NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Shiba Inu Is Getting Ready For Another Big Run – Can It Hit $0.01?

Christian Encila
Christian Encila
1 year ago
2 mins read
Shiba Inu

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Shiba Inu has been making a triumphant return to the spotlight in the last few days. During the previous week, it climbed a decent 46%.

For the last 24 hours, the price has fallen just 5.62%. Shiba Inu is currently trading at $0.00003079 with a 24-hour trading volume of $1,805,384,970.

According to some analysts, Shiba Inu is one of the best buys in cryptocurrency history. Of course, the crypto still has to prove itself.

Phenomenal Performance: But Is Shibu Safe?

The token is by no means a reliable or safe investment; however, its 2,500% run in May 2021 shows it has the potential to surprise investors with spectacular gains.

Shiba investments have risks, although, ShibaSwap’s success and popularity might bring in large sums of money.

With that said, with enough luck and liquidity, it has the potential to rise once again.

On the other hand, putting cryptocurrencies into anonymous ventures such as ShibaSwap – which may allow the founders to cheat investors out of their cryptos – poses severe security risks.

SHIB total market cap at $17.78 billion | Source: TradingView.com

Related Reading | Recapping 2021 Memecoin Mania: Dogecoin, Shiba Inu, & More

Shiba Inu: A Backstory

The memecoin was formed by an unknown individual using the alias Ryoshi.

Shiba is an Ethereum ERC-20 token that allows developers to build the ShibaSwap DEX and add other tokens and NFTs to the platform’s ecosystem.

Its maximum supply is 1 quadrillion tokens — more than any other cryptocurrencies. Because of the large token size, Shiba Inu’s price is much lower than similar assets.

Using smart contracts, Shiba Inu can build more complex applications like DEXs and NFTs.

The token launched its ShibaSwap DEX during the summer and now “Shiboshis,” a collection of 10,000 NFTs.

ShibaSwap offers a variety of options for customers to use their tokens. It was created to allow new users to invest in liquidity pools and purchase Shiba tokens.

However, this strategy isn’t new, and there will be some selling pressure when the liquidity mining incentives end. Shiba’s price has risen, but it won’t be easy to surpass its all-time high.

Currently, there’s a competition heating up between Shiba and Doge. Dogecoin has a market capitalization of $25 billion, whereas Shiba Inu has $17 billion.

Can Shiba Inu Reach $0.01?

Shiba has seen tremendous price growth in 2021. Because of recent price increases and media attention, it has shot to the top of the list of popular cryptocurrencies.

Despite its current value, many are doubtful that it will ever reach a price of $0.01 or more.

Related Reading | Shiba Inu Enters The Metaverse, But Will This Help Its Price?

Featured image from The Global Coverage, chart from TradingView.com
Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Mining Turns To Clean Energy Alternatives — Here’s Why

Bitcoin mining is undergoing a profound shift by increasingly adopting alternative renewable energy sources. This trend has led to a...

Godspower Owie 2 hours ago
Ethereum

Ethereum Whales Go On Buying Spree Amid Crash To $4,200, Here’s How Much They Bought

Ethereum’s recent movements have brought mixed emotions to the market, with a recent price crash to $4,200. While the market...

Scott Matherson 3 hours ago
XRP

Germany’s Biggest TV Channel Features Ripple, XRP On Air

Ripple and its native token XRP have been given rare mainstream exposure on German finance channel Der Aktionar TV. Related...

Christian Encila 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

coinbase-xrp-avoirs-divises-par-3

Coinbase divise ses avoirs XRP par 3 : repositionnement stratégique ou perte de confiance

guillaumev 1 hour ago
altcoins-pump-crypto-imminent-septembre-2025

3 altcoins bien placés pour un pump crypto imminent en septembre 2025

guillaumev 2 hours ago
ukraine-encadre-et-taxe-crypto-ce-qui-change

Crypto : l’Ukraine se prépare à encadrer et taxer le marché des cryptomonnaies

guillaumev 2 hours ago

Premium Sponsors

Press Releases

  • miner

    Cardano (ADA) Investment Analysis: ALL4 Mining Steadily...

    4 hours ago
  • ドージコイン 今後は4ドル突破か?新興ミームコインが200万ドルプレセールで主役に

    ドージコイン...

    10 hours ago
  • リップル 今後の価格予測:米規制緩和と国際送金拡大で3ドル突破の可能性

    リップル...

    10 hours ago
  • ChatGPT予測によるソラナ400ドルと注目の仮想通貨おすすめ銘柄

    ...

    11 hours ago
  • 新しい仮想通貨のプレセール、クジラ投資で1,500万ドル目前

    ...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.