Shiba Inu SHIB/USD initially started as a meme that was based on an internet joke; however, over time, it managed to evolve into something much bigger.
Today, the SHIB token powers a major ecosystem, which includes the ShibaSwap alongside its own Metaverse that will launch at some point in the future.
All of this has been complemented by an enthusiastic community supporting the project, and this has led to a massive level of growth.
Robinhood listing and metaverse developments as a catalyst for growth
Robinhood Markets Inc. announced that they included four new cryptocurrencies on their platform, one of which was the Shiba Inu (SHIB) token. This meant that all users of the app could now trade SHIB.
The other assets listed on Robinhood included Compound COMP/USD, Polygon MATIC/USD, and Solana SOL/USD.
On April 13, 2022, Shib’s official Twitter page made an announcement that they are enabling the first access BID event, which went live on shib.io.
However, in order for users to actually participate in this early access event, they have to have LEASH or SHIBOSHI locked and utilize the locking system.
At the time of the event, 35,000 pieces of LAND existed, and people could bid on them. All of these developments can contribute to the growth of the Shiba Inu (SHIB) token.
Should you buy Shiba Inu (SHIB)?
On April 13, 2022, Shiba Inu (SHIB) had a value of $0.00002728.
In order for us to get a better perspective as to what kind of value point this is for the SHIB cryptocurrency, we will be going over the token’s all-time high point of value alongside the performance it showcased in March.
The all-time high value of Shiba Inu (SHIB) was on October 28, 2021, when it reached $0.00008616. This means that at its ATH, the token was $0.00005888 higher in value or by 215%.
When we go over the performance of the token throughout the previous month, Shiba Inu (SHIB) had its lowest point on March 13 with a value of $0.00002139.
Its highest point was on March 28, when the token increased to a value of $0.00002904. Here we can see that the token increased by $0.00000765 in value or by 35%.
With this in mind, we can expect SHIB to reach a value of $0.00006 by the end of April.
While SHIB could reach $1 at some point in its future, this might not occur throughout 2022. However, its forward momentum thus far does make it a token worth getting.
The post The future of SHIB: is $1 a realistic expectation? appeared first on Invezz.
from Market Analysis – Invezz
