What’s in Store for Shping Coin? Expert Price Prediction Analysis

Cryptocurrency is a formidable force to conquer, and the craze tied to crypto doesn’t appear to be slowing down despite a few recent hiccups. Regardless, it’s always a good time to invest; you just need to know what’s worth the investment.

In this article, we’ll discuss the Shping Coin price and its future performance. No matter your experience in cryptocurrency, this article will help you decide if Shping Coin is the right investment for you.

About Shping

Shping came to life as a Melbourne-based start-up in 2017 and has developed into a partner for hundreds of businesses in the food, health, electronics, fashion, and jewelry industry. The company focuses on allowing companies to share information about their goods while offering a utility token.

The token can be used for several things on the network, with the company hoping to become the biggest worldwide database where customers can examine product details. The company claims to pinpoint a gap between customers and brands.

The Shping app allows companies to reward customers for loyalty using Shping’s cryptocurrency, Shping Coin. Users scan through a barcode, where they can earn rewards for watching videos, submitting evaluations, interacting with others, and more. You can also sell and buy coins on exchanges, using the app to withdraw Shping Coin profits.

Technical Analysis

At the time of this writing (written on December 30th), Shping has experienced dropped 6.52% over the last week and is continuing to show bearish signs. As a result, now is a good time to invest because it’s expected to increase sometime next year.

Over the last 30 days, Shping’s price dropped 28.15% and is currently in a downtrend, though there is some hope for the future. Over the last three months, Shping’s price dropped 54.49%. 

For 2023, Shping can achieve a maximum price of $0.010943 while the average price will stay around $0.009771. Currently, its RSI path seems to be headed toward a down market.

Fundamental Analysis

Shiping is currently ranked #787 out of all cryptocurrencies. The amount of supply in circulation for Shping is 1,782,433,624, with a total market capitalization of $6,966,358. 

Since being founded in 2017, Shping’s goal has been to market new products to grocery buyers. The price fell to a low of $0.016 within a month, it fluctuated wildly, and investors were concerned when some centralized exchanges reported that its value fell 80% within a few hours of launch.

However, Shping’s team knows the project’s risk and thinks its long-term gains outweigh those dangers. Years later, On January 20th, 2022, the coin hit an all-time high price of $0.098.

Closing Thoughts On Shping Coin Price Prediction

Our analysis suggests that Shping is a high-risk smart investment at the time of this article (written on December 30th). Though Shiping has shown bearish signs over the last few months, we expect a recovery within the coming weeks as investors take advantage of the dip. The future looks promising for Shiping since it has solid fundamentals and many people are invested in it.

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