Shiba Inu Price Prediction: What Lies Ahead In 2023?

Shiba Inu is the world's 2nd most popular meme coin and the 14th crypto by market cap. It was released in 2020 and had one of the most extensive bull runs in cryptocurrency history. However, the platform struggled to surpass its lowest level of $0.00000597 for months due to a lack of utility. That could change with the upcoming release of Shibarium, a Layer 2 blockchain scaling solution signaling stable growth.

The platform is gaining more support among investors, and after consolidating at $0.000010, SHIB tokens entered a bullish phase lasting 45 days. Most predictions say that the token will keep gaining value by the end of the year, but the gains will be far from the potential shown by emerging meme coins like Sonik Coin and Wall Street Memes. So, let's look at the situation up close.

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Could Shibarium Drive Shiba Inu To The Moon?

Shiba Inu

Shiba Inu will introduce some massive changes soon, giving SHIB tokens higher utility while driving value to the platform. The Shibarium was announced years ago, during the metaverse frenzy, and it should go live soon as Shiba Inu's Layer 2 blockchain scaling solution. It will add another blockchain layer to boost scalability and increase transaction speeds. The additional layer should give Shiba Inu higher functionality, revolutionizing the entire ecosystem.

The Shibarium blockchain will provide users with a safe and open platform to create and trade all kinds of digital assets. It will also allow users to develop various DApps, adding even more functionality to the platform. However, the exact release date is still unknown, so it's hard to say when the platform will enter a bullish phase.

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Shiba Inu Investors Holding Longer

Shiba Inu was known for its bad design and poor token utilization, so the news about Shibarium and other essential community projects naturally positively affected SHIB token holders. Most investors reacted to the news positively, choosing to hold on to their tokens longer than before. Everyone is choosing to wait for the situation to develop, hoping for a significant price increase with Shibarium's release.

According to IntoTheBlock's on-chain analysis, Shiba Inu got over 3450 new long-term token holders and a new record of token holders peaking at 883,000. In other words, about 70% of Shiba Inu wallets choose to hold on to their tokens. Compared to the beginning of 2023, Shiba Inu got a boost of over 140,000 new token holders, proving that the crypto could rebound in the next few months.

Generally speaking, an increase in long-term holders holding on to their coins for over a year is a sign of bullish markets. The community is optimistic about the platform's future, and if everything works out as planned, SHIB tokens could get a significant price boost, but that's unlikely to happen in 2023. However, the increase in long-term token holders will likely keep the token's price around the current support level, avoiding sudden drops and potentially attracting more investors and long-term holders.

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Shiba Inu 2023 Price Prediction

Shiba Inu has a 24h trading volume of $453 million, ranking it the 11th most traded cryptocurrency in mid-August 2023. That's an increase of 65.20% in the last 30 days. It has a market cap of $5.67 billion, and it's ranked as the 14th cryptocurrency by market cap. The short-term analysis predicts an average of $0.0000089 by October 2023, but the token's value will likely stay in the $0.000009 to $0.00001 price range until the end of the year. In other words, SHIB token price predictions for 2023 put the coin between $0.0000085 and $0.00001, so there will be no significant growth.

However, a few emerging meme coins gearing up for a massive bull run that could result in 100x returns or higher are attracting investors in mass. So, let's see more about that.

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Sonik Coin - High-Potential Meme Coin Staking Platform

Sonic Coin

Sonik Coin is a new fun meme coin that should bring impressive short-term gains for all early investors. It's inspired by SEGA's video game character Sonic the Hedgehog, but it's more of a goofy, dirty-mouth version of the blue-haired hero. Sonik is slightly delusional, but his lack of intelligence and clouded judgment won't prevent him from becoming the fastest meme to reach a market cap of 100 million.

All jokes aside, the $SONIK token presale launched on August 15th with a hard cap of $2,098,547. The platform raised over $30k in the first 24 hours, and if everything works out as planned, it could repeat the impressive gains of PEPE, WOJAK, and SPONGE earlier this year. Sonik is primarily a staking platform, and it allows users to stake their tokens during the presale to get higher returns a week after going live.

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Wall Street Memes - Another Meme Coin Gearing Up For a Massive Bull Run

Wall Street Memes

Wall Street Memes is also a meme coin platform, but it's one of the most exciting memes to appear on the markets for years. It was developed by the Wall St. Bulls community that proved its worth in the past by pushing one of the most significant hedge funds out of business over the GameStop stock fiasco.

The project is created according to the best industry practices and is backed by a 1.1 million-strong online community. The $WSM token presale event has been an enormous success and has raised over $24.3 million in less than two months. The hard cap is set to $30.4 million, and the event shows no signs of slowing down. There is still time to invest in the $WSM token that's expected to become one of the highest gainers by the end of the year, so visit the official site and don't miss your chance to become one of the earliest investors to get the highest gains.

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Shiba Price Prediction FAQs

How much will Shiba Inu be worth in 2025?

According to the most optimistic price predictions, Shiba Inu could reach as much as $0,000028 by the end of 2025. However, the price range of $0.000019 is a more realistic outcome.