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Can Shiba Inu Reach $0.01?

TheMotleyFool

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Can Shiba Inu Reach $0.01?: https://g.foolcdn.com/editorial/images/750636/shiba-inu-dog.jpg

You would be hard-pressed to find a single asset that outperformed Shiba Inu (CRYPTO: SHIB) in 2021. Enthusiasm around the most speculative cryptocurrencies hit unprecedented levels, a bubble that popped faster than it started. As of this writing, Shiba Inu is 92% below its peak price.

Looking ahead, is it a realistic scenario for the price of one Shiba Inu token to reach $0.01? Based on today's price of $0.000006858, this implies an enormous gain of roughly 148,000%. While that would make some strong HODLers (crypto lingo for "holders) of this dog-themed digital asset wealthy beyond their wildest dreams, I think it's completely out of the question.

Here's why I don't think Shiba Inu will get to $0.01.

Source Fool.com

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