The Shiba Inu token is predicted to have one of the highest returns on investment of all cryptocurrencies if it follows its historical trend. It would not be surprising to see 2022’s bull run coming from this cryptocurrency. Here are some reasons why 2022 might be the year of the Shiba Inu token Bull Run!
Recent Bull Run
The cryptocurrency market has seen a lot of ups and downs over the past few years. Crypto winter, the bear market, the 2018 recession, are all terms that have been used to describe recent events in the crypto world. Many tokens have lost their value and some have even disappeared from the markets altogether.It can be hard to tell which tokens will be successful or not. However, there are some exceptions. One such token is a Shiba Inu Token (SHIB). The token is up nearly 3x from its initial price with a strong community backing it up across social media channels and Reddit discussion boards. As a result, SHIB could be a good place to invest with a bullish prediction for 2022.
The Shibe community is also very active on many social media channels including Reddit with the subreddit being one of the top 50 subreddits on Reddit as of now. All this coupled with an increase in Google Trends search interest as well as an increase in development activity.
Community Analysis
The Shiba Inu community is very active on social media channels and discussion boards, including Reddit. The subreddit is currently one of the top 50 subreddits on Reddit and has been steadily climbing up the list since it launched in August 2020. The number of subscribers on the subreddit has doubled since its launch.There is also an active development team that produces updates on a daily basis. You can always get in touch with them through social media or their Telegram channel to ask any questions you might have.
As for Google Trends, it's difficult to predict what the next crypto winter will bring for SHIBA token price. However, there is a spike in search results interest in Google which could be bullish for future prices.
Token Analysis
The Shiba Inu token is a cryptocurrency with a Circulating Supply of 549 Trillion tokens. The total number of coins in circulation is currently 55,792,231 SHIBE. With no new coins being created or mined, the value of the coins that are available will increase over time. The Shiba Inu community is looking forward to burning massive amounts before the end of this year.Social Media Presence
One of the many reasons for SHIBA success is its social media presence. As of April 2020, SHIBE has over 50k followers across all its social media channels (Twitter, Discord, Instagram).
As a result, they are able to reach a large audience and serve as a source of trust in the crypto world where scams and frauds are rampant.
The Shiba community is also very active on many social media channels including Reddit with the subreddit being one of the top 50 subreddits on Reddit as of now. All this coupled with an increase in Google Trends search interest as well as an increase in development activity.
Community Participation
The Shiba community is one of the most active cryptocurrency communities out there. They have a subreddit that is currently ranked as one of the top 50 subreddits on Reddit and they also have a Telegram channel with over 70,000 members.
These numbers show a lot of interest in this project. There are a lot of people who are invested in this token and who want to see it succeed. And it's not just those who invested early on - there are plenty of new people interested in the project every day.
As an investor, this means you should be optimistic about future growth for SHIBA since it demonstrates there is a strong community backing up the project. The more people invest, the more likely it is that SHIBA INU will have even more success going forward.
When determining the right cryptocurrency for your investment portfolio, you may be wondering how in the world you can differentiate between Dogecoin and Shiba Inu since, price-wise, they are almost identical. (For added context, one dogecoin currently costs less than a dollar while a Shiba Inu roughly 0.00003194 dollars.)
You might be forgiven for thinking that Dogecoin and Shiba Inu are two cryptocurrencies that are completely unrelated. After all, they don’t look alike, they don't even have the same dog-themed mascot, and they’re both tiny compared to the biggest of cryptocurrencies. The truth is, however, that they have some interesting similarities and differences. Here are some of the biggest similarities and differences between Shiba Inu & Dogecoin.
This year, there are some possible catalysts for a bull run in 2022, including:
These numbers show a lot of interest in this project. There are a lot of people who are invested in this token and who want to see it succeed. And it's not just those who invested early on - there are plenty of new people interested in the project every day.
As an investor, this means you should be optimistic about future growth for SHIBA since it demonstrates there is a strong community backing up the project. The more people invest, the more likely it is that SHIBA INU will have even more success going forward.
Dogecoin vs. Shiba Inu: What’s the difference between these popular meme currencies?
In the cryptocurrency space, there are plenty of comparisons to be made. Some of them are based on the technical aspects of the coins, while others are based on their design or marketing strategies. One coin that doesn’t get enough attention is dogecoin, but its design has proven to be a major factor in its success.When determining the right cryptocurrency for your investment portfolio, you may be wondering how in the world you can differentiate between Dogecoin and Shiba Inu since, price-wise, they are almost identical. (For added context, one dogecoin currently costs less than a dollar while a Shiba Inu roughly 0.00003194 dollars.)
You might be forgiven for thinking that Dogecoin and Shiba Inu are two cryptocurrencies that are completely unrelated. After all, they don’t look alike, they don't even have the same dog-themed mascot, and they’re both tiny compared to the biggest of cryptocurrencies. The truth is, however, that they have some interesting similarities and differences. Here are some of the biggest similarities and differences between Shiba Inu & Dogecoin.
* Estimated value as of early December 2021
Earlier this year, the Shiba Inu token (SHIB) reached an all-time high of $0.00008616 on Oct 28, 2021. This came shortly after the release of the Shiba Swap program and their new website.
However, the price of the token has been gradually declining since October, and it has been hovering around $0.00004879 for nearly a month now.
This year, there are some possible catalysts for a bull run in 2022, including:
- A new website
- Increasing demand for SHIB
- A price floor
- A market cap increase