Shiba Inu - how the coin was created, and what will happen to it next

The Shiba Inu cryptocurrency appeared relatively recently - in August 2020. Its creator is anonymous under the pseudonym Ryoshi, and the original philosophy is to become the main competitor or simply the "killer of Dogecoin", another popular meme coin.

In itself, the history of the creation of this cryptocurrency is very interesting, if only because it complies with the three rules declared by the Reci:

1. Not a single cent should be spent on creating a coin;

2. The creator of the coin buys it simultaneously with the entire crypto community;

3. The cost of promoting cryptocurrencies should also be zero.

As you can see, from the very beginning Shiba Inu was a real experiment - exciting and in the spirit of the times, but still very risky. And at first it was definitely a success - the cryptocurrency, which, according to the creators, was completely managed by the community of crypto traders and investors, found a response from many of them. The result of this was that in October 2021, the SHIB exchange rate showed a rapid growth of 1000% per month - up to $0.00008616. Well, then events developed in different ways and eventually came to the conclusion that experts and analysts of the crypto market predict a contradictory future for the coin. And here's why.

Shiba Inu belongs to the category of meme coins, the popularity of which is mostly based on the emotions and subjective sympathies of users, and not on fundamental factors. Therefore, its rate is unstable and rather difficult to predict. The proof of this is its deafening fall on November 8, 2022 by more than 70% compared to the record high - to $ 0.00001084. At the moment, the coin is trading at a price even lower - only $ 0.0001035. And what will happen next?

Today, the coin ranks 15th among all cryptocurrencies with a market capitalization of $6,059,447,765. Experts who base their forecast on detailed technical analysis suggest that its price will fly up in the second half of 2023 and reach $0.000017. And by 2030, the value of the coin will be $0.00009. Very inspiring and ambitious. However, there is another opinion based on the fact that meme coins are not so amenable to technical analysis, and in the case of Shiba Inu, a huge number of coins in circulation (549 trillion) may be a serious deterrent to price growth, some of which will need to be burned.

Doubts are also caused by the fact that all the records of the anonymous founder of the coin on his Twitter page have been deleted, and it has not been updated for more than a year. All of Resi's old publications from the Medium journalistic platform disappeared, and the inscription "One day I will leave without warning" appeared on his account.

Thus, the future of Shiba Inu is multivariate, and any decisions on working with it must be made carefully and consciously. But anyway, the coin broke into the crypto market suddenly, caught its wave of popularity and still excites the minds of investors to this day.

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