Can Shiba Inu Reach $1? Here's Why 589.6 Trillion Is the Key Number
The cryptocurrency market has begun to thaw after a deep freeze throughout 2022. The combined value of all cryptocurrencies in existence has risen 27.5% in 2023 so far, which is a better return than all of the U.S. stock market indexes.
But meme token Shiba Inu (CRYPTO: SHIB) has climbed more than double that, with a year-to-date gain of 57%. That pales in comparison to its history-making 2021 return of 43,800,000%, which made millionaires out of investors for just a few dollars if they timed the run perfectly.
With renewed optimism creeping into the crypto sector this year, Shiba Inu enthusiasts might be wondering if history is set to repeat itself. Could it stage another record-breaking run? Is a price of $1 within the realm of possibility?
Source Fool.com
