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Meme-token Shiba Inu (CRYPTO: SHIB) was sitting on a year-to-date gain of 251%, but it has since plummeted 41% from its 52-week high. Shiba Inu staged an incredible run in 2021 when it delivered a ...
Shiba Inu (CRYPTO: SHIB) is seeing big sell-offs in Tuesday's trading. The cryptocurrency's token price was down 8.2% over the last 24 hours -- a period that also saw Bitcoin's price fall 5% and ...
Image source: Getty Images. Shiba Inu could technically reach $1. Investors would have to burn 99.99998% of the current supply in order to send Shiba Inu to $1, based on its current market cap.
At the current token price, Shiba Inu has a market capitalization of about $18 billion. Simple math suggests that at a price of $1 per token, its market cap would be $589.3 trillion.
At $0.01, Shiba Inu's market value would be a gargantuan $5.9 trillion (based on the current token count), making it more valuable than the most dominant tech businesses shaping our economy today.
Image source: Getty Images. Shiba Inu could reach $1, but the end result might surprise investors. To justify a price of $1 per token, 99.99998% of all tokens would have to be burned.
Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". [1] It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin , another cryptocurrency with meme origins.
The price of Shiba Inu (CRYPTO: SHIB) fell roughly 6.5% this morning, while the price of XRP ... The escalating conflict in the Middle East is the big news shaking up the crypto market. Iran ...