When we talk about cryptocurrencies there are many things that changed in 2021. It’s been only the first 7 months of the year and the crypto market is not making sense to anyone right now. Many crypto investors have lost faith in the crypto market ever going up. And many new investors are second questioning their choices. Two months ago the crypto market took a big dump leaving the investors at a great loss. Meanwhile, some investors found the opportunity to invest in new coins. In this article, we will tell you about Shiba Inu. A cryptocurrency that is born because of Dogecoin just to defeat it. In this post, we will tell you Will Shiba inu reach $1.
If you are an investor in Shiba Inu or trying to invest in the coin then this article is for you. We will also tell you if the coin will make you reach in near future. And if it is a wise choice to start investing in it right now. So, let’s start by pointing out a few facts before talking about will Shiba inu reach $1.
What Is Shiba Inu Coin
As most of you already know that the coin started as a joke. It was supposed to be a meme and a spoof for Dogecoin. Since Dogecoin is supported by Elon Musk the popularity of the coin grew and that is how Shiba inu was born. But later Elon also promoted the coin and the popularity of Shiba Inu grew a lot. People started investing in the coin and it became one of the best coins to invest in that has a lot of potentials. But then the big dump in the crypto market happened and it took every investor by shock. And people asking the question Will Shiba inu reach $1 were asking if they should take out their money. Well since the coin is growing back we are here to tell you if Shiba inu reach $1 in the near future so let’s start.
Will Shiba Inu Reach $1
When we talk about the coin reaching $1 there is a lot of factors that we have to consider. The first and foremost thing is considering its current trading price. As of now, the coin is trading at $0.000006303. And a few months ago it was trading at $0.0000388. So, you can see that it is a big dump and it puts a stop to the question Will Shiba Inu Reach $1. But since the coin has started to grow more we have to answer the question. So, let’s decode its price prediction from year to year.
Price prediction for 2021
Since we are officially in the 8th month of 2021 there is not a lot of hope about the crypto market. But since the coins have started to grow again there is a possibility that they can reach their previous price. When we talk about Shiba Inu in particular we can see that it could reach 0.000001$ by the end of 2021. So, to be more precise and answer the question Will Shiba Inu Reach $1. It will be a big no. The coin could never reach the $1 mark by the end of 2021.
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Will Shiba inu reach $1 in 2022
As we all know future is uncertain and in the terms of the crypto market it is more uncertain. No one could predict the big dump in the market that happened a few months ago. Same no one could predict what could happen in 2022. But if we see the last few years of the price we will find out that investors will get a lot of profit by investing in Shiba Inu. By the end of 2022, the coin could reach 0.000019$. And that is a 620% increase from the current price. So, once again will Shiba Inu reach $1? the answer is no. It can not reach the $1 mark by the end of 2022.
Price Prediction for 2023
For the coin to reach $1 it has to grow more than 12,000,000%. And seeing the current market trend it sounds impossible. But when we look at its previous jumps we will find that once it grew more than 2,000,000%. So, if something like this were to happen once again the price will go up to the $1 mark. But this seems unlikely to happen in the near future.
Will Shiba inu reach $1 in 2024
Again based on what some experts have to say the coin might touch 0.00056$ at the end of 2023. But there is no hope that it will touch even 0.5$ in 2023. It could only happen when the coin grows at an unexpected rate life something that happened with the bitcoin a few years ago.
Shiba Inu Price prediction 2025
There are three scenarios that we have to look at when taking if the coin could reach $1 at the end of 2025. The first one would be it’s growing more than 12,000,000% at once. If something like this were to happen it will reach more than $1 point. But this can happen theoretically not practically. The second one is if the coin is supported by a lot of people on social media and other platforms. Again this could happen as social media can increase anything. will Shiba inu reach the $1 question does answers itself when we take the help of social media? It will touch the mark.
The third scenario is when we see the 20% growth in the market every month. If it grows like this it will touch the $1 mark. And this could happen as 20% growth we have seen before with other cryptos.
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