If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .
Read moreWhat is happening to Shiba coin?
The SHIB token is currently down roughly 66% from the lifetime high it hit at the end of October . After the last day of sell-offs, the coin now has a market capitalization of roughly $15.9 billion, and it ranks as the 14th largest cryptocurrency by valuation.
Read moreWhat’s the value of Shiba Inu coin?
0.00182.02%Volume: 4,226 Cr. … Shiba Inu Price Update. Shiba Inu PriceValueToday/Current/Last0.00181 Day Return2.02%7 Day Return-2.03%Shiba Inu price live today – Cryptocurrency – The Economic Times m.economictimes.com › shiba-inu-price › cryptodetail › symbol-shib
Read moreCan Shiba Inu coin reach a penny?
The value of the Shiba Inu coin depends on two factors – the market cap and the mining dynamics. … Also, since the token is based on Ethereum, it does not make sense that it will surpass Ethereum in market cap value. Due to all these reasons, Shiba Inu is highly unlikely to reach 1 cent .
Read moreCan Shiba hit half a penny?
Shiba Inu trades for such a small fraction of a penny because its supply is so large . There’s currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion.
Read moreCan Shiba coin reach 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 issue with SHIB is that there are already 589 trillion coins in circulation. This is also one reason for its extremely low value.
Read moreCan a Shiba Inu hit 1 dollar?
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.
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