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Shiba Inu is performing excellently during the crypto rebound
The crypto market has run the gauntlet to begin 2022, piling losses on week after week. However, recent days have seen things turn around; Bitcoin (CCC:BTC-USD) seems to have found its price floor at the bottom of its long tumble. Its recovery, alongside Ethereum’s (CCC:ETH-USD), has primed the market for success getting into the week. But perhaps the best-performing digital currency through all of the price action is none other than Shiba Inu (CCC:SHIB-USD). The token is posting some huge gains this morning and prompting plenty of Shiba Inu price predictions.
Shiba Inu has been triumphant where the rest of the market has been stalling out. Now, as the market picks back up and turns bullish, SHIB prices are skyrocketing. All in all, the last two weeks have brought in a 75% upturn for the altcoin favorite. Today accounts for nearly 25% of that.
Thanks to this marathon of green, SHIB has been able to add massive volumes of market capitalization to its name. Indeed, in just two weeks, the project has added $4 billion to its market cap.
What has investors flooding into SHIB recently? Well, as we get into February, the project promises some more information regarding its ambitious metaverse project. Developed in conjunction with Australian game studio Playside Games, the “Shiberse” will be a major catalyst. It is also working on plenty of other projects investors hope to see launched before the end of the year. The most notable of these is the “Shibarium” layer-2 network developers hope to launch; it will provide the developers with more room to run and higher scalability for users on transactions.
So, with all of these projects in the pipeline, Shiba Inu holders have a lot to look forward to in 2022. And as the crypto continues to gain this morning, SHIB bulls are voicing their high hopes going forward on Twitter.
With that said, will Shiba Inu holders find these big gains they are still holding out hope for? Or is this recent run the end of the line for SHIB growth? Let’s take a look at some Shiba Inu price predictions and see what analysts believe:
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/02/shiba-inu-price-predictions-does-shibs-resurgence-mean-a-new-all-time-high-is-coming/.
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