SHPING Crypto plunges 50% despite Coinbase listing. Where will he go from here?
Despite a Coinbase (NASDAQ:PIECE OF MONEY) announces this morning, SHIPPING (CCC:SHPING USD) has decreased by more than 50% in the past 24 hours. With the Coinbase listing, SHPING should receive a liquidity boost, as well as a reputation boost. However, it seems that crypto SHPING is doing the exact opposite. While there is no specific SHPING news that can be attributed to the decline, the crypto markets as a whole are plunging today. Bitcoin (CCC:BTC-USD) has decreased by 12% in the last 24 hours, while Ethereum (CCC:ETH-USD) lost 15%.
SHPING operates as a loyalty program app that rewards users with SHPING crypto for “watching videos, writing product reviews, connecting with brands, and scanning purchase receipts.” Users can then redeem their SHPING rewards through the SHPING app. Moreover, SHPING works with hundreds of mainstream brands to reward users and help them save money with its price comparison feature.
Since its creation, more than 7 million barcodes have been scanned with the SHPING application. The app also features over 20 million products where users can earn rewards. These products come from brands like Vegemite, Carmex and The A2 dairy company. SHPING crypto is also available to buy and sell on platforms like SushiSwap and Uniswap.
With the recent price decline in mind, let’s dive into the SHPING crypto price predictions for 2022.
SHPING Crypto Price Predictions
- Price Prediction has a 2022 price prediction of 8.1 cents. This prediction implies an impressive upside of 107% from current prices. Price Prediction mentions that in the best case, SHPING could reach 9.1 cents. In the worst case, prices could end the year at 7.8 cents, which still represents a 99% increase.
- DigitalCoinPrice has a 2022 price prediction of 5.4 cents. This prediction represents a 38% increase. The DigitalCoinPrice price prediction was formulated using a proprietary algorithm that takes historical data into account. Additionally, the website’s price prediction visual indicates that the SHPING crypto is currently a strong buy.
- Wallet Investor has a price prediction of 1.85 cents for 2022. Notably, this prediction implies a massive drop of 52%. Additionally, while Wallet Investor notes that the sentiment surrounding the SHPING crypto has been extremely bullish in the past month, the website states that “SHPING is a bad long-term (1 year) investment.”
At the date of publication, Eddie Pan did not hold (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.