After a lot of support and developments, is SHIB worth buying?

3 Min Read

Shiba Inu SHIB/USD has seen a high level of popularity ever since it was released as one of the main competitors to Dogecoin DOGE/USD

While the SHIB cryptocurrency token was initially created as a meme token, over time, it grew into its own ecosystem, which features ShibaSwap, and is now gearing up for its own metaverse platform.

Shiba Inu development as a catalyst for growth

On March 25, 2022, Netcoins made an official announcement that they added five new cryptocurrencies. One of these included Shiba Inu (SHIB). 

What this means is that each user of Netcoins could now use Netcoins as a cryptocurrency brokerage on which they can buy, sell or hodl the SHIB token.

Furthermore, Sorbillo, John Richmond, and Welly became the official partners of the Shiba Inu ecosystem. This is due to the fact that they now feature support for SHIB payments and might even help in burning. 

However, the latest tease came from the official Shib Twitter page, where they said: “See, the world is full of things more powerful than us. But if you know how to catch a ride, you can go places.”, and there is speculation that this could be the day they announce the metaverse. 

Should you buy Shiba Inu (SHIB)?

On March 30, 2022, Shiba Inu (SHIB) had a value of $0.00002748.

shib usd 2

In order for us to get a better perspective as to what kind of value point this is for the Shiba Inu (SHIB) token, we are going to go over the token’s all-time high value, as well as the performance it showcased throughout the previous month.

When we take a look at the all-time high value of the Shiba Inu (SHIB) token, we can see that the SHIB token reached a value of $0.00008616 on March 28, 2021.

This means that at its ATH, the token was $0.00005868 higher in value or by 213%.

Discussing the performance of the token throughout the previous month, Shiba Inu (SHIB) had its lowest point on February 3, when the token decreased to $0.00002023.

Its highest point of value, however, was on February 7, when the token increased to a value of $0.00003477. This marked an increase in value of $0.00001454 or by 72%.

With all of this taken into consideration, we can expect the Shiba Inu (SHIB) token to reach a value of $0.00004 by the end of April 2022, making it a solid token to buy.

The post After a lot of support and developments, is SHIB worth buying? appeared first on Invezz.

from Market Analysis – Invezz

Share This Article
What Is Cryptocurrency? Crypto Token: Crypto Coin & Crypto Token: Know The Difference