These 10 Shiba Inu predictions by trading bots could materialize in 2023.
From a look at the Shiba Inu price action in 2023, it is clear that it has been bearish. This has little to do with Shiba Inu itself but price action in the broader cryptocurrency market. That said, Shiba Inu remains one of the top meme coins that have the potential to make investors rich once the market rebounds.
Unfortunately, with so much going on at the macro level that is affecting the cryptocurrency market, many investors are unsure of whether to buy cryptocurrencies.
That's where price predictions come into the picture. In the past, some top market analysts have come up with Bitcoin price predictions that have turned out to be pretty accurate. However, it is the prediction bots that have had the most success in predicting the future direction of Shiba Inu. They rely on complex data to make decisions, and data, when leveraged well, tends to give a reasonably accurate view of what the future holds.
On this basis, we have compiled the top 10 Shiba Inu price predictions for 2023 as done by trading bots.
An Even Bigger Community
Shiba Inu and all meme coins tend to thrive on the strength of their online communities. One of the metrics used to measure the potential of a meme coin to make investors rich is the community behind it. Today, Shiba Inu has a following of more than a million on most social media platforms. Trading bots predict that as the Shiba Inu team keeps coming up with new positive developments, the Shiba Inu community could triple by 2023.
Shiba Inu Could Lose Another Zero In 2023
Shiba Inu has eaten up more than 50% of its zeros since its launch. The result has been the multi-million percentage returns that it has given investors since 2020. Shiba trading bots' predictions point to the potential for Shiba Inu to eat another zero this year if the broader market turns bullish again.
Shiba Inu Will Lose A Sizeable Portion Of Its Market
Shiba Inu is the second-largest meme coin in the market today. However, it has seen its share of the meme coin market get eaten away by new meme coins. Since investors in meme coins want to maximize gains in the shortest time possible, trading bots predict that Shiba Inu could see its share of the market shrink by the end of 2023. That's because investors could start looking into new meme coins with more potential than Shiba Inu.
Check Out: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Calls For Regulations
Like all other cryptocurrencies, an investment in Shiba Inu is gambling on an unregulated asset. It's pretty much wild west investing. This means there is a good chance that a newbie investor will buy Shiba Inu today using a rogue broker and lose all their money. For this reason, trading bots expect calls for regulations to increase all through the year.
An Explosion In Shiba Inu Influencers
Meme coins tend to attract a lot of influencers who build a following by making wild predictions. Trading bots predict Shiba Inu will see an upsurge of these influencers going forward. While some of these influencers could give accurate predictions, it is all guesswork, and relying on them can lead to losses.
Shiba Inu Adoption Will Rise
Trading bots predict that Shiba Inu's adoption will increase this year. This prediction is based on Shiba Inu's strong community and the recent entry into the fast-growing Metaverse space. Most Shiba Inu price predictions expect that by the end of 2023, Shiba Inu will be one of the hottest Metaverse cryptocurrencies in the market.
Shiba Inu Supply To Reduce Significantly
Shiba Inu has been aggressively burning tokens since it launched. The tokens that Vitalik Buterin burned alone made up close to 50% of the total supply. Now that Shiba Inu is launching a token burn platform, trading bots expect the supply of Shiba Inu to drop significantly.
Shiba Inu Could Become The Currency Of The Internet
Trading bots are projecting that Shiba Inu has the potential to become an everyday currency for internet payments. That's because Shiba Inu has a strong community behind it and is also one of the cheap cryptocurrencies available to all for both payments and speculation.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu Will Remain Highly Volatile
Shiba Inu is a highly volatile cryptocurrency. Quite expected of a meme coin, given that the entire crypto market is also volatile. With so many macro factors affecting the cryptocurrency market, trading bots predict Shiba Inu volatility could increase as the year progresses.
The Shiba Inu Metaverse Will Grow In Adoption
Shiba Inu is one of the cryptocurrencies with the most vibrant communities in the market today. Now that the Shiba Inu Metaverse is live, bots predict it could emerge as one of the most adopted Metaverses in all of crypto. It's a big deal as it could also increase the number of investors who believe Shiba Inu is a cryptocurrency that can double money in 2023.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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