Is it Too Late to Buy Shiba Inu? Crypto Experts Give Their SHIB Price Predictions

Shiba Inu (SHIB), the second most popular and second largest dog-inspired meme cryptocurrency by market capitalization which currently lives as an ERC-20 token based on the Ethereum blockchain, has corrected about 6.7% lower in the last 24 hours according to CoinMarketCap. That pullback is in line with a broader drop in major cryptocurrency prices as trader take profit on recent long positions.

Timeline of Shiba-inu

The Shiba Inu coin technical Chart showcases a textbook example of a rounding bottom pattern. In theory, this U-shaped shape structure of the pattern represents the buyers taking trend control from the seller.

Shiba Inu community's confidence in the ecosystem and lead developers are rising as they await the Shibarium Beta launch. Telegram messages by developer Shytoshi Kusama and the Unification blockchain team indicate an increase in development activity as the anticipated launch of Shiba Inu's Layer-2 blockchain solution Shibarium comes near.

Blockchain data shows that a massive Ethereum ($ETH) whale with over $500 million in total assets has now accumulated over 18.8. trillion Shiba Inu ($SHIB) tokens since they started buying the meme-inspired cryptocurrency in July 2022.

The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week.

Shiba Inu's [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin's abysmal performance in 2022. During the said period, SHIB recorded gains of 37.06%.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) is currently leading the “trending” charts on popular crypto aggregator websites after it was listed on one of South Korea's largest crypto trading platforms by volume.

The second most popular meme coin on the crypto market, Shiba Inu (SHIB), is about to launch its eagerly awaited layer 2 scaling solution Shibarium. While lead developer Shytoshi Kusama has repeatedly said in recent weeks that the launch date is not yet set but will be “soon,” he may now have leaked the beta launch date himself wrapped in a word puzzle.

Shiba Inu has been seeing a major upside since the crypto market began its recovery rally, but there may be more in store for the altcoin. A major update from the crypto and stock trading platform has once again put the meme coin in the spotlight and provided another boost for it.

Shiba Inu price is keeping the meme coin hype live with its massive rally this week, netting 20% in gains. The second-most popular meme coin has slowed down its aggressive push from support at $0.000008 to new 2023 highs of $0.00001291.

The Shiba Inu community actively awaits the Shibarium Layer-2 blockchain launch as official accounts of the Shiba Inu ecosystem and core developer Shytoshi Kusama drops hints on the anticipated date. Picking up hints from Shytoshi Kusama's Twitter status, ShibArmy believes the Shibarium Beta release to happen on February 14, Valentine's Day.