Shiba Inu

As Bitcoin soars above $45k, Shiba Inu is up by 4% over the last 24 hours and knocked a zero off its price in November. Here I’ll show you the likelihood of Shiba reaching $0.01 (spoiler alert, it’s very very low) and discuss new memecoin alternatives that are likely to bring much higher gains.<h2 id="header-0">Why Shiba Inu Isn’t Going to Hit $0.01 Any Time Soon</h2>The price of Shiba Inu is currently $0.00001083. This is good news for investors from previous years who have seen the price languishing around the $0.00000800 mark for a long time. But it’s a far cry from $0.01, 92,236% to be precise. We come to crypto because it brings us market-beating gains. But to see a rise like this is rare, and you need to be in the coin from the beginning to have a chance at anything like that.Why? Because the current market cap of Shiba Inu is around $6 billion. For a coin to go up in price more money has to go into the coin. So if another $6 billion of money goes in then the price would double. If the price were to get to $0.01, the market cap would have to be $5 trillion!That’s an extra 5000 billion of investment from where we are now. Blackrock, the world’s largest asset manager has around $8 trillion of assets (most of which are not in crypto) under management. It would need almost all of these to go into Shiba Inu and that isn’t going to happen.And that’s why Shiba Inu isn’t going to go to $0.01. And why you need to find a new altcoin if you want to get anything close to the high returns Shiba Inu gave original investors.<h2 id="header-1">How to find new profitable meme coins.</h2>One way to find new memecoins is to get yourself a web3 wallet, and a Telegram account, and add a bot that lets you see new coins as they are being launched.But there are some problems with this:<ul><li>Firstly, it’s not for beginners.</li><li>Secondly, many scam coins are launched. (But some of the bots do help you to check for common scams, such as a coin that you can buy but cannot sell).</li><li>Thirdly, just because a coin is not a scam, and is new, doesn’t mean it’s going to moon. In fact the majority flop.</li></ul>So another strategy is to look out for a new coin that is getting real attention on the internet.A presale can be a great way to do this. The presale allows early buyers to get in at a great price, and for news of the coin to spread around the internet. The coin is destined to go up, at least until the coin launches, at which point investor sentiment and those who love to buy new coins will determine the next moves.Enter <a href="https://pr.mememoguls.com/1drinm" rel="noopener noreferrer nofollow">Meme Moguls</a> – a memecoin and the coin behind a play to earn game of the same name. This fun game and ecosystem has lots going for it, and many people are excited about the concept which seeks to unite meme coin lovers and teach people how to trade, in a fun way.MGLS, (the coin’s ticker) is currently in stage four of a multi-stage presale at $0.0027. Crypto analysts are forecasting a rise to $0.19 within the first year of its launch.That’s an impressive 7500% gain from today’s price.And because Meme Moguls will encourage and reward people (with crypto and NFTs) for sharing alpha, it will be a new way for traders to find upcoming coins that can bring similarly impressive returns.For more information about the Meme Moguls (MGLS) Presale:<a href="https://pr.mememoguls.com/1drinm" rel="noopener noreferrer nofollow">Visit Meme Moguls</a> | <a href="https://t.me/Mememogulsofficial" rel="noopener noreferrer nofollow">Join the Community</a>

Shiba Inu's Price Potential Unleashed! Will It Hit $0.01 or Should You Invest in New Meme Coin Alternatives?

Table of Contents

BlockchainReporter

Other articles published on Jan 4, 2024

ARK 21Shares Join VanEck, Grayscale in Filing Form 8A for Bitcoin ETF: Here’s What it Means

Cardano Whales on Buying Spree: 14 Million ADA Added

Internet Computer Protocol (ICP) Price Will Rise By 150% in 20 Days, Here’s Why

How Did Bitcoin Investors React to Yesterday's Drop? Did They Sell? CryptoQuant Analyst Evaluated!

Is This The End Of Dogecoin? Whales Dump 600 Million Coins As Price Crumbles

Whale Movements in the Altcoin LDO Market

Join our free newsletter for daily crypto updates!