Shiba Inu (CRYPTO: SHIB) had humble beginnings as a dog-themed joke token, not unlike Dogecoin and Floki Inu. If Shiba Inu manages to reach a whole dollar someday, however, the joke will be on the doubters, and early investors will be sitting on multi-bagger returns.
Yet, the road to $1 will inevitably be paved with challenges, and perhaps the biggest one for Shiba Inu will be shaking off its meme-coin reputation. Little by little, however, Shiba Inu appears to be gaining traction as a coin of utility and real-world value. Moreover, an upcoming event could change the nature of Shiba Inu -- and the landscape of cryptocurrency in general -- on a permanent basis.
Mathematically, getting Shiba Inu to $1 will require many multiples of gains from the coin's current price. As Shiba Inu earns recognition and credibility little by little, however, some (though maybe not all) of those zeros to the right of the decimal point could eventually disappear.
Source Fool.com