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- Shiba Inu has witnessed a rise amid this crypto winter.
- There are some speculations that it will take a thousand years for SHIB to reach $1.
- The meme-coin was trading at $0.00001136 at the time of writing.
Shiba Inu Making Investors Happy
The most admired meme crypto coin Shiba Inu has performed well amid this heavy turbulence in the cryptosphere. It has become one of the most essential digital assets for investors in recent times. Its growth graph remains impressive, considering the present situation from which the investors are running away from the sector.
The meme-coin is becoming the reason for users to turn their backs towards Bitcoin. As of this writing, Shiba Inu was exchanging hands on $0.00001136, up by 0.97% during the past hour. It is dominating the digital assets trying to keep up with the market conditions. Russia-Ukraine war, rising inflation, pandemic are among some reasons for the market crash.
Shiba Inu Will Take Ten Thousand Years To Reach $1
Shiba Inu is still struggling to reach the $1 mark since its inception. Meanwhile, top crypto asset Bitcoin has enjoyed the taste of $69K during 2021. Many experts and crypto enthusiasts believe that it will reach $100K in upcoming years. The Shiba Inu community is thriving hard to increase the value of this well admired meme-coin. Shibburnis among those so-called strategies.
The project is set to reveal four developments in the cryptosphere. These are Shi stablecoin, Shiba collectible card game, Shibarium blockchain, and BONE token. As per some experts, Shibburn portal has played a vital part in escalation of asset’s price during this crypto havoc. The plan appears to work in SHIB’s favor. The token has a total market supply of 589,735,030,408,323 and circulating market supply of 549,063.28 Billion.
In order to reach the desired level, Shib Inu needs to grow by 12,000,000%. Though it has grown by 2,000,000% since the beginning of this year. If we consider the past performances or how it will perform in future, experts believe that the coin will take ten thousand years to reach a Dollar.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
