Popular meme coin cryptocurrency seeks so many ways to be relevant around the space, from burning to stepping into the metaverse
Various crypto pundits and experts in the crypto industry assume and predict now and then, following paths and the upcoming trajectory where crypto could move. Such predictions people make about canine-themed token Shiba Inu regarding its growth and potential price.
Founder of PAC Protocol, a distributed network, and former Republican congressional candidate, David Gokhshtein, have stated about Shiba Inu and its potential where it could go. Gokhshtein said that the popular meme coin has a chance to hit the $0.001 mark, but he also said that Shiba Inu might not attain the most anticipated mark of $1.
PAC protocol founder tweeted himself that he does not think Shiba Inu can make a long run for the $1 mark. Shiba Inu token SHIB is currently trading for $0.00002585, which makes it need about 3.6 million percent growth to get to such a difficult level of $1. However, he is not too neglected SHIB, rather Shiba Inu community has blasted the popular influencer on several platforms like Twitter for their target. They argue that developers backing the moving coin have not unveiled more mechanisms of token burning yet.
Earlier Gokhshtein had also outlined that adding SHIB to a commission-free brokerage platform Robinhood was a great thing that happened for meme coins and in the crypto industry. As per reports, Robinhood listed Shiba Inu in addition to Solana (SOL), Polygon network’s MATIC, and COMP tokens of Compound.
SHIB could help in driving more investors towards crypto space-heavy players like bitcoin (BTC) and ether (ETH). Shiba Inu has its own unique identity and utility and like its big brother meme coin cryptocurrency Dogecoin, it remains unclear why SHIB was created other than as a joke. On top of that, you really can’t pay for any goods and services anywhere by using these meme-based cryptocurrencies.
Also, the SHIB dev team was working around the time to help the meme token to gain more acceptance in the mainstream. A three-day event of bidding for more than 36,000 land pieces is now live following the launch of its metaverse for users.
ALSO READ: Vitalik Buterin from Ethereum joins in on the Musk-Twitter saga
Source: https://www.thecoinrepublic.com/2022/04/17/why-do-crypto-experts-anticipate-shiba-inu-to-reach-0-001-but-not-1/