The cryptocurrency market had a monster year in 2023, as its market cap skyrocketed from about $800 billion to $1.6 trillion as of Dec. 31. There is certainly some renewed interest from investors when it comes to digital assets.

One of the most speculative, unsurprisingly, is Shiba Inu (CRYPTO: SHIB). Although the token is currently below its all-time high, it has done a wonderful job rewarding investors in the last few years, rising over 45,000% since February 2021.

The dog-inspired cryptocurrency's most bullish supporters likely have their sights set on a bigger milestone. Can Shiba Inu hit $0.01 by the end of this year?

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Source Fool.com