price rally
Cryptocurrency

Why Shiba Inu Coin 800% Price Pump is Possible in the Near Future

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Shiba Inu Price pump has become an attractive phenomenon in the cryptocurrency market. This has enabled it to evolve from a new coin in 2020 to among the largest in the market barely 2 years since its launch.

What is Shiba Inu Coin 2022 Price prediction

A fete that even the largest and most famous coins such as bitcoin failed to achieve. Shiba hit an all-time high in October 2021 after getting to $0.00008 per coin temporarily surpassing its largest competitor Dogecoin in market valuation.

Although these good days remain just history now, investors are still hopeful there is a possibility of getting the price back. Back to its all-time highs.

Shiba Inu Price Pump

Among the key strengths of the Shiba Inu coin is its ability to rally in a very short period. As an example, it rallied 500% within a week to hit the all-time high in October 2021.

This potential together with a group of fanatic followers supporting the coin makes it a great candidate for another rally.

Currently, the coin is trading at an average of $0.00001. Hence, it requires an 800% rally to get to its previous high.

Some argue that SHIB best days are gone. However, you can not rule out cryptocurrencies yet. They have proven such analysts wrong in the past and could do the same now.

Shibarium

Shibarium is termed a game-changing development by the Shiba developers. This is because only a few coins have their blockchain networks.

Having its own layer 2 blockchain network will allow innovations and cost management of the coin and its sister products. Currently, the coin runs on the Ethereum blockchain that has some issues such as high gas fees.

With the network expected to come online soon, it could be the much-needed catalyst to propel the coin higher.

There is no doubt the next crypto rally could see a 800% Shiba Inu price pump. This will likely take it back to the previous high on the way to 1 cent coin.

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