Contrary to the overall market, Shiba Inu [SHIB] is trending upwards. The memecoin has risen by about 3% over the past day, exceeding expectations. At the time of writing, the asset is trading at $0.00001684. SHIB rose to a high of $0.00001700 earlier today. Due to this rise, the SHIB market continues to be full of hope. Some even say that the memecoin will repeat the surge of the 2020 and 2021 bull run. But if the asset were to replicate this move, how high could SHIB potentially soar?
During this period, the price of Shiba Inu increased by 76,000,000%. Several investors who invested just $12 in 2020 realized a return of $1 million in 2021. This happened after Ethereum co-founder Vitalik Buterin decided to destroy a staggering 410 trillion SHIB tokens. During this period, SHIB surged to an all-time high of $0.00008845 in October 2021.
Can Shiba Inu population surge by 76,000,000% again?
The market is uncertain and it is difficult to predict the future of these tokens. But there is potential in the meme coin market as well and SHIB might repeat this move. Currently, SHIB aims to recapture the $0.000016 price range. The price of Shiba Inu has fallen by 82% from its all-time high of $0.00008845 to its current levels. Some analysts believe that SHIB might surpass this all-time high. Some expect that the asset might even delete zero soon. Others believe that the coin will surge to $0.00045. It is worth noting that if the surge in 2020-2021 repeats itself, Shiba Inu will surpass all of these expert targets.
SHIB should reasonably reach a market cap of $709 trillion. However, achieving this goal is almost impossible and extremely costly. Therefore, the chances of this pattern repeating itself are slim.
Contrary to the overall market, Shiba Inu [SHIB] is trending upwards. The memecoin has risen by about 3% over the past day, exceeding expectations. At the time of writing, the asset is trading at $0.00001684. SHIB rose to a high of $0.00001700 earlier today. Due to this rise, the SHIB market continues to be full of hope. Some even say that the memecoin will repeat the surge of the 2020 and 2021 bull run. But if the asset were to replicate this move, how high could SHIB potentially soar?
During this period, the price of Shiba Inu increased by 76,000,000%. Several investors who invested just $12 in 2020 realized a return of $1 million in 2021. This happened after Ethereum co-founder Vitalik Buterin decided to destroy a staggering 410 trillion SHIB tokens. During this period, SHIB surged to an all-time high of $0.00008845 in October 2021.
Can Shiba Inu population surge by 76,000,000% again?
The market is uncertain and it is difficult to predict the future of these tokens. But there is potential in the meme coin market as well and SHIB might repeat this move. Currently, SHIB aims to recapture the $0.000016 price range. The price of Shiba Inu has fallen by 82% from its all-time high of $0.00008845 to its current levels. Some analysts believe that SHIB might surpass this all-time high. Some expect that the asset might even delete zero soon. Others believe that the coin will surge to $0.00045. It is worth noting that if the surge in 2020-2021 repeats itself, Shiba Inu will surpass all of these expert targets.
SHIB should reasonably reach a market cap of $709 trillion. However, achieving this goal is almost impossible and extremely costly. Therefore, the chances of this pattern repeating itself are slim.