The Shiba Inu self-hailed as Dogecoin killer has been the flavor of the season in the cryptocurrency market as it is garnering huge attention and has emerged as a favored choice of investors, especially in wake of a tailspin in cryptos like Bitcoin and Ethereum.
According to analysts, At one point in time, Shiba Inu registered a growth of over 120% in 24 hours and logged a staggering 1,970% gain in the last 8 days.
The price of the Ethereum-based meme token could double imminently as the cryptocurrency market recovers from the recent crash, as per FXStreet.
Despite almost two weeks of consolidation, SHIB has overcome indecision, working in favor of the bulls after gaining over 55% in market value from its bottom, FXStreet reported.
What is the current Shiba Inu coin price?
Right now, SHIB is priced at $0.00000876, which means that you can buy 1,14,155 Shiba coins for just $1.
What is Shiba Inu coin price prediction?
According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to give Dogecoin a run for its money. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.
According to Wallet Investor, the price of Shiba will reach around $0.000030 by June 2021 and could rise up to $0.000048, by the end of the year.
As per Government Capital, the price of Shiba Inu could reach $0.000025 by June 2021.
According to other reports, It is expected that Self-claimed Doge killer, Shiba Inu can reach $0.000085 toward the finish of June 2021. If it continues to rise we can say that the cost will be $0.0003 in January 2022.
By the calculations, there is a very low probability that it will reach $1 by 2025.
How to buy Shiba Inu coin?
If you are looking to buy a Shiba Inu coin, you can use WazirX apps:
Download the WazirX app and sign up for the account. Before you start investing in $SHIB, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.
Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of SHIB and then enter the amount you want to invest in the $SHIB. You can make payments directly through bank deposit, credit card, debit card, or UPI.