Speculations are on the rise as many predictions are put forth upon the Shiba Inu , the SHIB coin. It is predicted that the price of Shiba Inu coin will reach a target value of 1 USD.
DJ JY on SHIB
Amidst the fact that SHIB dropped down about 5% recently, it has not lost its charm though. It now got the attention of the famous U.K rapper DJ JY. He’s definitely intrigued by SHIB which made him tweet upon it.
Upon his tweet, it’s evident that he has been keeping an eye on SHIB. Launched just last August, Shiba Inu (SHIB) subsequently followed the footprints of Dogecoin. Investors did see a potential profit on SHIB last month until it fell back to 5% down about 2 weeks ago. The attention received upon SHIB from DJ JY will set his 43,000 plus followers on twitter to go and seek themselves regarding SHIB. Being priced not even a penny, investors will be pouring in for sure. SHIB for sure has gained a good amount of popularity through DJ JY’s tweet on it.
Future of SHIB
When Shiba Inu coin was launched initially last year August, it featured just as a replica of Dogecoin. Contrary to the fact that the mascot of Dogecoin, the Shiba Inu Japanese breed of dog is the name for SHIB. Regardless of all contradictions, Shiba Inu proclaimed itself as the ‘Dogecoin Killer’ openly making Dogecoin its sole rival. Though SHIB has not yet been able to match up to the Dogecoin which is supported by Elon Musk profusely, SHIB more or less maintains a significant place in the market. SHIB managed to reach the list of top 20 altcoins within a short period of gradual budding. Its growth could be apparent as the largest crypto exchange Binance added it.
Even though the price of SHIB is less than a cent, the momentum for it now has reached more than 3.4 billion USD ever since its launch. This is a vital sign stating the base of SHIB is firm and strong. It set forth SHIB to reach its sole target of USD 1. Apart from the investors being hopeful and pragmatic about it, analysts have also put forth that the price of SHIB will double up massively soon.
News is circulating around the market regarding Shiba Inu coin developing its own new decentralized exchange. Most such decentralized trading platforms are now facing immense success in the decentralized finance DeFi market. If Shiba Inu’s decentralized exchange just gets even a small ray of success as other trading platforms like Uniswap, this will slingshot SHIB to USD 1 target.
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