Shiba Inu is an ERC-20 token that entered the market in August 2020. While it was only created to ride on the growing popularity of Dogecoin at the time, Shiba Inu later became one of the best-performing cryptocurrencies ever created, going up by over 48,000,000% by the end of 2021.

In this article, we seek to answer the question, is Shiba Inu a good investment in 2023?, we will look at Shiba Inu’s performance over the years and analyze the top brokers where to buy Shiba Inu.

Is Shiba Inu a good investment? An Overview

With the high volatility characteristic of the cryptocurrency market, it is not easy to answer the question, “Is Shiba Inu a smart investment?” That said, there is enough data in the historical price to help you decide whether SHIB is a good cryptocurrency to buy now or not. 

Shiba Inu is a meme coin that was ideally created to capitalize on the hype around Dogecoin in 2020. However, besides its status as one of the best meme coins in the market, Shiba Inu has seen its use value over time. For instance, the Shiba Inu team recently introduced a layer-2 solution that will help in scaling, making it even better for everyday payments. Shiba Inu also recently introduced a Metaverse, giving it a footing in a fast-growing market. 

Despite its growing fundamentals, is Shiba Inu a good investment?

As cryptocurrencies continue to gain mainstream adoption, Shiba Inu is one of those that will likely see a surge in demand due to its strong community. 

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How Shiba Inu has performed from launch to date

Before you invest in cryptocurrency, it is best to look at its price action over time. This can give you an idea of how it performs in bull markets, a critical component in understanding future price potential. 

Shiba Inu entered the market in August 2020 and was trading at $0.0000000010. Shiba Inu quickly gained momentum, and by May 2021, it was trading at a high of $0.000038. 

Like the rest of the market, Shiba Inu entered a correction in June 2021 to August 2021, when Ethereum gave upside momentum to the broader market. Shiba Inu kept gaining upside momentum and in November 2021, made an all-time high of $0.00008. 

This means that from the time Shiba Inu hit the market in August 2020 to its all-time high of November 2021, Shiba Inu gave investors a 48,000,000% return on investment, a pretty unprecedented return. 

To give you context on what this means, anyone who had invested just $2 in Shiba Inu when it first launched was a millionaire when SHIB made its all-time high in 2021. 

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Shiba Inu Price

From the above analysis, you learn that if you had chosen to invest in Shiba Inu anywhere between 2020 and 2021, you would have got in between $0.0000000010 and $0.00008. It is also noteworthy that despite the bear market and the volatility of the cryptocurrency market, Shiba Inu has not traded below $0.000008 since January 2022. This means anyone who bought into Shiba Inu when it first launched is still thousands of percent in profit despite the bear market. 

That said, Shiba Inu has dropped quite significantly from its 2021 all-time highs. As of October 2022, Shiba Inu was down by more than 80% from its most recent highs. This price drop results from rising inflation and the war in Ukraine, which has created a lot of uncertainty in the world economy.

Even the bigger cryptocurrency, such as Bitcoin, which would be considered crypto blue chips, has taken a hit in 2022. Most are also more than 70% off their November 2021 highs. 

Shiba Inu Highs and Lows

Up to this point, we have looked at Shiba Inu’s price action from when it hit the market and explored whether it is a good cryptocurrency to buy in 2023.

Let’s now review Shiba Inu’s highs and lows to give you a clearer picture of its price action. 

• Shiba Inu enters the market in August 2020 – $0.0000000010
• May 2021 – $0.000038
• June 2021 – Shiba Inu enters a bear market and drops to $0.0000053. 
• November 2021 – Shiba Inu recovers and makes an all-time high of $0.00008

From these ups and downs, you clearly know Shiba Inu works. You get an idea of whether Shiba Inu is a good cryptocurrency investment in 2023. That said, you need to understand that cryptocurrencies are volatile and high-risk investments. It is best only to invest what you can afford to lose. 

Shiba Inu Price Prediction

So, is Shiba Inu a good investment? As we have shown you so far, you need to understand its price movements to have a good idea of its potential price action. However, it’s still highly speculative as it is based on past price action. 

