Can we envision a Shiba Inu that costs one cent in the near future? Investors expecting that SHIB can attain such ATH was maybe understandable. They permit themselves such a fantasy because the cryptocurrency market turmoil has such a significant impact on their assets.
SHIB at Saint-Glinglin for one cent?
Experts and enthusiasts in the field of bitcoin frequently predict that a coin will reach a value of $100,000 or $250,000. Similar profiles that were supported by the Ethereum coin also projected that the currency will climb dramatically in the near future.
Stevan Adriano, a supporter of the Shiba Inu, posed this question on Twitter. According to Shiba Inu main creator Shytoshi Kusama, this investor has the right to pose these queries, dream or not. As a result, he did not think twice about inviting him to briefly descend to earth. He responded as follows:
When 1 Cent— Stevan Andriano (@andriano_stevan) July 13, 2022
Is There Hope for the Shiba Inu?
Although we are a long way from a 1 cent SHIB, the similar currency boom is not that far away. There is first cause to believe that Shiba Inu is set to present a fresh face. The layer-2 Shibarium, the stablecoin SHI, the playing cards Shiba Woof, the SHIB: The Metaverse, or the reward token TREAT are just a few of the initiatives his team has created that are closely related to this.
In a situation where several stablecoins, such Terra UST, lost their parity to the dollar, its algorithmic stablecoin SHI is timely. At the start of March, this led to a number of misfortunes.
However, if investors who have made millions of SHIB commitments wish for a 1-cent Shiba Inu this year, they are not at fault. In fact, the team behind this memecoin was able to maintain a reasonable lead over Dogecoin because to the cruising pace they chose (DOGE). Wasn’t this gap evaluated last week at a rate of 40%?