SHIBA INU – Can it reach 1 cent?

“Can Shiba INU reach 1 cent?” has been trending on Google Search and Twitter.

Shiba Inu (ticker: SHIB), also known informally as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”. (source: Wikipedia)

Shiba has raised about 55%, since Elon Musk tweeted about his pet Floki Frunkpuppy. The tweet caused the hashtag #SHIB and #shibarmy to trend and everyone suggesting to buy and hold SHIB. 

If celebrities promote SHIB as they did for DOGE coin, price will raise similarly. DOGE raised from 1cent to 70cents based on hyped promotions and tweets form investors like Elon Musk, Mark Cuban and others. As SHIB price raises and looses each decimal zero you will be closer to earning more and more profit. As of now (October 5, 2021 9am EST) SHIB is trading at price 0.00001545, and you can get about 62.5 million coins for $1000. 

Take a wise decision and make sure to invest only the money you can loose if it doesn’t go as expected, as the value is extremely volatile, and is purely dependent on the hype.

Image: Pexels

3 thoughts on “SHIBA INU – Can it reach 1 cent?”

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