With this in mind, let’s now look at how Shiba Inu could perform going into the future. Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023.

In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally. This is anchored on past price action after every Bitcoin halving. 

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Shiba Inu Utility – Is Shiba Inu a good investment? 

Shiba Inu is one of the many meme coins that entered the market in 2020 when FOMO started building up around Dogecoin. It gained traction quite fast and rose to become one of the hottest meme coins ever created. Besides its status as a meme coin, Shiba Inu use cases are on a growth trajectory both as a transactional currency and in the emerging metaverse space. 

At the moment, Shiba Inu has a higher utility value than Dogecoin. With its Shibarium layer-2 solution, transaction costs are getting lower, which means a higher potential for adoption as a currency. Besides, with the recent launch of the Shiba Inu Metaverse, a lot more people are likely to be attracted to Shiba Inu as NFT gaming gains traction. 

To make things easier for you, here is a summary of the core Shiba Inu use cases that make it a high-potential cryptocurrency to buy in 2023:

• Shiba Inu is improving as a currency thanks to a recently introduced scaling solution.
• The Shiba Inu Metaverse is gaining momentum in the market. 
• The recently introduced token burn makes SHIB worth holding as a speculative asset.

With all these factors at play, there is a good chance that Shiba Inu will likely go up in value in 2023 and beyond. The odds are in its favor, especially if the broader market starts going up in 2023. 

Where to Buy Shiba Inu

Up to this point, you have a good idea of whether Shiba Inu is a good cryptocurrency to invest in, right? But where do you buy Shiba Inu safely? To invest in Shiba Inu safely, you need to buy from a reputable exchange where the risk of losing your tokens to scammers is low. 

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eToro – Best Broker to Invest in Shiba Inu in 2023

eToro is one of the most respected brokers in this industry, with more than 20 million users worldwide. With their exceptional customer service and reliable platform design that makes trading easy for everyone, it’s not hard to see why they are so popular. 

Why should you choose eToro? The answer is simple – regulation. The majority of the cryptocurrency exchanges in the market today are unregulated, which means they can close down without warning and leave users in the lurch for their investments. eToro has regulatory supervision from some of today’s most important authorities, like the SEC (Securities & Exchange Commission), meaning there’s no need to worry about getting stuck if things go wrong along the way. 

eToro has also long been a favorite for investors because of its easy access and the many deposit options it offers. With eToro, you are literally spoilt for choice on how to fund your account. You can opt for a bank transfer, fund it with your card, or even choose from the many e-wallets that eToro gives to its customers. 

eToro is also the perfect place for crypto beginners. You can deposit $50 and buy cryptocurrencies with just ten dollars, which will introduce you to this exciting new world of finance without risking too much at once.

It is also notable that once you buy Shiba Inu on eToro, you don’t have to worry about custody. That’s because the eToro money wallet is among the best in the market. You can use it to securely store SHIB and other cryptocurrencies and access them from anywhere you need them. This makes eToro a perfect cryptocurrency exchange for anyone who wants to buy and hold Shiba Inu in 2023 and even for many years.

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Should I Buy Shiba Inu?

If you are still wondering whether Shiba Inu is a good investment in 2023, let’s look at some of SHIB’s advantages that could impact its price.

• Shiba Inu has a team that is actively trying to make SHIB better. They have introduced several high-growth features that could play to Shiba Inu’s advantage.
• Shiba Inu has a large and active community, which is good for bull market hype.
• Shiba Inu is a deflationary cryptocurrency, which is good for long-term value growth.

There is a lot of potential upside to buying Shiba Inu. However, it is essential to remember that, like all other cryptocurrencies, Shiba Inu is a high-risk asset. Luckily, with eToro, you can invest from as little as $10. Essentially, eToro enables you only to take risks that you can manage.

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Conclusion

This article answers the question, “Is Shiba Inu a good investment in 2023?” We have touched on the many benefits of investing in Shiba Inu, including its deflationary nature and the fact that the team is introducing features that could play a role in Shiba Inu’s long-term value growth. We have also highlighted eToro as one of the best cryptocurrency brokers to buy Shiba Inu. 

