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2022 was the worst year for crypto markets on record. The entire crypto market lost over $2 trillion during the largest market crash in recent history, affecting all altcoins and other digital assets in the process. That includes Shiba Inu, Dogecoins, and all other popular crypto investments.
SHIB, DOGE, and many other cryptos without any real-world applications were destined to lose value over time. However, Shiba Inu promised to introduce new use cases for the SHIB token, including a built-in crypto marketplace, a metaverse, and others to help drive value to the platform. While SHIB tokens are gaining value, the growth is slow and has a low-gain value. That’s why investors are turning to new cryptocurrencies with high gain potential. Tokens such as $AI, $WSM, $SPONGE, and $COPIUM are currently in focus. So let’s see will Shiba recover and why investing in new cryptos is better than putting your money in SHIB tokens.
Shiba Inu Price Movements- Can SHIB Recover?
Shiba Inu is trading for $0.0000072, a significant increase compared to the prices from just a few months ago. However, while the token gains some value over time, it’s showing little growth potential in the upcoming months, despite announcing new features and token use cases.
If we look at the price movements in the past 24 hours, SHIB tokens have an increased trading volume of 47.31%. However, the market cap is slowly shrinking, losing 0.50% during the same period. Therefore, the token’s price has stabilized between $0.0000070 and $0.0000072. The next major resistance level is at $0.0000075, and if the token manages to surpass it in the next few weeks, it could go on a mini bull run again. It’s hard to say if and when will Shiba recover, as growth largely depends on the success of new features, including the built-in token exchange dubbed ShibaSwap, the Shiba Inu Incubator, and Shiioshis, a collection of 10,000 unique NFTs.
Shiba Inu Price Prediction Summer 2023
The SHIB tokens experienced a massive price drop during the crypto crash 2022. SHIB tokens have been regaining ground throughout 2023, slowly moving from around $0.0000061 to $0.0000072, where they are today. The volatility has dropped to an average level, so there are no signs of a bullish or a bearish market in the next few months. However, short-term price movements have turned bullish, but the increase won’t be substantial.
If the most optimistic price predictions become a reality, SHIB tokens could trade just below $0.00001 by the end of the year. It’s hard to say if that will happen, but when all things are considered, SHIB will not turn you into a millionaire, no matter how much money you invest.
High Growth Cryptos of 2023 That Will Outperform SHIB
2023 is turning out to be one of the most exciting years for the crypto markets on record. While 2022 whipped out over 60% of the markets, 2023 is making a massive comeback as hundreds of new platforms are in the works.
The cryptos we’ll cover below are expected to explode and lead to 100x gains or more for all investors by the end of the year, a feat Shiba Inu will probably never be able to achieve again. So, let’s look at some of the best new cryptos to hit the market in the next few weeks.
1. AiDoge ($AI) – New AI-Powered Meme Generation Platform
AiDoge is the newest DOGE-inspired meme coin that could become the next “King of Memes” in the upcoming period. It’s entirely powered by an AI solution that pulls relevant information from all major social media, allowing users to create viral memes with just a few clicks.
The $AI token is used as the platform’s utility, and users can get it from the markets or through the reward system. Namely, users can vote for the funniest memes, and the best ones will be rewarded with free $AI tokens. Moreover, if you stake your tokens, you will get daily credit rewards, allowing you to generate memes for free. Otherwise, you must exchange your $AI tokens for credits to be able to use the meme-generation feature.
The official AiDoge token presale was a huge success. The platform reached its hard cap of $14.9 million in little over a month, and AiDoge is finally going live on June 19, on MEXC, with other listings planned for the next few weeks. $AI tokens are gearing up for a major bull run, so invest today and watch your investments skyrocket in the upcoming period.
2. Wall Street Memes ($WSM) – Meme Coin Backed By a 1-Million Strong Community
Wall Street Memes is another emerging meme coin platform with excellent chances of becoming the highest gainer 2023. The project is run and developed by the Wall St. Bulls 1-million-strong Reddit community, which makes it one of the largest active crypto communities on the planet. The same community pushed one of the largest hedge funds out of business over the GameStop stock in 2021, proving they have what it takes to work as a team.
Wall St Bulls also released an NFT collection that sold out in 32 minutes for over $2.5 million, so if the $WSM token follows a similar path, all early investors can expect a massive bull run. $WSM tokens are in presale and have raised almost $9 million just a few weeks after launch. Wall Street Memes is a cryptocurrency you want to keep a close eye on, and if you invest today, you will join one of the most active crypto communities on the planet.
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3. Spongebob Token ($SPONGE) – Spongebob Squarepants-Inspired Meme Coin
The Spongebob Token was released on Uniswap in early May without a presale event or online advertisement. It followed a similar path to $PEPE, leading to over 2,500% growth days after release. The $SPONGE token is quickly becoming one of the favorite long-term options among investors, and if it gains enough momentum, it could lead to 100x gains by the end of the year.
As you probably guessed, $SPONGE is inspired by Spongebob Squarepants, the most popular children’s cartoon in history. As such, its primary goal is to become the “Krabby patty of meme coins,” or in other words, the next big crypto in the meme coin niche. The crypto launched at $0.000074, exploding to $0.0021 in a few days. It has since dropped to $0.00014, so if you invest right now, you might get huge returns by the end of the year.
4. Copium ($COPIUM) – Meme Coin That Makes Fun Of Crypto Investors
$COPIUM is another meme coin platform designed for entertainment purposes only. Its primary goal is to make fun of crypto investors who can’t cope with their losses after investing in the wrong cryptocurrencies. Like $SPONGE, $COPIUM was released in the wake of $ PEPE’s success, and even though it didn’t lead to the same gains, early investors got amazing returns days after the token went live.
$COPIUM tokens launched at $0.003353, and it took only 48 hours for the price to increase to $0.007226. After the initial pump and dump phase, $COPIUM dropped below $0.0004, so you can get the token at the lowest price ever if you invest right now. The only way $COPIUM can go from here is up, and if it explodes, token holders will be looking at some of the most impressive gains in the crypto space in 2023.
Shiba Inu FAQs
Does the Shiba Inu coin have a future?
As one of the top 20 cryptos by market cap, Shiba Inu will remain one of the most popular investment options for years. However, it won’t lead to explosive gains any time soon.
Will Shiba crypto go back up?
Yes, Shiba is expected to keep growing steadily, but without any sudden price surges.
Will SHIB recover?
SHIB tokens will get new use cases, and more will be burned to diminish supply and drive value. Therefore, SHIB will recover but won’t match previous all-time highs for years.
Will Shiba ever reach $1?
SHIB tokens had an all-time high of $0.000082 in early 2022. Considering that the platform lost over 60% of its value, it’s safe to say that SHIB will never reach $1, even according to the most optimistic price predictions.
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