Could Shiba Inu be the next big thing in 2022? 

Could Shiba Inu be the next big thing in 2022? 

Crypto news Technology
January 16, 2022 by Super System
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Shiba Holds Incredible Potential In The New Year Let’s take a look at some of the major key points of Shiba Inu: Shiba Inu went on a promising run last year. The crypto enjoyed a 45,000,000% price growth in 2021. At its peak, the crypto-tagged SHIB, climbed more than 110,000,000% from the start of 2021.
shiba inu price

Shiba Holds Incredible Potential In The New Year

shiba inu price

Let’s take a look at some of the major key points of Shiba Inu:

Shiba Inu went on a promising run last year. The crypto enjoyed a 45,000,000% price growth in 2021. At its peak, the crypto-tagged SHIB, climbed more than 110,000,000% from the start of 2021. This comes as a massive profit for early investors and adopters of the token. 

The ongoing question surrounding the project is, what gave it such massive rise? Well, on closer inspection, the massive support and following of the coin played a key role in its rise. Another pertinent question is whether this ever-growing community of supporters can continue to drive interest and growth all through 2022? Can Shiba Inu grow more in 2022? 

 

40,000 merchants

On looking at the Shiba Inu project, it offers three distinct tokens. The three tokens have distinct uses namely; trading, staking and voting for proposals. In addition, holders of the token can use it as a payment option in more than 40,000 merchants thanks to its recent partnership with payment system Flexa. 

This comes as good news for Shiba as more adoption and usage can only bring about an increase in popularity. Shiba has the potential to grow, and it is likely 2022 will bring about much needed gains for the token. 

Despite its potential, it is worth mentioning that Shiba doesn’t really stand out from other cryptos. Other crypto currencies have the same application and usage, and they can generate passive income via staking. 

But if Doge can do it, then why not Shiba? One thing Doge coin has shown is that popularity can play a tremendous role in ushering massive gains. 

Shiba is not a blockchain network. However, the crypto is built on the Ethereum network. 

Although Shiba is not a blockchain, it does not mean there’s no room for transformational growth in the coming years. Shib Army will continue to garner support. In the meantime, developments such as more merchants accepting the token for payment will help increase the value of the coin. 

As it stands, Shiba is trading just a fraction of a dollar. Although we don’t expect the coin to get to a dollar anytime soon, it is expected that the coin will rise due to popularity. 

Another factor that would aid the coin’s valuation is the burning mechanism initiated by the Shiba Inu developers. This will help reduce the amount of Shiba Inu tokens in circulation. 

Shib Inu has huge potential for growth and 2022 holds lots of promise for the coin.