One of many cryptocurrencies that trended late in 2022 was Shiba Inu (CRYPTO: SHIB). Right here’s a have a look at the place the coin stands in comparison with its all-time excessive and what could possibly be subsequent.
What Occurred: Shiba Inu grew to become a trending cryptocurrency in October 2021 and hit an all-time excessive value of $0.00008845.
The coin trended on Twitter Inc (NYSE:TWTR) and Alphabet Inc’s (NASDAQ:GOOG)(NASDAQ:GOOGL) Google search engine, with followers of the coin calling for it to hit 1 cent.
The worth of Shiba Inu fell in 2022 and is now properly off its highs.
The coin nonetheless continues to see sturdy curiosity from new cryptocurrency merchants and has additionally constructed a loyal following.
The calls proceed for extra cryptocurrency platforms like Robinhood Markets Inc (NASDAQ:HOOD) to affix the record of firms that features Coinbase World Inc (NASDAQ:COIN) in providing Shiba Inu for buying and selling.
Further platforms might enhance curiosity and make the coin extra accessible.
Associated Hyperlink: How To Purchase Shiba Inu
Investing $100: A $100 funding in Shiba Inu might buy 4,189,359 cash based mostly on the present value of $0.00002387 on the time of writing.
If Shiba Inu might get again to its all-time excessive of $0.00008845, the $100 funding would flip into $370.55, marking a return of 271%.
Shiba Inu has a market capitalization of $13.2 billion, rating fifteenth and inserting it simply behind standard “meme crypto” Dogecoin (CRYPTO: DOGE), which ranks thirteenth.
