The Shiba Inu (SHIB) meme token has seen a slowdown in performance since the beginning of the year, even recording a negative month in March, which has left many investors wondering if its glory days are over. However, the crypto community's historic predictions for the token have been very accurate. CoinMarketCap's estimate accuracy, as of the end of March, was 92.13%, and the results of 3,744 member votes predicted a price of $0.00001131 by April 30th, which would represent a 3.32% increase. A closer technical analysis of SHIB suggests that while at the moment the sentiment is bearish, its performance could increase. Currently, the market capitalization of SHIB amounts to $6.4 billion, and there is an anticipation of further growth as the Shytoshi Kusama team launches their Layer 2 network called Shibarium, as well as ShibaSwap, their official decentralized exchange. This is why SHIB could prove to be a promising investment opportunity for those who recognize its potential.
Emma Myers
- 2023-04-10
The Future of the Shiba Inu Meme Token
Although the Shiba Inu (SHIB) meme token has had a negative month in March, the crypto community's predictions remain accurate. A closer look at SHIB's market cap suggests potential growth in the future, given the launching of Shibarium and ShibaSwap.
