Why is Shiba Inu rising?

Neelanjit Das. The prices of Shiba Inu (SHIB) have surged recently. At one point, it jumped by almost 50 per cent. The meme coin was trading at $0.00003013 today, down by almost 8 per cent due to profit booking by some investors in the last 24 hours , according to data from Coinmarketcap.11 Şub 2022

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Why are Shiba Inu down?

There’s some substance behind Shiba Inu, just not very much. When the market slumps, it’s cryptos with less utility and less established reputations that are hardest hit. Part of the reason for the recent crypto crash is that economic uncertainty has driven people out of riskier assets like cryptocurrency .

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Can Shiba Inu reach 1 cent in 2025?

Unfortunately, that’s impossible . With a $1 price tag, Shiba Inu’s market value would reach $550 trillion. For context, global gross domestic product — the value of all goods and services produced across every economy — is expected to reach $94 trillion in 2021 and $116 trillion by 2025.

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