Can Shiba Inu Reach $1 in 2025? The Answer Will Make Your Head Spin.

The Shiba Inu (CRYPTO: SHIB) cryptocurrency opened at a price of $0.00000000008 per token in 2021 before soaring by a whopping 107,499,900% to a peak of $0.000086 in October of that year. If you had a crystal ball and timed your investment perfectly, that gain could have turned just $1 into more than $1 million.Some cryptocurrencies have a genuine use case. Bitcoin, for example, is used by many investors as a store of value, kind of like a digital version of gold. But Shiba Inu has no real utility, it's a meme token that mostly swings up and down based on the whims of speculators.As a result, it fell more than 90% from its peak by mid-2022. Even after a positive year in 2024, Shiba Inu's current price of $0.000023 is still more than 70% lower than its all-time high.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool