Is it Too Late to Buy Shiba Inu? Crypto Experts Give Their 2023 SHIB Price Predictions

30 Dec 2022 11:31 AM

By Trent Rhode | @trent-rhode

In recent years, the cryptocurrency space has seen a surge in the development and distribution of so-called "meme coins," which have often been met with skepticism and accusations of being crypto scams. Despite the critics, these coins have managed to defy expectations by outperforming many large-cap coins and creating obscene wealth for some of their holders (while losing just as much money for others). The success of meme coins has been highlighted by the astronomical rise of Dogecoin (DOGE) and Shiba Inu (SHIB).

While it was a challenging year for the cryptocurrency market, Shiba Inu held its ground and secured its spot among the top digital currencies in 2022. Shiba Inu holds 15th place when ranked by marketcap, at an impressive $4.39 billion.

Shiba Inu Price Prediction and Technical Analysis

Shiba Inu's price sits at $0.00000798 as of writing, testing the levels where it began its 108% Q3 run back on June 21, which topped out on August 14. Investors are looking for a potential bottom in SHIB as the financial and risk asset markets look to recover in 2023.

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