Could Shiba Inu Hit $0.15 by 2030?
Shiba Inu (CRYPTO: SHIB) captivated investors last year, soaring over 42,000,000%. The meme token has since fallen 73% from its high, but many investors are more bullish than ever, thanks to efforts like Shibarium, the Shiba Inu metaverse, and burn projects. In fact, some enthusiasts think Shiba Inu could reach $0.15 by 2030, up from today's price of $0.00002391. That implies 412,000% upside over the next eight years.
Is that possible? Let's take a closer look.
Shiba Inu is an ERC-20 token built on Ethereum, meaning it lacks its own blockchain. For that reason, other projects in the Shiba Inu ecosystem -- like the decentralized exchange ShibaSwap -- are also built on Ethereum. As a result, ShibaSwap users must pay the outrageous transaction fees now charged by the Ethereum network. Fortunately, that's about to change.
Source Fool.com
