Shiba Inu is less than two years old in the market but quickly grabbed the attention of investors after its launch. The token entered the 100 lists of cryptos in 2020 and 2021 and made its way to the top 10. Several businesses around the world announced accepting Shiba Inu as payment and in return increased their use-cases. Read here for a list of businesses that have accepted the token as payment on their check-out page.
Shiba Inu had a phenomenal run during the first half of 2021 as it deleted four ‘zeroes’ in the indices. SHIB made its early investors turn millionaires in a year. Read here to know how a truck driver made millions by investing a mere $650 during Shiba Inu’s inception.
Read More: Full List of Businesses that Accepted Shiba Inu As Payment in May 2022
How Many ‘Zeroes’ Shiba Inu Deleted From June 2021 to 2022?
Shiba Inu was trading with five ‘zeroes’ in June 2021 and a now a year later, the token is trading with four ‘zeroes’. In 365-trading days, SHIB has managed to delete only one ‘zero’ in the indices. The deletion of one ‘zero’ came in October 2021 when Shiba Inu went parabolic as it spiked 1,000% in 30-days.
The token had also reached its all-time highs of $0.00008616 during that period. Just when everyone thought SHIB is poised to delete another zero, the crypto began slumping in the indices.
The dog-themed token has been trading on the backfoot this year showcasing very little or absolutely no gains. SHIB has shed most of the gains that it delivered last year and is down 87.3% from its ATH. A bull run is nowhere on the horizon and investors are now forced to hold on to their assets.
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Upcoming Developments
Shiba Inu has a lot of developments up its sleeves this year and the most-awaited is Shibarium. Reports are doing the rounds that Shibarium ‘documentation’ might be released anytime this month. Moreover, a tentative date for the Shibarium release is not made announced yet as the team is still working on the project.
At press time, SHIB was trading at $0.00001095 and is down 7.4% in the 24-hours day trade. It is also down 47.1% in the last 30-trading days.