If you are thinking, will shiba inu coin reach $1. Yes, there is a high probability but it will depend on the performance, project growth and sustainability.
Well, currency and share market both are the markets of unpredictability and volatility. There is a huge risk and profit on both platforms. You can buy shiba inu coins from a famous cryptocurrency wallet called binance wallet. Shiba inu coin community is always supporting this meme coin and expecting it will reach 1 cent some day.
Will Shiba inu coin reach $1
As per the past performance there is a very high chance of this meme coin to reach $1. However, no one can tell how long it will take shiba inu to reach $1. This project is following the footprint of the first meme coin dogecoin.
Dogecoin has already achieved a big milestone of reaching near $1. Doge coin’s highest price was 0.7316 us dollars. Shiba inu community and investors asking each other will shiba inu coin reach $1.
Through some important points we will analyze and try to understand will shiba inu coin reach $1 in 10 years or in some years. At the moment it is one of the cheapest cryptocurrency that may explode in 2030.
Key points
First of all it is a decentralized currency not owned by anyone, it is a community based currency growing rapidly. It has flipped dogecoin market cap in 2021 and became the biggest community coin.
To encourage the price supply should be limited like bitcoins. Shiba coin 50% tokens are on uniswap and keys are thrown. Due to less supply there is a good chance of price increase hence shiba inu coin future seems bright and it can reach 1 cent in future.
Market cap shows the growth rate of any coin and with a $15.90B market cap this community based coin is consistently growing.
Reasons shiba inu coin reach $1
Some important reasons explaining will shiba inu coin reach $1 someday.
Shiba inu founder
Founder of shiba inu coin is a mystery. However, the anonymous creator of shiba inu is known as Ryoshi. It has no founder and is run by the community and the community has shown extraordinary support to this coin.
Shiba inu unique coin
The anonymous founder Ryoshi did an experiment to see whether the decentralized organization could work with no centralized leadership. Staying with promise Rayoshi stepped away in 2021 and left the token completely in the community’s hand.
Now this token is one of the biggest community tokens i.e led by the community. The experiment of running a coin by community was successful and SHIB token flipped dogecoin and became the most valued meme coin by market capitalization.
Robinhood executive chairman Christine Brown appreciated the community efforts. The community consists of ordinary investors and big whales. Whales are big investors that purchase coins in bulk.
Good thing is the community is not dependent only on big whales instead there are lots of individual investors as well that makes the community one of the strongest communities. Hence, it has a great chance to achieve the one dollar milestone.
Shiba inu coin circulation
According to Shiba on their website they locked 50% token supply on uniswap. After that they threw away the keys and the remaining 50% burnt to Vitalik Buterin.
Shiba inu safe network
As per shiba woof paper it is an ERC 20 token based on ethereum. Proof of work blockchain currently transitioning to proof of stake.
Shiba inu market cap
Shiba inu market cap is $15.90B with an exceptional growth of 8.76%.
| Shiba inu coin | Details |
| Market cap | $15.90B. |
| Volume 24 hours | $3.01B. |
| FDV | $15.90B. |
| Vol/Mkt cap | 18.93%. |
| Total supply | 589.51T SHIB. |
| Circulating supply | 589.26T SHIB. |
| All time high | $0.00008616 (27.10.2021). |
| All time low | $0.000000000056366 (27.10.2021). |
| Shiba inu buying exchanges | Binance, Huobi, Coinbase, Gate.io, Uniswap (V2) and OKEx. |
ShibaSwap
Shibaswap is the decentralized exchange of the shiba inu cryptocurrency. In shibaswap exchange users can trade shiba tokens easily, have easy liquidity and can also swap different tokens, and get a chance to earn governance token BONE.
Shibaswap exchange provides opportunities to users for trading NFT’s, shibatoshis.
| SHIBASWAP Exchange | Details |
| Shibaswap launch date | 6 July 2021. |
| Shiba swap exchange location | It is a mystery like its founder. |
| Countries those can use this coin | All countries are eligible to use it. |
| Coins supported on shiba exchange | Apart from SHIB, LEASH, BONE users can trade several other tokens on the DEX. |
Conclusion – Here you get information about SHIBA coins. A detailed analysis on will shiba inu coin reach $1 is shared. Hopefully you got an idea.
