What happened. The cryptocurrency Shiba Inu (CRYPTO:SHIB) climbed on Wednesday, following reports of a massive purchase by a wealthy investor. As of 5:10 p.m. ET, Shiba Inu's token price was up more than 10% over the previous 24 hours.22 Dec 2021
Is Shiba Inu on the rise?
In the last 24 hours, the thirteenth largest crypto asset has rallied more than 15 per cent and is now boasting a market cap of little less than $19 billion. The traded volume of Shiba Inu has surged nearly 105 per cent, the data from Coinmarketcap suggests.13 Jan 2022
Does Shiba Inu have a future?
Key Points. Despite its plunge of more than 60%, Shiba Inu is holding on to a 46,500,000% gain for 2021. Dogecoin's 77% decline might offer some clues about Shiba Inu's future. Mounting regulatory pressure is damping sentiment for cryptocurrencies broadly.31 Dec 2021
Is Shiba Inu worth investing?
Shiba Inu (CRYPTO:SHIB) wins as best investment vehicle of 2021, hands down. It's mind-blowing gains over the past year may have propelled some investors into millionaire status, even as its real world use remains questionable.28 Dec 2021
Will Shiba coin rise?
Shiba Inu's price is likely to rise a lot, but not to a dollar yet. Because if the dog-themed token were to be valued at a dollar, its market capitalization would have to be 590 trillion dollars.6 Jan 2022
Is Shiba coin a good investment?
The coin may help you make a quick buck but it is not a reliable long-term investment for sure," he added. Investors must understand that Shiba Inu is purely a meme token with no real intrinsic or underlying value and is purely entertainment-based.13 Jan 2022
Will Shiba Inu coin reach $100?
Its Impossible for Shiba Inu Coin to Reach $100. Because for it to reach the value, the market capitalization has to be higher than the GDP of all the countries in the world combined! The issue with SHIB is that there are already 589 trillion coins in circulation.27 Dec 2021
Will Shiba Inu coin hit 10 cents?
Its impossible for Shiba Inu coin to reach 10 cents . Because for it to reach the value, the market capitalization has to be higher than the GDP of the US. The value of the Shiba Inu coin depends on two factors the market cap and the mining dynamics.
Can a Shiba Inu reach 1 cent?
Highly unlikely that Can Shiba Inu Reach 1 Cent. Because for it to reach the value, the market capitalization has to be massive. The value of the Shiba Inu coin depends on two factors the market cap and the mining dynamics. Due to all these reasons, Shiba Inu is highly unlikely to reach 1 cent.27 Dec 2021