Hello everyone, I am Fatty!
Let’s talk about SHIB with you today. The situation in the crypto market has indeed improved in recent days, and the panic and greed index is currently neutral. Bitcoin seems to have found a price floor at the bottom of its long-term decline, and SHIB has ushered in some rebounds in the past two days and triggered a large number of Shib lnu price predictions. The project promises to provide more information on projects in the Metaverse, with Shiderse, co-published with Australian game studio PlaysideoGames, being the main catalyst, and it is still working on launching many other projects that investors hope to launch before the end of the year, most notably Notable is the Shibarium Layer 2 network that developers hope to launch, which will give developers more room to run and higher transaction scalability.
In a recent TikTok video Brazilian investment influencer Erick Roch was spotted shopping for food at a beach hut accepting Shibalnu, a good sign and good publicity. Yet there is an even more important development in a tweet from ShibtoKen with an announcement that could unite and energize the SHIB community, and as promised we are happy to announce the first special surprise of the year. In 2022 we will reach new heights and welcome Shiberse, bringing an immersive experience to the ecosystem and metaverse space, it is clear that the team behind ShibaInu is dedicated to utilizing 3D virtual worlds. This should prove to be a huge step forward for SHIB investors, who are certainly benefiting from some hyped good news during this brutal crypto bear market period, but on the other hand, for cryptocurrencies as an asset class. Say 2022 is off to a rough start.
It would be a big blow for ShibaInu holders who plunged at the peak and watched it pull back from its October 2021 high. SHIB has fallen 67% since then, and after excessive speculation the coin is grossly overvalued, its market cap is still $17 billion, and the Federal Reserve is considering multiple rate hikes in 2022. Global financial liquidity is likely to be relatively tight, with less speculative activity in the face of tight monetary policy, Shiba Inu is a good indicator of speculation in the cryptocurrency world Expect a lot of money to flow into speculation in tokens with strong utility in the coming quarters Coins will underperform, Shiba Inu may see some relief after a big correction but the meme tokens will likely remain on a downtrend, of course the SHIB community will see it differently SHIB's market cap is too high right now and there isn't much room left up. If it can be said that it can soar 10 times, it means that the market value will reach 150 billion U.S. dollars, and meme coins with a valuation of 150 billion U.S. dollars or even 75 billion U.S. dollars are unlikely to be suitable for trading, but not worth long-term investment. In January 2021, there were 106 million encrypted currency users, and this number increased to 295 million by the end of the year. With future development, we are optimistic about 2022 and believe that the number of encrypted users will increase to 900 million by the end of 2022.
These forecasts seem optimistic however even if the level of crypto users doubles in 2021 there is good reason for SHIB to go higher In general novice leek investors will look for some projects with top market cap rankings. It's like investing in a basket stock SHIB is still among the top 15 listed tokens, wider crypto adoption could increase the number of ShibaInu holders ShibaInu has also been expanding the utility of the project e.g. ShibaSwap is currently locked The total value of 216 million US dollars. The platform allows users to trade tokens and NFTs. In addition, users can provide liquidity to earn BONE, which is part of the ShibaInu ecosystem and has a supply of 250 million tokens. BONE offers 104.82% APY. Another positive catalyst for SHIB is wider acceptance as a currency, with ten companies accepting Shiba as a form of payment in December 2021 alone. Given the popularity of the meme coin and the steady growth in holders, it is likely that more companies will accept Shiba as a payment method. As SHIB gains recognition and credibility, wider adoption will be key to ShibaInu's future success. However, this is a continuous process and it may take a while. That’s all for today. Interested friends can comment or private message the editor.