Introduction
2023 will be a significant year for the crypto market as a whole. Shiba Inu is the primary cryptocurrency expected to rule the crypto market. As per the data, the SHIB token could have a significant year regarding price movements and technological advancements. For bitcoin trading, you may consider using a reputable trading platform like biticodes.
The release of new features, i.e., the popularity of metaverse platforms, will include an appreciable amount of network activity in the Shiba Inu (SHIB) token. The previous year wasn’t a year for the SHIB token, but experts predict that the coming year will be the year for SHIB. How? Let’s see.
Shiba Inu is soon to be Worth $10 by 2024, Predicts Experts
The popular dog-themed meme coin, Shiba Inu, is popular in the crypto market. Introduced in August 2022 as a joke, Shiba Inu is now more than a joke. The Shiba Inu coin price has undergone the utmost evolution since its launch.
In early 2020, the meme coin had very little popularity among crypto enthusiasts. By the time it was 2021, SHIB tokens had begun to gain approval in the cryptocurrency market. Past data suggests that Shiba Inu traded at US$0.00001377. Aiming at the meme coin’s favorable growth rate, experts publicize that Shiba Inu will be worth $10 in one year.
SHIB Token in the Metaverse World
Shiba Inu’s team is arranging things to preview the first feature, i.e., ‘HUB’ of their ecosystem’s metaverse, at a virtual reality/augmented Augmented Reality exhibition. So, with Shiba Inu landing in the metaverse world in March 2023, the coin’s trading prices are expected to be pumped up.
While reading this article, I learned that the Shiba Inu price in the crypto market is worth US$0.000013 with a trading volume of US$561,822,164. To take advantage of the great numbers in terms of price, the Shiba Inu creators took a step forward and designed a decentralized exchange called ShibaSwap.
With ShibaSwap, users can trade cryptocurrencies without involving a third party. And so, ShibaSwap enjoys popularity. It is already giving tough competition to noted brands like UniSwap and Curve Finance.
ShibaSwap and Shibarium: Favorable Moves for SHIB Token
It was on July 6, 2021, when ShibaSwap came into being. In just 24 hours, it amassed almost $1 billion in assets. Thus, the meme coin, Shiba Inu, became much more than simply a meme coin. SHIB’s status got apprised, all thanks to the ShibaSwap.
Not only did ShibaSwap add to the popularity and success of Shiba Inu, but there are other players too. One such example is Shopping.io. Shopping.io is a platform to purchase major e-commerce hubs online using your favorite crypto coins.
Shopping.io announced a collaboration with Shiba Inu in July 2022. Soon after this announcement, the SHIB token substantially boosted the crypto market. It happened because, after this collaboration, users were eligible to use SHIB as a payment method on eBay, Walmart, and Amazon.
The extraordinary performance of Shibarium by Shiba Inu directs the coin to meet US$10 by 2024. Hence, 2023 and the coming year will be favorable for Shiba Inu. The Blockchain Layer 2 solution for the Shiba Inu platform, i.e., Shibarium, is expanding as expected. This is another reason the SHIB will be worth $10 by 2024.
Shibarium was created in May 2021, and now it’s developing at a quick pace. This development will allow users to transfer assets for a lower gas price. So, very soon, completing small transactions through dApps powered by Shiba Inu will be rapid and more uncomplicated.
The Shiba Inu developers are also taking the necessary steps to enhance the user interface and user experience on the trading platform. As it may be, it’s still true that Shiba Inu’s price keeps fluctuating. And the reason for this volatility is its correlation with BTC’s performance.
Reasons for Shiba Inu’s Popularity
There are a bunch of reasons for the acceptance of Shiba Coin. These include tweets on behalf of celebrities. Elon Musk, the founder of Tesla and an active investor, tweeted that he wants to get a Shiba Puppy. Again, on February 15, he tweeted the picture of the Shiba Inu Dog with the caption, “The new CEO of Twitter is amazing.” These tweets pampered the cryptocurrency market, resulting in a surge in value by 300 percent.
Conclusion
In conclusion, SHIB will surely gain value and touch $10 by 2024. This peer-to-peer (P2P) virtual currency allows users to make monetary transactions. So, if you are new to crypto trading and investments, you must check out the Bitcoin trading platform, Bitcoin Smart. Start your research and invest in the popular meme coin, Shiba Inu, now.
