Shiba Inu (SHIB-USD) price predictions are on the mind of traders today as the crypto is on the move following news about Elon Musk.
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Elon Musk sparked off a meme market movement this morning after it was revealed he took a 9.2% stake in Twitter (NYSE:TWTR). That stake has him holding 73,486,938 shares worth $2.89 billion based on the stock’s closing price Friday.
The investment from Musk reignited interest in Dogecoin (DOGE-USD) this morning. With Shiba Inu being among the more popular DOGE copycats, it makes sense investors would be looking into it alongside DOGE today.
But that’s not the only reason crypto traders are taking another look at SHIB today. The crypto is also moving forward with its metaverse plans. This could result in an increase in utility, which could also send the price of the crypto higher.
The Shiba Inu metaverse includes virtual plots of land that customers can purchase. A total of 100,595 plots of land will exist in its metaverse but not all of them will be up for grabs. Some will remain unbuyable to act as public spaces and others are locked behind tiers.
With all that on the horizon, let’s dive into Shiba Inu price predictions below!
Shiba Inu Price Predictions
- DigitalCoinPrice expects the meme token to trade at $0.0000351 in 2022.
- WalletInvestor is looking for SHIB to reach a value of $0.0000537 over the course of a year.
- Gov Capital is predicting a price of $0.00009696 for Shiba Inu one year from now.
SHIB is down 2.8% over a 24-hour period as of Monday morning.
There’s more recent crypto news traders will want to know about below!
We’ve got all the latest crypto news for traders to jump into with today’s coverage. That includes all the recent Ripple Labs (XRP-USD) talk you need to know about, as well as Web 3.0 cryptos that traders will want to watch. You can find all of this news at the following links!
More Monday Crypto News
- Ripple’s Recent Win Against the SEC Provides Hope for Its XRP Coin
- 7 Web 3.0 Cryptos That Could Be the Next High-Flier
- Ripple Continues to Deliver Real-World Utility and Success
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.