Despite the various price fluctuations that the SHIB token has experienced, its long-term price prediction is still positive. It indicates that the digital assets will continue to be profitable due to their bullish trend.
Since it is not a fully developed project, the SHIB token is susceptible to market volatility. It mainly relies on news and speculation about the cryptocurrency industry. Some of the factors that could affect the price of the SHIB token include the launch of Shiba Swap and the hype surrounding the rise of Memecoin.