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Will Shiba Inu reach $1 in 2025? Here are the odds

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Shiba Inu’s total supply has increased from the numbers as of its ATH.
BONE opined that hitting the $1 market would need several inputs from related tokens and the Shiba Inu L2.

A few years ago, a large part of the crypto community were stockpiling memes as cryptocurrencies like Shiba Inu [SHIB] became mainstream and produced several millionaires with no knowledge of the ecosystem. Despite the impressive performance at the time, the token seems to have lost its streak of luck.

How much are 1,10,100 SHIBs worth today?

This has led the price to plunge massively, much to the detriment of holders. Nonetheless, several investors who have become faithful to the project opine that the drop in price is only a drawback for another round of exponential growth. This then begs the question — will Shiba Inu reach $1?

SHIB could be ready for a rerun

As you probably know, crypto prices are highly speculative. And predicting the future value of a highly volatile asset like SHIB could be subject to several factors, including but not limited to macroeconomic factors, adoption, and various market forces. But what are the chances?

Well, in the crypto market, “impossible is nothing” is something that participants have familiarized themselves with. However, that is not to say that SHIB hitting $1 is programmed despite having some upside potential, especially as its closest rival, Dogecoin [DOGE] had hit the feat several times.

At the time of this writing, the Shiba Inu token price was $0.0000086. To reach $1, SHI would need an incredible 116.279x. But considering its current market capitalization, and circulation supply, this could be an incredibly herculean task.

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Author: Victor Olanrewaju

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