Can Shiba Inu Reach $0.01?
Shiba Inu (CRYPTO: SHIB) soared a mind-boggling 45,000,000% last year, mainly due to support from fans known as the Shib Army and hope that this young cryptocurrency would take off. But even with such an enormous gain, Shiba Inu's price remains at a fraction of a cent.
What could lift Shiba Inu from this point? Well, two huge catalysts lie ahead. I'm talking about launches of a layer-2 scaling solution and a metaverse project. If Shiba Inu ever had reason to climb, it's now. But are these two elements enough to help Shiba Inu reach the level of one cent? Let's find out.
First, a little background on this popular meme token. Shiba Inu, as you might have guessed by now, is named after a Japanese dog breed. It's no surprise the Shib Army has driven gains. After all, Shiba Inu was created as "an experiment in decentralized spontaneous community building," according to the cryptocurrency's whitepaper.
Source Fool.com
