Can Shiba Inu Coin Reach $1.00 Dollar?
It is likely to say; YES it Can, or NO, that is impossible. Because Shiba Inu had already jumped from 9 zeros to four in just one year equaling today $0.000027 in the market per token. But, right now, we are talking about that Shiba Inu that must surpass 4e-0 to be 100 cents or 1 USD.
Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain. SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap.
Although Shiba Inu is based on the Ethereum blockchain, it will make no sense if it becomes $1 per token. This is because we have to know the right facts about its market cap and its daily volume. While before that, let us know what should happen for Shib to be equaled 1 cent $0.01.
Today, the market cap of the Shiba Inu coin has reached around $15 billion with a daily volume of more than $1 billion. So, now let us only focus on the market cap and compare Shib with other Coins to reach for a quick brilliant answer.
The market cap of Bitcoin is $800 billion while it is only $373 billion for Ethereum, and as we mentioned above SHIB is just $15 billion. As a result, if Shiba Inu would equal 1 cent, its market cap had hit $5 trillion knowing that exactly 10 times bigger than Ethereum and 5 times than Bitcoin.
This is a comparison only for estimating Shib equals 1 cent. Moreover, if Shiba Inu is equaling 100 cents or 1 buck, its market cap must be bigger than anything in this global market, and unlikely that will not easily occur. Plus, to put this value to another perspective, the total global company's market cap is $95.982 trillion according to the 5741 companies measured on the global market.
Apparently, we economically are giving the example and facts about Crypto to see real strategies and how coins can go up or go down. If we go back to last months, we saw how Shiba Inu could quickly reach the moon and jump to be 10th ranked.
Can Shiba Inu Coin Reach $0.0001 This Year?
Last year and exactly on October 28th, 2021, Shiba registered a high record after reaching $0.000088 with $41 billion of the market cap. That simply means Shiba Inu is likely closer and it is a way to hit another zero. Today, the market cap of SHIB is $15 billion while the dollar price is $0.000028. Therefore, Shiba Inu will be equaled $0.0001 when its market cap holds around $54 billion.
This is because of daily trading volume which actually gives the value of the coin market cap to define a coin's price.
Conclusion
According to the coin market cap and daily volume of trading, Shiba Inu Coin is going to hit another zero and conserve its ranking. In addition, it will be possible to make another surprise of jumping again in upcoming years. That probably is going to happen through the volume of daily trading. If you are a SHIB holder, keep it right now and don't sell it until its price is high to get a profit. And again, the best time to buy SHIB is those days, because its price is low.
This is the best strategy to get money through SHIB trading, and you can hold an amount and save it to enjoy after being on the Moon.
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