SHIB (Shiba Inu) was created by Ryoshi, and launched in 2020. The Ethereum blockchain is associated with high gas fees, which is why SHIB developers have moved their tokens to other blockchains, such as Solana or Binance Smart Chain.
CoinMarketCap estimates Shiba Inu’s total supply as 589,735,030,408,323 SHIB. Shiba Inu (SHIB) is traded on a number of cryptocurrency exchanges, such as Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc among others.
SHIBA INU (SHIB) Price Prediction 2022
The price of Shiba Inu (SHIB) coin has been varying between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level in recent months, and touched the $0.00000618 support2 level and $0.00000949 support1 level.
Irrespective of this sideways movement in the price of SHIB, we can deduce the following:
1. The price of Shiba Inu coin (SHIB) is expected to breakout at the $0.00001967 resistance1 level, which was the history at that price. SHIB’s price might surge higher to the $0.00003178 resistance4 level before it reverses, due to the formation of a triple top.
2. Until a double bottom is formed, a reversal at resistance 1 may cause the price of SHIB to decrease further up to support2 level at $0.00000618. This could lead to a bullish reversal.
In the meantime, we are anticipating a bullish long-term Shiba Inu (SHIB) price prediction in 2022 since many psychological barriers are likely to be broken. We can expect SHIB to reach $0.00005 this year.