Meme coins have been the frenzy of the crypto world. Their popularity is instrumental in onboarding the mainstream crowd to the crypto market. Here we are
Meme tokens like Dogecoin (DOGE) or Shiba Inu (SHIB) are worth hardly a fraction of the value compared to assets like Bitcoin (BTC) or Ether (ETH), but they are pop culture icons for the sector.
Many crypto developers are taking advantage of their popularity to release similar versions of the assets. Although many of these tokens claim to solve the issues faced by the original and promise to expand its capabilities, they are in most cases not at all related.
Today, I am going to introduce you to one such project. Dubbed Shib 2.0 (SHIB2), the developers behind this token say it is the second coming of Shiba Inu. So let us dive in and find out more about SHIB2 and see where how much it will be worth in 2023, 2024, and 2025 through this Shib 2.0 price prediction.
What is Shib 2.0?
Shib 2.0 is similar to Shiba Inu, as it is a cryptocurrency deployed on the Ethereum blockchain. Just like its predecessor, Shib 2.0 also features the Japanese Shiba Inu dog as its mascot but a more mature and aggressive one.
The goal of the project is to be run entirely by its community. According to the creators, Shib 2.0 is made powerful by its unique approach to collective decentralization instead of relying on a centralized team to build out products and services.
This way, the members of the SHIB2 community can freely and openly make their contributions to the project and become part of its growth and development.
How Does It Work?
There is no specific use case whose purpose is served by the meme coin. However, according to its developers, the open-source project will allow the community to develop apps and services that could make the most of the Shib 2.0 economy.
The Shib 2.0 team claims it will perform much better than Shiba Inu by rectifying Latters’ mistakes and ensuring that developers, users, and investors can make the most out of it. Normally, meme coins are considered a Ponzi scheme that only gives you short-term price benefits without any real, long-term purpose.
But It needs to be seen how much Shib 2.0 can offer to its investors and whether it will deliver the promise of being a highly efficient and purposeful alternative to the original Shiba Inu project.
Shib 2.0 Tokenomics
The Shib 2.0 ecosystem is powered by an Ethereum ERC-20 standard token called SHIB2. The project has a total token supply of 420.69 trillion, of which, all of them are currently in supply. Based on data from Binance, the cryptocurrency is ranked #3133 and has had a 24-hour trading volume of just $85,834.22.
At the time of writing, Shib 2.0 is trading at $0.00000002669.
How To Buy SHIB 2.0?
Since SHIB2 is not listed on any of the centralized crypto exchanges, the only way to get your hands on the token is by visiting a decentralized exchange (DEX) where it is listed, like Gate.io.
Follow these steps if you are interested in purchasing the token:
Which Tokens Have A Correlation To Shib 2.0?
Over the past week, the Shib 2.0 price was positively correlated with the price of Maker (MKR), Ripple (XRP), Tron (TRX), Ethereum Classic (ETC), and Cardano (ADA).
Meanwhile, the meme token was most negatively correlated to the price of Bitcoin Cash (BCH), Stellar (XLM), Dash (DASH), EOS (EOS), and Binance Coin (BNB).
What Does The Fear And Greed Index For Shib 2.0 Indicate?
Fear and Greed index combines several technical and investment indicators, including 30-90 day volatility, trading volume, social media activity, and Google Trends data, to determine what the market sentiment is for the asset.
If the index shows a value between 0-24, then it is extreme fear, 50 is neutral, 51-75 is greed, and 76-100 is extreme good.
Currently, the fear and greed index for SHIB2 stands at 52, meaning investors have a neutral sentiment toward the cryptocurrency.
Shib 2.0 Price Prediction 2023
Shib 2.0 price forecast is to be trading within the range of 0.00000002320 and $0.00000004613 this year.
The token could rise in value by 72% from its current rate of $0.00000002636 if it reaches the upper price target.
Shib 2.0 Price Prediction 2024
According to our Shib 2.0 Price predictions, SHIB2 is expected to trade within the price range of $0.00000002320 and $0.00000006132 next year.
If Shib 2.0 can reach the upper price target in 2024, then its value would rise 129.03% from the current rate.
Shib 2.0 Price Prediction 2025
Market experts predict Shib 2.0 to trade between $0.00000005190 on the lower end and $0.0000002092 on the higher end. If the token can cross its upper price target, then its value would increase by 684.59% from the current price.
Read More: Love Hate Inu Price Prediction 2023, 2024, 2025
Conclusion
Shib 2.0 is yet another meme token project that has been added to the growing number of so-called community projects. Just like Shiba Inu (SHIB), which it is based upon, the Ethereum-powered cryptocurrency has no real use case and is an open-source blockchain platform where interested parties can launch their products or services.
Shib 2.0 tokens are not available on any of the centralized exchanges and the only way to get them is by purchasing through a decentralized exchange. At present, Gate.io has listed Shib 2.0 on its platform. SHIB2 can be bought on any of the DEXs by searching for its smart contract.
If you are looking to invest in the project, then I suggest that you do your research to fully understand what Shib 2.0 is and whether it is legitimate as claimed by its creators. Technical stats predict the token to rise in value over the years, with some showing 600%+ price growth by 2025.
As an investor, I would recommend keeping a close eye on the project roadmap and analyzing whether it will be profitable in the long term. Short-term holders can liquidate their positions the instant Shib 2.0 prices see an uptick.
Frequently Asked Questions
Technical indicators show that over the last 30 days, Shib 2.0 traded just 9 days (30%) in the green. This figure indicates that it is currently not profitable to put your money in Shib 2.0.
The current market forecast for SHIB2 shows that the token has a bearish sentiment. Meaning, it could be a bad buy in 2023. This is determined based on the token’s technical aspects like price history and fundamental factors like on-chain activity and development.
SHIB2 would need to rise by 372,052,205.88% to hit $0.01. However, the token can’t hit that mark as the maximum expected price for Shib 2.0 is estimated to be $0.000001852 by 2049.
