As of this writing, the overall cryptocurrency market carries a market cap of just under $2.7 trillion. That’s up from about $800 billion at the start of 2023. And it’s close to record territory of just shy of $3 trillion.
There’s no question that bullish fever has taken over the cryptocurrency industry. Whether it’s positive sentiment in equity markets, or the recent approval of spot Bitcoin ETFs, these tailwinds are propelling some of the most speculative tokens to new heights.
Just in the past month, Shiba Inu (CRYPTO: SHIB) has soared more than 200% (as of March 25). Investors have taken advantage of a monster run-up for this token’s price.
But can it reach $0.01 by the end of the decade? Let’s see if that forecast 34,000-fold rise, from today’s price of $0.000029, is a possibility.
Questioning Shiba Inu’s utility
Seeing how strongly the dog-themed predecessor Dogecoin was catching on with the crypto community, Shiba Inu’s founders…
