Can Shiba Inu [SHIB] reclaim its previous glory with Coinbase's support? - Crypto Economy (2024)

FAQs

Will SHIB coin rebound? ›

Shiba Inu (SHIB) has consolidated within the $0.000021 - $0.000024 channel since the start of the week on April 14. In the last 7-days SHIB holders have shifted $9 million worth of SHIB from crypto exchanges and trading platforms, suggesting that the majority of investors are bracing up for a rebound phase.

Shiba Inu is built on the Ethereum (ETH 5.65%) blockchain, so it can run smart contracts. Through smart contracts, Shiba Inu can work with decentralized applications. Dogecoin doesn't have this capability, making it much more limited in terms of what it can do.

Coinbase recently upgraded its payment product, retaining Shiba Inu (SHIB) as a result of its EVM compatibility, while removing coins like Bitcoin and Dogecoin.

The experts on the site believe that SHIB will reach as high as $0.000165 by 2030. This isn't necessarily going to be an easy move, but they think the hype will return to the crypto world sooner or later; Shiba Inu should get some attention before it is all said and done.

SHIB is down 12% in a week and 21% in a month, but it still has a 128% gain in the last year. Since SHIB is on a long-term uptrend, today's selloff may be a good time to buy the coin. Since the market is expected to recover shortly, this chance won't continue long.

Shiba Inu is expected to cost between $0.0045 and $0.0058 in 2040, with an average market price of $0.0049. This range represents market expectations and takes into account several possibilities as crypto is expected to attain widespread usage.

In the long term, the Shiba Inu Coin exhibits significant potential. Our highest projected price for Shiba Inu Coin in 2040 is $0.089. It's important to consider that, conversely, the minimum price level for a SHIB Coin could be around $0.054.

Here's our list of cryptos that will explode in 2024: Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024. Slothana (SLOTH) – A hot Solana meme token raising over $550K in a few hours. Mega Dice (DICE) – A popular crypto casino offers daily rewards to token holders.

What crypto will explode in 2024? ›

The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.

As the world of digital assets constantly evolves, the opportunity to invest in the next big crypto coin grows ever more intriguing. Pikamoon is currently a top contender for the 2024 bull run with its dual utility as a GameFi & meme token along with fully-transparent transparent operations.

Shiba Inu Price Prediction August 2024

Towards the end of the month, prices could go up to between $0.000075 and $0.000078, with bulls driving the market. If bulls keep pushing, it could even end around $0.000079.

The SHIB cryptocurrency market is expected to have a maximum value of $0.0000405 and a minimum value of $0.0000323 in 2024, according to the Shiba Inu coin forecast.

The relationship between social media trends and meme cryptocurrencies can't be overstated, and Shiba Inu has demonstrated this correlation in its past performance. As long as it continues to enjoy celebrity endorsem*nts and remains a topic of discussion, there's potential for price surges.

The Obstacle: Vast Circulating Supply:

The primary challenge hindering Shiba Inu's '1 Cent Dream' is its extensive circulating supply, currently standing at 581 trillion tokens. Attaining a market cap substantial enough to propel SHIB to $0.01 appears improbable.