The Shiba Inu (SHIB) network is notable for many reasons. But today, the meme coin is making headlines for having the biggest gain. The asset is up nearly 5% in the past 24 hours. At press time, SHIB is trading at $0.0000157, according to CoinMarketCap. Notably, Shiba Inu traded as low as $0.0000147 earlier today.

Notably, SHIB has been on the rise over the past few days. Over the past seven days, the asset has surged 12%. The latest uptrend in the meme coin has further fueled the bullish sentiment in the market. Some even believe that the asset could repeat its 2021 rally and surge by 7,692,207%.

Is $1 a reality for a Shiba Inu?

2020 and 2021 were the golden years for Shiba Inu. In 2020, early investors invested only $12 in SHIB and received a return of $1 million or more. Notably, this increase was equivalent to a gain of 7,692,207%. The success of Shiba Inu encouraged more investors to buy SHIB as they expected the token to repeat its 2021 surge during the 2024-2025 bull run.

If SHIB’s price level increases by 7,692,207%, the asset’s value will rise to $1.1. Assuming the token’s circulating supply remains unchanged at 589.27 trillion, this price increase could push Shiba Inu’s market cap from $84.1 billion to $647.68 trillion. While it may seem unrealistic for a meme coin to rise to such highs, SHIB has already managed to do it once. Therefore, the community would not be surprised if the asset reaches this level again.

The Shiba Inu (SHIB) network is notable for many reasons. But today, the meme coin is making headlines for having the biggest gain. The asset is up nearly 5% in the past 24 hours. At press time, SHIB is trading at $0.0000157, according to CoinMarketCap. Notably, Shiba Inu traded as low as $0.0000147 earlier today.

Notably, SHIB has been on the rise over the past few days. Over the past seven days, the asset has surged 12%. The latest uptrend in the meme coin has further fueled the bullish sentiment in the market. Some even believe that the asset could repeat its 2021 rally and surge by 7,692,207%.

Is $1 a reality for a Shiba Inu?

2020 and 2021 were the golden years for Shiba Inu. In 2020, early investors invested only $12 in SHIB and received a return of $1 million or more. Notably, this increase was equivalent to a gain of 7,692,207%. The success of Shiba Inu encouraged more investors to buy SHIB as they expected the token to repeat its 2021 surge during the 2024-2025 bull run.

If SHIB’s price level increases by 7,692,207%, the asset’s value will rise to $1.1. Assuming the token’s circulating supply remains unchanged at 589.27 trillion, this price increase could push Shiba Inu’s market cap from $84.1 billion to $647.68 trillion. While it may seem unrealistic for a meme coin to rise to such highs, SHIB has already managed to do it once. Therefore, the community would not be surprised if the asset reaches this level again.