Supporters of this dog-themed coin, one of the most well-liked cryptocurrencies, hope for a sharp price increase.
The dog-themed cryptocurrency Shiba Inu (SHIB 1.75%) has returned to Earth after making a huge comeback in 2021. The native token SHIB has lost 68% of its value in 2022. (as of this writing). The general weakening in the crypto market as a whole and more reasonable expectations for this particular digital asset are what caused the price to fall.
With a market value of $6.1 billion, Shiba Inu is still the 14th most valuable cryptocurrency after all of this. But can it ever increase from today's $0.000011 per token to $1? Lets see if Shiba Inu can make its biggest fans wealthy along the road????