### Here’s How Shiba Inu Could Spike to $1.2
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The ongoing mild recovery in the broader market has impacted Shiba Inu’s price, which has jumped by 6.56% in the last 24 hours. Yesterday, Shiba Inu surged past the $0.000015 mark, prompting positive predictions from market analysts.
**CoinW Predicts SHIB Could Hit $1**
This week, the leading crypto exchange CoinW predicted that SHIB’s price could skyrocket by 7,627,665% to reach $1. CoinW made this bold forecast alongside predictions like Bitcoin hitting $100,000 and Cardano (ADA) surging to $5.
However, CoinW’s prediction of SHIB reaching $1 raised eyebrows in the crypto community due to SHIB’s massive circulating supply of 589.27 trillion tokens. To reach $1, SHIB would need to eliminate four zeros from its current price.
**SHIB Could Reach $1.2 If It Repeats Its 2020/2021 Success**
If Shiba Inu repeats its massive growth from 2020/2021, it could potentially surpass CoinW’s $1 prediction and hit $1.2. Between 2020 and 2021, Shiba Inu’s price increased by an astonishing 76,000,000%.
Shiba Inu, which started as just another memecoin in August 2020, gained immense popularity after Ethereum’s founder, Vitalik Buterin, burned 410 trillion SHIB tokens and donated the rest to charity. This move, along with SHIB being listed on major exchanges like Binance and Coinbase, fueled its rapid rise.
