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Shiba Inu reached an all-time high of $0.000086 in 2021, and it ended that year with a total gain of 45,278,000%, which remains one of the best annual returns in the history of financial markets.
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.
This reality makes it easy to be pessimistic about Shiba Inu's ability to introduce real-world utility. ... I also don't expect the token's price to rise an astronomical 113-fold to reach $0.01 in ...
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.
Shiba Inu: SHIB Ryoshi PoS: 2020 Polkadot: DOT Gavin Wood: Rust: PoS: 2020 Solana: SOL Anatoly Yakovenko Rust: PoS: 2021 DeSo: DESO Nader al-Naji (aka diamondhands) [76] Go [77] PoW [78] Also a social media platform, resembling Twitter. [79] [80] Known as BitClout until September 2021. [76] 2021 SafeMoon: SAFEMOON SafeMoon LLC Solidity [81] PoW ...
At the current token price, Shiba Inu has a market capitalization of about $18 billion. Simple math suggests that at a price of $1 per token, its market cap would be $589.3 trillion.
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.
Few assets have demonstrated more millionaire-maker potential than Shiba Inu (CRYPTO: SHIB), a controversial cryptocurrency that soared by 45,278,000% in 2021. Now, Shiba Inu is rising once again.
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