Following the 2021 bull market, Shiba Inu (SHIB) dominated the memecoin industry with a 45,000,000% rally. The bullish momentum has pushed it to trade on most traditional exchanges. The question most analysts are asking is: will the Shiba Inu hit $1?
The reduction involves considerable symbolic burning, which, at the current rate, would take at least 20,000 years. However, factors such as global crypto adoption, DeFi expansion, and a strong community could boost SHIB’s growth, even if reaching $1 remains a long-term dream.
New crypto outperforms Shiba Inu with unique Asia-based focus, higher staking rewards (up to 1,200%), capped supply, and transparent presale, making it a good crypto to buy. Shiba Inu, on the other hand, is struggling with huge supply issues.
Shiba Inu was on January 21, 2025, losing around 2.02% last week.