Shiba Inu coin (SHIB) is easily the hottest new form of cryptocurrency. Nicknamed the “Dogecoin killer,” many investors are wondering if Shiba Tokens will eventually be worth a penny or even a dollar. So, can Shiba Inu coin reach 1 cent or $1? Here’s the latest on whether or not SHIB will continue to go up in price.
Will Shiba Tokens (SHIB) increase in value?
The Shiba Inu coin valuation will keep increasing if traders continue to invest. Shiba Tokens (SHIB) still have a long way to go before they’re worth 1 cent or $1, however, so that isn’t likely to happen anytime soon.
Crypto is a volatile marketplace, where huge swings in either direction can take place multiple times a day. As such, it’s hard to predict the future of any fledgling cryptocurrency with a high degree of accuracy. For the sake of comparison, it took DOGE nearly a decade to reach a valuation of 1 cent. If the hype surrounding SHIB doesn’t die down it could reach the milestone in less time, but there are no guarantees.
Part of the reason for Shiba Tokens’ current popularity is Elon Musk’s appearance on Saturday Night Live. That’s currently fresh in the zeitgeist, but once it all blows over SHIB could fall off. At the time of writing, SHIB is way up for the week (+1,443%) and yet down versus yesterday (-11.62%). That isn’t a harbinger of doom, though, even at the height of popularity, Shiba Inu coins aren’t infallible.
Planning to invest in Shiba Tokens? Exchanging a sensible amount at this early stage isn’t overly risky, so here’s how to buy SHIB.
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