Can Shiba Inu Coin hit  $1?

Shiba Inu is an altcoin started in August 2020 by an anonymous person/group known as Ryoshi.

The mascot of Shiba Inu is the Japanese breed of dog that goes by the same name.

Many cryptocurrency enthusiasts consider it as the killer of Dogecoin as even Shibu Inu is of extremely less value and is a meme coin.

Shiba Inu is represented as SHIB on the cryptocurrency exchange platforms.

The crypto token has been relegated to the bottom of the barrel recently. Since reaching its high point, the SHIB currency has lost 63 percent of its value as speculative interest in the token has waned.

Numerous factors are driving the rise in the price of Shiba Inu, including the fear of missing out.

Shiba Inu had been a monster performer, accumulating a mind-boggling 47,300,000 percent so far this year and presenting a fortunate few with life-altering earnings.

Despite this, the tremendous volatility of the coin has resulted in profits that have vanished almost as rapidly as they have appeared.

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