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

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Shiba Inu price rose 3% in the past 24 hours to $0.00000845 ahead of the upcoming launch of the Shibarium layer two scaling network. Its current price represents a 6% increase in a week, although the meme token remains down 10% in a month, with excitement over Shibarium still not doing enough to fully offset weeks of market negativity.

However, the imminent launch of the layer two scaling solution shows that Shiba Inu is serious about being more than just a fancy meme piece, which is also indicated by its long-awaited metaverse. As such, SHIB could truly be one of the top coins to watch this year, with major rallies potentially in sight.

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

Based on the SHIB price chart, it has long been due for a rebound to correct the selling months. Its Relative Strength Index (purple) has spent months below 50 (or lower), although its recent rise signals that we may be at the start of a rally.

Source: Trading View

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

Recent developments within the Shiba Inu ecosystem suggest that such an escape may be closer than some realize. As mentioned above, the Shibarium Network is expected to launch its beta in the coming weeks, although the team hasn’t provided a specific date or window.

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

The Shibarium rollout should come at just the right time for Shiba Inu, who is also looking forward to her own metaverse. The latter continues to undergo constant development, with its team releasing a steady stream of concept art and demos in 2022, while welcoming the new year with the promise that “we look forward to sharing more development” on the way to launch. .

Assuming SHIB: The Metaverse launches this year, it will cause a major SHIB rally. Indeed, the altcoin posted a 58% rally in early February, for example, with the announcement of its own metaverse being the main driver.

It also jumped 25% between mid and late March, while August brought a 64% surge as the meme token jumped from $0.00001032 to $0.00001695 within days. All because the metaverse team has shared new updates, implying that the release of the platform will cause a massive rally.

For members of its community, it is expected that SHIB may eventually reach $0.001 this year. That would imply a gain of over 10,000% from its current price, which isn’t impossible, but would almost certainly mean that SHIB should be the best performing coin in the top 100 of the year.

In the shorter term, some analysts are predicting that the SHIB could see a 30% rally by the end of January, bringing it to around $0.000011, meaning it would lose a zero.

Presale alternatives

While SHIB arguably has the best chance of enjoying a rally this month among major cryptocurrencies, there are a handful of new altcoins that could rise in the coming weeks. In particular, coins that are currently holding their pre-sales could see big rallies once they hit their first exchange listings, which was very profitable last year, despite the bear market.

For example, Lucky Block (LBLOCK) saw a 6,000% increase in February, from a sale price of $0.00015. To take another example, Tamadoge (TAMA) is up 1,800% from its pre-sale price in October, when it was listed on OKX.

The three altcoins below are still maintaining their respective token sales, although these are ending soon, giving early investors a chance for above-average gains.

Fight (FGHT)

Running on Ethereum, Fight Out (FGHT) is an ambitious move-to-win platform that combines real-world workouts with Web3. Taking the lead from earlier M2E platforms such as STEPN, it will track and reward a wide variety of workouts, including boxing, weightlifting and yoga, while also offering a range of integrated and IRL classes in its own brand name gyms.

Launched last month, its token sale has already raised over $2.6 million, with 1 FGHT currently at $0.0166 (although that price is expected to rise). Investors can participate in the sale by visiting its official website and connecting their Connect Wallet or MetaMask wallets.

Visit Fight Out now

Dash 2 Trade (D2T) – Last chance to buy

Dash 2 Trade is an Ethereum-based trade intelligence platform set to launch in the coming months, when it will provide real-time analytics and social trading data. It offers investors of all experience levels all the resources and tools they might need to improve their trading performance.

The sale of its D2T token raised over $13.6 million and actually sold out, but the Dash 2 Trade team is currently running an overfunding round ahead of D2T listings on January 11. It has already confirmed listings on BitMart, Changelly Pro and LBANK Exchange. , with more to follow.

Visit Dash 2 Trade now

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. Operating on the BNB chain, it launched the sale of its native CCHG token before the end of 2022, with CCHG to be used within its network by owners of electric vehicles to pay to charge their vehicles.

C+Charge will also reward users with carbon credits for charging their electric vehicles at its stations, while the platform has already signed an agreement with Perfect Solutions Turkey, adding 20% ​​of electric vehicle chargers in Turkey to its network.

Visit C+Charge now

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