Can Shiba Inu Reach $0.01?
Shiba Inu (CRYPTO: SHIB) was once one of the hottest investments anyone could have made. The speculative cryptocurrency skyrocketed from $0.0000000001194 to $0.00008845 in the first 10 months of 2021. That translates to a jaw-dropping 74,000,000% return. Good luck finding a better-performing asset.
As excitement has cooled dramatically, this dog-themed token currently trades 79% off its peak price. But can it rise 538-fold to one day each $0.01? Let's take a closer look at Shiba Inu.
Shiba Inu was created to have more functionality than its inspiration, Dogecoin. So, it was made to be compatible with Ethereum, which makes it useful when it comes to a vast array of decentralized applications.
Source Fool.com
