If you didn't know, Shiba Inu is an ERC-20 cryptocurrency founded by Ryoshi on August 2022. It is named after a Japanese breed of dog, which is also named Shiba Inu, that featured in the Doge meme. Also, being dubbed, "The Dogecoin Killer", the Shiba Inu cryptocurrency rose by roughly 48,000,000% by the end of 2021.
So, will Shiba Inu grow like it did in 2021 or will it fail? Well, we will tell you what we know. For starters, Shiba Inu is a meme coin with a growing fanbase which will most likely cause its demand to rise. Secondly, the team running Shiba Inu created a layer 2 blockchain scaling solution which is something that they added on top of their blockchain to improve scalability, increase traction speed and make it even better for everyday payments. Lastly, Shiba Inu also plans to launch a metaverse named Shib: The Metaverse, which gives it a place in the growing market.
Shiba Inu has some pretty good predictions. Keep in mind that these are very hypothetical. Most data analysts believe that Shiba Inu will rise to $0.00004 in 2023 and $0.01 in 2025. This gain, alongside Shiba Inu expanding into things like the metaverse make it seem like it will do very well in the future.
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