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It’s difficult to picture a meme coin such as Shiba Inu having anything in common with a leading cryptocurrency such as Bitcoin, isn’t it? Indeed, it does! As with Bitcoin, no one knows who the genuine founders of Shiba Inu are. SHIB was created by someone, or maybe a group, known as Ryoshi.
Despite the fact that its creator is unknown, Shiba Inu has developed dramatically in the last two years. Dogecoin Killer, Shiba Inu’s motto, is no longer simply a slogan. Shiba Inu currently has a good chance of unseating Dogecoin as the most popular meme currency.
Shiba Inu has a market value of $13.69 billion as of April 2022, placing it 15th in terms of market capitalisation. SHIB is trading at $0.00002499 at the time of writing and is accessible on all major cryptocurrency exchanges.
Is Shiba Inu Worth $10?
The Shiba Inu Coin’s price has been continuously increasing, but it will never hit $10. It is just mathematically impossible, considering the enormous quantity of SHIB in circulation. If Shiba Inu’s market value reaches $10, it will be greater than the GDP of the United States and numerous other western countries combined. This is exceedingly improbable, much more so for a meme currency.
Apart from the absurd market capitalization, Shiba Inu reaching $10 would need an impossible amount of demand. To put this into perspective, it would need a 40,209,087.2 percent rise in Shiba Inu. This is very improbable for two reasons: To begin, Shiba Inu is already more than 30,000,000% over its initial price.
To increase by another 40,000,000%, there would need to be a more compelling cause than hype. Second, unlike in 2020, when SHIB and DOGE garnered all of the meme coin market’s attention, there are now hundreds of new, lower-cap meme coins with more growth potential.
Clearly, Shiba Inu reaching $10 is implausible. Shiba Inu’s realistic objective should be $1.
Shiba Inu, on the other hand, cannot reach $10. This would result in SHIB having a market capitalization greater than that of whole nations, making it exceedingly implausible.
Rather from betting on SHIB ever hitting $10, it is prudent to invest in high-value cryptocurrencies. These are cryptocurrencies with significant use cases that are gaining traction in terms of adoption. Bear in mind that cryptocurrencies are high-risk investments, and you might lose all of your money.
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