Can Shiba Inu Reach $0.01 in 2024?
Shiba Inu (CRYPTO: SHIB) has been a massive winner since its public launch in August 2020, as the meme token is up nearly 12,000,000% in the roughly three and a half years of its existence. This remarkable performance is despite Shiba Inu being down 89% from its all-time high.
As of Jan. 16, this dog-themed cryptocurrency's current price is $0.000009638. But its most bullish supporters might have their sights set on a much higher target in the not-too-distant future: Can Shiba Inu reach $0.01 by the end of 2024?
While it was inspired by its predecessor Dogecoin, Shiba Inu's founders wanted this crypto to have more functionality, so they built it on top of the Ethereum network. This makes Shiba Inu compatible with a wide range of decentralized applications.
Source Fool.com
