Can Shiba Inu Reach $1? The Answer Will Blow Your Mind
The total value of all cryptocurrency tokens in existence, as tracked by CoinGecko, currently stands at $1 trillion. That's down 66% from the all-time-high figure of $3 trillion, which was achieved during the speculative frenzy of 2021. But some tokens have plunged even more steeply, and Shiba Inu (CRYPTO: SHIB) is one of them.
The token delivered one of the most lucrative one-year returns in history in 2021 when it soared by 43,800,000%. In other words, a perfectly timed investment of just $3 would have made you a millionaire. But the current picture looks very different, because Shiba Inu has steadily lost 91% of its value at that all-time high.
But could another spectacular run be in the cards? Believe it or not, there's a mathematical possibility Shiba Inu could surge from its current price of $0.000007 all the way to $1. However, it won't necessarily translate to life-changing fortunes. Let me explain.
Source Fool.com
