Memecoin Shiba Inu saw its price grow by more than 300 percent within one and the same month, marking a trading fury reminiscent of Dogecoin in early 2021. Indeed, the SHIB coin ranked as one of the biggest crypto in the world based on 24h trading volume in October 2021 - with trading activity being almost as high as that of Ethereum. Originally starting out as a fun token based on the famous Japanese dog breed, the digital currency grabbed mainstream attention in 2021 probably due to its low barrier of entry: Even after its price spikes, Shiba Inu was one of the cheapest coins availalbe, especially when compared to the price of 99 other cryptocurrencies. Combine this with survey information that most consumers in the U.S. and the UK invest in crypto either for growth or fun, and Shiba Inu is probably seen by many as a relatively simple, "quick win" investment.

Somewhat resembling developments of Dogecoin in early 2021, the market cap of Shiba Inu (SHIB) more than tripled in only a few weeks. This rapid growth especially occurred since September 2021, with the cryptocurrency breaking the 10 billion U.S. dollar barrier multiple in the following month. Whilst no exact reason was given why the memecoin grew so fast during this time, the digital currency did become available on Coinbase, one of the world's most well-known crypto exchanges, on September 17. This move, and the fact that consumers in the U.S. and the UK overall tend to invest in crypto for fun or as a potential growth investment, might explain the popularity of the dog-themed coin. Indeed, Shiba Inu ranked as the number 13 cryptocurrency in the world based on market cap in late October 2021 - closely behind DeFi-affilated like Uniswap (UNI) and Terra (LUNA).

Shiba Inu trading volume accelerated significantly in October 2021, as the 24h trade volume grew from roughly one billion U.S. dollars into double digits. Whilst the cryptocurrency based on the famous Japanese dog breed already had a trading peak early in May 2021, October 2021 could be seen as the breakthrough month for the coin as it became one of the most valuable cryptocurrencies available. The meme-inspired digital currency saw a major price increase during this month, as it invoked a similar sentiment as to early 2021 when Dogecoin became a popular cryptocurrency to invest in.

This dataset provides predicted prices, return on investment (ROI), and sentiment analysis for Shiba Inu over a series of dates. The dataset includes predictions for Shiba Inu's price, with low, average, and high values, as well as ROI figures for each predicted date. This data helps users forecast market trends for Shiba Inu and make informed trading decisions.