I asked Chatgpt if SHIBA INU can hit $0.1 and it said yes, without any doubt.

Disclaimer: The information presented is the writer’s opinion and does not constitute financial, investment, trading, or other types of advice.

The crypto-market has recently experienced a bullish surge, commencing in mid-October. Shiba Inu (SHIB) has notably joined this rally, demonstrating substantial gains over the past month.

Furthermore, Shiba Inu's Shibarium has garnered recognition for its outstanding performance, efficiently processing record requests since its inception.

Amidst the cryptocurrency fervor, meme coins, driven by vibrant communities, have taken center stage. SHIB has emerged as a significant player, riding on the waves of community support rather than real-world utility.

The enthusiasm surrounding SHIB has been such that AMBCrypto previously sought the opinions of AI bots like ChatGPT on SHIB.

Shiba Inu’s Origins and Popularity:

The journey began in 2020 when an enigmatic figure or group, named Ryoshi, initiated SHIB as an ironic tribute to the eponymous Japanese dog breed, also Dogecoin’s (DOGE) mascot. Originating as a parody of the crypto-frenzy, the project started from scratch, embodying the spirit of creating something out of nothing. It was not established from an existing community or a preassembled team.

SHIB, an Ethereum (ETH)-based ERC-20 token, rapidly gained popularity due to its charismatic ShibArmy and strategic endorsements by online influencers. Notably, Elon Musk’s involvement in the Dogecoin world also contributed to SHIB’s meteoric rise. The ShibArmy, a passionate community, played a pivotal role in SHIB’s success, witnessing over a 27,000,000% price rise from January to October 2021.

In July 2021, ShibaSwap, SHIB’s decentralized exchange, made its debut. It marked a paradigm shift by adopting the automated market maker (AMM) model. ShibaSwap allowed users to "dig" (provide liquidity), "bury" (stake), "fetch" (retrieve), and swap SHIB, LEASH, and BONE tokens. The innovative passive income reward system, coupled with a six-month lock rule, introduced a new dimension to the DeFi landscape.