FAQs

Should I Invest in Shiba Inu?

Shiba Inu is one of the top meme coins in the market today. This gives it the potential to do well in 2023 and beyond. However, investing only what you can afford to lose is important. 

What will Shiba Inu be worth in 2023?

While no one can tell how cryptocurrencies will trade in the future, most analysts believe Shiba Inu could test $0.00004 in 2023.

Is Shiba Inu a safe cryptocurrency investment?

Yes, Shiba Inu has a strong team and a very loyal community. This makes it one of the safest cryptocurrencies on the market today. 

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As the crypto market moves to a recovery level, you probably are looking to set up a new crypto portfolio. But with over 22,000 coins, how do you find the best trending cryptocurrencies to buy? How do you identify the top cryptocurrencies worth investing in today?

Our analysts sought to answer these questions to help you make the right investment decision by analyzing the market and coming up with a list of crypto you should buy. It brings together established coins with some excellent long-term investments and some grossly undervalued currencies. They also throw in a couple of tokens to invest in, such as Dogecoin (DOGE), Shiba Inu, and ApeCoin, before the next bull market.

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Read on to discover these trending cryptos and why you should invest in them.

Top 7 Trending Crypto to buy now before 10x gains

Here is an outline of what our experts consider the best crypto coins to invest in in 2022. They are highly potent and are expected to post incredible gains in the foreseeable future.

• DogeCoin (DOGE)
• Shiba (SHIB)
• Cardano (ADA)
• Ethereum (ETH)
• Hedera Hashgraph (HBAR)
• ApeCoin (APE)
• Ankr (ANKR)

A Closer Look at The Top Trending Cryptos to Buy now:

Dogecoin

Dogecoin (DOGE) has been one of the top performers over the past 24 hours. DOGE is up by 19% over the past 24 hours. DOGE’s bullish sentiment could be attributed to a bullish run across the broader cryptocurrency space, alongside news that Musk could be in the process of purchasing Twitter.

Dogecoin is skyrocketing and outperforming the rest of the crypto space. In the last 24 hours, the cryptocurrency market cap has only gained less than 2%. However, DOGE continues to attract buying pressure that could lower the price.

During the past few weeks, DOGE has been facing resistance in attempting to push higher. However, volatility is now high for the meme coin, given that in the last 24 hours, the price has traded between $0.065 and $0.08. At the time of writing, DOGE was trading at $0.077

DOGE has registered a massive spike in trading volumes. The meme coin’s trading volumes currently stand at $2.2 billion, which is a nearly 200% increase. The high trading volumes indicate that the meme coin’s volatility could continue being high in the coming trading hours.

DOGE’s price chart shows that during the past week, the meme coin has gained by around 33%, making it one of the best gainers in the cryptocurrency space. The bullish sentiment seems to be attracting whales, according to Santiment, with whale transactions increasing to August levels.

The recent gains with DOGE could be attributed to reports that Elon Musk closed the Twitter purchase deal on Friday. Musk agreed to buy Twitter at $54.20 per share, and a judge had given the Tesla CEO up to October 28 to finalize the deal.

Musk is a big supporter of Dogecoin, given that he has supported DOGE payments in his companies, such as SpaceX and Tesla, and the same could extend to Twitter. Twitter is a major social hub for the crypto community, and the addition of DOGE payments could trigger a notable rally.

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Shiba Inu (SHIB)

Another token poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be the next big thing in the market.

It seems the bulls are back in control as Shiba Inu finally breaks out of a long-term symmetrical triangle pattern and removes a zero from its current trading price.

Entering overbought territory on the relative strength index there is a risk of a short term pull back in price for Shiba Inu, but the bullish momentum and green candles being printed on the price charts are showing no signs of weakness just yet.

As we can see Shiba Inu has been following a textbook symmetrical triangle which is typically a consolidation pattern. With Bitcoin pumping back above $20,000 today the sentiment in the blockchain markets flips bullish as thrill and excitement enters the market.

Investors who bought Shiba Inu during the crypto crash of June 2022 would still be up a whopping 40.25% if they were holding their investments today.

