Here’s One Way Shiba Inu Could Spike to $1.2
🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ

The ongoing mild recovery across the broader market is reflected in Shiba Inu’s price, which has surged 6.56% in the daily chart. Amid the mild recovery, Shiba Inu surged above the $0.000015 territory in the late hours of yesterday. 

Following its remarkable performance, several market watchers and analysts have issued favorable projections for the dog-themed token. 

CoinW Predicts SHIB Could Hit $1 

As reported this week, leading crypto exchange CoinW hinted that SHIB’s price could soar by a whopping 7,627,665% to $1. CoinW made this forecast alongside a series of other bold predictions, such as Bitcoin hitting $100,000 and Cardano (ADA) surging to $5. 

As expected, CoinW’s prediction of Shiba Inu hitting $1 sent shockwaves into the crypto community due to the asset’s hefty circulating supply of 589.27 trillion tokens. Moreover, surging to $1 requires SHIB to eliminate the four zeros after its decimal. 

SHIB Could Hit $1.2 If It Repeats Its 2020/2021 Success Story 

Nonetheless, if the asset replicates its 2020/2021 success, Shiba Inu’s price could potentially increase beyond CoinW’s $1 projection to $1.2. It bears mentioning that Shiba Inu recorded an impressive growth of 76,000,000% between 2020 and 2021. 

Shiba Inu, which launched in August 2020 as just another memecoin in the market, gained immense popularity a few months later. Its popularity surged tremendously after Ethereum founder Vitalik Buterin, who received 50% of SHIB’s total supply from Shiba Inu founder Ryoshi, burned 410 trillion of these tokens and donated the remaining to charities. Also, several crypto exchanges, including Binance and Coinbase, listed SHIB for trading. 

#SHIB #ShibaInu #Dogecoin #Memecoins #Altcoins $SHIB $DOGE $BTC