Where Will Shiba Inu Be in 1 Year?
Shiba Inu (CRYPTO: SHIB) is worth about $6 billion (as of Oct. 20), putting it just outside of the top 20 cryptocurrencies. At first, that looks like an impressive market cap for a meme coin. But when it hit an all-time high in 2021, it had a market cap of $41 billion, so Shiba Inu has had a steep fall since its glory days.
Fortunes change quickly in the crypto market. Just last year, Shiba Inu's price increased by 105%. If you've been thinking of buying the dip on this meme coin, let's take a look at Shiba Inu and where it could be in a year's time.
Image source: Getty Images.
Source Fool.com
