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Should You Buy Shiba Inu While It's Still Below One Cent?

TheMotleyFool

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Should You Buy Shiba Inu While It's Still Below One Cent?: https://g.foolcdn.com/editorial/images/744346/shiba-inu.jpg

Even though the Shiba Inu (CRYPTO: SHIB) token is down roughly 88% from its all-time high, the cryptocurrency is still up massively. The popular meme coin gained 18,600,000% from its low shortly after its launch in 2020.

With Shiba Inu currently trading at roughly $0.00001 per token, the coin could reach a price of $0.01 per token if it were to rise 99,000%. If the cryptocurrency were to deliver that kind of performance, investors who purchased $1,000 worth of the token would see their position grow to be worth more than $990,000.

But could Shiba Inu really hit a price of $0.01 per token?

Source Fool.com

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