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Monday, May 23, 2022

Cryptocurrency: Will Shiba Inu take over the crypto market for 2022?

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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.



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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.



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