Can Shiba Inu Coin (SHIB) soar to the $1 mark?
Hey, hello, newbies in the cryptocurrency world! Shiba Inu Coin (SHIB) has been in the limelight recently! From the end of February to the beginning of March, its price soared like a rocket, and its market value even exceeded that of Bitcoin Cash (BCH), making everyone feel that SHIB has a bright future. Although the price has slightly adjusted back now, it has increased by 2.5 times this year!
Currently, SHIB's market value is $0.000028, and its total market value is almost $16 billion, which is higher than Bitcoin Cash. However, if you want SHIB to rise to $1, it will have to increase by nearly 40,000 times, which sounds a bit unrealistic, right?
From a technical perspective, SHIB may now test the support level of $0.000024. If it can gain a foothold here, it may be able to break the recent downward trend and challenge the high of $0.000045 again!
However, novices should pay attention. Although SHIB is popular, its market value is already very large, and it is not easy to make a lot of money again. In contrast, there is a new meme coin called Dogecoin20, which is an upgraded version of Dogecoin on Ethereum, and it also has a staking function! I heard that more than 10 million US dollars were raised in the pre-sale stage. For investors who want to pursue high returns, this may be a choice worth trying.
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