While the cryptocurrency market is going through tough times like in 2011, 2015 and 2017, many investors have made their fortunes with well-established cryptos like Bitcoin and Dogecoin. So can the Shiba Inu (SHIB) continue to make its investors millionaires?
Shiba Inu (SHIB) keeps its investors alive with these developments
The market’s second-largest meme coin hit the crypto scene, rising over 1.069% in late October 2021. In the following months, with the Terra and FTX collapses, it moved away from its peak price by about 85%. Despite its falling price, the Shiba Inu is filling the wallets of more than 1.3 million investors. Ongoing investment builds on the Shiba Inu coup that Tier-2 network Shibarium will make in NFTs, dApps and DeFi.
In another development, the SHIB team shared an exclusive preview of the first of 11 hubs, WAGMI Temple, alongside Shiba Inu-themed metaverse experience SHIB: The Metaverse, ahead of the 2023 SXSW festival in Austin, Texas from March 10-19.
The metaverse has arrived at @sxsw with the premier of "Shib the Metaverse" and we are hosting a celebration!
Shiba Inu and Departure Lounge invite you to join us for #HappyHour to wrap up press day and to kick off the SXSW Interactive track!
Wen?: https://t.co/FJ5iTbF4us pic.twitter.com/IzhbYyWGak
— Shib (@Shibtoken) March 3, 2023
Upcoming news calendar, prime catalyst behind SHIB price
In this regard, upcoming developments are expected to give SHIB momentum, while CoinCodex’s artificial intelligence (AI) technology predicts that the price of SHIB will reach $0.00000361 by the end of 2023.
CoinPriceForecast, another prediction platform based on self-learning technology, although not as bullish as CoinCodex, has predicted that the price of SHIB will reach $0.00001474 by the end of 2023. In the longer term, artificial intelligence predicts that the meme coin will reach $0.00003547 on July 28, 2024. As Kriptokoin.com, we have included PricePredictions’ price predictions for the end of March in this article.
OpenAI’s text-based artificial intelligence platform ChatGPT, when questioned repeatedly, remained uncertain about Shiba Inu’s 2030 predictions, but highlighted network upgrades, smart contracts and crypto wallets, as well as regulatory policies, the global economy, and the competition of other cryptos as major influences on its price.
How is the SHIB price technically?
SHIB price is moving sideways along with the overall market at the time of writing. Selling pressure from US payment network Silvergate in recent days has brought the price of SHIB down more than 8% on a 7-day scale. However, the meme token’s performance for the past year has been at -52.1%. Currently, most SHIB investors are at a loss.
Can Shiba Inu (SHIB) give birth to new millionaires?
Crypto analysts say that in a strong bull market triggered by the 2024 Bitcoin halving, the Shiba Inu could also attract millions of new investors. The Shiba Inu could have the potential to increase its price and even make a careful investor a millionaire. However, it will take quite a long time for Bitcoin and Ethereum (ETH) to reach the broadcast.
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