Burn

Bitcoin

Shiba Inu

Memecoin

<div class="watcher-guru"> 
 <p>Shiba Inu (SHIB) had one of the most meteoric rises during the 2021 bull run. Within just a few days of its launch, the token rallied by almost 1500%. However, after the initial surge, the token is down by a whopping 91% from its 2021 highs. While SHIB has succumbed to speculation and a larger market downturn, many expect the token to reach its all-time high once again in the next bull run.</p> 
 <p>If Shiba Inu (SHIB) reaches its all-time high of $0.00008616, an investor would need about 11.6 billion tokens to be a millionaire. The price of 11.6 billion SHIB tokens at current rates is about $83.5k. If SHIB hits its all-time high once again, investors could make a profit of about 1046%.</p> 
 <p><strong>Also read: Shiba Inu vs. Dogecoin: Which Memecoin Will Reach $1 First?</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <h3 class="wp-block-heading" id="h-will-shiba-inu-regain-its-all-time-high-once-again">Will Shiba Inu regain its all-time high once again?</h3> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp" alt="SHIBARIUM" class="wp-image-109438" srcset="https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 1024w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 300w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 768w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 380w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 550w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 800w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 1160w, https://cdn.thebittimes.com/images/2023/09/12/43b3a09f42bb22303efea2bbd1f77879.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source – CryptoSlate 
  </figcaption> 
 </figure> 
 <p>While SHIB is an extremely popular crypto, it has significantly suffered since 2023. While Bitcoin (BTC) is up by almost 55% since Jan. 1, 2023, SHIB is down by 11.11% in the same time frame. Many expected the launch of Shibarium, the project’s layer-2 network, to build momentum for the asset’s price, but the launch was botched with excess traffic and had little to no impact on the price.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>However, the layer-2 network could help increase the real-world use case for the project. Developers can now build Dapps (decentralized applications) on Shiba Inu (SHIB), which could drive up demand. Moreover, the team is working on a new burn mechanism. The new mechanism is said to be capable of burning trillions of tokens every year. Increased demand and higher burns could push the token beyond its previous all-time high.</p> 
 <p><strong>Also Read: Shiba Inu Team Member Teases New Burn System and Higher Fee</strong></p> 
 <p>Moreover, if the larger crypto market enters another bull run, it will further help SHIB reach its all-time high faster. Experts anticipate another bull run in 2024, when Bitcoin (BTC) undergoes its next halving event. At press time, Shiba Inu (SHIB) was trading at $0.00000720, down by 2.1% in the last 24 hours.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>shiba inu</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-invest-this-much-to-be-a-millionaire-in-the-next-bull-run-tbt62434.html">https://thebittimes.com/shiba-inu-invest-this-much-to-be-a-millionaire-in-the-next-bull-run-tbt62434.html</a></p>

Shiba Inu: Invest This Much to Be A Millionaire in the Next Bull Run

Table of Contents

TheBitTimes

Other articles published on Sep 12, 2023

Folius Ventures: Friend Tech Analysis Report

DeFi organisation requests for ‘patent troll’ to stop pursuing DeFi standards

IPFS: Transforming the Internet for a Decentralized Future

MetaMask Adds Support for Third-Party Features via Newly Launched Snaps

CFTC Official Urges Fraud Database Development

Not BRICS: Uncontrolled Debt Could Bring the US Dollar Down

Join our free newsletter for daily crypto updates!