Smartphones have changed the way we do many daily activities, including shopping. Traditionally, we used to do our shopping by adding products to a cart at a brick-and-mortar store. With a smartphone, we drag pictures of the products into a digital basket. Shping leverages blockchain technology to enhance the shopping experience. This mobile app connects brands and customers, resulting in substantial customer savings.
Despite the benefits that Shping can bring to customers, its native coin, SHPING, has significantly lost value in the last year. Will this coin recover in the coming years? Let us discuss it in this Shping price prediction.
What Is Shping?
Shping is a platform for shopping with various advanced features. It allows customers to compare live prices at major retailers by scanning the barcodes of products while shopping. This way, customers can find cheaper alternatives and get rewards in Shping Coin (SHPING) with every scan. Users can also upload their shopping receipts to receive Shping coins.
Other ways to earn rewards are creating photo and video reviews of products and referring friends. Shping coins are cash-convertible tokens, which users can transfer directly to their bank accounts in Australian dollars. Alternatively, Shping coins can be bought, sold, and traded for other cryptocurrencies on several crypto exchanges.
Shping Coin Overview
As of July 23, 2023, SHPING was the 3,651st most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
Shping Coin Past Price Analysis
The Shping platform launched in 2018 alongside the Shping Coin. The open SHPING price was $0.0005. The Shping Coin did not perform well during the first years after its launch. After being almost worthless in the first half of 2021, the SHPING price climbed to nearly $0.003 in mid-May. Although the price dropped a few days later, this coin rebounded and traded at almost $0.008 on December 16. It closed 2021 at around $0.006.
In 2022, Coinbase listed SHPING, leading to a rapid appreciation. On January 20 that year, SHPING reached its all-time high at nearly $0.1. However, a price correction followed immediately. On January 27, this coin traded at around $0.02. After the Shping team discussed the project’s roadmap in an AMA session, the SHPING price spiked again on January 30, reaching nearly $0.06.
Following these impressive price hikes, the SHPING price progressively dropped in the following months. By mid-June, the SHPING price was below $0.007. This coin ultimately closed 2022 at under $0.004. In 2023, the SHPING price has declined, albeit more slowly. As of July 23, 2023, this cryptocurrency traded at around $0.003.
Shping Coin (SHPING) Price Prediction
Shping Coin (SHPING) Price Prediction for 2024
Will the SHPING price continue to fall in the second half of 2024? It is unlikely. PricePrediction indicates that the average SHPING price in 2024 will be $0.006, with a maximum of $0.008. Accordingly, the remainder of the year will not see significant price moves. For its part, Bitnation predicts an average price of $0.004, with a potential maximum of $0.005. DigitalCoinPrice is slightly more optimistic, forecasting an average price of $0.005 and a maximum of $0.006. Hence, if you invest in SHPING at the current trading price of $0.003, your investment could grow by +100% in this year's second half.
Shping Coin (SHPING) Price Prediction for 2024
In 2024, the SHPING price will moderately grow. PricePrediction expects an average price of $0.005 and a maximum of $0.006. For its part, DigitalCoinPrice forecasts an average price of $0.006 and a maximum of $0.007. Bitnation is more optimistic, indicating an average SHPING price of $0.007, which could reach $$0.008. Your SHPING investment at the current $0.003 could increase its value by +166%.
Shping Coin (SHPING) Price Prediction for 2025
PricePredictions expects SHPING to trade at $0.007 on average in 2025, possibly reaching $0.008. Bitnation and CoinPricePrediction are more optimistic and agree in their forecasts for 2025. Accordingly, the average SHPING price will be $0.009, with a potential maximum of $0.01. Hence, the value of your SHPING investment at the current $0.003 could grow by +233%.
Shping Coin (SHPING) Price Prediction for 2030
In the long run, the SHPING price could significantly increase. Bitnation expects SHPING to trade at an average of $0.024 in 2030, potentially reaching $0.025. DigitalCoinPrice has a similar prediction, with a maximum price of $0.029. PricePrediction indicates an average SHPING price of $0.047, with a potential maximum of $0.053. Therefore, if you invest in SHPING at the current $0.003 and hold your coins, the value of your investment could grow by +1,666% in 2030.
Conclusion
Most price predictions are optimistic about the future of the Shping Coin. However, this cryptocurrency has performed poorly in the last year. Although past prices are not necessarily indicators of future performance, investing cautiously in this asset is recommended. Before deciding on this crypto asset, potential investors must research SHPING beyond mere price predictions.
Frequently Asked Questions (FAQs)
Is Shping Coin (SHPING) a good investment?
The answer to this question is complex. Although the Shping platform is a promising project, the Shping coin has had problems recovering after the crypto winter of 2022. Although price predictions are optimistic, they indicate little growth in the near future. SHPING might be a good long-term investment, but you should not invest in this asset more money than you can afford to lose.
How high can Shping Coin (SHPING) go?
According to PricePrediction, SHPING could trade at a maximum of $0.12 in 2032.
Where can I buy Shiping Coin (SHPING)?
Several crypto exchanges list SHPING for trading. However, LetsExchange.io is the best option to swap this coin at competitive rates without mandatory registration.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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