish sign by the rest of the market.
Furthermore, the hype surrounding Dogecoin certainly ensured that Shiba Inu was also able to achieve strong profits. The takeover of Twitter by Elon Musk was decisive for this. The billionaire is considered a fan of Doge memes. This should also be good for the Shiba Inu Coin. But what is the Shiba Inu forecast for the end of the year?
What is the Shiba Inu Prediction for the end of 2022?
In the last few days we have seen strong price development for the Shiba Inu Coin, which has a strong positive impact on the forecast. A few weeks ago, it looked like the Shiba Inu price should range between $0.000010 and $0.000011 by the end of the year. A stronger price rally was not in sight.
After this strong price explosion, further price increases in the coming weeks cannot be ruled out. Over the past few weeks, the bullish signs have multiplied and we have repeatedly predicted that a major price move in the crypto market could be imminent. If the slightly bullish trend on the market could continue, the Shiba Inu forecast for the end of the year could also remain very positive.
How high can SHIB reach before 2023?
At the moment, the Shiba Inu price has stabilized in a range between $0.000012 and $0.000013. The bullish trend looks set to continue for the next few weeks. A similarly large price explosion as in the last few days is not guaranteed but is still possible in November and December.
Furthermore, slight course corrections can always occur. Meme coins in particular are known for seeing massive losses again, even in the short term. Therefore, a Shiba Inu prognosis, even for only 2 months, is not always easy to make. However, if we see further increases in the overall market, a rise to $0.000020 would be possible at best. However, the price could also stabilize at a lower level.
Shiba Inu forecast year-end 2022: $0.000012 to $0.000020
Is SHIB a good investment?
An investment in the Shiba Inu Coin (SHIB) could be worthwhile now if you continue to believe in a bullish market. However, meme coins are always associated with a high level of risk. Heavy losses are always possible. However, the potential gains are also greater than other altcoins.
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