Shiba Inu Price Explodes By More Than 90% since Jan! Can SHIB double again?
Despite the sideways movement of the rest of the market, Shiba Inu price went up. Will we even see another doubling of the value soon?
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
Shiba Inu price has risen massively in the last few days. The second-largest meme coin was able to continue its upward trend over the past few weeks. Despite the sideways movement of the rest of the market, Shiba Inu coin went up. Will we even see another doubling of the value soon?
The SHIB course has risen sharply in the last month. From $0.000008, it went higher towards the current price of $0.0000152. This means that SHIB made around 92% since January 2023.
The recent increase in the last few hours came as a bit of a surprise, since the Bitcoin price and the other cryptocurrencies have not increased in price during this time. This makes the Shiba Inu Coin the only major coin that has risen so strongly during this time.
Why is Shiba Inu coin up?
In the last few days, we have seen more of a sideways movement on the market. So the breakout of the Shiba Inu coin came as a bit of a surprise. But the gains are arguably related to the impending launch of the Layer 2 scaling solution called Shibarium. The start of the beta mainnet should be imminent.
This upcoming start has already caused a stronger increase in the Shiba Inu course in the past few weeks. Since the beginning of the year, the price has increased by more than 80%. The SHIB Coin has thus risen to 12th place among the cryptocurrencies and could actually climb back into the top 10 soon.
Can the SHIB price double again soon?
At the moment the hype about the meme coin is big again. In addition to launching Shibarium, the network also has a token called ShibariumAI, a new ERC20 token. This token alludes to the hype surrounding artificial intelligence in recent weeks. So there are some exciting developments at Shiba Inu right now that are driving the price up.
Should this development of the price continue in the coming weeks, a doubling could even be imminent in the next few weeks. A lot will also depend on the development of the overall market. If the market remains bullish in February, the Shiba Inu coin could continue to rise strongly in price.
Shiba Inu Prediction for February 2023
Most analysts predict that the month of February 2023 is going to be green. If this happens, SHIB token can soar even higher. However, making another 100% return in February is a hard task and not even likely. Here are the targets as per the Shiba Inu prediction for February 2023:
- $0.000016
- $0.000018
- $0.000022
How to Mine Shiba Inu?
As stated previously, Shiba Inu operates on the Ethereum blockchain. Since Ethereum moved from PoW to PoS, there is no more mining for Ethereum or any other token that operates on the Ethereum blockchain. Hence, you cannot mine Shiba Inu anymore. However, you can stake Shiba Inu.
Shiba Inu Coinbase – How to Buy?
Coinbase is a good exchange that offers Shiba Inu coin as an option to buy and sell. You’ll always be in charge of your SHIB holdings. You only receive incentives while keeping your cryptocurrency secure with Coinbase; your SHIB never leaves your account.
You can start buying and selling right away by simply purchasing SHIB on Coinbase or adding SHIB tokens to your Coinbase account from an external wallet. To start right away, create a Coinbase account here.
CryptoTicker Podcast is HERE!
Every Wednesday, you can tune in to the Podcast on Spotify , Apple and YouTube. The episodes are perfectly tailored for a duration of 20-30 minutes to quickly and effectively familiarize you with new topics in a fun setting on the go.
Related articles
- Shiba Inu Price Prediction: How High Can Shiba Inu reach Short-Term?
- SHIB Price Prediction: Will the Shiba Inu price 500x in the Next 7 Days?
- Shiba Inu Prediction Amidst Market Chaos: Is $0.0000050 the Next Stop?
- How High can Shiba Inu go this 2024?
- Shiba Inu (SHIB) Price Prediction for November 2023: Will SHIB Soar High Again?
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
September 14, 2023 7:21 AM
How High Will Shiba Inu Price Go Before Christmas 2023?: SHIB Price Boom Is Closer Than You Think! READ THIS…
Using the provided data, we can glean some insights into the potential trajectory of Shiba Inu Price. Let's take a look at this.
June 21, 2024 5:06 PM
Shiba Inu (SHIB) Price Prediction: Promising Developments In The Near Future?
Shiba Inu (SHIB) future looks promising with the latest developments, including major token burns, strategic Web3 sponsorships, and optimistic price predictions.
June 25, 2024 6:26 PM
Solana Price Prediction: Will SOL Surpass 200$?
Why Solana, Shiba Inu, and Cardano are poised for a major rebound, according to the latest market analysis. Can Solana capitalize on the buy signals and reach a new price target?
May 20, 2024 10:19 AM
Will Dogwifhat (WIF) Price Still Go Up To Reach $5?
Dogwifhat (WIF), a meme coin based on a viral Shiba Inu meme, is making headlines with its skyrocketing value. What price to expect and what are the support levels now?
March 17, 2024 2:46 AM
Shiba Inu Price Prediction as Bitcoin Surge Down below $70,000
Explore Shiba Inu's market trends, price predictions, and its stance as Bitcoin dips below $70k. What's next for Shiba Inu?
January 30, 2024 3:03 PM
Shiba Inu Burn Rate Surges by HUGE 1300%: What’s Next for SHIB Price?
It's a burning spree that's set the crypto community on fire with excitement. Will the SHIB price increase?
