SHIBA Inu is on the rise as the cyrptocurrency has hit an all time high.
The price of Shiba Inu has risen by 61.00% in just the past week, rocketing by 41.54% in the last 24 horas.
That makes the current price the cryptocurrency is trading at $0.000041 per SHIB according to Coinbase.
Shiba soared in value earlier this month following a tweet by Elon Musk.
Mr Musk, the billionaire entrepreneur behind Tesla, has a Shibu Inu puppy and posted a picture of it on the social media site, which started a big rally.
In the past month, Shiba has skyrocketed by more than 300%, de acordo com Coinbase.
But what does the future have in store for the dog meme cryptocurrency?
The Sun spoke to experts to find out what lies ahead – and what the cryptocurrency could be worth in 2022.
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Shibu Inu is a cryptocurrency token that allows users to hold trillions of them.
Tokens of Shiba Inu feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.
Whether you’ve already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed.
As criptomoedas são especialmente voláteis, so their values can crash with little to no notice.
Em outras palavras, it’s important to not put in more cash than you can afford to lose and to never invest in something you don’t understand.
Newer cryptocurrencies are also riskier than those that have been around for longer, such as Bitcoin, and make you more open to scams.
Will Shiba Inu’s price rise?
For Shiba in particular, there’s has been a fair share of volatility this year despite the surge in the past month.
Por exemplo, the token hit its last recorded highest ever level at $0.00003641 em maio 11 – but struck bearish trends up until recently.
It has of course exceeded that record now as the current $0.000041 per Shib value is the most recent all time high.
It’s difficult to predict how Shiba Inu’s price will change in future though due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, comments by high profile individuals such as Musk, and other developments.
Em maio, the value of Shiba Inu soared after Binance announced it would list the coins on the crypto platform.
Its value also rose in September, after it began trading on Coinbase.
It means the price could rise once again if it’s successful in listing on other recognized platforms such as eToro.
Contudo, as we’ve seen in recent months, cryptocurrencies are highly volatile and their values can change in the blink of an eye.
Myron Jobson, ativista de finanças pessoais da Interactive Investor, disse anteriormente ao The Sun: “It is difficult to predict the price of a something that has an intrinsic value of zero.
“All it takes is a tweet from high-profile individuals who have significant influence on sentiment to cryptos to drive up demand.
“But greater regulatory scrutiny on cryptos threatens to hamper the growth potential of the Shiba Inu.”
Simon Peters, analista de criptoasset na eToro, adicionado: “As to whether its value will increase – it is possible.
“As more exchanges begin to list the token and provide investors the opportunity to gain exposure, like any asset it will become more routinely traded alongside the likes of Bitcoin and Ethereum.
“That being said, anyone investing in such tokens needs to do so carefully.”
Charlie Barton, especialista em investimentos no site de comparação Finder, told The Sun the wider crypto market view is also important right now.
Ele adicionou: “Many coins are unlikely to see much growth until it’s clear that sentiment is moving in a positive direction.”
What will Shiba Inu be worth in 2022?
Plenty of cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as it’s nowhere near guaranteed.
But many are currently bullish on the Musk-touted cryptocurrency given the gains it’s seen over the past month.
Por exemplo, crypto website Wallet Investor expects Shiba to be valued at $0.000040 in a year’s time.
enquanto isso, Coin Price Forecast predicts Shiba will be $0.00005349 by the end of 2021 e $0.00006438 by the middle of next year.
We round up five things you need to know about the Shiba Inu tokens.
The value of the tokens fell in May – check out why in our guide.
Mais, check out four things you need to know about Dogecoin.
What are the risks of investing in crypto?
Investing in any cryptocurrency is risky – here we round up what you need to know.
- Proteção do consumidor: Alguns investimentos que anunciam retornos elevados com base em criptoassets podem não estar sujeitos a regulamentação além dos requisitos de combate à lavagem de dinheiro.
- Volatilidade dos preços: Volatilidade significativa de preços em criptoassets, combinado com as dificuldades inerentes de avaliar criptoassets de forma confiável, coloca os consumidores em alto risco de perdas.
- Complexidade do produto: A complexidade de alguns produtos e serviços relacionados a criptoassets pode dificultar a compreensão dos riscos pelos consumidores. Não há garantia de que criptoassets possam ser convertidos de volta em dinheiro. A conversão de um cryptoasset de volta em dinheiro depende da demanda e da oferta existente no mercado.
- Encargos e taxas: Os consumidores devem considerar o impacto das taxas e encargos sobre seus investimentos, que podem ser maiores do que aqueles para produtos de investimento regulamentados.
- Materiais de marketing: As empresas podem superestimar as devoluções de produtos ou subestimar os riscos envolvidos.