We live during these days when meme tokens blow the crypto market while utility and P2E tokens are kept as low-profile crypto mediums. On October 27, 2021, Shiba Inu was on the edge of its glory when it reached a new record high price of $0.00008 on a $39.05 billion volume. Its direct competitor DogeCoin had the last days of its peaky magnificence.
Crypto traders could smell the big luck on May 10, 2021, when SHIB price reached $0.00003503 on a $19.55 billion volume in a day. Smart buyers have kept the token until it blew up the crypto exchanges rocketing to $0.00008. Those who bought the token even a week ago before that historical day, have made a huge fortune.
A very sharp fall happened after a few days on October 25, 2021. But then SHIB could grow 80% until December 23, 2021. Dark days have come up during the last days of 2021. Luckily, in January it could gain a bit but started plunging till this week. Certainly, we may say Shiba Inu is rising today however, it can dip anytime although it is trending along with ApeCoin and DogeCoin.
The coin is still microscopically cheap and expecting a high jump isn’t a dream but a real prediction of long-term holders with intention of keeping the token for months.