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Shiba Inu (SHIB) has become one of the most prominent meme-inspired cryptocurrencies since its launch in August 2020. The developers behind the decentralized token have worked to build an ecosystem of projects for the SHIB community. However, the recent launch of the layer-2 solution Shibarium failed to significantly boost prices amid the ongoing crypto bear market. With Thanksgiving approaching, here is our Shiba Inu price prediction for Thanksgiving 2023. What is Shiba Inu? A Brief History Shiba Inu is a decentralized cryptocurrency that spawned from a meme-inspired online community. The token’s mascot is a Shiba Inu dog, which led to the name. In mid-2020, an anonymous individual or group known as Ryoshi started working on Shiba Inu as an experimental decentralized community project. Ryoshi intended to take the meme coin concept behind Dogecoin and build an ecosystem around it. Also read: Ben Armstrong Sues Ex-Colleagues Over Alleged Stolen Lamborghini After l...

Shiba Inu (SHIB) fans and investors have long pursued their $0.01 goal. Although the project saw a meteoric rise in 2021, it is down by a whopping 91% from its all-time high. SHIB would have to rally by over 1000% to reach its ATH once again, and the journey is anything but simple. Given that the road to its ATH is a task on its own, reaching $0.01, is even more difficult. To reach its “one cent” goal, Shiba Inu (SHIB) would need to rally by 131,826.12 %. Although this seems incredibly large, it is not something that SHIB has not achieved before. Since November 2020, SHIB is up by an eye-watering 13,447,047.02%. This is mostly due to Vitalik Buterin burning 410 trillion SHIB tokens that he received upon the project’s launch. Going by the same idea, another burn of such a magnitude could possibly take SHIB to its goal of $0.01. However, the question now evolves, “How can we do so?” Also Read: Shiba Inu: Here’s When SHIB Could Delete 2 ‘Zeroes’ ...

Shiba Inu is a digital asset that has gained prominence as a meme coin . It has also attained a place among the top 20 cryptocurrencies by market capitalization. The SHIB team has been consistent in its development efforts and has undertaken several projects. The SHIB network has gained recognition for achieving notable benchmarks and milestones in the SHIB coin.  Let’s look at the history of the second-largest meme coin , and how it’s grown over the years. Also read: How to Stake XRP? Shiba Inu in a Nutshell Shiba Inu coin is a cryptocurrency that emerged in 2020 as an offshoot of the popular meme cryptocurrency Dogecoin. It takes its name from the Shiba Inu dog breed, which gained fame through the Doge meme. Shiba Inu coin quickly gained attention and became one of the most talked-about cryptocurrencies. This has also prompted many to buy Shiba Inu. The coin gained popularity primarily due to its appeal to retail investors, who were drawn to its low price and the pot...

Shiba Inu (SHIB) is a notable dog-themed meme coin with a strong and supportive community. The SHIB development team has shown dedication to enhancing the meme coin through several initiatives, developments, collaborations, and listings. The meme coin realm has been on an uphill surge in the last week, with billions in trading volume. However, the surge in trading volume seems to have failed to keep the price stable. According to CoinMarketCap data, the price of Shiba Inu (SHIB) has plummeted by 1.76% in the last 24 hours. The price of SHIB stands at $0.000008893 at the moment. The data also reveals that SHIB is down by 10.2% in the last 7 days and by 18.17% in the last 30 days. Shiba Inu has added a zero to its price and is trading almost in the same range as it was during the collapse of FTX in November 2022. Even though Shiba Inu touched a high of $0.00001789 in the last few months, the gains have all been erased. Good News? Shiba Inu Buying Activity Rising...

Shiba Inu (SHIB) has turned many amateur investors into millionaires. The project has several examples of people who got in early and grew small investments into significant profits. If one would have purchased $1000 worth of SHIB tokens in 2020, the investment would have been worth almost $20 million today. However, many believe that they missed the SHIB bus, as such “rags to riches” examples are only from investors who got in early. Nonetheless, that has not stopped people from getting into the project, even if they are a little late. SHIB/USDT Chart on Trading View Let’s say you got into Shiba Inu (SHIB) just this quarter. How much gains would you have made? At the beginning of Q2 2023, SHIB was worth $0.00001086. A $1000 investment would get you around 92081031 SHIB tokens. Fast forward to today, SHIB has fallen in value and is worth around $0.00000885. The same SHIB tokens would be worth roughly $814. The decrease represented a fall of roughly 18%. However, if you had purchase...