A token that started as a joke has now started to run along with the most important coins. The coin started as a joke to Dogecoin. Yes, the coin that is heavily supported by the tech giant Elon Musk. Even the name “Shiba Inu” is the name of the Japanese mascot of a dog breed. Because of that, no one thought that the coin has any potential or it will reach any point in the near future. In this post we will tell you all about the coin and if you should buy it or not. We will also try to make Shiba Inu Coin Price Prediction for the future. So, if you are planning to invest in the coin or already invest in it do read the article.
What is the Shiba Inu coin?
One big concern among crypto investors has been about security. Since these are all based on online transactions and everything is based on digital token. Investors are always worried about their money. Shiba Inu says that the coin is based on the Japanese dog mascot. And one of the biggest traits of the mascot is loyalty. So, investors do not need to worry about their capital. This feature makes the Shiba Inu Coin Price Prediction somewhat easy compared to other cryptos. The coin presents itself with the features of Bitcoin, Dogecoin and Ethereum. Apart from that, the coin is a variant of the ERC20 token. These features make the coin one of the biggest secure tokens. As of now, the coin is trading at $0.000006971. And the highest it has been till now is $0.00000978 in the past year.
Shiba Inu Coin Price Prediction for 2021
Since we just told that as of now the coin is trading at $0.000007001. And the market cap of the coin is $2,763,951,712 meanwhile, fully diluted market cap is $6,970,829,632. Seeing these figures we can say that the coin has the potential to make it big in the crypto market. Another thing that is worth noticing is the coin has a total supply of 1,000,000,000,000,000 Shiba coins. So, if you invest in the coin you can be sure that the coin will not let you down and it will give you a good return on your investment. By the end of 2021, the coin could touch the $0.000020 mark. But this figure seems inflated now that the coin took a big deep a few days ago.
Will it ever reach $1
After discussing Shiba Inu Coin Price Prediction now let’s talk if the coin has the potential to reach the $1 mark in near future. It is no rocket science that the coin is far away from the $1 mark. And it’s not even increasing at a rapid rate indicates that the coin could reach the point in the near future. To reach the $1 mark by the end of 2025 the coin has to register a continued growth of 20-25% each month. But since we all have seen this is quite impossible. So, the coin will not reach the $1 mark in the near future unless there is a miracle to happen. Although the coin has potential and it will give you a good return on your investment.
Stay tuned with the global coverage for more updates.