Can Shiba Inu ever reach a penny?


Shiba Inu, just yesterday, was listed on Coinbase. And recently before that, Elon Musk adopted a Shiba Inu and the price of the coin rose significantly. Shiba Inu has increased about 9,500,000% over the year. It was coined the dogecoin killer because of expectations of beating dogecoin. With the recent price correction over the entire crypto market, with regards to El Salvador's legal tender change, the bull market run has seen a pause. While some altcoins have seen massive gains, Shiba Inu also recently hit a new high yesterday. Now being on Coinbase the fate of Shiba Inu is quite certain, being the cheapest coin on Coinbase, I think Shiba Inu will definitely reach some small value in a year or so.

Dogecoin will most likely reach triple digits before Shiba Inu is close to where Dogecoin is at right now. Only because the price is so minute right now, that owning millions of Shiba Inu sounds good and all unless it becomes worth nothing one day. It is already not even worth close to a penny, which is in fact how dogecoin started, so being worth this little could sound appealing now that it has become more legitimate. Shiba Inu's community is growing alongside Elon Musk's fanbase, so it should continue to follow the path of dogecoin, and maybe even create a new one for itself. Although it has been trading slowly today, it has moved a very large amount in the year, which could make it the right or wrong time to put money in. 

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Matt Savage
Matt Savage

I am currently a college student that got into Dogecoin while ago and became a crypto addict.


My Favorite Coinbase Cryptocurrencies
My Favorite Coinbase Cryptocurrencies

In this blog I will make posts about different cryptocurrencies I have had the experience of holding, daytrading, and staking. I plan on writing about why I like them, what I have learned about them, and why I think they are better than most. In the crypto community, it is best to understand that there are not necessarily any bad projects. I am not going to put down any cryptos I am only going to talk about which ones I like, or know the most about.

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