Today, I’ll talk about my thoughts on what the future may hold for the global crypto market and how it will evolve as we move into 2022 and beyond. Here’s some of what I’m thinking. You can read more below!
Shiba Inu (SHIB) is a cryptocurrency that was founded in 2013 and has since grown to be one of the most valuable digital assets available today. It aims to provide its users with an investment incentive that is not tied to interest rates or inflation. Unlike Bitcoin which is mined by computers, SHIB is a deflationary medium which means you only receive your token when other tokens are worth something. When someone holds your stake, they have security because their value does not fluctuate over time due to demand and supply pressures. Additionally, unlike BTC that has been “overbought” and many projects have been created which makes it harder to mine for its specific token, the SHIB coin does not suffer from this issue. However, unlike many other currencies, there are no official websites that make it easy for people to buy or sell SHIB without going through any intermediaries. This could potentially lead to greater decentralization of financial services such as buying and selling, which would allow us to improve our economy immensely. That said, if the right players come together and develop innovative solutions like NFTs, we see great potential for these transactions and transactions as much as they do for fiat currencies.
When asked about where the Shiba token price could go in 2025, Shiba CEO Masayoshi Son replied that he believes the “price of bitcoin will decrease to 1/100 of its current price, and prices will be lower each year for 10 years. He also states that Bitcoin will keep being the best performing asset in the long run. While this sounds optimistic, it doesn’t take away from the fact that as the world warms and central banks devalue their currencies, shibinum will experience extreme volatility just like bitcoin does. Additionally, while all major economies are facing monetary problems, it isn’t enough to simply print more money to solve them. Instead, countries should work together to find new ways to fund innovation in order to create wealth for everyone or at least maintain stability in an increasingly unstable environment. For example, instead of creating another dollar or yen to finance research and development, we should focus on helping developing nations access economic growth via emerging tech. Although Son’s comments are optimistic, his forecast of the future price for SHIB is not. According to CoinMarketCap, the current price of bitcoin is $24K (0.0023 USD). However, looking back to 2014, the price of bitcoin dropped to around $4K (0.0434 USD). Therefore, we can see that cryptocurrency is highly volatile and that Bitcoin continues to be better suited to the short-term needs of day to day investment. As with any investment instrument, the true measure of success is whether it exceeds expectations by giving investors a return on their money. If we look back five years prior, we see that Bitcoin never reached its historic highs and subsequently suffered severe losses. Ultimately, it peaked at $21K (0.0826 USD) but was unable to recover to previous levels. From here, we can see that although things could change quickly, it is still much better if a long-term plan for investing is put in place.
In terms of predictions for SHIB, I believe that the current trend for increased adoption should continue until we see the next bullmarket or bubble burst. With this in mind, I think we can expect the average price of SHIB to reach $1 by the end of 2024. However, this number may differ depending on factors including market fluctuations, demand trends and the amount of SHIB used during this period. One factor is the ability of centralized exchanges to accept more than 1 billion dollars worth of Bitcoin per day which indicates that more widespread use can increase the availability of liquidity and reduce congestion. Another possibility is a significant drop in the valuation of cryptocurrencies and so many projects entering the game. Unfortunately, both these scenarios point towards even further consolidation of smaller coins like those within the altcoin space. By understanding both these points, users can decide to trade and invest accordingly. To me, there is little reason why the SHIB price cannot become stable in the near term and then soar past $1 in 2027.