Shiba Inu Can Yield Great Returns In 2022: Here’s Why

Experts forecast massive returns for Dogecoin Killer – Shiba Inu for the rest of the year. There are four factors that can instigate such results:

Burning

One major factor that is expected to increase the growth of SHIB is the upcoming burning mechanism. This year, the SHIB Army awaits the launch of ShibaSwap 2.0 which will feature a long-awaited burning portal.

It is expected that the SHIB’s price will increase with the decrease in the circulation supply of the token.

According to the prediction of SHIBQueenie, the Shiba Inu Discord moderator, approx. 111 trillion tokens can burn annually through ShibaSwap 2.0 and Shibarium.

If the burning did happen at that rate then the Shiba Inu in the five-year period can at least become quintuple.

Robinhood

For the longest time, the SHIB Army had waited for the listing of their favorite coin on Robinhood and finally, it happened. The announcement by Robinhood of SHIB’s listing came early this week. Last year, a petition demanding to list SHIB on Robinhood gained over 550,000 signatures.

Within the two hours of the announcement, the price of Shiba Inu rose by 36.88%, however, it quickly dropped, recording an overall growth of 15.8%.

Nonetheless, there is also the possibility that the rise of Shiba Inu due to its addition to Robinhood is just for the short term. But the move can also result in higher demand for the currency and the rising trend for the meme currency can continue.

Shibarium

A layer-2 solution for the Shiba Inu ecosystem, Shibarium, is another important factor. It is expected to decrease the transaction fees for trading SHIB tokens significantly. Shibarium will also contain a burning mechanism feature.

Although the effect of Shibarium can’t be quantified as of now, it is bound to contribute to SHIB’s growth.

Metaverse

A few weeks ago, Shiba Inu announced the launch of its metaverse. Although the metaverse is yet not functional, however starting from this weekend, the users will be able to buy land.

Experts predict a long run for SHIB because of its metaverse launch. However, there is another extreme that is being predicted which is that the whole metaverse might flop miserably. However, the only future will tell which way the popular meme currency will go!