Is Shiba Inu a Good Investment?

Key Takeaways

• Shiba Inu (SHIB) is a payment method on ShibaSwap and the Shibarium ecosystem. It was created in 2020 on the Ethereum blockchain.
• SHIB utilizes Ethereum's Smart contract to emphasize metaverse, NFTs, and other governance features, while its key competitor, Dogecoin (DOGE), runs on its own network.
• It is still doubtful whether SHIb will reach the $1 level as it has a huge supply. Also, its acceptance in several regulatory compliances could be a matter to consider.
• Based on Intellectia.ai's price prediction, SHIB is likely to reach the $0.000081–$0.0001553 price zone by 2027.

Introduction

Is Shiba Inu a good investment, or is it like other meme coins that are not long-term viable?

Shiba Inu is a popular coin created under the Ethereum blockchain, which has a presence in various sectors like NFTs, metaverse and governance. However, the future price of SHIB is still unclear as several factors, such as Shibarium partnership, circulating supply and price action, are unclear.

The market involves thousands of cryptocurrencies, so choosing the appropriate and potential ones to invest in becomes challenging. Thus, sufficient research is required to determine the best potentially profitable crypto as an investment suitable for various trading methods.

However, depending on various fact checks, Shib Inu is one of the most promising crypto assets. In this article, we will introduce Shib Inu and the key differences between DOGE, analysis, and prediction, as well as answer the most common questions about crypto assets.

What is Shiba Inu Coin?

Shiba Inu (SHIB) is a decentralised token held by millions worldwide as a community token. The inception period of this coin is late 2020, and it operates in the Ethereum-based blockchain network as a payment method. SHIB has gained significant traction from investors worldwide and is performing or accepted as a payment method in hundreds of locations around the globe, directly or through third-party payment solutions.

In August 2020, an anonymous entity named “Ryoshi” created SHIB and declared himself a nonessential nobody to enlighten his efforts when unmasking his identity. Due to its attractive features, the crypto asset gained significant attention from investors and achieved considerable gains in value and speed. Meanwhile, tweets and headlines from entities like Vitalik Buterin and Elon Musk further boosted the project's growth.

Many think Vitalik Buterin helped establish the SHIB liquidity in Uniswap. The community owns everything in the project, and the ecosystem continues to expand. After the project, Ryoshi stepped away as promised, passing the test of functioning independently without central management in mid-2021. The token is currently available on many exchanges, such as Binance, Coinbase, Houbi, etc., and supports ShibaSwap and other DEXs. You can also use this crypto or payment method to purchase NFTs.

As of this writing, the price of the SHIB token is near $0.00001236. Its 24-hour trading volume is USD 139,324,067, and its live market cap is USD 7.28 B.

How is Shiba Inu Different From Dogecoin?

It is a common question among traders: Should I buy Shiba Inu or Dogecoin?

Although both came as playful alternatives to cryptos, SHIB and DOGE are meme coins with some key differences. DOGE operates at its own PoW (proof of work) blockchain network, whereas SHIB uses the Ethereum blockchain network to operate, build, and utilise smart contracts. Most of the time, the use case of DOGE is for tipping or microtransactions. When SHIB offers an extensive ecosystem with its DEX, ShibaSwap, it also has a vision for the metaverse and other blockchain applications.

The table above reveals the key differences between SHIB and DOGE tokens at once for better understanding.

DOGE has BONE, a community token that allows entities to participate in community decisions through Doggy DAO. However, DOGE doesn’t have any structure that supports governance through user decisions. Due to Elon Musk's close support, DOGE has seen significant institutional interest recently, such as ETF applications by considerable investment firms. The creation period of DOGE is 2013. It was inspired by the very popular internet meme "doge" and features the Shiba Inu logo on it.

Meanwhile, Shiba Inu has an agreement with the UAE Ministry of Energy and Infrastructure to integrate ShibOS across the UAE. The partnership is primarily about leveraging ShibOS's blockchain structure and AI automation.

After the key comparison, the decision is yours. Is Shiba Inu coin a better investment than Dogecoin?

Does Shiba Inu (SHIB) Have a Future?

Shiba Inu (SHIB) is a potential crypto project that can be an adequate investment asset. However, some unavoidable factors, such as community, industry sentiment, regulatory challenges, competition, etc., must be considered to determine a potential investment crypto asset. For instance, many crypto experts predict that the development of Shibarium, a layer-2 scaling solution from Shib Inu, reflects the crypto's long-term growth potential.

Is Shiba Inu coin a good investment, and does it have a bright future?

Let’s see from the checklist:

• Community Behaviour: Shiba Inu (SHIB) is a governance token, so the community size and stability are key factors for the project. A sustainable and active community behind any crypto project reflects growth potential for the future. 
• Industry sentiment: If the crypto industry continues to grow, SHIB will undoubtedly grow. So, the overall industry sentiment is another crucial factor.
• Project development fact: Technology development for the project, such as a Layer-2 scaling solution, Shibarium, can boost rapid adoption and expansion, positively impacting the project's future.
• Regulatory challenges: Shiba Inu (SHIB) has already partnered with the UAE and operates in many other places around the globe. If the project continues to expand, it must positively impact its growth potential.
• Competition and volatility: Many crypto projects are already available, and many more are coming, so the project might face competition and must overcome it to maintain its position. Again, the project involves volatility, so it can be a risky investment or have the potential to make more within a short period.

