Can Shiba Inu Reach 1 Cent by 2025?

The cryptocurrency industry has seen the birth of a wide range of coins. In particular, meme coins have dominated the market. Shiba Inu (SHIB), a fairly new meme cryptocurrency has emerged as a popular cryptocurrency among the community. The asset launched in 2020 and has grown by 1944604.08% since then. Will the asset be able to rise in price next year and reach the long-awaited 1 cent mark? The current price of Shiba Inu

The entire market is on an upward trend. Some assets, including Shiba Inu, have increased by more than 2% over the past 24 hours. At the time of reporting, this meme coin is trading at $0.00002589. Over the past 12 months, this cryptocurrency has seen a staggering 212% increase. Shiba Inu has surged to a high of $0.00004534 from a low of $0.000008156 in this period. Despite the price increase, the market capitalization of this asset has seen increased volatility. After entering the top 10 coveted earlier this month, SHIB has experienced a significant decline. Shiba Inu is currently the 14th largest cryptocurrency with a market capitalization of $15.24 billion. Dream 1 Xu

Shiba Inu has tried to reach the 1 cent milestone for several reasons. The meme coin community has been seen betting on this. However, the asset would have to increase by about 38,530% to reach this level. Considering the asset’s past growth rate, this is not entirely impossible. According to CoinCodex, the highest level that SHIB will reach in the coming year is $0.000113. This is an increase of 337% compared to the current price. In addition, Shiba Inu will reach this high level in June 2025. This figure is quite far from the desired 1 cent mark. The lowest price that this meme coin will have is $0.00002156. The average trading price of Shiba Inu will be around $0.00004533, quite high compared to its current price.