The cryptocurrency industry has witnessed the advent of a range of coins. Meme coins, in particular, have taken over the market. Shiba Inu (SHIB), a relatively new meme cryptocurrency, has become a community favorite. The asset debuted in 2020 and has since grown by 1944604.08%. Can the asset rebound in the coming year and reach the long-awaited 1 cent milestone?
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Current Shiba Inu Price Level
The entire market was on an uptrend. Several assets, including Shiba Inu, are up more than 2% in the past 24 hours. At press time, the meme coin was trading at $0.00002589. Over the past 12 months, the cryptocurrency is up 212%. Shiba Inu climbed to a high of $0.00004534 from a low of $0.000008156 during this period.
Despite its price growth, the asset’s market capitalization has seen increased fluctuations. After entering the coveted top ten earlier this month, SHIB saw a significant decline. Shiba Inu is currently the 14th largest cryptocurrency with a market capitalization of $15.24 billion.
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The penny dream
Shiba Inu is trying to reach the hundred mark for many reasons. The meme coin community was seen betting on this. But the asset needs to jump about 38,530% to reach that level. Given past asset growth, this is not entirely impossible.
According to CoinCodex, the highest level SHIB will reach in the coming year is $0.000113. This represents a 337% increase from its current price level. Additionally, the Shiba Inu will reach this peak in June 2025. This is quite far from the coveted 1 cent mark. The lowest price the meme coin will be at is $0.00002156. The average Shiba Inu price will be around $0.00004533, which is quite high compared to its current price.
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