Probability of SHIB's growth in 2024
SHIB is a cryptocurrency that was inspired by the Dogecoin and the Shiba Inu dog meme. It was created in April 2021 by an anonymous person or group known as "Ryoshi Research"
SHIB is an ERC-20 token that runs on the Ethereum blockchain. It has a total supply of 1 quadrillion tokens, of which 50% were sent to the public wallet of Ethereum founder Vitalik Buterin and the other 50% were locked in a Uniswap pool. In May 2021, Vitalik donated a portion of his SHIB tokens, worth $1.2 billion, to fight COVID-19 in India. He also burned 90% of his remaining SHIB tokens, reducing the circulating supply to around 394 trillion tokens.
The current price of SHIB is $0.000010 USD, with a market cap of $4,478,830,988 USD and a trading volume of $257,023,659 USD. The coin has seen a high volatility in the past year, reaching an all-time high of $0.0000388 USD in May 2021 and an all-time low of $0.0000000006 USD in April 2021. The coin’s price is affected by various factors, such as market sentiment, supply and demand, news and events, and the actions of the coin’s creator.
According to some price predictions, SHIB could experience a gradual growth in the next few years, reaching a maximum price of $0.0000251 in 2024 and $0.0000432 in 2026. However, this forecast is based on several assumptions and uncertainties, and it may not reflect the actual future performance of the coin. Therefore, it is advisable to do your own research and analysis before investing in any cryptocurrency.
The probability of SHIB’s growth for 2024 depends on many factors, such as the development of the Shiba Inu ecosystem, the adoption and popularity of the coin, the competition from other cryptocurrencies, the regulation and legal issues, and the overall market conditions. One possible scenario is that SHIB could benefit from the Bitcoin halving event in April 2024, which could boost the demand and price of cryptocurrencies in general.
This information is not used to invite investment. Investors should analyze carefully before making a decision.
