With the promise of Ethereum bridging and other exciting possibilities, Shibarium, Shiba Inu’s upcoming layer-2 blockchain is now more poised than ever, to revolutionize the blockchain landscape. Shiba Inu: Fair Shot At $1?įirst of all, Shiba Inu has performed excellently in terms of fundamentals. The memecoin’s investors and traders would all like an answer, and here is what we think. The question this article seeks to answer at this point, is: Does Shiba Inu have a fair chance at $0.01 in 2023? Nearly every cryptocurrency experienced a value loss of more than 50% last year, and the price of SHIB fell by about 80%.īut with the crypto market starting 2023 on a positive note, meme coins including Shiba Inu have recently attracted some fresh interest. The memecoin has since risen by 26.8% since 1 January and now trades at the $0.00001 zone. However, as a result of the crypto market’s general decline in 2022. Many anticipated that it would maintain that success the next year. Shiba Inu performed very well from its launch in 2021, and investors were quick to jump on its bandwagon.
SHIB hitting its all-time high is already enough of a challenge
The number of tokens in circulation would have to be burned from more than 500 trillion to around 580 billion to raise the price of SHIB to $0.01. SHIB is still “very” far (-86%) from its all-time high. Shiba Inu has performed excellently in terms of fundamentals this year, with the new Shibarium scaling solution and the network’s venture into metaverse technology.
0 kommentar(er)
