Shiba Inu rose 85,000,000% between 2020-2021. This is a record-breaking feat. Bitcoin, Ethereum or the stock exchange combined have not delivered such high returns. SHIB was different from all the others and gave day-today traders a taste of the millionaire lifestyle. At its height, the bull run saw thousands of investors putting their money in, all hoping to get rich.
These are things of the distant past. But the current picture is quite different. The past is not a good indicator of the future. This applies to the crypto market and meme currencies in particular. Meme currencies operate in an alternate world, where charts and price analyses are sometimes thrown out the window. The only rules are hype, adoption, and buzz. Analysis looks like an idiot thesis.
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A 100% Rise Again For Shiba Inu?
The meme currency market is a place where history and future are viewed in different ways. Shiba Inu is currently trading at the $0.000006 level A 100% increase puts the price of SHIB in a range between $0.000012 and $0.00012. This is SHIB’s price in 2024 or early 2025, when it was mostly trading with four zeros on the charts.
Shiba inu, historically speaking, has returned to trading at four zeros after falling as low as $0.000009 within a matter of weeks. It is possible that this token with a dog theme could get there once the markets have recovered. SHIB’s average trading price in the last 3 years has mostly been around $0.000012.
This steep fall is due to the current Iran-Israel dispute, tariffs and trade wars as well as other macroeconomic issues. Shiba inu has also suffered from a lack of confidence by investors, many of whom were diehard supporters. SHIB will soon reach $0.000012 which would be a 1000% increase.
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Source: watcher.guru
