Shiba Inu Forecasted to Hit $0.005: Here’s When
Shiba Inu (SHIB) fans and investors have long sought higher prices for the meme coin. After its launch in August 2020, SHIB rallied by many million per cent within its first year and hit an all-time high of $0.00008616 in October 2021. However, the asset has faced significant headwinds since its 2021 peak, falling 82.5% from its all-time high. Also Read: Shiba Inu Burn Portal: Will SHIB Hit $0.01? If So, When? Why the Poor Performance? Shiba Inu’s (SHIB) lacklustre performance could be due to a general bearishness that looms over the cryptocurrency market. Investor sentiment seems low on the meme coin, with few developmental activities. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market SHIB’s massive supply is another reason holding back the asset. Vitalik Burterin’s massive SHIB burn in 2021 was a significant catalyst for the asset’s incredible rally. Buterin received half of SHIB’s supply and burnt 90% of his tokens. SHIB Predicted to ...