Shiba Inu has had an impressive year, starting with the April breakout, surging to higher zones with the October’s massive rally that had SHIB surged to $0.0008 from $0.000007 in 25 days. That translated to a more than 1,000% surge. However, the meme token has dropped nearly 50% in price since then, exploring $0.000038 at this publication.
For now, Shiba Inu has its market cap at $22.7 billion, ranking under Dogecoin ($24B) and one spot out of the top ten digital assets by market value.
SHIB is a meme coin inspired by the Shiba Inu dog. Analysts attribute the assets growth to the considered link to Dogecoin, Elon Musk’s beloved digital currency. That led to Shiba Inu’s growth attracting more than one million holders. Moreover, SHIB has a massive community behind it.
It might be challenging to conclude accurate meme coins prices as their movements depend on the hype the asset can generate. Indeed, Shiba Inu saw significant attention this year. However, as the price wan, the primary question remains, will SHIB record new price peaks in 2022?
CryptoPredictions.com presumes the meme coin to climb to its previous peaks, predicting the $0.000084 mark in 2022 Q1. The analyst sees SHIB maintaining its growth, hitting $0.000088 by 2022 Q3. They expect the canine-themed token to shed another zero, gaining 163% by 2023 to touch $0.0001.
Meanwhile, cryptocurrency analysts remain bullish on digital coins, and the meme asset space is not an exemption. SafeMoon is a token that connects meme tokens and utilities. This project has enjoyed explosive actions this year, gaining more than 1 million holders (BSCScan data) due to the efforts by Safemoon Army.
SafeMoon has seen a steady fall within the past eight months after attaining its ATH in April. The alt recorded a 90% decline, touching $0.000014 from $0.00014. Though technicals do not show recovery signs, the Safemoon team plans to launch their blockchain in the coming year.
That can mean bullish upswings for SAFEMOON in 2022. www.priceprediction.net believes SafeMoon will have its maximum price zone at $0.00000260 in 2022, translating to an 85% surge.
Feel free to leave a reply in the comment area below.