Since the token showed its true potential for growth, the financial media and SHIB have been rooting for the token to hit the US$1 mark. But currently, the journey to the US$1 mark is quite long , considering Shiba Inu’s present market value is around US$0.00002133, according to coinmarketcap.
Read moreCan Shiba coin reach $1?
According to Fool, Shiba Inu’s only chance of hitting a $1 dollar valuation is if major coin burns take place . Currently there are 549,000,000,000,000 SHIB tokens circulating in the market.
Read moreCan Shiba hit 10 cents?
Its impossible for Shiba Inu coin to reach 10 cents . Because for it to reach the value, the market capitalization has to be higher than the GDP of the US. The value of the Shiba Inu coin depends on two factors – the market cap and the mining dynamics.
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