Will Baby Shiba Inu follow the footsteps of SHIB — or even surpass it — to become the highest-grossing meme-coin? Read our price predictions, market predictions and more.
Canine-related cryptocurrencies have continued to spring up everywhere and keep growing at a fast pace after Dogecoin was publicly endorsed by Elon Musk. In came SHIB, LEASH, BONE, Dogemon Go, Baby Shiba Inu and many other meme-coins. The holders of meme-coins believe that these tokens will take them to the moon one day, and Baby Shiba Inu token enthusiasts are no different.
A “relative” of Shiba Inu, the Baby Shiba Inu (BABYSHIBAINU)
token runs on an anti-rugging mechanism
and also aims to save its holders from irregular price changes by limiting the transaction cap — this is often considered a game-changer for meme-coins,
as they are known for high volatility and price swings.
Created by Mickey Valen, Baby Shiba Inu was launched in 2021 and gained some traction in the beginning, probably due to the similarities this token shares with Shiba Inu (SHIB)
— with the name (Shiba) being one of the top, obvious reasons.
Baby Shiba Inu was launched on the Binance Smart Chain (BSC) with their vision of “spreading the puppy love,”
as mentioned on their official website
With a total supply of 1,000,000,000,000,000 tokens, 53.4% of which are burned, Baby Shiba Inu plans to reach the moon by contributing donations towards the Shiba Rescue America Organization. All of the surplus profit made from Baby Shiba Inu merchandise is donated to this charity, as the founders want to create a long-term project that assists the dog community and also rewards its token holders.
The Baby Shiba Inu token reached an all-time high of $0.00000003 in October 2021 and is currently trading at $0.00000001071.
Will Shiba Inu Take Baby Shiba Inu to the Moon?
There are two major meme-coins that have dominated the market so far. The first one is Dogecoin (DOGE)
and the other is Shiba Inu (SHIBA)
. Both tokens have seen immense growth over time with DOGE token showing a 41,555.07% ROI since launch,
and the SHIB token seeing a massive ROI of 1,943,848.58%
since its launch.
While Dogecoin’s rise to $1 may not have a significant impact on Baby Shiba Inu (BABYSHIBAINU), seeing that DOGE already hit its all-time high of $0.7376 in May 2021 and currently trending in the $0.2 range, Shiba Inu’s price gain may have a greater impact on Baby Shiba Inu. This is because there is a strong rivalry between SHIB and DOGE coin holders — meaning that the market sentiment for Baby Shiba Inu is most likely going to follow the SHIB token’s price gain.
Now the question here is whether the SHIB token will hit $1 in the near future or not?
That is a tricky question to answer; however, the current crypto experts believe that the SHIB token might not make it to $1 by the end of 2021 as the total supply of SHIB tokens is extremely high.
There are some believers like the Market Realist
who say that:
“If Shiba maintains that level of growth, it could reach $1 in 2021. However, if it grows at the rate of 20% per month, it would require five years to hit $1 the milestone, which points to 2025 at the earliest.”
Now if this happens, then Baby Shiba Inu holders can rejoice as their favorite token is most likely going to follow this trend and reach the moon with the help of the SHIB token.
And before we forget, let’s also mention the Baby Doge (BabyDoge)
which looks up to its meme father, the DOGE coin, to take it to the moon. It’ll be interesting to see as to who wins the race between BabyDoge and BABYSHIBAINU
in the long run; however, one thing is for certain, the bigger battle is going to be held on higher grounds between the DOGE and SHIB tokens — the winner will most likely take its child (pun intended) to the moon. 🚀
Will Baby Shiba Inu’s Upcoming NFT Boost Its Price?
NFT - NFT - NFT. Yes, the reason for saying NFT
three times is to make sure you grasp the importance of non-fungible tokens
, the digital collectibles that are currently dominating the entire crypto market — even in a bull run!
A recent example is Gala (GALA)
, the NFT gaming platform token that saw an immense rise of 200%
in a day in September 2021. The NFT gaming arena is being led by Axie Infinity (AXS)
, a token that has maintained a price range of over $100 for several weeks now, courtesy of the NFT game surpassing over $2 billion in NFT sales in 2021.
According to the official whitepaper of Baby Shiba Inu, the meme-coin is soon going to launch its very own NFT. If this happens in 2021, a major increase in Baby Shiba Inu’s token price is expected as it’ll most likely ride the NFT craze wave going on right now.
Not only that if the founders choose to create an NFT game featuring the Baby Shiba Inu
token, like Dogemon Go (DOGO)
has done, then its price has the potential to double or even triple in a matter of weeks
— as seen in the case of AXS and several other gaming NFT tokens.
Elon Musk Support for Dog Meme Coins
Elon Musk has gained a new level of popularity as the multi-billionaire keeps endorsing Bitcoin and especially meme tokens like Shiba Inu and (mostly) Dogecoin through his Twitter channel over the past year.
A recent example of such influence is the Floki tweet by Elon Musk, when the CEO of Tesla took a picture of his new dog and posted it on Twitter. This tweet sent a coin named “Shiba Floki” to experience a massive growth of 958.09% within 24 hours. Other meme coins like Doge and Shiba Inu saw a minor growth in their charts, with Baby Shiba Inu also re-tweeting Elon’s tweet and referring to Floki as BABYSHIBAINU.
The support of SpaceX CEO Elon Musk behind canine-related meme-coins seems to be a constant love affair. If this trend continues, then chances are that all dog meme-coins including Baby Shiba Inu might reach the moon in the upcoming years.
The expert opinions about Baby Shiba Inu are divided.
According to Gov.Capital
: ‘’Future price of the asset is predicted at $0 (-100% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth $0 on 2022 September 16, Friday. This means that this asset is not suited as a new addition to your portfolio as trading in bear markets, especially for less experienced traders, is always harder.’’
According to PricePrediction.net
: ‘’According to the Baby Shiba Inu forecast price and technical analysis, in 2030 the BABYSHIBAINU price is expected to cross an average price level of $0.00000006, the expected minimum price value of Baby Shiba Inu by the end of the current year should be $0.00000006. Moreover BABYSHIBAINU can reach a maximum price level of $0.00000007.’’
According to DigitalCoinPrice
: ‘’The price of 1 Baby Shiba Inu (BABYSHIBAINU) can roughly be upto $0.0000000034 USD in 1 years time a 2X nearly from the current Baby Shiba Inu price.’’
The current predictions in the crypto market seem to be (mostly) negative about Baby Shiba Inu as many crypto experts believe that the token will see a downtrend in the upcoming year or so. However, the market volatility of the crypto market works in a mysterious way. A tweet from Elon Musk about adding a “Baby Shiba Inu” puppy into the family and the price of the token goes Boom! A matter of chance, but isn’t that’s why we are in this market?
Baby Shiba Inu is available to buy on major crypto exchanges, which include Coinbase, Uphold and several others. You also have the option to buy BABYSHIBAINU on Uniswap as well.
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