The Shiba Inu is currently trading around $0.000023, with a market capitalization of around $15 Billion.
This is a huge difference from its 2021 low of $0.00000516 and a market cap of less than $1 billion. SHIB has consistently gotten rid of 0 in its price, up more than 90,800,000% year on year.
It has been one of the most profitable investments in the history of the economy not only in the last one year but till the end of 2021.
Since its peak in October, the Shiba Inu has declined by an astonishing (or estimated) 70%. This means that a $100,000 investment in October is now only worth $30,000.
If the Shiba Inu has taught us anything, it is that nothing is out of the question. SHIB quickly replaced DOGE by market capitalization, which some investors saw coming.
However, a price per token of $0.01 would mean a market cap in trillions of dollars.
If the Shiba Inu reaches a penny, the price of the cryptocurrency will be several times higher than that of bitcoin.
Due to the huge amount of capital required to reach a penny to SHIB, the chances of this happening are very low.
In February 2022, after Twitter announced the integration of Ethereum wallet support for its users to tip their favorite creators, Shiba Inu, a supporter of the meme cryptocurrency,
Wanted SHIB to be included as an option as well. The Tipping feature allows users, including creators and journalists, to monetize their tweets in the form of tips.
Indian creators can only share their Ethereum, Bitcoin, Patreon, or Razorpay links on their Tips section. Recently, Twitter has also added support for Paytm Gateway to its Tips Jar feature.
However, soon after the announcement, the Shiba Army bombarded the microblogging platform with requests to make SHIB the next integrated alternative to tipping.