Shiba Inu: Surpassing Bitcoin, But Can It Reach $1?
Wednesday, 24 April 2024, 09:59
Shiba Inu Is Surging in 2024
Investors are warming up to the cryptocurrency market once again. In November 2021, the total market capitalization of all cryptocurrencies in circulation hit a record high of $2.9 trillion.
Rising Tide in Crypto Market
- Bitcoin's dominance
- Shiba Inu's significant 2024 gains
Shiba Inu Faces Uphill Battle
- Large token supply
- Lack of fundamental upside catalysts
Although Shiba Inu's surge is impressive, reaching $1 per token seems highly unlikely due to the substantial challenges it faces.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.