Shiba Inu is eyeing a 15% upswing before the end of February 2022

Feb 25, 2022

They say ‘every dog has its day’. But for Shiba Inu, the whole year is it’s. Yes, after recording a whopping 2,50,00,000% price surge last year, SHIB was the talk of the town.

Factors Triggering Shiba Inu’s Price Rally The most recent scenario that helped Shiba Inu experience a 50% price surge in the first week of February was its acceptance as a payment method in a fast-food chain. On the other hand, speculation around SHIB entering the metaverse has also created a buzz.

But Shiba is not making a straight line in the price graph. Its value keeps swinging back and forth. After reaching a record high last October, SHIB’s price declined drastically.

Why Metaverse and NFTs Matter for SHIB’s Growth? Metaverse and NFTs are the recent trending topic among tech and blockchain enthusiasts. Therefore, not just Shiba, every cryptocurrencies’ presence in the disruptive ecosystem is important for its growth.

At the time of writing, Shiba was valued at US$0.00002183 with a market capitalization of US$11.99 billion. Since its peak at US$0.88 at the end of October, SHIB has listed more than 75% of its value and other cryptocurrencies have also fallen sharply.

The prediction suggests that SHIB will touch US$0.000084 in Q1 2022 and continue to grow to US$0.000088 by Q3 2022.