Kusama

Shiba Inu

Rise

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 <p>Shiba Inu has been one of the top-performing assets over the past day. It has appreciated by more than 10%, bringing its market cap to $5.82 billion. Shiba Inu’s latest pump comes at a time when the broader crypto market is consolidating. As pointed out in an article recently, the asset’s valuation is up by more than 66% from its May lows.</p> 
 <p>SHIB has successfully managed to renew its uptrend in the mid-term frame. However, it continues to be significantly undervalued when compared to its peak. The asset attained its ATH of $0.00008854 in October 2021.</p> 
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    SHIB/USDT by TradingView 
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 <p><strong>Also Read:&nbsp;Shiba Inu Forecasted To Rise 300% &amp; Reach $0.00003: Here’s When</strong></p> 
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 <h3 class="wp-block-heading" id="h-how-much-will-you-make-if-shib-reclaims-its-peak">How much will you make if SHIB reclaims its peak?</h3> 
 <p>Let’s say, you invest $100 on Shiba Inu. From the current price of $0.00000965, SHIB will have to appreciate by 817.51% to attain its all-time high again. In such a scenario, the $100 investment would be worth $917.51.</p> 
 <p><strong>Also Read:&nbsp;Shiba Inu: 2 Ways SHIB Could Reach $0.01</strong></p> 
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 <p>Shiba Inu accumulation has been going on for quite some time. Data from IntoTheBlock pointed out that over the past 30 days, addresses holding 100 billion to 1 trillion SHIB have increased by 9.85%. Parallelly, addresses holding up to 1 billion SHIB have also increased by nearly 3%.</p> 
 <p>Over the short term, traders continue to remain optimistic. SHIB’s long-to-short ratio was hovering at 1.21, with bullish derivatives trades making up more than 54% of the total trades. Furthermore, the funding rate was also positive, and flashed a reading of 0.0193 at press time, reinforcing the bullish narrative.</p> 
 <p><strong>Also Read: Shiba Inu: Shytoshi Kusama Unveils Shib SSI Launch Details, Here’s When</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>shib</li> 
  <li>shiba inu</li> 
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</div>

Shiba Inu: How Much Will $100 SHIB Be Worth If It Reaches ATH?

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TheBitTimes

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