Investors Believe SHIB Could Hit New All-Time High in 2022

In a Twitter post by Shiba Archives, people were asked whether or not Shiba Inu (SHIB) will make a new all-time high in 2022. The response by the community is split on this issue as some believe it is very possible while others believe SHIB is dead.

One of the main reasons why people believe SHIB could reach an all-time high in 2022 is because of SHIB’s acceptance at legendary entertainment company AMC. This month, Adam Aron, the chief executive, confirmed that they plan to accept SHIB and DOGE as payment methods in their movie theatres.

The fact that SHIB has also started exploring with DeFi and NFT innovation can also lead people to believe great things lie ahead for SHIB. The Shiboshi NFTs were released on October 14, 2021.

The fact that ETH whales have been stocking up on SHIB can also lead investors to have an optimistic view of the SHIB price.

On the other hand, when looking at the price predictions for SHIB in 2022, it seems like the meme coin is more likely to reach a high of $0.00005585 in 2022.

SHIB reached its all-time high, $0.00008845, in October of 2021. According to the price predictions of SHIB, the crypto will probably only surpass this point again in 2024.

At the moment, SHIB is trading at $0.000009553 after a 15.25% increase in price over the last 24 hours, according to CoinMarketCap. The meme coin is also up 21.64% over the last seven days.

SHIB’s 24-hour trading volume is also up 622.14% over the last day.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies