CandleFocus Market Expert Says It’s Literally Impossible for Shiba Inu to Hit $0.01
2024-10-07
Author: Content Editor
Altcoin Daily founder Aaron Arnold has cautioned crypto investors against overly optimistic price forecasts for Shiba Inu, stating that hoping for a one-cent price by next year is unrealistic. Arnold stressed the importance of considering a crypto asset's market cap when estimating its potential price growth. He cited the example of Shiba Inu, whose market cap would need to increase by 54,100% to reach $0.01, an astronomical growth rate within a one-year timeframe. Despite some predictions from the Shiba Inu development team, Arnold emphasized the challenges of achieving such significant growth for a crypto asset already valued above $10 billion.
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