The year 2021 has seen the emergence of memecoins like Dogecoin and Shiba Inu. The latter was launched to challenge Dogecoin. The capitalization of SHIB is growing more and more and may exceed DOGE’s in the coming months.
The price of Shiba Inu (SHIB) has fallen over the past five months and crypto experts say it may fall further.
It is currently in the same tight area as it experienced in late January and February this year.
Currently, its biggest problems are a reduction in the number of transactions, a decrease in the holder’s account and a decrease in the price of the token.
Revenue from cryptocurrency has fallen
The decline in cryptocurrency performance so far this year has deterred many investors. But its vulnerable point is the lack of utility to develop the project.
Although Shiba Inu joined Robinhood in April, it was only enough to boost his price and trading activity as he was already behind a first quarter of the year with a 70% drop in his trades recorded in the cryptocurrency.
In March alone, SHIB transactions fell from 329,893 to 216,260, negatively affecting its trading value, which has fallen almost 75% since its record high in October last year.
A report by Robinhood last month notes that business activity among millennials who helped fuel the cryptocurrency boom is drying up.
In addition, the analysis also reflects that cryptocurrency revenue fell by 39%.
Another point to consider is that SHIB is considering the possibility of memecoins entering the metaverse serum, as this will also strengthen cryptocurrencies.
The most important breakout range for those who see an increase in the Shiba Inu price is a daily close at or above $ 0.000026.
Shiba Inu (SHIBA) course: what is the current price?
Here is the live performance of Shiba Inu. Also see: Crypto Decentraland (MANA): should you buy MANA? Meaning, analysis and prediction 2022.
Crypto SHIB: our opinion and prediction for 2022
Shiba Inu can go a long way by integrating DeFi. This may interest you: Crypto IoTeX (IOTX): Should you buy IOTX? Meaning, analysis and prediction 2022. The project will therefore combine business with pleasure; or rather the useful as a joke!
Price volatility announcement
The price of SHIB is still very volatile compared to Dogecoin.
Shiba Inu came down to attractive prices and has more rebound capacity than Dogecoin.
Long-term SHIB price forecast
Shiba Inu lacks big business or celebrity adoption in order for the cryptocurrency to once again perform fantastically.
Shiba Inu is not limited to meme and it is one good thing. His prominent projects make cryptocurrency remain promising.
Buy Shiba Inu (SHIBA) for trade
To trade with this cryptocurrency, the eToro broker is the most suitable. In addition to buying tokens, this platform allows you to trade short-term crypto-CFDs without having to hold tokens.
Step 1 : use the search bar on the eToro platform to find the cryptocurrency.
Step 2 : then click “Invest” to enter the amount of cryptocurrency to buy and validate the transaction.
Buy Shiba Inu to invest
To invest in this cryptocurrency by holding them in one wallet, go to the Binance platform.
Step 1 : go to the “Buy Cryptos” tab and then select the payment method of your choice.
Step 2 : choose crypto to buy and continue to secure payment. Thereafter, the cryptocurrencies will be credited to the dedicated wallet.
Read this article to find out how to buy cryptocurrency at Binance.
Useful resources to invest in Shiba Inu (SHIBA)