Is Now The Right Time To Buy Shiba Inu?

This meme token has been one of the top performers in 2021

Last Updated January 28th 2022

4 Min Read

The answer to the question: 'Is now a good time to buy Shiba?’ Will likely to depend on Shiba price prediction updates. As per SHIB price forecasts, Shiba is predicted to cross the $0.0001 mark price in 2022, soaring towards the $0.00012 level in 2023 and $0.00018 in 2025.

Key points of why now is the right time to buy Shiba Inu:

Shiba Inu core fundamentals are getting better
It is quite affordable
Crypto market as a whole is trying to reclaim its bullish momentum
Market cap a little steep for a relatively new project

The cryptocurrency market set new records in 2021, hitting a $2 trillion market capitalization and showing growth signs.

One of the biggest crypto winners in 2021 was Shiba Inu (SHIB). The crypto is up by over 1,200,000% since its launch.

As such, despite its sluggish performance recently, those who got in early are still sitting on a hefty profit.

But what about someone looking to invest in it today? Is now a good time to buy Shiba Inu? This article analyzes Shiba Inu to try and figure this out.

Staking On Shibswap

While Shiba Inu started as a meme coin riding off the Dogecoin rally, it is innovating to add value.

One of its biggest moves so far was the launch of Shibswap in July 2021. Shibswap is a DEX that allows investors to exchange tokens and stake their Shiba Inu tokens.

The staking aspect of this DEX is likely to give Shiba Inu the most value. That’s because once one stake, their Shiba Inu are locked for 6-months.

Essentially this will help keep the price of Shiba Inu stable going into the future. At the same time, this will play into its demand dynamics as more people buy Shiba Inu for staking purposes.

This is one of the reasons that could see this crypto grow in value significantly going into the future.

Shiba Inu Is Nominally Cheap

A while back, Mark Cuban stated that people love buying cryptos that they can afford whole coins.

This is evident in the growing calls for Bitcoin to be traded in Satoshis to give more investors this opportunity. CoinMarketCap even lists Satoshis as separate crypto from Bitcoin.

This desire to own whole cryptos has drawn many people to Shiba Inu and will continue to do so going into the future.

With just $100, one can own millions of Shiba Inu and profit from the volumes as the price increases.

One may not easily feel the same satisfaction from buying $100 worth of Bitcoin or Ethereum. The network fees alone would make such an investment impractical.

This is a factor that could play into the demand dynamics of SHIB going into the future.

The Hype Is Still There

Hype has come out as a big factor in crypto prices these days. Dogecoin rallied by over 12000% driven by the hype that Elon Musk created around it. Similarly, Shiba Inu rode on the hype of being a Dogecoin killer and went on to gain by thousands of percentages.

That hype has not died out, and Shiba Inu now has one of the largest communities in crypto. With broader market momentum on the rise, the next hype cycle for Shiba Inu is likely to be huge.

Unlike in the last rally, Shiba Inu is now fundamentally stronger. It has a DEX and is now easily available on more exchanges and wallets.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Adoption Is Growing

Shiba Inu may have started as a meme token, but it is quickly outgrowing this tag with developments of the last few months.

In the last few months, it has built a DEX and faced adoption as a payments cryptocurrency.

One of the biggest moves towards its adoption is shopping.io, a payment system that allows shoppers to pay using crypto on Amazon, e-Bay, and even Walmart.

Don't Miss: Pros and Cons of Investing in Shiba Inu Coin

Overall Market Momentum Is In Its Favour

The crypto market is on a recovery trajectory. Adoption is growing, access is getting better, and in most countries, regulations are getting clearer. These factors are likely to see the market grow by many multiples from its current market capitalization of $2 trillion.

Since Shiba Inu‘s price moves in tandem with the broader market, its value is likely to grow as the crypto market expands. That’s because it’s also improving core features to remain competitive in its space.

The biggest factor that could cause a significant value increase long term is Bitcoin halving in 2024. Bitcoin rockets after every halving due to the supply shock that comes with it. In the process, it lifts the entire market with it.

Shiba Inu Is Not “Cheap,” Though

While it is trading at pennies, this should not delude investors that Shiba Inu is cheap. It may have been cheap when it first launched, but that is no longer the case. Shiba Inu now has a market capitalization of $11 billion. That’s quite a high market capitalization for a project that is relatively new in the market.

If you are considering investing in Shiba (SHIB), there is never a perfect time. If you believe in Shiba's value in the long term, then buying and holding could prove to be a good strategy.

For investors who believe in the prospects of Shiba Inu in the next 5 to 10 years, then now is an excellent time to buy Shiba Inu. There are many positive developments in the market today, and they are likely to play out in Shiba Inu’s favour long term.