The meme coin ecosystem experienced explosive growth in the second quarter of 2023 because of the arrival of the memecoin mania. Also, many of the new arrivals have recently started to offer considerable usefulness to shed the parody label and draw in additional investors. Kiba Inu is one of these meme coins trying to gain a foothold in the competitive crypto space. This review explores the Kiba Inu project and provides a pricing forecast for the foreseeable future.
Kiba Inu Coin Price History
In a market largely controlled by Bitcoin and Ethereum, there’s been a huge spotlight as of late on the best meme coins. Today, the meme coin space commands billions of dollars worth of investment, with more expected in the coming years. Popular meme coins like Dogecoin and Shiba Inu have continued to lead the line, but crypto assets like Kiba Inu are slowly gaining traction.
In fact, Kiba Inu has benefited from the growth of the meme coin industry since its launch into the market in late 2021. Here are a few key events:
- The multi-utility meme coin began trading on October 29, 2021, at a low of $0.000001976, with a daily trading volume of $2.4 million. However, this was only a temporary slump as the digital asset surged to $0.000023 the next day.
- Still, on its winning streak, the Kiba price raced toward $0.000044, less than a week after its previous surge. A slight dip saw it drop to $0.00004064 on November 3, 2021, but the digital asset could not hold this price peg. It plummeted further to $0.00001083 a week later.
- The dip served as much-needed support for the digital asset. Kiba Inu rose to $0.000044 and continued its ascent to an all-time high of $0.000089 on November 30, 2021, in line with the broader market’s bullish run.
- Strong bearish waves caused the Kiba price to slump in the following days, hitting a three-week low of $0.000040 before it bounced back to $0.000055.
- From there on, the bears took complete control, and the Kiba price began a downward slide before finding support at $0.00001461 on March 7, 2022.
- The brief bullish reprieve caused the Kiba crypto price to increase to $0.000086, a few cents from its previous record high. After this bull run, the digital asset began taking a nose-dive, crashing below all its previous supports.
- KIBA saw a massive spike after opening in January 2023 at $0.000002959 due to Bitcoin gaining more support. It reached its yearly high of $0.000007476 and sustained at that level for two months before correcting. While the retrace was not steep, it became so later due to the larger impact of the SEC suing Coinbase and Binance. At press time, it is trading around the $0.000002 mark, which is close to its ATL levels.
Kiba Coin Price Prediction 2023
The Kiba Inu project operates on two of the most significant blockchain protocols in the crypto space: the BSC and Ethereum networks. Both dApp enabling platforms comprise more than 50% of the burgeoning decentralized finance (DeFi) ecosystem. Kiba Inu’s connection to these protocols exposes it to an already established marketplace.
The anonymous group of developers behind the Kiba Inu project is currently working on one of the best NFT marketplaces where holders of the KIBA can trade their digital assets for fiat. The current technical indicators, however, don’t show positive signs for this token.
After being lifted up along with other cryptocurrencies thanks to Bitcoin showing signs of reclaiming its highs, there has been a massive retrace for this token as of late. As of mid-2023, it is trading around the $0.000002 mark.
Kiba Coin Price Prediction 2024
In 2023, Web3 is expected to continue its ground-breaking push into the mainstream financial ecosystem. We expect the Kiba Inu team to tap into this potential and join the ranks of the best web3 coins. According to the team, the Kiba Inu project would include a GameFi space where users can participate in multiple games using their Kiba-originated in-game characters. As fun meets finance, the Kiba price could experience an explosive rise by the end of the year.
Also, Kiba Inu is more future-oriented than most projects. It has infused a taxing system to deter arbitrage and short-term traders. According to the project’s whitepaper, there’s a 26% sales tax levied 24 hours after the token is purchased. This falls to 10% after that period. This should significantly encourage long-term holding, putting the project on the map.
Another potential long-term hold is Banano. Check out our Banano price prediction for 2023 – 2025.
Kiba Inu Coin Price Prediction 2025-30
Collaborations and integrations are principal ingredients in the success of a blockchain project, and Kiba Inu has several. Within a short time, the project has signed collaboration agreements with organizations such as the European Cricket League, Italian Serie A side Udinese Calcio, Odisha FC, Alfa Romeo, and several others.
These integrations should yield great results in the following years, thereby bringing more integrity into the meme coin ecosystem. This would benefit the Kiba price and push the digital asset closer to a higher price value.
