Why is Shiba Inu market cap so high?

Interestingly, Shiba Inu has emerged as “The Dogecoin Killer” beating the likes of cryptocurrencies such as Uniswap, Luna, USD Coin, Polkadot and XRP in market cap terms. The rise is speculated to be fuelled after tech billionaire Elon Musk , tweeted a photograph of the SHIB coin going to the Moon on October 18.

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Can Shiba reach 50 cents?

Yes you can invest in such coins for short term and also get good returns . But it is difficult to say how meme coins will perform in the long term. the current price of Shiba Inu coin is $0.000006231. And there is a continuous decline in the price of the coin.15 Haz 2021

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How high can Shiba Inu coin go?

How high can Shiba Inu go? Many investors in the Shiba Inu community discuss when it will reach $0.01 or even $1 , but the question is far from useful. If Shiba reached $0.01 at around the same token supply, its market capitalization would be more than 4 times what Bitcoin’s is today.

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