Launched in August 2020 by a group of anonymous cryptocurrency users, the SHIB token is based on the same Shiba Inu dog meme as rival dogecoin, which itself was created as a joke or meme coin. The developers of Shiba Inu describe it as “an experiment in decentralized spontaneous community building”. Based on the Ethereum blockchain, SHIB is an ERC-20 token that will be the first listed on the ShibaSwap decentralized exchange (DEX)

What Issue Does SHIBA Inu Coin Face?

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Shiba Inu coin has had a run of good fortune recently, preserving off a large dip that different cryptocurrencies have seen, in line with FX Street.

• But the cryptocurrency nonetheless faces a few obstacles. For example, Shib coin has now no longer won a good deal of interest on social media or from speculators, in line with FX Street. If the coin begins to drop, it is able to even lose extra guide considering cryptocurrencies like Shib and Dogecoin rely upon social media hype for investment. David Hsiao, CEO of crypto mag Block Journal, informed The Inverse that Shib coin handiest rises due to the community. So traders have to maintain that during thoughts earlier than investing.
• The different fundamental trouble with Shib coin proper now’s that it’s now no longer as clean to shop for as Dogecoin, that’s to be had on Robinhood, Coinbase Pro, and extra. There is a marketing campaign to get Shiba Inu coin on Robinhood, however, that appears to be a grassroots attempt extra than anything, as I wrote for the Deseret News.

Will The Shiba Inu Coin Hit $1?

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Market Realists laid out the plan for the way Shib coin should attain the $1 benchmark, which has been an aim for Dogecoin supporters.

Ship coin might want to climb 12,000,000% to hit $1. Since January, the coin has jumped approximately 2,000,000% each month. So, it is able to — in theory — hit $1 via way of means of the stop of 2021 if it continues up that growth, in line with Market Realist.

“If Shiba continues that degree of growth, it is able to attain $1 in 2021. However, if it grows on the fee of 20% in step with month, it’d require 5 years to hit $1 the milestone, which factors to 2025 on the earliest,” Market Realist reports.

Where Will Shiba Inu Coin Be In 2025 – Shiba Inu Price Prediction:

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Shiba coin is selling for about $0.0000085 per coin with a market value of $3.4 billion, so there’s still plenty of time to grow.

Per Market Realist, the current predictions suggest Shib coin will reach a value of $0.000019 per coin in 2022 and later hit $0.000061 per coin in 2025.
That would be a near 620% increase from where the coin is at now, which might sound like a good opportunity to invest.

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