Shiba Inu has the potential to rise to $0.0000225 next year according to a top exchange ChangeNow. In a time where the future of Shiba Inu is at stake numerous crypto enthusiasts and popular investors have attempted to give predictions on the direction of the price from the current position.
One among them is ChangeNow with their prediction on the price by citing external sources.
In a blog post published recently, ChangeNow highlighted the current position of SHIB, established the dynamics of its ecosystem, and the possible price of the asset in the future.
Ready to invest in $SHIB?
— ChangeNOW (@ChangeNOW_io) May 31, 2023
Bearish Position Of SHIB
ChangeNow asserts the price of SHIB current which was reached by October 2022 was possible because of different factors, these include, its listing in top exchanges like Binance, Coinbase Pro, and the development of SHIB ecosystem.
ChangeNow further expressed that the coin has faced devaluation recently as the value no longer impresses investors.
According to a recent report, SHIB had lost over 1 million investors, regardless of the recent unfavorable happenings, Shiba Inu still boost a vibrant community.
Price Prediction of Shiba Inu
According to data obtained by ChangeNow from a top price-tracking resource for crypto assets, DigitalCoinPrice, SHIB is expected to trade at a price of $0.000186 in 2024, which will range from a low of $0.0000191 to a high of $0.0000225.
This development will mark a remarkable 164% increase in the value of SHIB, which is currently at $0.00000851.
Furthermore, the coin price in 2025 has been estimated to stand at an average of $0.0000293, with a projected low of $0.0000256, and a high potential of $0.0000313.
In consideration of the data analyzed by DigitalCoinPrice and CoinPriceForecast, the high value of Shiba Inu is projected to be a high value of $0.0000913 by 2030.
Factors Affecting the Forecast
There is a lot of development that ChangeNow factors on for the price direction of Shiba Inu, these include, Shiba Inu’s ecosystem and the overall market price among others.
According to ChangeNow, the launch of Shibarium will affect the price of SHIB significantly.
The layer tow network has the potential of affecting investors and developers strengthening demands and liquidity. The launch of Shibarium is expected to hold between Q3 and Q4 of 2023.
Another factor that can trigger Shiba Inu’s price is that the team of developers is looking at venturing into a more streamlined version of a decentralized exchange, ShibaSwap 2.0.
Also, another factor of progress to look at, which can positively affect its coin price is the Metaverse.
However, these factors are SHIB projects, not investment advice, because several other factors can be responsible for the increase in the value of a coin and also decrease.