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However, Shiba Inu is still trading 65% below its all-time high, which was set during 2021. It delivered a spectacular return of 45,278,000% that year, which would have been enough to turn an ...
Image source: Getty Images. Shiba Inu could reach $1, but the end result might surprise investors. To justify a price of $1 per token, 99.99998% of all tokens would have to be burned.
At $0.01, Shiba Inu's market value would be a gargantuan $5.9 trillion (based on the current token count), making it more valuable than the most dominant tech businesses shaping our economy today.
Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". [1] It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin , another cryptocurrency with meme origins.
The Shiba Inu (CRYPTO: SHIB) cryptocurrency opened at a price of $0.00000000008 per token in 2021 before soaring by a whopping 107,499,900% to a peak of $0.000086 in October of that year. But ...
Peanut Butter, a 3-year old Shiba Inu, showcases his custom video game controller in 2023. He is the world's first speedrunning dog. Despite not being a popular dog breed outside of Japan, the Shiba Inu has become popular on the Internet. Doge is an Internet meme from originally from 2013 characterized by Kabosu, a Shiba Inu, and broken English.
Right now, Shiba Inu has a market cap of nearly $11 billion. The next-closest meme-coin competitor, Pepe, has a market cap of $5 billion. If these two meme coins swap places, then Shiba Inu could ...
The most notable example is Dogecoin, a memecoin featuring the Shiba Inu dog from the Doge meme. [54] Memecoins are known for extreme volatility; for example, the record-high value for a Dogecoin was 73 cents, but that had plunged to 13 cents by mid-2024. [54] Scams are prolific among memecoins. [54]
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