The Shiba Inu (SHIB) has been betting heavily on its 1 cent dream. But the asset’s latest uptick has led to the community manifesting more ambitious bets. Throughout the last year, the second-largest meme coin has surged by over 120%, which shows the asset’s capability. Find out if SHIB could maintain this momentum and hit 1.5 cents.
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Shiba Inu’s Slight Setback
After witnessing a major surge post Donald Trump’s historic win, SHIB and the entire market witnessed a correction. The asset was subject to volatility over the past 24 hours as it dipped by 1.77% during this period. At press time, SHIB was trading at $0.00001873. It should be noted that the meme coin rose to a high of $0.00001942 earlier today.
Despite this slight drop in its price, the community remained optimistic about SHIB’s potential surge. CoinMarketCap’s community sentiment highlighted that 88% of the 47622 voters were bullish about the meme coin’s rise in the near future. Amidst this, 12% of the crowd was bearish and did not expect Shiba Inu to record a spike anytime soon.
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Is 1.5 Cents Attainable?
SHIB is rising and will achieve an even greater milestone of 1.5 cents after moving past the 1-cent mark. Telegaon, a firm that looks into on-chain data, released predictions for SHIB. According to their analysis, SHIB may surpass $0.01 between 2030 and 2040.
The above prediction suggests that SHIB could take over a decade to reach this level. But the community remains optimistic. Major changes in the regulatory climate, increased burns, and other factors could boost the price of SHIB sooner than expected. Either way, patience is the way to go with Shiba Inu. Those who hold on to the asset longer can reap benefits.
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