Overall, owing to a variety of variables influencing Shiba’s price, it’s impossible to anticipate how it will evolve in the future.
This includes global regulatory crackdowns, high-profile persons such as Musk’s statements and other happenings.
Mrs. Tatibouet acknowledged that it is difficult to anticipate what the “community” would do next, but believes the Shiba rally will soon cool off.
“Are we going to consume more zeroes or are we going to crash and burn?” she wondered.
“However, once the enthusiasm slows down a little, I see some correction coming in the short future.”
However, not only has it been gaining recently as a result of Mr. Musk’s influence, but there is also hope that the meme currency may be listed on Robinhood.
This is in response to a petition that was started on Change.org this year to “Kindly request that Robinhood offers Shiba Inu currency!”
The petition has hit 450,000 signatures, falling just shy of its target of 500,000.
More large exchanges, like Coinbase Global, have added Shiba.
“Shiba doesn’t require Robinhood to flourish,” said Jordan McCreery, a founding partner of Ingrained Media, a marketing agency that executes cryptocurrency programs and tactics.
“I feel Shiba has some genuine potential to increase from its quarter of a cent amount to $0.01 or higher,” McCreery said of price projections.
“As we near the end of 2021, the price will almost certainly continue to rise.”
However, several cryptocurrency experts are split on the Musk-hyped coin.
Shiba, for example, is expected to be worth $0.000094 in a year, according to the cryptocurrency website Wallet Investor.
Shiba, on the other hand, is expected to be worth $0.00027522 by the end of 2021 and $0.00032447 by the middle of next year, according to Coin Price Forecast.
While it appears that Shiba could see more gains in the future, keep in mind that to reach $0.10, it would have to increase by more than 199,400% from now until the end of the year.