After a temporary increase in the price of Shiba Inu (SHIB) last week, the meme coin continued to move in a downtrend. However, the crypto community at CoinMarketCap seems quite optimistic about its future, predicting that the meme coin will be trading at an average of $0.00003167 by May 31, 2022 with 23,782 votes. Here are the details…
SHIB prediction from the crypto community
The estimated price of the CoinMarketCap community indicates that SHIB will increase by 39.5 percent from its current value to $0.000008972. Looking at forecasts outside of May, 14,685 community members set a slightly lower target for late June than in May, predicting SHIB would trade at $0.00000287, which is 26.44 percent higher than its price at the time of writing. However, it is worth noting that, based on the performance of previous forecasts, the cryptocurrency community has historically predicted the end-of-month price of the Shiba Inu with an accuracy of 70.03 percent.
Currently, SHIB is down 1.9 percent during the day and 8.9 percent in 7 days, changing hands at $0.00002225, according to data from CoinMarketCap. Meanwhile, the token’s total market cap is $12.3 billion, making SHIB the 15th largest cryptocurrency by this indicator.
Shiba Inu gains momentum with Robinhood listing
The community is finally short of listing Shiba Inu after numerous petition campaigns for commission-free investment platform Robinhood albeit after a while; He is still quite optimistic about the cryptocurrency, predicting that more investors will buy the Shiba Inu token in the coming months. As a result of Robinhood’s listing, as we reported as
Kriptokoin.com, the cryptocurrency added up to $1 billion in market cap in less than an hour. Also, SHIB has seen a sudden influx of capital, paying off for the optimism of long-term holders who have increased their holdings by nearly 60 percent in one go. Still, SHIB failed to see its record of $0.00008616, which it set on October 28, 2021.
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