Shiba Inu price has increased by 3% in the past 24 hours, reaching $0.00000845 looking forward to the upcoming launch of the Shibarium tier two scaling network. Its current price represents a 6% gain in a week, even as the meme token remains down 10% in a month, with enthusiasm for Shibarium still not doing enough to fully offset weeks of market negativity.
However, the upcoming launch of the second tier scaling solution proves it Shiba Inu seriously wants to be more than just another ancillary crypto meme, which is also indicated by its long-awaited metaverse. Therefore, SHIB really could be one of the better coins to watch this year, with significant rallies potentially in sight.
Is it too late to buy a Shiba Inu? Cryptocurrency experts provide their price predictions for SHIB in 2023
Based on the SHIB price chart, a rebound is long overdue to correct selling months. Its Relative Strength Index (purple) has spent months below 50 (or lower), although its recent rally suggests we may be at the start of a recovery.
Likewise, its 30-day moving average (red) has remained below its 200-day average (blue) for most of the last 12 months, again indicating that he should really take some time off and come back again in the near future.
Recent developments within the Shiba Inu ecosystem suggest such a breakup may be closer than some realize. As mentioned above, the Shibarium network is expected to launch its beta in the coming weeksthough his team didn’t provide a specific date or window.
This is an important development for Shiba Inu, as the Ethereum-based cryptocurrency has so far suffered (like many other platforms) from relatively high Ethereum gas fees. However, with the launch of Shibarium it will become much faster and much more convenient, which should facilitate greater adoption and use of SHIB.
The Shibarium launch will come at just the right time for the Shiba Inu, who is also eagerly awaiting your own metaverse. The latter continues to be developed steadily, with its team releasing a steady stream of concept art and demos in 2022, while welcoming the new year with the promise that “we can’t wait to share more development” on the road to the future. ‘Start.
Assuming the SHIB metaverse launches this year, it will cause a big SHIB gathering. Indeed, the altcoin, for example, saw a 58% increase in early February following the knock-on effect of its metaverse announcement.
Also jumped 25% between mid-March and late Marchwhile the month of August was characterized by an increase of 64%, meme tokens down from $0.00001032 to $0.00001695 in days. That’s because the metaverse team has shared new updates, suggesting that the release of the platform will cause a massive rally.
For community members, SHIB is projected to reach $0.001 this year. This would imply a gain of more than 10,000% over its current pricewhich is not impossible, but would almost certainly mean that SHIB should be the top-100 best performing coin of the year.
In the short term, some analysts are predicting that SHIB could see a 30% rally by the end of January to around $0.000011, i.e. lose a zero.
Alternatives to presale
While SHIB probably has the best chance of enjoying a rally this month among major cryptocurrencies, there are a handful of new altcoins that could surge in the coming weeks. Notably, cryptocurrencies that are pre-selling right now could see big rallies once they see their first quotes on the exchanges, which was very profitable last year, despite the bear market.
For instance, Lucky Block (LBLOCK) recorded a fairly significant increase estimated at 6000% in February, up from its presale price of $0.00015. To give another example, Tamadōge (TAMA) is up 1,800% from its presale price in October, when it listed on OKX.
The three altcoins below are still in the process of holding their respective token presales, but these will end soon, giving early investors a chance for above-average earnings.
Running on Ethereum, Fight (FGHT) is an ambitious movement platform to earn that combines real workouts with Web3. Drawing inspiration from previous M2E platforms like STEPN, it will track and reward a wide variety of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL classes in its own gyms.
Launched last month, its token sale has already raised more than $2.6 million1 FGHT is currently worth $0.0166 (although this price is set to go higher). Investors can participate in the pre-sale by visiting its official site and linking their wallets Connect Wallet or MetaMask.
Dash 2 Trade (D2T) – Last Chance to Buy
Click 2 Exchange is an Ethereum-based trade intelligence platform scheduled to launch in the coming months. It will provide real-time analytics and social trading data. It offers investors of all experience levels all the resources and tools they may need to improve their trading performance.
The pre-sale of its D2T token raised more than $13.6 million and indeed it ended, but the Dash 2 Trade team is now hosting an overfunding round before the listing of D2T on January 11th. It has already confirmed listings on BitMart, Changelly Pro and LBANK Exchange, with more to follow.
C+Load (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations, which aims to democratize access to carbon credits. Operating on the BNB channel, it has launched the sale of its native token CCHG by the end of the year 2022, the CCHG to be used within its network by electric vehicle owners to pay for the charging of their vehicles.
C+Charge will also reward users with carbon credits for charging their electric vehicle at its stations. The platform has already signed an agreement with Perfect solutions Turkeyadding 20% of EV chargers in Turkey to its network.