Shiba Inu (SHIB) is one of the most popular cryptocurrencies currently. In terms of market cap, it is the 19th-largest cryptocurrency (over US$10.95 billion market cap). Should you invest in it? Is it a good investment? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through Shiba Inu (SHIB), how it works, and the SHIB price forecast.
SHIB is the native token of the Shiba Inu network, which is powered by the Ethereum Blockchain. This is a significant distinction from its rival Dogecoin (DOGE), which works on a similar technology as the largest cryptocurrency, Bitcoin.
The developers of the Shiba Inu token have designed it as fungible tokens, just like the ERC20 tokens. As Shiba Inu works on the Ethereum network, you can create and issue smart contracts on the blockchain.
Ryoshki, who is still unidentified, built the Shiba Inu token back in August 2020. One of the specialties of this network is that the dog-inspired artists are invited to become a part of the “Artistic Shiba Movement”. There are plans for it to fetch Shiba Inu to NFT market.
All these facts and figures (as of Oct 20, 2021) will help you to make a decision on investing in Shiba Inu SHIB:
Shiba Inu’s price is hovering around US$0.00002778 at press time and it has increased by more than 0% in the last ten and half months.
SHIB’s price is expected to hit an all-time high price anywhere from US$0.0000497 to US$1 in the next 5 years (by 2026).
Always remember that cryptocurrency investment advice always comes with the risk of loss. As prices of cryptocurrencies are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto investment is not for you. Instead invest in fixed income assets. To be sure about your investment, always go through the fundamentals, technicals, and price history trends of the Shiba Inu coin market. Once you are absolutely sure about investing, go through the SHIB price prediction, and then invest.