Shiba Inu has been around the world of cryptocurrency for about two years, and its seen a major increase in value despite being less than one cent.
The coin went from nothing in Jan. of 2021 to $0.00008841 on Oct. 27, 2021.
That’s a growth of 121,000,000% in under one year.
Many were hoping the coin’s value would only continue to rise with the same trend, but that doesn’t appear to be what will happen.
April 19, 2022, the value of the coin was just $0.00002515.
In order to hit the one cent mark, the value needs to increase by 40,000%.
According to AS, The Motley Fool reports that the life of altcoins lasts 12-24 months and there is nothing about Shiba Inu to increase its value.
Shiba Inu was recently made available on the Robinhood crypto site.