- Robinhood may eventually accept the asset as the market had expected.
- The meme-coin presently ranked 13th on the market may have a similar year.
Despite being dubbed a Dogecoin Killer, Shiba Inu seems to have established itself quickly. There has been a lot of talk about the meme coin in the cryptocurrency market last year, and it appears like the debate will continue to be dominated by it in 2022 as well. The coin promises to bounce back amid the recent crypto blood bath.
For a brief while last year, Shiba Inu could flip some of the most popular cryptocurrencies. Before SHIB’s introduction, most of these cryptocurrencies had already been on the market for some time. UNI, AVAX, LTC, LINK, Crypto.com Coin, and even Elon Musk’s favorite cryptocurrency Dogecoin were the unlucky casualties hit by the SHIB storm. The meme-coin presently ranked 13th on the market may have a similar year.
Read More: Dogecoin Price Prediction
Even though support for SHIB has diminished, its proponents are hopeful that it will regain steam. If the asset performs as expected by the market, its value will skyrocket, eclipsing its competitors.
As projected by the market last year, several assets are likely to reach price levels that they did not last year. It is projected that Shiba Inu will reach a new price high of $1 in the near future.
SHIB, on the other hand, maybe preferred by investors as the need for it grows. If Shiba Inu maintains its record-breaking streak, Robinhood may eventually accept the asset as the market had expected. However, the network’s role does not end there. Brand new stable coins are being planned for in the long run by the network to its blockchain.
According to CoinMarketCap, the Shiba Inu price today is $0.000027 USD with a 24-hour trading volume of $1,032,045,414 USD. Shiba Inu has been down 4.20% in the last 24 hours.
Read More: Shiba Inu Price Prediction