Will Shiba Inu Coin Reach 1 Cent?

The question of whether the price of Shiba Inu currency could continue to eat zeros and reach the one cent figure is still actively being asked. On one hand, Peter Mallouk, CEO of Creative Planning, has stated that SHIB could eventually fall to zero. On the other hand, some retail organisations are considering adopting Shiba Inu as a means of payment. Crypto investors are keeping a close eye on the latest developments surrounding SHIB, as the coin breaks many milestones. Recently, its official Twitter account surpassed 1.8 million followers, surpassing Ethereum. This achievement is not surprising, as the currency gained widespread popularity since October. Shiba Inu emerged as one of the most traded tokens this week, surpassing dogecoin, making significant gains this week following unconfirmed speculation that Robinhood may be preparing to list. Elon Musk has revealed that he himself does not own any Shiba Inu coins, but does own Bitcoin, Ethereum and Dogecoin. All crypto-investments are risky, but meme coins like Shiba Inu are especially volatile, and you should be prepared to lose everything you invest. On its website, Shiba Inu Coin calls itself "an experiment in decentralised spontaneous community building". The value of the Shiba Inu coin has risen 19.8 percent in the last 24 hours, according to CoinMarketCap. Experts believe that a spike from here could turn into a massive rally that could double Shiba Inu's market value. The hype surrounding Shiba Inu (SHIB) is still there amid ongoing discussions on whether or not it is fading due to recent metrics on the chain. Ms Tatibouet added that Mr Musk's picture of Shiba Inu was one of the main drivers of the meme-based digital currency's price rise. According to the expert, Shiba Inu has grown by more than 8,000n in the past year, but its future performance is "susceptible to extreme volatility and therefore investors should be cautious". Some traders are considering or even adopting the Shiba Inu currency as a means of payment, but others view the project with sceptical eyes. Although Shiba Inu has already experienced historic price rises this year, many do not see the hype stopping any time soon. Shiba Inu was created in response to the huge popularity of DOGE and hopes to capitalise on that enthusiasm. The Shiba Inu is a breed of hunting dog from Japan, but cryptocurrency enthusiasts know this creature more as the face of a new digital currency.