The Dogecoin and Shiba Inu meme coins have become one of the most valuable cryptocurrencies. These two “meme currencies” are now worth $79 billion combined.
Shiba Inu briefly surpassed the eight-year-old dogecoin to become a top 10 cryptocurrency on Coinmarketcap. The reason for this sudden rise is speculation that it might be listed on Robinhood exchange soon with their new brokerage service.
The Shiba Inu, which had been on a record-setting tear for the past few days with prices steadily rising to nearly $0.000060 per coin before correcting lower this time around, showed no signs of stopping in its tracks.
Shibas, rejoice! Recently the Shiba Inu coin has been trending on a worldwide scale. SHIB’s superior performance particularly stands out against its meme rival DOGE, whose MTD gains are currently only about 8%.
Moreover, Shiba Inu market capitalization reached $41 billion with no signs of slowing down soon either, which means you can get your hands on some sweet profits.
Shiba Inu Coin Price Prediction
Cryptocurrencies are skyrocketing. The price of bitcoin, the first cryptocurrency, has nearly doubled since 2021, while smaller coins like Dogecoin and Shiba Inu coin have seen more drastic movement with their values quintupling or even quadrupling over that period, respectively.
There’s a chance that the Shiba Inu Coin price will see an increase if it gets listed on Robinhood. While the petition to list SHIB tokens on Robinhood garnered over 500,000 signatures.
However, CEO Vlad Tenev said during the company’s earnings call that they are considering adding new coins but did not mention any by name. Which could have implications for cryptocurrency prices in general since people want these high-demand currencies paired with low trading fees as much anyone else does.
According to Jordan McCreery,
“I believe Shiba has some real potential to grow from its fraction of a cent amount to $0.01 or greater,” he said.
“We have seen a large jump just this week; in the coming weeks, as we wrap up 2021, the price likely only continues to run.”
Furthermore, the CEO of fintech firm told The Express,
“For SHIB to reach a dollar, it requires a market capitalization of one quadrillion US dollars,”
The future of Shiba Coin is uncertain, and there’s a wide range of factors that could affect the price.