Along with other meme cryptos, SHIB is gaining today.
Traders are thinking about Shiba Inu (SHIB-USD) price predictions today as the meme token increases on Tuesday.
What is the cause of the rise? There are a few things to think about.
The first is a fresh suggestion that the BONE governance token be turned into “the gas of the Shibarium Protocol.” The network will be able to manage transactions and smart contracts as a result.
A meme token rally is the potential second factor driving Shiba Inu’s rise today. Elon Musk has expressed his support for Dogecoin before this (DOGE-USD). The businessman declared that he is still purchasing DOGE.
As of Tuesday morning, these news stories are driving SHIB up 27% over the last 24 hours. However, let’s take a look at the most recent Shiba Inu price projections shown below to determine if the token’s future is promising.
Price forecasts for shibas
The average forecast for the token in 2023 according to DigitalCoinPrice is $0.0000155.
Next, WalletInvestor has a $0.0000241 one-year price prediction for SHIB.
Gov Capital, with a one-year estimate of $8.85, brings our list of Shiba Inu price forecasts to a close.
Shiba Inu now trades for $0.0000105, putting these price forecasts into context.
Below are additional cryptocurrency news items that traders should read!
We have all the most recent cryptocurrency news that traders need for Tuesday! Among them are news on cryptocurrencies, a list of coins to watch in the upcoming months, and an explanation of why it’s a good idea to acquire Ethereum (ETH-USD) right now.