Where Will Shiba Inu Cryptocurrency Be In 5 Years?
Shiba Inu (SHIB) is one of the best crypto performers ever. It has a ROI of over 500,000% since launch. While it is yet to retest it's all-time highs, Shiba Inu has made significant gains over the last couple of weeks.
The big question now is, can Shiba Inu sustain its past momentum in the next 5-years. The best way to figure this out is to examine its long-term roadmap.
The Next Two Years
Analysts using AI for analysis expect Shiba Inu to gain by anywhere between 50% and 100% in 2021.
The biggest factor that is likely to trigger a rally in the price of Shiba Inu is the broader market momentum. One thing that has held true for crypto over the years is that all cryptos tend to move up or down in relation to the price of Bitcoin.
While the percentage gains may vary from crypto to crypto, the bottom line is that they move together.
It is not a coincidence that Shiba Inu’s rally in April 2021 happened at a time when Bitcoin was testing all-time highs of $64,000.
For the remainder of the year, this is likely to be a critical factor to the price dynamics of Shiba Inu.
If the market momentum at the moment is anything to go by, then Shiba Inu could easily do 50-100% gains by the end of the year.
That’s because the bear run that characterized the market for the better part of May and June seems to be a thing of the past now. The overall crypto market is hovering at around $2 trillion after it tanked close to $1 trillion.
Some cryptos are already trading at their all-time highs. Bitcoin, which is the main market mover, is also showing good signs at the moment.
It recently pushed through major moving average resistance Ievels in weeks and is now close to retesting its all-time highs.
If its price momentum is anything to go by, it could retest its all-time highs in a matter of weeks. The best part about it is that core market fundamentals are getting better.
For instance, institutional adoption is on the rise, and the ever-present risk that China presented to the entire crypto market is no longer a problem.
That’s because Bitcoin mining is now dispersed globally after China closed its doors to miners. This means if Bitcoin pushes through $64k soon, then $100k could be possible in 2021.
For altcoins like Shiba Inu, this means huge prospects for growth including the potential to gain by over 100% or more.
Shiba Inu’s Use-Case In Community Fundraising
Going into 2022, Shiba Inu is likely to trade at about 100-150% from its current prices. The key value driver at this point will be its adoption.
While Shiba Inu started as a meme coin riding the Dogecoin wave, it actually has very strong use cases that could see its value grow exponentially into the future.
One of its strongest use cases is in community fundraising. Anyone who wants to raise money for a worthy course can ride on the strong Shiba Inu community. It’s a move that can amplify the visibility of such a course, and draw in more people.
This use case will have the effect of creating visibility for Shiba Inu project, and add to its intrinsic value. For instance, Vitalik Buterin used Shiba Inu to help India fight the COVID-19 pandemic.
While this caused the price to dump by 50% due to the huge amount that he donated, there was a rebound shortly after, due to the visibility that SHIB received in the Indian market.
Of course, this is an outlier case. In more normal circumstances, Shiba Inu’s use case for community fundraising is a factor that could see its value rally going into the future.
Shiba Inu NFTs Potential
The NFTs market is growing fast and is set to change business models in everything from sports, music, art, to movies distribution.
While Shiba Inu is yet to get into this market, it has a lot of potential in it. The project recently launched Shibswap, which is a decentralized platform for swapping cryptos.
Shibswap is currently focused on the exchange of meme coins, but NFTs could be the next big thing on this platform.
Already, Shiba Inu has a huge community backing it up, which gives Shibswap a huge lead ahead of the many decentralized exchanges coming into the market at the moment.
As the potential for Shibswap becomes clearer to investors, the value of this crypto is likely to grow by over 100% to 200% in the next year or two.
Adoption Is Growing
Shiba Inu’s potential in the next two years will also be driven by the number of institutions that are adopting it for payments.
While it started off as a joke, Shiba Inu is now accepted for payments on Shopping.io. This means users can now buy stuff on major markets like Amazon, Walmart, and e-Bay using SHIB.
As more people use it for payments on such platforms, it is not hard to see why Shiba Inu has the potential to record gains of up to 200% in the next year or two.
So Where Will Shiba Inu Be In Five Years?
Unlike something like the S&P 500 where there is decades of data to use in predicting the future, crypto is a relatively young market. It is even harder to predict where crypto that launched less than a year ago, will be in the next 5-years.
Nonetheless, Shiba Inu is likely to give investors significant value appreciation in the next 5 to 10 years.
One important pointer to such potential is Bitcoin. Shiba Inu, like other cryptos, is likely to keep moving in the direction of Bitcoin for years.
Due to its scarcity, and growing adoption, lots of experts expect Bitcoin to trade at anywhere between $500k and $1 million in the next five to ten years. This would spell good tidings for fast-growing altcoins like Shiba Inu.
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