Kiba Inu has infused the token burn mechanism, a crypto way of permanently erasing a portion of a currency from widespread circulation. Of its 1 trillion KIBA tokens, over 94.1 billion have been burnt on its ETH bridge and 103.2 billion on the BSC network. Another coin with many coins in supply is Shiba Predator. We’ve done a Shiba Predator price prediction for 2023 – 2025.
Token burns reduce supply, leading to increased demand for the best low-supply cryptocurrencies. Economically, this translates to an increase in the value of the asset. As mentioned above, this could lead to a considerable spike in KIBA’s price as long as the market conditions remain on the bullish side.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Potential Highs & Lows of Kiba Inu Coin
Cryptocurrencies are largely volatile by nature. A significant slump could follow a sudden rise in the value of a coin. With this underlying ideal in mind, we have predicted a potential high and low for Kiba Inu and presented an expected average Kiba price for the next few years:
What is KIBA Coin Used For?
Understanding the use cases of an asset is principal in making an investment decision. This is critical if you own Dogecoin or subscribe to one of the best crypto presales, which at the moment may be a project like Wall Street Memes. Every asset has a set of unique use cases. KIBA powers all operations in the Kiba Inu ecosystem. Here are some key roles it plays in the space:
The Kiba coin is a utility token, which means all network transactions are settled using the digital asset. These transactions include computation, model usage costs and token swaps on the KibaSwap decentralized exchange (DEX).
Kiba Inu is used in the platform’s voting mechanism. Users who own the Kiba coin can vote on the platform’s proposals and updates. Governance is a key mechanism of the Web3 movement as it allows more stakeholders to make decisions.
What Drives the Price of Kiba Inu Coin?
As a crypto asset, Kiba Inu reacts to external stimuli like positive news and broader market growth, as is expected from the best penny crypto. Below, we highlight some key events that could cause KIBA to record explosive growth:
Integration and Adoption
Integration is a key part of a project’s long-term success. If other platforms are willing to partner with a project, it shows investors that the project would attract more users in the long run.
Kiba Inu has major collaborations with Alfa Romeo Racing, European Cricket League, and others. As a result, the platform is set for explosive growth in the coming years.
The NFT ecosystem is worth more than $20 billion in market cap. Kiba Inu launching into the crypto space with its 10,000 unique NFTs on Ethereum would cause more digital collectable enthusiasts to take cognizance of the project. This would cause the Kiba price to rise as the digital asset is expected to play a significant role in the new NFT marketplace.
Strong Communal Backing
Growing a project to be widely adopted in the hyper-competitive crypto space is no mean feat. Since breaking into the spotlight, the Kiba Inu project has grown by leaps and bounds. The meme coin has recorded over 40,000 holders, with more expected in the coming weeks.
A strong community evangelizing on social media platforms like Twitter, Reddit, Facebook, and Telegram, directly impacts the project’s success. Kiba Inu is going strong in this regard. The token also encourages long-term holding with its sales tax of 26% following the purchase of the token. This tax is slashed to 10% after 24 hours. So far, this strategy has reduced the selling pressures and promoted HODLing among Kiba Inu investors.
Is KIBA the Best Coin to Buy in 2023?
Wondering if Kiba Inu is the best investment to make this year? Although Kiba Inu has benefitted from the growth of the meme coin industry, we recommend better alternatives that have better upsides thanks to their unique utilities and how they can positively impact the community.
Wall Street Memes (WSM)
Wall Street Memes is a memecoin project designed as an homage to the Reddit group Wall Street Bets, a community of traders that mobilized people to create the now-infamous Gamestop short-squeeze that increased the value of the Gamestop stocks by many levels.
The project firmly believes in the power of its community, which is why it is moving forward to create an ecosystem where it can use a token with a perceived “useless utility,” such as a memecoin, to create wealth for all who participate.
Veering away from a standard one-meme model that mobilized people to buy tokens like PEPE and create a memecoin mania, Wall Street Memes (WSM) encompasses all memes. The group’s presence on social media has grown strong within a very short time, and now it has upwards of 1 million followers across multiple platforms.
Due to the unique community-driven aspect used, Wall Street Memes is gaining a high level of traction in the current market. The token has raised more than $6 million till now via the presale, and it presents huge upsides as a strong contender to Dogecoin.
In this Kiba Inu price prediction guide, we have examined Kiba Inu’s price history, DEX offering, and the project’s next moves to solidify its position in the meme coin space.
The meme coin comes off the back of a strong industry leader, Shiba Inu, and inserts a fundamentally strong product as its main offering. But the community drive that pushes the memecoin economy is still strong, which is why Wall Street Memes is a much better option than Kiba Inu.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards