Shiba Inu prospects for the near future
Similar to many other altcoins, Shiba Inu is a digital asset built on top of the Ethereum Network. It’s curious to learn that, intentionally, Shiba Inu was developed as an alternative to the popular meme coin called Dogecoin. Eventually, it has become very popular, and today its price is rising with an insane rapidness.
Shiba Inu prospects for the near future are not as clear due to the fact that it’s a new asset. But still, we can study the tendencies and make some reasonable predictions. Such crypto assets as Dogecoin and Shiba Inu are the best examples to show how the hype around the coin impacts its value.
The main reasons for altcoin growth now
The price rate of Shiba Inu has increased by 6.67% in a single day. On the 12th of February, the price of the altcoin was equal to $0.000028. But the next day, it blasted through the $0.000030 mark. The market capitalization of the coin has increased up to $16.185 billion.
Such increasing rates aren’t rare to such popular coins, but in this particular case, we should take into consideration the fact that before the 12th of February the price rate has been only falling down. Here are the major reasons why we should expect Shiba Inu prospects for the near future to become better:
- one of the major drivers for the increase is the news about Shibarium testing. This is a solution by the coin developers. They also report that they are going to build the original ecosystem to allow token staking;
- the launch of the solution will reduce commissions, which will make investing in Shiba Inu more profitable;
- the increasing rates of Bitcoin may make altcoins more popular because they are much cheaper;
- we have all clues to say that the developers are going to continue work on the project and represent all the promised products on time. This is very important in order to keep users interested in the asset;
- the future launch of the blockchain-based game. This game will use Shiba Inu as in-game currency. Such an idea has good chances to create more hype about the coin and increase its value;
- nice prospects of the LEASH toke. This token will be a part of the Shiba Inu Metaverse. And it has good chances to become a priority option. Learn more about this from the following paragraph.
Shiba Inu prospects for the near future in the original Metaverse
Shiba Inu coin prospects largely depend on the success and sustainability of its original ecosystem. This ecosystem might be considered as an entire Metaverse. Here are the major points to consider when discussing Shiba Inu Metaverse:
- LEASH holders will be the first to gain access to Shiba Inu Metaverse Lands;
- the Shibaverse introduction will increase market capitalization of the represented tokens;
- the Shibaverse might generate $1 trillion a year in revenue from advertising, digital events, and more.
What is LEASH and why it will become a priority option in Shibaverse? LEASH is one more token of the Shiba Inu ecosystem that is currently demanded due to increasing popularity and hype. LEASH is often considered as an initial “DODGE killer”. Now we can clearly see that this token from the meme metaverse has prospects not worse than the original Shiba Inu coin. From the 7th of February till the 13th of February, its price has increased by 39% — from $856,404 to $1 409,906.
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