Dogecoin – When will Shiba Inu reach $1? Should you invest?
New Delhi: Self-hailed as Doge killer, Shiba Inu, has shown great growth in the market. Fans are now wondering if the Shiba Inu coin will follow its predecessor and rival Dogecoin while aiming to hit $1.
Presently, the market worth of Shiba Inu Coin (SHIB) is $ 30.40 billion. Presently Shiba Inu Coin has given 1,970.57 percent returns over the most recent seven days.
The market cap of the coin is 1,000,000,000,000,000 raised eyebrows of financial backers who are still calculating how far it can go.
According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to “give Dogecoin a run for its money”. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.
Stablecoins are currencies that have steady prices and are expected to have low price variation. So, if Dogecoin hits the $1 mark, then it will become a solid currency in the eyes of traders and investors. Therefore, the price of DOGE is unlikely to take a sudden dip. However, it also means that it won’t be going past the $1 mark any time soon.
When will Shiba Inu reach $!?
It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022. By the calculations, there is a very low probability that it will reach $1 by 2025.