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Shiba Inu is the Most Trending Memecoin in 2024

Key Takeaways
  • Shiba Inu's unprecedented growth attracts investors, aiming for 1 cent by 2025 and $1 by 2030, potentially surpassing Bitcoin.
  • Shiba Army's strong community backs Shiba Inu, enhancing its market potential beyond meme status.
  • Shiba Inu's evolving utility, including its own Metaverse and NFT, expands its relevance beyond being a meme coin.
29-Mar-2024 Sourabh Parihar
Shiba Inu is the Most Trending Memecoin in 2024

Exploring the Possibilities of the Most Trending Memecoin Shiba Inu

The cryptocurrency market is one of the most unpredictable markets, with millions of crypto tokens available. Among these tokens, Bitcoin and Ethereum are the two largest cryptocurrencies. However, there are also some tokens that have become favorites among investors. We are talking about Memecoins, which include names like Dogecoin, Shiba Inu, Pepe, and Bonk. In terms of popularity, these tokens rival even the likes of Bitcoin. One of these tokens is Shiba Inu, which has already provided its investors with nearly 5 million times profit. From 2020 to now, the price of this token has increased by nearly 500 million percent, making its investors wealthy.

Even today, the investors of this token continue to hold onto it, hoping for even greater returns in the future. With expectations like whether Shiba Inu Coin will reach 1 INR, whether its price will be 5 INR, whether Shiba Inu will reach 1 cent by 2025, whether Shiba Inu's price will be $1 by 2030, and whether Shiba Inu will surpass Bitcoin to become the biggest cryptocurrency, there are many questions on the minds of users. Let's find out if users' expectations regarding Shiba Inu will be met and if SHIB can replicate its past performance.

Will Shiba Inu Reach 1 Cent by 2025?

The query whether Memecoin Shiba Inu's price will reach 1 cent by 2025 is also searched by users on Google. Note that 1 cent's price is $0.01. In November 2020, Shiba Inu Coin was at $0.0000000047, and in a year, by October 2021, it had reached an all-time high of $0.00008616. With the token showing more than 5 million percent growth in the past year alone, if it continues at half this rate in the next two years, SHIB will easily reach the price of 1 cent by 2025.

Will Shiba Inu Reach $1 by 2030?

Currently, Shiba Inu is one of the top cryptocurrencies in the cryptocurrency market, with investors having a lot of confidence in it. This token has never disappointed its investors and has provided them with excellent returns. Currently, this token's popularity is quite high. The estimate of SHIB's popularity can be gauged from the fact that SHIB tokens are present in the wallets of 25% of cryptocurrency investors in India. This means that the largest population of crypto investors has invested only in Shiba Inu. This indicates how optimistic investors are about the future increase in the price of this token. Therefore, it can be expected that the price of Shiba Inu will reach $1 by 2030.

Will Shiba Inu Surpass Bitcoin to Become the Biggest Crypto?

Investors in Shiba Inu tokens want Shiba Inu to surpass Bitcoin in terms of market capitalization in the future. The recent news of a crypto whale purchasing 75.9 billion SHIB tokens worth $893,000 has added to this expectation. If Shiba Inu continues to show the same performance as it has in recent years, it will have grown by over 5 million times from 2020 to now. Calculating based on this growth, if Shiba Inu's price reaches 1 INR, its market capitalization will be 589 trillion, which will be much higher than Bitcoin's market capitalization. In this way, Shiba Inu will become the biggest cryptocurrency in the crypto market.

Behind Shiba Inu is Its Strong Community, Shiba Army

Shiba Inu has a strong community known as the Shiba Army, which supports this Meme Coin on social platforms like X with strength. This community is so large that it can increase the price of this token overnight. This is why investors believe that Shiba Inu will soon surpass $1, making its market capitalization 589 trillion, which will be more than 200 times the total market capitalization of Apple and more than 400 times the market capitalization of Inc. However, this is only the ambition of Shiba Inu investors, which is increasing over time.

Shiba Inu's Utility

Shiba Inu (SHIB) investors have high expectations from this token, which the token is living up to. While Shiba Inu started as a Meme Coin, it is gradually expanding its applications. It is worth mentioning that SHIB has its own Metaverse, known as Shib Metaverse. Additionally, SHIB developers have also announced ERC404 NFT and fungible token. This indicates that the meme token is gradually increasing its utility.

Also Read:- Top 4 Crypto Tokens to Reach All-Time High in April

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