October 17, 2023 8:57 AM
Shiba Inu Price Could Reach $1 in the Next 6 Months: Here’s What Needs to Happen
This article will explore the implications of such a move and the conditions required for Shiba Inu Price to reach the elusive $1 mark
October 6, 2023 9:48 AM
Shiba Inu Price in Trouble? Token Burn Rate Crashes – What’s Next?
In this hourly Shiba Inu Price update, we delve into the latest numbers and analyze what they mean for the future of this coin.
November 29, 2022 9:40 AM
Shiba Inu Price Prediction – How Far Will the SHIB Go?
What is the Shiba Inu price prediction for the end of 2022 after consolidation? Let's take a look at it in more detail.
September 25, 2022 12:02 PM
Shiba Inu Price is about to Increase because of THIS indicator!
Will Shiba Inu increase in prices soon? Not likely, but let's analyze in this Shiba Inu price prediction article.
June 16, 2022 8:07 AM
Shiba Inu Price Prediction – Is SHIB dead?
Is SHIB dead? In this Shiba Inu price prediction, we’re going to technically study the SHIB token. Let's take a look.
March 1, 2022 3:23 PM
Shiba Inu COMEBACK! SHIB Price explodes 15%, Buy $SHIB?
Is it a good time to buy Shiba Inu tokens? Should you buy SHIB today? In this article, we look closely at SHIB prices and analyze if it's a good buy.
August 22, 2023 9:28 AM
Danger: Shiba Inu Crashed -20%! Is it the END of Shiba Inu?
Will Shiba Inu soar to $0.000011 or is a downfall to $0.0000050 more likely? Let's analyze in this Shiba inu price prediction article.
August 5, 2023 7:27 AM
Shiba Inu price prediction: When will Shiba Inu reach 1 cent?
When will Shiba Inu reach one cent? Let's take a look at this Shiba Inu price prediction article in more detail.
June 25, 2022 8:32 AM
Shiba Inu Price Prediction – Shib Price is Up, Will it Continue to Climb?
In this article, we look closely at Shiba Inu price prediction and evaluate whether it’s a good sentiment to buy or should we wait.
November 8, 2023 11:20 PM
Ethereum Price Prediction as the Market Stagnates…Will ETH GO UP?
Ethereum increased by more than 20% in the past 2 weeks. Will Ethereum price go higher? Let's analyze in this Ethereum price prediction.
March 7, 2024 8:09 AM
BIG FET Price Prediction: Fetch.ai Price Eyeing $5 Before Bitcoin Halving? Here’s Why..
Could Fetch.ai possibly hit $5 before the Bitcoin halving? Let's delve into this FET price prediction piece and explore it further.
February 8, 2024 2:55 PM
Will the Shiba Inu price 100x during this bull market?
The Shiba Inu price has experienced substantial losses in recent months, and the excitement of 2021 has waned.
September 22, 2023 1:35 AM
Ethereum Price Prediction: Can Ethereum Surge Above $1,800?
What lies ahead for Ethereum? Can Ethereum reach $1,800? Let's dive into this Ethereum price prediction for insights.
September 4, 2023 7:45 AM
Bitcoin Price Prediction: Bitcoin’s Price Could Explode to $50,000 in Just 6 Months!
What makes us foresee a significant uptrend in the upcoming months? Let's take a look at this Bitcoin price prediction article.
January 27, 2023 5:16 PM
Ethereum Prediction for February 2023 – Are things looking good for ETH?
Will Ethereum price continue to rise or will there be a crash? Let's analyze in this Ethereum prediction for February 2023.
January 17, 2023 5:49 AM
Can Avalanche Price hit $100 in 2023?
What is the AVAX price prediction in the first quarter of 2023? Can Avalanche price hit $100 in 2023? Let's take a look at it
October 18, 2022 5:48 PM
When will Bitcoin reach $100,000? The year is NOT Near!
When can Bitcoin reach 100k again? (Hint: not anytime soon). Let's try to assess in this Bitcoin price prediction article.
June 30, 2022 8:44 AM
Will Bitcoin Price reach $10,000? Very Possible, Here’s why!
Now that Bitcoin reached a price of $19,300, will Bitcoin price reach 10000 USD? Is the crypto crash still happening? Let's analyze.
May 28, 2021 12:42 PM
Shiba Inu Price Prediction – is this Coin still Worth it?
Today, Shiba Inu's price is around its lowest since the pump. Is Shiba Inu crypto still worth buying? Should you Buy SHIB?
February 26, 2021 1:08 PM
Bitcoin crashes 6% again – What’s going on with Cryptocurrencies?
What's going on with Bitcoin's price & where can prices reach? Bitcoin crash affected the whole cryptocurrency market. Is this a bad signal?
February 17, 2021 11:01 AM
Don’t Buy Bitcoins right now, here’s why
ust three months after reaching $20,000 for the first time ever, Bitcoin hit another impressive milestone, climbing above USD 50,000 for the first time ever yesterday. After hovering at $10,000 for most of 2020, Bitcoin has more than quadrupled its value since October 2020. Over the past 24 hours, the crypto market is mostly recovering from a red day, as the majority of the top 10 cryptos were deeply in the red. Although Bitcoin's price is seen soaring high, there are several reasons why it is better NOT to buy Bitcoin at current prices, not because we don't like Bitcoins, but because...well that's what we're going to discuss in this article:
More from CryptoTicker