Dogecoin (DOGE) hits historic feat, can Shiba Inu (SHIB) realize the "1 cent dream"?
Cryptocurrency analyst Luis Delgado highlights Dogecoin DOGE's breakthrough of the $0.01 price mark. In December 2013, the world's first meme coin, Dogecoin, entered the market at $0.00056. In August 2014, the coin rose to a high of $0.00232 in just one month before falling to $0.0001. For more than four years since then, Dogecoin has traded between $0.0001 and $0.0002.
At the time, discussions about a rally to $0.01 seemed absurd, as it would take a huge increase to reach this price. However, during the bull run of 2017, the situation quickly changed. Ultimately, the rise peaked at $0.01073 in December 2017.
Forbes made widely varying predictions about how SHIB’s price will play out over the next few years. Industry experts acknowledge that predicting cryptocurrency prices is inherently difficult given the speculative nature of cryptocurrencies and the volatility of the market.
This price range is consistent with the optimistic forecasts often given by analysts in the SHIB community. If SHIB can reach $0.0003 next year, it would represent a staggering 1,700% return on investment for current holders.
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Market sentiment and updates within the Shiba Inu community will play a key role in driving the price of this meme coin higher.
