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Shiba Inu Price Prediction For 2022

Shiba Inu (SHIB) has essentially been an ERC-20 token since its inception and so far few people have really given it any real concern.

The meme coin adoption rate in 2021 has really exploded above expectations, resulting in significantly higher network participation and usage, and to keep booming, Shiba Inu will need more than it currently has.

Shiba Inu goes his own way

In response to the growing usage, Shiba Inu recently announced its own Layer-2 / Blockchain called Shibarium and aims to move the entire network onto this blockchain.

In addition, Shiba will also launch its own blockchain stablecoin called SHI and use BONE tokens as gas fees.

All of this is evidence that Shiba Inu takes very seriously developing its own ecosystem that can improve the performance of the network and establish SHIB as a major digital asset.

With Ethereum’s fee problems continuing, it was only natural for people to restrict their use for transactions. Currently, the cost per transaction on Ethereum is over $ 6, with a peak of $ 86. Shibarium aims to keep this as low as possible.

Ethereum gas fees | Source: EtherScan

So Shibarium can work if we take this factor into account. Additionally, SIHB price has skyrocketed this year, gaining 1.035% not only in a month, but also at one point of the top 10 cryptocurrencies by capitalization.

SHIB price promotion | Source: TradingView

Gas fee the focus is low

Additionally, Ethereum’s exemption from fee issues could lead Shiba Inu to see interest from private and institutional investors. A digital asset with a transaction cost lower than a certain minimum will explode.

Then we could also see more serious Shiba-Inu addresses, as currently only 50% of all addresses contain SHIBs.

Address Shiba Inu | Source: Intotheblock

So, once this goes well, Shiba Inu is sure to attract lots of capital inflows from new investors, offsetting the 57.42% decline to hit a new ATH in the near future.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.