Can Shiba Hit 1 Cent {Oct} Read Its Market Estimates!

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About General Information Can Shiba Hit 1 Cent

Can Shiba Hit 1 Cent? Is it a profitable investment? Read the content and get answers to all your questions related to Shiba Inu Coin.

The Shiba Inu was launched like all other crypto tokens in the digital world to accomplish its goal. The popularity of the crypto in the market has not only pushed behind its competitors like Dogecoin but has also created history by reaching the all-time high value.

This news has become a spotlight and has raised the curiosity of investors from all over the globe, including the United States, Canada, and the United Kingdom. Moreover, it has raised the holders’ expectations, and they are looking forward to knowing Can Shiba Hit 1 Cent.

Let’s explore it!

What is Shiba?

Shiba Inu is the ERC-20 meme token. It means this crypto is created and hosted by the Ethereum blockchain. The founder of the token, Ryoshi, decided to launch the token on this blockchain as it is secured and well established.

The crypto was introduced in the market with a highlight of Dogecoin Killer. At the time of its launch, it was only a fun currency, but the rise of its popularity led to the development of a decentralized ecosystem. 

Now, the major question that strikes our mind is Can Shiba Hit 1 Cent? Let’s know more about this crypto to unlock the answer.

Price Statistics of the Shiba Token

  • Price – $0.00007367
  • Market Cap – $36867817606
  • Market cap dominance – 1.36%
  • Trading volume – $41222166014
  • 24h low/ 24h high – $0.00005320/ $0.00008612
  • Market cap rank -10
  • All-time high – $0.00008616
  • All-time low – $0.000000000056

Shiba Inu Live Price and Market Data

The token is available at $0.00007352 with a trading volume of $4129619628. The value of the crypto has risen to 36.7% in the last 24 hours.

However, before getting well known with Can Shiba Hit 1 Cent, we would like you to inform us that out of the total supply of the 1 Quadrillion, 500 trillion tokens are being circulated in the crypto market.

What is the current status of Shiba Inu?

In 2021, the coin got mainstream attention as a meme token. On 28th October 2021, the crypto reached all time high price i.e., $0.000084. You will be amazed to know that the increase in its price is +150,000,000 % more than the day it was first available in the crypto market.

The overall data of Shiba Inu indicates that the crypto has overtaken Dogecoin in terms of market cap.

Can Shiba Hit 1 Cent?

The fans of Dogecoin are hoping for this crypto to reach the $1 milestone, while the community wants the token to hit $0.01. So, at present, the investment of $1000 would be worth more than $400,000. SHIB has already gained 250,000,000 percent in the last year, which gave it an average growth of 2,000,000 percent.

So, if the crypto gains 200 percent per month, it will surely hit 1 Cent in early 2022.

How to buy the Shiba Inu?

As you are now aware of Can Shiba Hit 1 Cent, you might look for the process to add the crypto to the wallet. So, follow the steps given below – 

  • Create your account on any top crypto exchanging platform.
  • Connect your wallet.
  • Add some funds to it for performing exchanges.
  • Enter the contract address and select the token.
  • Add the amount to be exchanged.
  • Set the slippage and swap to buy the token.

Before making the purchase, do check the profile summary of the Shiba Inu.

Frequently Asked Questions

  • How many holders does the token have?

20056 addresses

  • What is the official website of the crypto?

https://shibatoken.com/

Conclusion

We tried our best to answer Can Shiba Hit 1 Cent with you. It is one of the popular tokens gaining success in the crypto market. So learn the Best Apps For Cryptocurrency Trading and buy the token.

What are your views about the ongoing popularity of Shiba? Comment it down.

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