Can Shiba Inu Reach $1?
Shiba Inu currently has a market capitalization of roughly $4.7 billion, and it ranks as the 17th-largest cryptocurrency by overall valuation. Despite falling roughly 91% from the lifetime high that it reached in October 2021, the token is still up more than 14,200,000% from the price it debuted at. While the popular meme-themed cryptocurrency has seen volatile trading, it's also made fortunes for those lucky enough to have bought and sold at opportune times.
Given that Shiba Inu currently trades down massively from its high and has already demonstrated explosive potential, it's possible that the cryptocurrency could go on another powerful run. Some have even speculated that it could eventually hit a price of $1 per token, potentially turning a $100 investment in the token today into more than $12 million. Could this really happen?
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Source Fool.com