Will Shiba Inu Coin Reach $1?

The chart reveals occasional spikes in the price that may create hope for investors as the price keeps hitting resistance levels. However, over 416 trillion SHIB has been taken by investors who might be seeking a loss recovery, and the token price must hit above 25% to beat their expectations. Research reveals that the token price might hit between $0.000081 and $0.0001553 by the end of 2027. 

A chart showing the possible price for the SHIB token within the next month, with a 30.24% upward possibility.

However, SHIB token reaching $1 per token means the capitalisation must reach nearly $600 trillion, which is currently an imaginary figure. The entire crypto market was valued at $3.9 trillion by the end of 2024. So, the price might rise from the level it is now, and the project continues to grow in the future, but hitting $1 within the next few years would be a miracle. Additionally, as the project has a token burning program, which is currently 14.4 billion per year, it might take 40,000 years to achieve the value of $1 per token.

Meanwhile, burning 3 trillion tokens a year might take approximately 200 years, with a big “if” possibility and dependable factors such as demand, expansion, adoption, innovation, etc.

Should I Buy Shiba Inu (SHIB)?

The Shiba Inu (SHIB) token has the potential to grow as a crypto asset and bring fortune to investors who follow efficient strategies. You can use Intellectia.ai's efficient investment and trading strategies for greater accuracy and to maximise your profitability.

The AI screener offers an overall outlook of the market based on the price anticipation for the next day. 

The breaking news covers the latest news affecting the crypto market so that you remains up to date about every potential movements.

However, to better understand the pros and cons of investing in Shiba Inu (SHIB), let's examine the facts.

Pros and Cons

Advantages or pros of investing in Shib Inu:

• Sustainable Community: Shiba Inu (SHIB) has a strong community support, which is very positive for the project's growth. 
• Transparent data: Since its inception, the supply and distribution data of SHIB tokens have remained transparent, which contributes to increasing investors' trust in the project. 
• Top meme coin: The SHIB token has already surpassed DOGE in market capitalisation during the previous bull run, which reflects that the project is on the way to positioning itself among the top meme coins. 
• Whale activities: The project already involves whale activities, with nearly 23.9% of top ETH whale wallet holders holding SHIB tokens, which reflects whale interest in the asset.
• Technology and Ecosystem development: The layer-2 scaling solutions, Shibarium development by Shib Inu (SHIB), give a potential boost for making applications and so on in the ecosystem. It could expand the operation and adoption, which are positive factors for the project's growth.

Disadvantages or cons of investing in Shib Inu (SHIB):

• Live support: Shib Inu has no live support feature for users to solve issues immediately.
• Competition: The project currently faces competition from notable players like Axie Infinity, Decentraland, Polygon, The Sandbox, and STEPN. So Shib Inu has to sustain itself in the competition and maintain its position. 
• Ethereum Ecosystem: Shiba Inu (SHIB) is an ERC-20 token, so any decrease in Ethereum's value can negatively impact ERC-20 assets. So, the overall health of the ecosystem is also a monitoring factor. 
• Fraud and volatility risk: The Shiba Inu (SHIB) tokens carry a risk of failure or fraud; the token itself is not a scam, but criminals can use it. The project also poses a volatility risk of rapidly changing prices. 

Technical and Fundamental Analysis 

The daily chart shows the price of SHIB is floating below the EMA 100 line, indicating current bearish pressure on the asset. The primary support is near 0.000011; if broken, the price might continue to decline toward the following support near 0.000007. Meanwhile, if the price bounces back above the EMA 100 line, crossing above the 0.00001450 level, it might hit the primary resistance near 0.000020.

Nowadays, technical analysis has become easy as most of the work can be done by AI, utilizing Crypto Technical analysis tools from intellectia.ai.

Fundamentally, the crypto market continues to grow and is experiencing massive adoption despite some regulatory challenges. However, the token burning program boosts investors due to its deflationary nature, as most tokens (589.24T SHIB) are in circulation. The live market capitalisation for Shiba Inu (SHIB) is $7.39 billion, making it one of the most valuable meme coins in the crypto industry. 

How to Invest in Shib Inu (SHIB)?

You can use many methods to invest in Shib Inu (SHIB) tokens, for instance:

• Long-term Investing: In this shiba inu investment technique, you can purchase a considerable amount of money and hold it in your wallet for a specific period to generate considerable profits.
• Short-term investing: You can use brokers or crypto exchanges that enable futures trading and make quick profits using those features. 
• Stalking reward: You can purchase the token and stake it in Shiba Swap or other exchanges to generate rewards over a specific period.

Conclusion

Shiba Inu (SHIB) is one of the popular cryptos, ranked 18th on CoinMarketCap. Although its dominance on the top crypto list, the question remains: is Shiba Inu a good investment?

Particularly, the asset has the potential to grow, but also involves some risks. Intellectia.ai enables sufficient research and key data for understanding and making investment decisions. The platform uses Artificial Intelligence for stock and crypto trading, and also delivers AI price anticipations for these trading assets. AI trading strategies and AI trading signals offerings from the platform make it attractive for investors who seek the right investment asset.