From a technical analysis perspective Shiba Inu is still looking very bearish versus the all-time high of $0.00008847 from October 2021, in fact, Shiba Inu is still down a massive 88% from the all-time high.

This could however suggest that Shiba Inu crypto is now in an undervaluation re-accumulation range which means downside risk is minimized and the upside potential from here to the next crypto bull market could potentially be very rewarding for patient long term investors.

According to Coinmarketcap Shiba Inu has a market capital of $5.64 billion, this is still quite impressive during a crypto winter and is still currently a top #20 cryptocurrency in terms of market capital.

Whilst there might not be much more room for growth for Shiba Inu in 2022, it could be an ideal price level to begin accumulating for a long-term crypto portfolio.

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Cardano (ADA)

Cardano is indeed one of the trending cryptos to consider. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof-of-stake consensus mechanism.

It’s included among the trending crypto investments today because it is massively undervalued. Despite having a positive ROI and a position among the ten largest cryptocurrencies, ADA token prices are massively underpriced. And we attribute this undervaluation to its slow integration of emerging crypto technologies into its ecosystem, making Cardano less dynamic.

The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Furthermore, as the ecosystem integrates more technologies,  ADA token prices are expected to start correcting upwards, making it a top crypto coin to buy and HODL.

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Ethereum (ETH)

After its upgrade, the value of Ethereum is currently stagnant at less than $1,300. Analysts believe that ETH has a favorable short-term prognosis. A long-term price increase for Ethereum is also expected.

Ethereum’s prospects may appear less promising than they were a year ago due to the public’s rising dissatisfaction with NFTs. But due to its wide range of usefulness, Ethereum won’t be slowed down. NFTs are only one of many initiatives in the Ethereum network that are active at the same time.

Briefly, Ethereum executes smart contracts using the Ethereum Virtual Machine, a blockchain-based supercomputer. Ethereum price forecasts are high because many analysts and investors think it will increase over time.

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Hedera (HBAR)

One of the trending cryptocurrency releases for 2022 is HBAR. Unlike many of the most undervalued cryptos, HBAR isn’t a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. HBAR’s primary use case is payment processing. Furthermore, since the network fully supports smart contracts, developers can launch new and exciting dApps within various niches.

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ApeCoin (APE)

One of the trending crypto projects with high potential catching investors’ attention is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although the collection’s developers do not directly create APE, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games. Many think ApeCoin is the best trending crypto investment for long-term value potential.

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 Ankr (ANKR)

ANKR is the latest addition to our list of trending cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs.

In addition, Ankr allows developers to set up their nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.

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Top Trending Cryptos – Conclusion

To conclude, this guide has taken an in-depth look at 7 of the top trending cryptos on the market, highlighting what they are and why they are generating so much traction. Although nothing is certain in the crypto market, these projects look to have exceptional future potential –  making them great additions to investors’ watchlists.

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What is a meme coin Toon Finance?

A meme coin is a digital asset that represents a popular internet meme. Meme coins are often created as a way to raise awareness for a project or to generate hype around a certain topic. For example, the Dogecoin (DOGE) project was created as a way to raise awareness for the Dogecoin cryptocurrency.

The DOGE token is based on the popular “Doge” meme, which features a Shiba Inu dog.

Experts are saying that DOGE and SHIB will struggle to keep up with the up and coming Toon Finance which is offering a DEX platform with many innovative features.

While some meme coins are created for serious purposes, others are created simply as a way to have some fun and generate hype. For example, the Useless Ethereum Token (UET) was created as a way to make fun of the ICO craze that was sweeping the Ethereum community at the time. The UET token has no real purpose or use case; it was simply created as a way to poke fun at the ICO craze.

Speaking of ICO craze, have you heard of Toon Finance? The new meme coin with exceptional specs and crypto analysts around the world are calling it the next moon rocket or 100x token. This is a good opportunity to lock in an early investment.

Despite their often tongue-in-cheek nature, meme coins can be quite successful. For example, Dogecoin (DOGE) has a market capitalization of over $600 million USD. While this is still relatively small compared to Bitcoin (BTC), which has a market cap of over $100 billion USD, it still goes to show that there is significant interest in meme coins.

