- On October 27, Shiba Inu reached an all-time high of US$0.00008841.
- The memecoin is making small strides and reaching new milestones.
The value of meme currencies like Shiba Inu and Dogecoin is surging as significant cryptos like Bitcoin and Ethereum remain flat. It is expected that SHIB will acquire value before 2022.
The rising popularity of Dogecoin prompted copycats. One is Shiba Inu. It is no longer considered a duplicate of Dogecoin since the memecoin momentarily overtook DOGE and moved to eighth place in the top 10. On October 27, Shiba Inu reached an all-time high of US$0.00008841, a 17,335,194% increase since creation. But a SHIB value without one zero looks a long way off.
Elon Musk, the Godfather of Dogecoin, shared a photo of his Shiba Inu puppy on Twitter on October 1, 2021. This move directly impacted SHIB, indicating an impending price surge. Later, a Change.org petition urging Robinhood to include Shiba Inu in their trading portfolio garnered over 300,000 signatures. It triggered a tremendous price spike that propelled SHIB to new highs.
Popular analyst Watcher.Guru says SHIB could Reach $0.0001 By the end of 2021. On Nov 23 he tweeted the same.
#SHIB Could Reach $0.0001 By the End of 2021, Claims Financial Analyst https://t.co/ORpM53ZVir
— Watcher.Guru (@WatcherGuru) November 22, 2021
Reaching New Milestones
While the argument rages over whether Shiba Inu is off the radar, the memecoin is making small strides and reaching new milestones. SHIB’s official Twitter account just exceeded 1.8 million followers, surpassing Ethereum’s social media. This suggests that the so-called SHIB Army is alive and well to spread the digital token’s popularity.
It’s improbable that SHIB will lose another zero this year. Shiba Inu, on the other hand, may be an excellent long-term investment, according to Wallet Investor. Price prediction so far is that it will conclude 2021 at US$0.000048, and however, it is expected to grow to US$0.000098 by the end of 2022. SHIB, expected to drop a zero in late 2022 or early 2023.
