Without a doubt, Shiba Inu (CRYPTO: SHIB) probably had the best run in crypto market history. The token absolutely skyrocketed in the first 10 months of 2021. Certainly, some investors got rich very quickly.
But as of this writing, this digital asset, which ranks as the 17th most valuable in the world, is down more than 90% from its all-time high of $0.00008845 in October 2021. And now, investors might be eyeing Shiba Inu in the hopes of another rapid rise.
Can Shiba Inu reach $0.01 per token, amounting to a monster gain of 133,000% from today's price? Let's look at some factors working in its favor, as well as why I don't think this is ever going to happen.
Source Fool.com