What makes us think Shiba Inu will reach the $1 cap? The current value of Shiba Inu is $0.000021, so increasing to a dollar would represent an increase of 4,700,000%, although some specialists believe that the growth that the currency has had in the last year makes a new giant leap viable.
NEW YORK, Dec. 27, 2021 /PRNewswire/ -- News Reportz Analysis of Shiba Inu, EGC, and SFM price prediction. 2021 was a big year for Shiba Inu, with a breakout that started back in April, moving to meteoric levels with a huge rally in October that saw price move from $0.000007 to $0.0008 in just 25 days, over 1000% increase. Since then, price has fallen around 50%, currently sitting at $0.000038.Shiba Inu currently sits at a $22.7 billion fully diluted market cap, placing it just below Dogecoin ($24 billion), one place outside the global crypto top 10.
Shiba Inu is a memecoin, which effectively means it was inspired by a meme or an 'internet joke'. Its growth has been attributed to the deliberate link to Elon Musk's favourite crypto, Dogecoin, which led to viral growth and attracted over a million holders, backed by a huge community campaign.
It is traditionally very difficult to attribute value or make accurate price predictions for meme-coins like Shiba Inu, as their growth is very much linked to the amount of hype the project can generate. Shiba Inu generated incredible hype in 2021, but with the price waning, the big question is can that hype resume to lead to new highs in 2022?
The website CryptoPredictions.com expects Shiba to return to its previous highs, with a price prediction of $0.000084 in Q1 2022, and continuing to grow to $0.000088 by Q3 2022. They forecast the coin potentially losing another zero, reaching $0.0001 by 2023, which would mean 163% growth over the next 12 months for Shiba Inu.
Another breakout project from 2021 is EverGrow Coin. With this project it is perhaps easier to attribute true fundamental value, closer to that of a company stock like Tesla or Apple. The team behind EverGrow, a group of experienced finance, blockchain and marketing experts, have been very clear that EverGrow "is not a meme-coin". They have a suite of planned utilities, including a Crypto Wallet and Exchange, Marketplace and Lending platform, games and content creation platform, Crator, all due to launch in 2022. These utilities will bring in significant revenue which will be used to generate 'rewards' for holders in the form of Binance pegged USD, a regulated stablecoin pegged 1-1 with the USD