The cryptocurrency market never ceases to amaze, with its roller-coaster trends and speculative buzz. One of the coins at the center of attention in recent years is Shiba Inu (CRYPTO: SHIB), a meme coin that has captured the imagination of many investors.
As an ERC20 token on the Ethereum network, Shiba Inu enjoys solid security and the powerful ability to execute smart contracts, but its developers made several choices that make this coin less useful than other Ethereum offshoots. Still, a smart marketing effort using incredibly cute dogs has kept Shiba Inu in the headlines, despite its plunging token price.
A burning question in the minds of these enthusiasts is whether Shiba Inu can hit the elusive $0.01 mark. It's just a penny per digital coin -- that sounds reasonable, right?
Source Fool.com