Is it too late to buy a Shiba Inu? Cryptocurrency experts give their price predictions for SHIB in 2023

The price of Shiba Inu increased by 3% in the last 24 hours and reached $0.00000845 looking forward to the upcoming launch of the Shibarium layer two scaling network. Its current price represents a 6% gain in a week, although the meme token remains down 10% in a month, with excitement that Shibarium is still not doing enough to fully offset weeks of negativity in the market.

However, the impending launch of the layer two scaling solution shows that The Shiba Inu seriously wants to be more than another cryptomeme accessory, which is also indicated by its long-awaited metaverse. As such, SHIB could really be one of the best coins to watch this year, with significant rallies potentially in sight.

Is it too late to buy a Shiba Inu? Cryptocurrency experts give their price predictions for SHIB in 2023

Based on the SHIB price chart, a recovery is long overdue for correct months sales. Its relative strength index (purple) has spent months below 50 (or lower), although its recent rally indicates we may be at the start of a recovery.

Source: TradingView

Likewise, its 30-day moving average (red) has remained below its 200-day average (blue) for most of the last 12 months, again indicating that it really should take a break and pick up again in the near future.

Recent developments within the Shiba Inu ecosystem suggest that such a rupture may be closer than some realize. As mentioned above, The Shibarium network is expected to launch its beta in the coming weeksalthough his team did not provide a specific date or window.

This is a big development for Shiba Inu, as the Ethereum-based cryptocurrency has so far suffered (like many other platforms) from relatively high Ethereum gas fees. However, with the launch of Shibarium, it will become much faster and much more affordable, which should facilitate greater adoption and use of SHIB.

The rollout of Shibarium comes at just the right time for Shiba Inu, who is also eagerly awaiting his own metaverse. The latter continues to be steadily developed, with its team releasing a steady stream of concept art and demos in 2022, welcoming the new year with the promise that “we look forward to sharing more development” on the way to launch.

Assuming the metaverse of SHIB launches this year, it will cause a huge SHIB rally. In fact, for example, the altcoin had a 58% increase in early February following the ripple effect of the announcement of its own metaverse.

It also jumped 25% between mid-March and late Marchwhile the month of August was marked by an increase of 64%, meme token drops from $0.00001032 to $0.00001695 in days. All this is because the metaverse team has shared new updates that suggest that the release of the platform will cause a massive rally.

For community members, SHIB is expected to reach $0.001 this year. This would mean a gain of over 10,000% over the current pricewhich is not impossible, but would almost certainly mean that SHIB would be the best top-100 coin of the year.

In the shorter term, some analysts predict that SHIB could see a 30% rally at the end of January, bringing it to around $0.000011, i.e. it would lose a zero.

Presale alternatives

While SHIB arguably has the best chance to enjoy a rally this month among major cryptocurrencies, there are a handful of new altcoins that could rise in the coming weeks. In particular, cryptos that are doing their pre-sale right now could see big rallies once they see their initial listings on exchanges, which were very profitable last year despite the bear market.

E.g, Lucky Block (LBLOCK) experienced a fairly large increase worth 6,000% in February, from its pre-sale price of $0.00015. To take another example, Tamadoge (TAMA) had risen 1,800% from its pre-sale price in October when it listed on OKX.

The three altcoins below are still holding their respective token pre-sales, but these will end soon, giving early investors a chance for above-average gains.

Fight Out (FGHT)

Running on Ethereum, Fight Out (FGHT) is an ambitious move-to-earn platform that combines real training with Web3. Taking inspiration from previous M2E platforms such as STEPN, it will track and reward a wide range of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL classes in its own gyms.

Launched last month, its token sale has already raised more than $2.6 million, 1 FGHT is currently worth $0.0166 (although this price is set to rise). Investors can participate in the presale by going to its official website and connecting their wallets Connect Wallet or MetaMask.

Dash 2 Trade (D2T) – Last chance to buy

Dash 2 Trade is an Ethereum-based trading intelligence platform scheduled for launch in the coming months. It will provide real-time analytics and social commerce data. It provides investors of all experience levels with all the resources and tools they may need to improve their trading performance.

The presale of its D2T token raised more than $13.6 million and actually ended, but The Dash 2 Trade team is now hosting an overfunding round ahead of D2T’s IPO on 11 January. It has already confirmed listings on BitMart, Changelly Pro and LBANK Exchange, with more to come.

C+Load (CCHG)

C+Charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations that aims to democratize access to carbon credits. It operates on the BNB channel and launched the sale of its native token CCHG before the end of the year 2022, CCHG to be used within its network of electric car owners to pay for charging their vehicles.

C+Charge will also reward users with CO2 credits for charging their electric vehicle at its stations. The platform has already signed an agreement with Perfect solutions Turkeyadds 20% of electric car chargers in Turkey to its network.

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