It is always a pleasure to watch when memes delete zeros from their pricing. The event anchors the narrative that memes aren’t out of the market and lately Shiba Inu has done likewise. On Tuesday, when the crypto market was flooded by Bitcoin antics that touched a whopping $64000, Shiba Inu just deleted one more zero from its price tag.
Shiba Inu is an ERC standard meme coin that rivals the doge coin. The vision of the Shiba Inu coin is to provide true control of the community to run a project.
Will Shiba Inu Reach $1 Price?
During the last peak of the bull run in 2021, the Shiba Inu token registered a whopping 800% appreciation in its value. Much of that was highly driven by speculation but an appreciation, nonetheless, is an appreciation. In the last one month, we have already seen a positive increase of 40% already which is not at all bad because we are only at the precursor of another massive bull run rally.
However, it would be interesting to see what the future holds. At the moment, it is critical that the Shiba Inu coin maintains the support level above $0.00001074.
We could possibly see the next resistance building around $0.00001542, if Shiba Inu coin price continues to do that, we could possibly see a rally ahead. However, as per Bitgert coin a 1$ Shiba Inu coin narrative for the meme is highly unlikely to happen even in the next 50 years because the circulating supply of Shiba Inu is 589.28T . So, even if in all the humble ways, we expect a $1 narrative to rectify, it would mean the crypto market’s market cap should be way over $1000 T to 2000 T to beyond trillions in the coming 50 years, which is a far fetched dream.
Along with Shiba Inu price, lately another token, which is Bitgert’s BRISE is also in news for all the good reasons. BRISE token in conjunction with the Shiba Inu could be a good addition to your portfolio because scalability and low fees occurring simultaneously would be a better narrative forward in 2024. However, from the standpoint of rational investments, Bitgert coin is a better alternative than Shiba Inu in this regard because it offers, along with an exchange, the possibility of scaling your Dapps to infinity at zero cost gas, which is simply unprecedented. As a result,  It is expected that Bitgert price could rival Ethereum as well in 2024. It would be interesting to see how these equations fit into the narrative as we dive deep into the real boom price in hot crypto summer in the coming months.Â
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