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Shiba Inu Recovers 40% to Surpass Polygon (MATIC) – SHIB Prediction for 2022? -Breaking

by Mike Robinson

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Shiba Inu Recovers 40% to Surpass Polygon (MATIC) – SHIB Prediction for 2022?

After two days of huge sell-offs (SHIB), the altcoin rallies broke from the downtrend. SHIB saw a 40% increase in trading volume from January 22’s lows.

Shiba Inu surpasses Polygon

SHIB’s rally saw it rise to $0.00001704 and then drop back to $0.00002354, before the rally retraced. Shiba Inu’s (SHIB), gains led to Polygon (MATIC), a layer-2 scaling option, surpassing it in the crypto gainers charts of 2021.

Shiba Inu’s market capital of $10.7 million makes it the 15th-largest cryptocurrency. With a market capital of $10 billion, Polygon is one spot behind Shiba.

Shiba’s rally comes just after the SHIB listing on Uphold, a regulated, multi-asset digital exchange. Uphold is joining the increasing number of trading platforms that embrace the meme currency.

SHIB price prediction

Some bullish expectations have been made for ShibaInu, which is now a meme coin that has moved from being built around community hype and becoming a project offering value (with its NFT launch, GameFi, metaverse launch, and GameFi),

Experts have announced that if Shiba Inu’s projects for 2022 are launched, along with its continuous push to become deflationary, the value of SHIB could potentially increase.

Analysts believe that SHIB may continue its growth and could reach $0.000088 by the third quarter 2022. This is in contrast to the 46,000,000 percent increase.

This is the 24 hour price chart for Shiba Inu. Tradingview

The Flipside

  • SHIB dropped by 12% after a rally that was strong.

Why you should care

Although Shiba Inu was the most loved meme coin thanks to community support, this year’s project will undergo many vital changes to increase utility and functionality.

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