The Shiba Inu (CRYPTO: SHIB) token has proved naysayers wrong more than a few times. The price of the meme cryptocurrency soared 49,000,000% in 2021, far outpacing anyone's expectations. But could SHIB, which is priced at $0.00002193, put up similar gains in 2022 and reach $1?
Not likely.
To get there, the cryptocurrency would need to rise by roughly another 4,000,000% on top of what it's already accomplished. That's a feat that even the most wildly popular meme cryptocurrency would have a difficult time achieving.
Source Fool.com