Shiba Inu’s fluctuating price has been swayed by Elon Musk’s tweets, with the Tesla founder’s controversial comments about cryptocurrency often contributing to the rise and fall of the coin’s value. Here’s what Shiba Inu coin is, its price today (Thursday 28 October) and why it’s down today.21 Oca 2022
Read moreIs Shiba Inu still a good investment?
Well, Shiba Inu has been one of the best performing cryptocurrencies of 2021 . It is still one of the top #15 largest cryptocurrencies by marketcap. But when compared to a Bitgert, it has been beaten as the best crypto investment in so many ways.
Read moreWill Shiba reach half a cent?
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 .9 Mar 2022
Read moreCan a Shiba Inu reach 1 cent?
However, a per token price of $0.01 would imply a market cap in the trillions of dollars. 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 .9 Mar 2022
Read moreCan a Shiba 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 Inu reach 1 dollar?
What makes us think Shiba Inu will reach the $1 cap? The current value of Shiba Inu is $0.000021, so increasing to a dollar would represent an increase of 4,700,000% , although some specialists believe that the growth that the currency has had in the last year makes a new giant leap viable.24 Şub 2022
Read moreCan I buy Shiba coin in India?
Legalities of buying cryptocurrencies in India The value of cryptocurrencies has skyrocketed over the last few years despite it being illegal in several countries. However, it is legal to trade and invest in cryptocurrencies in India, including Shiba Inu .
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