Will Shiba Inu ever reach 1 cent? Know when
As per reports, SHIB has managed to gain over 800% in a matter of weeks and went on to touch the new all-time high.
New Delhi: Self-claimed DOGE KILLER Shiba Inu is still going strong amid many turmoils. The hype is still in the market that whether the meme-coin will last longer in the game or its allure will fade away.
Crypto investors are keeping a close eye on the latest developments around the SHIB as the coin shatters many milestones. Recently its official Twitter handle surpassed 1.8 million followers beating Ethereum. This achievement is not surprising as the coin gained broad popularity since October.
As per reports, SHIB has managed to gain over 800% in a matter of weeks and went on to touch the new all-time high. Right now SHIB is hovering around the $0.000057 price range.
There are many discussions going on in the internet space that whether the coin can sustain itself in the long term, considering its competitor Dogecoin.
Some retail organisations are even considering adopting Shiba Inu as a means of payment, on the other hand, some see this project with skeptical eyes.
Right now, SHIB is riding inside a continuation pattern which eventually suggests a breakout from here. As per experts, an upward spike from here can turn into a massive upswing that can double the market value of the Shiba Inu. This is the reason to keep a close eye on the SHIB.
SHIB to the moon or to Zero?
From a technical perspective, SHIB is gathering good momentum in the market. The meme-coin is getting support from all the social media platforms and has maintained the hype. Shiba Inu’s ‘buy the dip’ strategy has allowed the coin to jump with a huge spike with the aim to eat more zeros in the mid and long term.
As per the WalletInvestors, the Shiba Inu will approximately hit $0.000185 in five years but as the Shiba Inu is surging and capturing the crypto market it is expected that it shatter this price much earlier.