Shiba Inu Price Prediction: Crypto Degens Believe DeepSnitch AI Could Explode By 100X In Q1 2026, India’s Tax Authorities Raise Concerns Over Crypto Tracking

India’s tax authorities have raised issues about the circumvention of tax payments through crypto transactions. While the body has met with exchanges for information sharing, enforcement has been poor.

Meanwhile, DeepSnitch AI could be the best thing in the crypto market right now. Crypto Degens are betting big on the project, which fuses AI and crypto to give users access to advanced trading tools and a chance to benefit from the growth of the AI industry. 

DeepSnitch AI is currently in stage four of its presale and has raised $1.1M while giving early buyers over 120% ROI. With this momentum, many traders believe DeepSnitch AI could soar by 100X-300X to outshine the Shiba Inu price prediction targets for 2026.

India warns crypto transactions could undermine tax enforcement

The tax authorities in India have expressed concern about the difficulties of taxing cryptocurrency transactions. Officials of the Income Tax Department (ITD) and the Central Board of Direct Taxes (CBDT) made this statement in a recent parliamentary session.

They noted that it was hard to trace taxable crypto income because of the use of personal wallets, offshore exchanges, and decentralized finance (DeFi) systems. The ITD noted that such borderless and anonymous transactions make it difficult to exercise jurisdictional control over them.

Also, it is almost impossible to trace and tax crypto activities. Although there have been recent initiatives to improve information sharing, the agency noted that enforcement is still a major challenge.

Shiba Inu price prediction: Can these 2 coins outshine SHIB this year?

1. DeepSnitch AI: DSNT price soars by 120% amid rising investor demand

DeepSnitch AI continues to defy market correction as its price soars to  $0.03334. Investors who joined the presale at the early stage are already on 120% profits thanks to the recent uptick. 

Some traders believe the DeepSnitch AI project might launch this first quarter and forecast gains of more than 100X for those who join now. They could also gain more by taking advantage of DeepSnitch AI’s dynamic staking APY, which has no cap or limit.

Apart from gains, DeepSnitch AI is an intelligence layer that gives you access to AI agents that can monitor price and whale movements. You no longer have to rely on paid Telegram groups for daily signals. 

Also, DeepSnitch AI gives you clear and simple insights that you can understand at a glance. The team has deployed 4 AI agents (AuditSnitch, SnitchGPT, SnitchScan, and SnitchFeed) and a live dashboard.

They are currently working on a big announcement for diligent members of the community. You do not want to miss out on this upcoming announcement. To stay informed, you can buy the DSNT coin and follow the DeepSnitch AI’s social media accounts.

2. Shiba Inu price prediction for 2026

The Shiba Inu coin has lost some of its recent gains after it soared to a weekly peak of $0.000009694. The memecoin’s price has dropped to $0.000008701 on January 9th. 

Nevertheless, CoinGecko data shows the Shiba Inu price outlook is still bullish. The memecoin is up by 14.4% on the weekly timeframe.

Also, technical analysis shows that bulls are still in control. The RSI reads 58 and has enough room for another uptick before it enters the overbought region. A recent Shiba Inu price prediction shows the price of SHIB could rally to $0.00001150.

3. Pudgy Penguins: Pengu price rises on weekly chart

Pudgy Penguins has experienced tremendous growth since 2021, when it entered the crypto space as a collection of 8,888 unique NFTs. The team launched the Pengu token in December 2024, and its price skyrocketed to a peak of $0.06845.

However, the Pengu price has dropped since. As of January 9th, the Pengu coin was trading at $0.01197 with a gain of 17.5% on the weekly timeframe. Nehal predicts that the Pengu price might surge to $0.022 soon.

Final verdict

While the Shiba Inu price prediction looks bullish, crypto degens are buzzing about the potential of DeepSnitch AI. They expect its price to skyrocket by 100X in Q1 2026. 

For those who are yet to join the presale, DeepSnitch AI is currently priced at $0.03334. The price would increase by 2% to $0.03401 very soon. You might want to get in now before the price increases.

Visit the official website for more information, and join X and Telegram for community updates.

FAQs

1. How much will Shiba Inu be worth in 2026?

According to CoinCodex’s SHIB forecast, Shiba Inu could trade between $0.000008635 and $0.00001347 in 2026. The Shiba Inu price outlook remains modest, but DeepSnitch AI could offer higher returns of up to 100X. Rumours say it might secure a Binance listing this first quarter.

2. Will the Shiba Inu coin reach $1?

Due to its massive circulating supply of 589.24 trillion, reaching $1 is mathematically impossible. Also, the memecoin has a low utility and slow burn rate, which keeps most Shiba Inu price prediction targets modest. DeepSnitch AI, on the other hand, has a low market cap and is a utility-based coin. Its price could soar to $1 in the coming months, making it a good crypto to buy.

3. Will Shiba Inu make millionaires?

While Shiba Inu made some investors millionaires in 2021, its large market cap of $5 billion limits further growth. Given the current Shiba Inu market sentiment, the chances of a huge ROI are low. Meanwhile, DeepSnitch AI could make the next batch of millionaires. Its price is expected to skyrocket by 100X-300X very soon, which makes it a top crypto to buy.