Shiba Inu could dominate other meme coins in 2022

Despite being nicknamed the Dogecoin Killer, the Shiba Inu appears to have established itself quickly. There has been a lot of talk about the meme coin in the cryptocurrency market last year, and it looks like the debate will continue to be dominated by it well into 2022. The coin promises to bounce amid the recent crypto bloodbath. For a short time last year, Shiba Inu could turn some of the most popular cryptocurrencies upside down. Prior to the introduction of SHIB, most of these cryptocurrencies had already been on the market for some time. UNI, AVAX, LTC, LINK, Coin, and even Elon Musk Dogecoin's favorite cryptocurrency were the unfortunate victims hit by storm SHIB. The meme-coin currently ranked 13th on the market could have a similar year.

While support for SHIB has waned, its supporters hope it will regain strength. If the asset behaves as expected by the market, its value will skyrocket, eclipsing its competitors. As predicted by the market last year, several assets are likely to reach price levels that they did not reach last year. The Shiba Inu is expected to hit a new $ 1 price high in the near future. SHIB, on the other hand, may be preferred by investors as the need for it grows. If Shiba Inu maintains its record streak, Robinhood could eventually accept the asset as the market expected. However, the role of the network does not end there. New stable coins are long-term planned from the network to its blockchain. According to CoinMarketCap, Shiba Inu's price today is $ 0.000027 with a 24-hour trading volume of $ 1,032,045,414. Shiba Inu is down 4.20% in the past 24 hours.