Can Shiba Inu Reach $1? This $589 Trillion Problem Stands In the Way
The cryptocurrency industry is on the rebound this year after a miserable 2022. It's being led by the largest token, Bitcoin (CRYPTO: BTC), which has generated a year-to-date gain of 83%. Crypto-focused companies are also experiencing a lift, with the share price of Coinbase more than tripling so far in 2023.
But the smaller, more speculative end of the market is being left behind. Shiba Inu (CRYPTO: SHIB) generated arguably the greatest return in financial-market history in 2021 with a gain of 43,800,000%, but it plunged 76% in 2022, and it's trading down 1% this year.
The Shiba Inu community is hopeful for a return to glory, and it's working on a series of initiatives to help jump-start the token's price. It currently trades at $0.000008, so could it deliver yet another historic gain and surge to $1? It will have to solve a major mathematical problem if it has any chance at all, and here's why.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 36 Buy predictions and 19 Sell predictions.
On the other hand, the target price of 182 € is below the current price of 206.25 € for Coinbase Global Inc., so the potential is actually -11.76%.
