For those interested in cryptocurrency, the Shiba Inu is more of a symbol than a regular Japanese hunting dog breed, and they may recognize it as such. In response to rumors that Robinhood will list Shiba Inu, the token grew in popularity and surpassed dogecoin in terms of the trading volume.
Shiba Inu ownership is on the increase in the United States.
Consequently, there are coins that have no business at the top of the heap periodically finding themselves there due to this phenomenon, making the cryptocurrency market incredibly volatile and unpredictable.
On the other hand, Elon Musk’s remark sparked a new spike in bitcoin’s value. Shiba Inu prices have risen as a result of Elon Musk’s new pet dog, Floki. The token’s value jumped by almost 20% when Elon Musk tweeted a new picture of Floki Frunkpuppy on Monday.
Shiba Inus Price Prediction
Shiba Inu Coin supporters have risen to the occasion once Dogecoin’s popularity waned. Elon Musk is now in charge of SHIB price changes, thanks to the internet’s adoration for his dog, which he has supported throughout his life.
A rise in the token’s value that is not supported is seen as harmful by experts. Top investors anticipate that the coin’s value will only reach $0.000018 by the end of the next year. Crypto industry experts and companies predict that this currency will not hit $1 anytime soon.
As a joke, SHIB quickly became serious when its founders disclosed their objectives, including the construction of an NFT network based on the Shiba Inu Network, and quickly garnered traction with investors.
SHIB’s ERC-20 token is based on Ethereum’s ERC-20 standard. Shibas have earned the moniker “Dogecoin Killers” for their penchant for stealing digital currency like Dogecoin.
Shiba Inu’s price soared early this year when Vitalik Buterin utilized almost half of the available supply, causing a surge in interest.
The Shiba Inu coin’s value might reach $1 in the future, but when will that be possible?
The recent increase in interest in SHIB, which is currently ranked 9th on CoinMarketCap, is attributed by cryptocurrency experts to an increase in social media activity.
According to Ms. Tatibouet, the current price increase of the meme-based digital currency may be partly due to Elon Musk’s Shiba Inu picture.
According to the expert, Shiba Inu will be worth many billions of dollars if the currency reaches $1. This is not going to happen anytime soon, in our opinion.