The broader cryptocurrency market has taken a beating in 2022. After peaking at nearly $3 trillion in value in November, the entire industry has fallen as higher interest rates and a looming recession spooked investors. As of this writing, the crypto market was worth just over $1 trillion. 

Some of the most speculative cryptocurrencies, like Shiba Inu (CRYPTO: SHIB), have been absolutely hammered in 2022. But supporters of the dog-inspired meme token aren't losing hope and are patiently waiting for it to hit a lofty milestone. 

Let's find out if Shiba Inu can one day reward investors and reach $1 per token. 

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Source Fool.com