Huge developments have been made in the metaverse tokens over the last few weeks. Bitcoins recent price swings have put pressure on the entire Alt coin lineup yet still some of the top coins have gained traction. Even though Shiba Inu has not previously been looked at as a Metaverse token, new plots of virtual land on “Shiberse” have investors focused on what’s next for the coin.
Shiba Inu has a large burn scheduled for this up-and-coming Monday. Investors are predicting how high this next burn will send Shiba Inus token price. One of the biggest complaints of the Shiba Inu project in the past has been the insane amount of token that are currently in existence. The hundreds of trillions of coins could be partially what has been holding the coins price down but now developers are starting to embrace token burning at a totally different scale than we have been before.
Supply weighs heavily on the fundamentals for any crypto project in the investor’s eyes, however this has changing due to the number of coins that have been burned.
SHIB has many reasons investors should be looking forward to the near future. On top of this up-and-coming token burn, Devs are planning to ramp up the metaverse integration over the next months.
With all this being said lets talk a bit about some possible price predictions moving forward.
- Coin Price Forecast sees the token doubling in price through the end of 2022. The site is forecasting a December price of $0.00006 for SHIB.
- DigitalCoin is not as bullish , expecting SHIB to post an end-of-year price of $0.00004.
- WalletInvestor, like CoinPriceForecast, thinks the token’s value to double. However, it predicts this won’t happen until February 2023.
- Gov Capital is quite a bit more bullish than the pack, expecting the token to double or triple in value over the next 12 months. The site’s February 2023 prediction clocks in at $0.00011.