Shiba Inu Price Prediction – Can SHIB Rally Again in 2023 or is it Time to Short This Meme Coin?

As the whole crypto world continues to make its recovery from the mess that has been 2022, many fans of the joke token are left wondering whether SHIB will also ride the wave of success.

Released in 2020, Shiba Inu was created as a decentralized ERC-20 token on the Ethereum blockchain that would serve as an alternative to Dogecoin (DOGE).

Shiba Inu has managed to break the $0.00001 resistance in the middle of January and is still hovering around that price point with no significant changes in the last 30 days.

SHIB has seen over a 50% spike in value at the start of the year, but that momentum quickly died off. New more impressive meme coins such as Love Hate Inu (LHINU) are hitting the market, too, which adds yet another threat to the future prospects of Shiba Inu.

Some investors are even saying that Shiba Inu is dead and that those bullish spikes only occurred because of the so-called “January effect”.

Others disagree and expect the upcoming release of the Shibarium network to spark new bullish rallies.

Investors agree upon one thing though – that the new booming presales like Fight Out (FGHT) , C Charge (CCHG) and RobotEra (TARO) are more likely to bring massive returns.

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Shiba Inu Price Prediction 2023 – Will the Release of Shibarium Spark new Rallies?

Over the last 14 days, Shiba Inu’s price has decreased by a 10.8%, spiraling down to $0.000012 point.

One of the main reasons for Shiba’s lousy performance is its lack of utility, while the project may have started out as a joke token, little to none was done in order to add more utility to the project.

Shiba is far behind its all-time high (ATH) of $0.000086, with the trading price at the time of writing set at $0.000012.

Besides the bearish trends lately, there is still some possibility for Shiba Inu to get back to its old glory with the release of Shibarium.

Shibarium is the long-expected expansion in the Shiba Inu universe. It will primarily serve as a scaling solution, which will allow Shiba to run better with higher demand on its system.

Another feature that Shibarium will introduce to the network is the burning mechanism. Experts predict that burning will significantly influence the price of the meme coin.

To gain a better perspective of the expert’s opinion on the future of SHIB over 2023, we’ve prepared a quick chart for you.

Q1	$0.000015
Q1	$0.000021
Q3	$0.000029
Q4	$0.000034

As you can see, the future is not so grim for the meme token, but for now, you should only consider it as a long-term investment.

It’s time for us to move on to the analysis of a couple of projects that will most likely outperform SHIB.

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Love Hate Inu (LHINU)

A great new meme coin called Love Hate Inu (LHINU) has just hit the market, launching its presale for investors to get in on the ground level. This amazing Vote-2-Earn (V2E) project is providing a safe space for people to share their opinions on things of the day that matter most – whether it be entertainment, politics, social issues or more.

All the while, users on the platform will be able to earn impressive rewards for participating. All of this is built on blockchain technology, which ultimately ensures that the process is secure, transparent and fair.

The online survey market is being completely disrupted by Love Hate Inu, since there are impressive rewards that go along with it. As an investment, LHINU is likely to explode in value quickly, thanks to the power of word of mouth that can spread like wildfire online. That’s exactly what’s happening with this new meme coin project already, as it looks to follow in the footsteps of some impressive projects like it such as Dogecoin, Floki and Tamadoge.

Love Hate Inu just opened its presale period, which presents the best value for investors. But, act quick because it won’t be in presale for long before a DEX launch.

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Fight Out (FGHT)

Fight Out is an innovative crypto project that integrates blockchain, Web3 technology, and practical use cases to create a comprehensive workout platform for fitness enthusiasts.

Unlike other move-to-earn (M2E) platforms that can only monitor basic physical activities such as walking, Fight Out will be able to monitor much more complex exercises, like weightlifting.

What really sets the Fight Out apart is its unique approach to tracking fitness progress, through the use of NFT avatars that reflect real-world progress.

This cutting-edge feature allows users to keep track of their fitness journey in a more personalized and engaging way.

In addition to the online platform, Fight Out has ambitious plans to launch its own gym chain in Q4 2023. This will provide users with access to premium equipment and the opportunity to showcase their NFTs in a physical setting.

If you want to maximize your profits, buy the FGHT token now while it’s still in the presale phase!

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C+Charge (CCHG)

C+Charge is a green crypto project that wants to promote environmentally conscious choices.

Project’s main goal is to incentivize EV drivers to charge their vehicles at designated C+Chargers by rewarding them with carbon credits.

Additionally, CCHG is developing an application that will aid drivers in locating available charging stations and provide them with information regarding potential waiting times.

The heart of the platform will be the $CCHG token, which will be used as a native currency for all in-app transactions.

Notably, industry experts have expressed their confidence in C+Charge's potential to emerge as the top contender within the eco-friendly cryptocurrency arena.

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RobotEra (TARO)

RobotEra is a new project in the Metaverse P2E space that distinguishes itself through its innovative ideas and employment of top-notch blockchain technology, offering players the ultimate gaming experience.

To embark on their adventure within the Metaverse, players must acquire their own NFT robot, enabling them to explore any one of the seven unique continents available to them.

Additionally, the game provides various opportunities for players to generate income, such as mining NFT land and subsequently trading it with other users.

The novel concepts behind RobotEra have gained considerable attention among P2E enthusiasts, with many speculating that it could transform the P2E space for the foreseeable future.

Make sure to be quick and buy TARO while it's still at its presale stage, because the price will increase significantly once RobotEra hits the market.

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