Can Shiba Inu Reach $1? Yes, but It Could Take 27,006 Years! Let Me Explain.

In 2021, the Shiba Inu (CRYPTO: SHIB) token delivered a return of 43,800,000%, which remains one of the most incredible gains in the history of finance. For perspective, Shiba Inu would have turned a perfectly timed investment of just $3 into more than $1 million!

But the token has plunged in value by 92% from its all-time high, leaving many late-coming investors nursing substantial losses. Several factors have contributed to the decline, including negative sentiment toward the cryptocurrency industry as a whole and Shiba Inu's own failure to garner widespread adoption. 

So is Shiba Inu down for the count, or could it return to deliver another blockbuster gain for investors? There is one way the community could manufacture a spectacular run from the token's current price of $0.000007 all the way to $1, but the result might not be what investors expect. I'll explain below.

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Source Fool.com