How Meme Coins Work

Meme coins typically follow the same basic structure as other cryptocurrencies. There is usually a blockchain that powers the coin, and users can send and receive tokens using wallets that are compatible with the blockchain. In most cases, meme coins are based on existing blockchain platforms such as Ethereum (ETH) or Bitcoin (BTC).

One of the key differences between meme coins and other types of cryptocurrencies is that they often have very low supply levels. For example, there are only 21 million Bitcoin that will ever be mined. In contrast, there are over 100 billion DOGE in circulation. This low supply can lead to price increases if demand for the coin increases.

Another difference between meme coins and other types of cryptocurrencies is that they typically don’t have an ICO or pre-mine.

This means that there is no initial coin offering where early investors can buy tokens at a discount, and no one person or group owns a large percentage of all the tokens that will ever be mined.

This lack of centralization is one of the key selling points of cryptocurrencies, and it helps to ensure that no single person or group can control the price of the coin.

Meme coins are digital assets that represent popular internet memes. They are often created as a way to generate hype around a certain topic or project.

While some meme coins are created for serious purposes, others are simply created as a way to have some fun. Despite their often tongue-in-cheek nature, meme coins can be quite successful; for example, Dogecoin (DOGE) has a market capitalization of over $600 million USD. If you’re thinking about investing in cryptoassets, then you may want to consider investing in meme coins!

The Latest on MINIFOOTBALL Prices

The cryptocurrency market is ever-changing, and it can be hard to keep up with the latest prices. In this blog post, we’ll be giving you the latest data on MINIFOOTBALL prices. Keep reading to stay up-to-date!

As of right now, the live Minifootball price is $1.49e-10 USD, with a 24-hour trading volume of $7,181,146 USD. Minifootball has seen a 21.22% increase in the last 24 hours. It’s currently ranked at #2657 on CoinMarketCap, with a circulating supply of not available and a max supply of 100,000,000,000,000,000 MINIFOOTBALL coins.

What does this mean for investors? Well, if you’re thinking about investing in MINIFOOTBALL, now might be a good time to do so. However, as with any investment, it’s important to do your research before putting your money in. Stay up-to-date with the latest prices and news so that you can make informed decisions about your investments.

The cryptocurrency market is ever-changing and volatile, so it’s important to stay on top of the latest prices if you’re thinking about investing. In this blog post, we’ve given you the latest data on MINIFOOTBALL prices. As always, do your own research before investing in anything and remember to never invest more than you’re willing to lose.

Why meme coins like Toon Finance and MiniFootball are taking over

MiniFootball coin climbed over 25% the last 24 hours as Toon Finance and other meme coins thrive. Toon Finance is currently in the presale process in hopes to raise 20 MIL USD for their DEX platform that is going to be similar to PancakeSwap except Toon Finance is going to offer many more features such as the P2E Battlegrounds which you can read more about in their Toon Finance Docs page.

Join the Toonie Takeover

Cryptocurrency analysts have been comparing the two coins saying that Toon Finance is headed in a similar direction as MiniFootBall with their influencers and the billboards etc. This ICO presale is going to blow, no doubt about it.

Toon Finance is the hottest coin on the block right now with the project blasting through presale and stirring up the meme coin community.

Toon Finance is a very simple presale to get into.

In order to buy your presale TFT coins you must have a multi coin crypto wallet. This is a wallet that will hold ETH coins such as MetaMask or TrustWallet. These are the two recommended wallets.

Once you have your multicoin wallet ready then you are now ready to purchase your TFT coins.

Next you will load your wallet with ETH, which is the currency for this case.

Once you have your wallet loaded with ETH all you have to do is swap it for TFT coins on the Toon Finance Buy Page.

Enter the amount in ETH that you would like to use to swap for TFT coins and click “BUY”.

Congratulations, Once you have completed this process you are now ready to shill Toon Finance with your fellow TFT Community members.

Toon Finance Protocol | Telegram | CoinMarketCap | Toon Finance Coin Presale