Once upon a time, there was a very special Japanese dog breed, shiba inu, which inspired millions of people around the world to invest in tokens bearing its likeness. Admittedly, SHIB has lost some of its spectacular gains.
Does Shiba Inu have a future? Read on to find out.
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What is SHIB?
Shiba Inu attempted to be the Ethereum-based counterpart to Dogecoin’s Srypt. Shiba Inu ranks alongside a host of dog-themed coins: Baby Dogecoin, JINDO INU, Alaska Inu, and more. These lesser-valued tokens have attracted investors who missed the Dogecoin pump from $0.0002 to nearly $0.75. SHIB’s price skyrocketed after Coinbase listed it in September 2021.
Should I buy SHIB today?
Shiba Inu seems to be losing as rapidly as it was once appreciating. You absolutely can make money speculating on SHIB-USD, but also lose it.
SHIB price prediction
In line with earlier calls for Dogecoin to hit $1, people on TikTok and YouTube cheered for Shiba Inu to hit $0.01. However, this is not likely because Shiba Inu would have to rise at least 170x. Its structure is sounder than that of Dogecoin, but it might not have much value in the long run.