Shiba Inu Price Prediction – New Record High for SHIB?

Disclaimer: The ‘Industry Talk’ section contains contributions and insights from people active in the crypto world and is not part of the editorial content of Cryptonews.com.

The Shiba Inu price outlook is bullish following the announcement of the low US CPI numbers and is currently at $0.0000089, after starting on December 13th at $0.00000896. The meme coin peaked at $0.0000093 and dropped to $0.00000896. The share price has fallen by around 2.5% in the past 24 hours.

SHIB rate

Development of Shibarium is progressing well

The Shiboshi NFT Project, SHIB Metaverse, DEX Features and Shiba Inu Games have not been able to reach their full potential due to the high gas prices and low scalability within Ethereum network.

Shibarium therefore plans to move the transaction data to a proprietary Layer-2 infrastructure while maintaining the direct connection to the Ethereum network.

Shibarium will serve as the basis for expanding the Shiba ecosystem. Once completed, all of Shiba Inu’s features, such as the decentralized exchange, metaverse games and NFTs, will run on Shibarium.

Shibarium development is progressing as planned and Shibarium developers will keep the community of SHIB holders updated on progress and an expected completion date. So far, this date is still unknown, but it is expected in 2023.

SHIB will be an important part of the Shiba Inu ecosystem, even though it is not a utility token. The value of SHIB may increase after the launch of SHIB.

SHIB clothing collection

John Richmond, an Anglo-Italian clothing designer, reached out to the Shiba Inu (SHIB) community via Twitter on December 12th about what outfits to design next.

Richmond has turned to the SHIB Army for help developing his personal brand. The clothing designer joined the Shiba Inu team earlier this year and has designed clothing for the upcoming SHIB: The Metaverse.

John Richmond’s clothes have been featured in both Shanghai Fashion Week and Milan Fashion Week. Milan Fashion Week also organized a cocktail party for the SHIB army. Last month, John Richmond teamed up with famed top model Josie Conseco to preview Flaunt Magazine’s Fashion Week ’22 collection.

This is a big step for the brand awareness of SHIB’s clothing collection. The SHIB community has also asked American sportswear manufacturer, Champion, to design sweatshirts with Shiba Inu designs. However, Champion has not responded yet.

The SHIB clothing collection is not yet available for purchase online. Combining a meme coin and a clothing collection could lead to more adoption of cryptocurrency in the retail world. Therefore, this is good news for the SHIB/USD pair.

More Shiba Inu addresses and a higher burn rate

The number of Shiba Inu (SHIB) addresses has reached a new high, according to a December 13 Glassnode report. The number of addresses has risen above 3 million and continues to grow. Since the beginning of 2022, the number of SHIB addresses has increased by up to 35%.

According to Glassnode data, the number of addresses continues to increase despite the uncertain and volatile cryptocurrency market. According to Shibburn, a well-known SHIB burn tracker, more than 40 million tokens have been burned in the past few days.

Shiba Inu Price Prediction – Technical Levels

Support – Resistance
$0.00000857 – $0.00000924
$0.00000817 – $0.00000951
$0.00000790 – $0.00000991

Turning Point: $0.00000884

Shiba Inu Price Prediction

After breaking the $0.0000089 resistance, SHIB/USD remains bullish near $0.0000090. If this reverses, SHIB could fall towards $0.00000844 and $0.000000828.

Shiba Inu Price Chart – Source: Tradingview
Shiba Inu Price Chart – Source: Tradingview

The new resistance is around $0.0000094 and the next resistance for SHIB is at $0.00000997.

Best alternative cryptocurrencies with high profit potential

2022 has been a tough year for the cryptocurrency market, but its pre-sale crypto projects this year very lucrative. But to find the right projects, they need to meet a number of factors, such as an experienced team, a strong base, a good use case and a lot of interest from the market.

Below we have three crypto projects that meet these requirements.

Dash 2 Trade (D2T)

Dash 2 Trade is a very important project in 2022 as the team understands what the market needs right now. With the practical tools and features of the Dash 2 Trade platform, traders and investors can make their decisions in the market faster and better. This allows them to get more profit from their investments and prevent a disaster like the FTX crypto exchange.

Dash 2 Trade (D2T) Presale

Once the presale is completed, the native D2T token will be added to LBank and BitMart. The presale is not that old yet, but Dash 2 Trade has already raised almost $10 million from the sale of the D2T token. The token is a means for users to pay monthly for Dash 2 Trade’s professional tools and participate in community events.

Visit the Dash 2 Trade Presale here

Robot Era (TARO)

RobotEra is a new sandbox metaverse game where players can create their own world with their own robot avatar. Players can also create other robots to help rebuild the destroyed planet, Taro and increase the value of the NFT property. For players who like to build and manage, this is a very interesting game with many possibilities.

In RobotEra, the player can earn both active and passive income by completing quests, participating in community events, planting trees, mining resources, renting out your NFTs, and striking. The project is supported by LBank Labs to ensure its great success.

The native TARO token presale started on November 9th and has blossomed into one of the most popular presales of 2022. You can buy the token with ETH or USDT in your crypto wallet.

Currently you have 1 TARO token for 0.020 USDT, but once the first phase is sold out, this price will increase to 0.025 USDT. The TARO token has already raised more than $540,000 for the platform.

Visit the RobotEra Presale here

Calvary (RIA)

Calvaria is a game to earn battle card game that is completely free to play and even gives NFTs to new players who sign up. For example, players do not need to have any technical knowledge or cryptocurrency to enjoy the game.

The team at Calvaria hopes to accelerate cryptocurrency adoption by making it more accessible to a wider market. In many play-to-earn projects, there is a large barrier to participation, such as having to make a large investment to participate at all. This is a clincher for players outside the crypto sector

Calvaria rewards players who use their NFT cards in battle against other players. The Calvaria ecosystem runs on the native RIA token, which is also used for the platform’s policies. The presale of the RIA token has caught the attention of many investors.

The first four phases sold out quickly, and the fifth and final phase is already 79% sold out. Investors can buy 30.77 RIA tokens with 1 USDT during the presale. Calvaria has already raised $2.4 million in pre-sales and will reach $3,075,000 by the end of phase three.

Visit the Calvaria Presale here

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