Post
Topic
Board Altcoin Discussion
Re: Will Shiba inu get to $1
by
Abiky
on 08/07/2024, 16:54:48 UTC
Strangely, shiba inu is an altcoin/meme that many like but i don't think it will reach $1. The current value is ultimately smaller, let's say dreaming in a few decades?

There's only one way that could happen. And that's if Bitcoin turns extremely-bullish and the USD loses value big time (inflation). Shiba Inu would most likely breach the $1 milestone, while Dogecoin will go all the way to $2 and above. But there a slight chance this will become a reality, especially when the USD is still going strong. BTC will "pump", but "meme" coins will struggle to reach $1. Perhaps, we'll be dead by the time SHIBA goes all the way to glory.

For what I know, investing in "meme" coins is a gamble (pure luck). You'll be much safer with Bitcoin and Ethereum. Why risk it all into something that could easily go all the way down the drain in an instant? We don't even know if Shiba Inu has a future. It's fairly new to the scene, compared to its much older counterpart, Dogecoin. I'd be surprised if SHIBA survives another 10 years in crypto land. Tongue