That Shiba Inu equals its price to the dollar is one of the great dreams of many users and investors of this cryptocurrency, but according to analysts this is unlikely to happen.
Will Shiba Inu ever be worth the dollar? This is the big question that cryptocurrency investors are asking themselves and who have decided to bet on this coin that was born in 2020 as a joke, inspired by the Japanese dog breed with the same name. Since its birth, its price has undergone a drastic variation, although almost always downwards.
The future is uncertain and bleak. The path to be traveled by cryptocurrency will not be easy at all. In recent years, its price has fallen to such an extent that the return to its original value is expected to arrive throughout 2025. Of course, this would still be 0.00007424 euros or 0.000080 dollars. It is far from having a value of 1 dollar or 1.07 euros at the current exchange rate.
The current price of Shiba Inu is 0.0000079 dollars. The conversion gives an amount of 0.00000742 euros. This situation suggests that it will be more than impossible for the current price of this cryptocurrency to reach the dollar, although that does not mean that users have lost hope. In fact, the opposite occurs due to the movements made by the whales.
Shibarium as the key to everything. Despite the fact that this platform was launched in August 2023 and was destined to become the salvation of Shiba Inu, the reality has been completely different. This network has only offered problems such as the immobilization of 1.7 million dollars in tokens of this currency that have harmed the growth of the price of this currency.
Shiba Inu at a dollar price: the vision that cryptocurrency investors have
Unlikely price increase. In order for the Shiba Inu to reach the dollar, it must have a growth that means that the market for this cryptocurrency rises to 589.59 billion dollars. This situation is clearly impossible on a financial level because it would require a huge group of users and investors to decide to bet on this cryptocurrency.
Shiba Inu will continue, for the moment, to be a cheap cryptocurrency. Growth to the value of 1 dollar is unlikely, but not impossible, especially when it comes to a sector such as cryptocurrencies. It may be that, for some reasons that are still unknown, from one moment to another the currency increases in value without any reason and it is reasonable to invest money.