Shiba Inu (CRYPTO: SHIB) has only traded at fractions of a penny since its launch nearly four years ago. The meme token, which was created as a parody of Dogecoin (CRYPTO: DOGE), started trading at $0.000000000056, hit an all-time high of $0.000086 in October 2021, but now trades at about $0.000018.

However, that means a $100 investment would have grown to $153.57 million before shrinking back to roughly $30.36 million today. That's an impressive gain, but some bullish investors believe Shiba Inu could still rise more than 58,700% to $0.01.

That view is backed by Lucie, a leading Shiba Inu team member who once told her 143,700 followers on X that she "always believed" it could hit $0.01. So should investors buy Shiba Inu while it's still trading far below that target?

Continue reading

Source Fool.com