CandleFocus Here is Shiba Inu Price if SHIB is Able to Surge as Much as It Did After the 2020 Bitcoin Halving
2024-10-08
Author: Content Editor
The article discusses the performance of Shiba Inu following the 2020 Bitcoin halving and explores its potential for the current market season. Shiba Inu experienced limited trading activity after its launch in August 2020 but saw a spike in trading volume in January 2021. By April 2021, Shiba Inu had reached a price of $0.00000417, dropping four zeros. It reached its cycle top of $0.00008845 in October 2021, experiencing monumental price growth of 884,400% in less than ten months. Currently valued at $0.00001728, a hypothetical growth of 884,400% would result in a price of $0.1528, making even a $100 investment in Shiba Inu potentially worth close to $1 million. However, there is disagreement among commentators regarding the prospects of such growth, considering Shiba Inu's current market cap and the implications for Bitcoin's market cap.
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