Cryptocurrency

Why Shiba Inu Remains Among the Top Coins to Watch This Year

This post may contain affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.

market

Perhaps you have already written off Shiba due to the ongoing price fall. However, you could be wrong as the coin could be in for a big surprise. This will explain why Shiba Inu remains among the top coins to watch this year.

What is Shiba Inu Coin 2022 Price prediction

With 2022 almost halfway done, the performance of the Shiba Inu coin can only be termed as below average. For a coin that almost broke the wallets last year, trading at 80% of its ATH is not exciting. However, could this be a setup for something even bigger?

Shiba price volatility

Shiba is among the most volatile coins in the market. No wonder it is also among the most famous and sometimes records some of the biggest volumes in the market.

This amount of volatility is part of the reasons we are experiencing low prices, although this is common across the market. However, it also reminds us that the coin could also take advantage of volatility to shoot. As an example, in the last rally, the coin recorded a 500% pump in just a week.

Hence, I beg you not to write off a coin that takes off like a rocket.

Shibarium

Shibarium could be the much-needed rocket fuel to catapult Shiba back to the times of glory. Much of the grapevine foretells a story of a revolutionary innovation that will shock the market.

Although the go-live date remains speculation, most of the signs indicate it could be ready this year. The developers are marketing Shibarium as the upcoming layer 2 Shiba blockchain solution that will help separate the coin from the challenges of the existing layer 1 Ethereum blockchain.

The closest we have come to Shibarium is the recent announcement by the lead developer Shytoshi Kusama that the launch could happen soon. This came when Kusama was responding to a curious SHIBARMY member question on when Shibarium will be ready.

4 Things You Need To Know About Shiba Inu Coin

Sorry for that distraction. However, Shibarium will help the coin avoid the persistent high gas fees challenges on the Ethereum blockchain. It will also allow the coin flexibility and freedom in scaling up its ecosystem.

Talking about the ecosystem, don’t forget Shiba has one of the most diverse ecosystems in the market.

Shiba Metaverse

This is another product that confirms the Shiba ecosystem is expanding. Just last month, Shiba did launch its first metaverse product allowing investors to invest in virtual land.

Let me accept that the metaverse concept remains strange to most investors. However, investment teaches us to follow the money. Hence, for any doubter out there, it’s real and investments are already happening in the industry.

Shiba is in the process of launching more than 100,000 metaverse plots after its first step where it launched 36,000 plots.

Shiba metaverse is another key factor as to why Shiba Inu remains among the top coins to watch this year.

Why Shiba Inu remains among the top coins to watch this year?

These factors are likely to attract investors to the coin. For a coin that existed a year ago merely as a meme coin, we can all agree it has made tremendous milestones.

When you combine this acceleration in developments and its hidden potential to shoot at price, only then you should realize the coin can do wonders in a matter of days.

With the coin trading at its lowest for many months, perhaps you should use this moment to buy the dip. Or as some say, make hay while the sun shines.

It could just be among the best decisions in your lifetime.

Share
Tweet
Share
Pin