The Shiba Inu (SHIB) ecosystem is buzzing with hope following a recent revelation. The network’s marketing lead, Lucie, predicted that SHIB could rise by 1,000% within two or three days.
This sounds almost impossible considering its current price levels, but the SHIB market has always been full of surprises. The asset surged by 1,028,241% since its launch in August 2020. Amazing, right?
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Current Market Sentiment And Price Movement
The meme coin was trading at $0.00001707 at press time after a 3% drop over the past 24 hours. It is worth knowing that SHIB had a fairly good month. The asset skyrocketed by nearly 30% in the last 30 days.
Despite its current price level, the community sentiment remained bullish. According to the votes of 23938 people on the CoinMarketCap platform, 86% believe that SHIB has the potential to rise. However, 14% of the people are inclined towards the bearish side.
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Can Shiba Inu Rise By 1,000%?
Shiba Inu’s sideways price movement has fueled market pessimism, which has led to investors questioning the asset’s possible rise. However, a few others believe that a mere $1,000 investment could yield notable profits.
Potential Returns On A $1,000 Investment
Considering SHIB’s current price, a $1,000 investment in Shiba Inu would bring in 58530875.03 tokens at this valuation. It’s interesting to note that Shiba Inu would cost $0.0001707 if its price increased by 1,000%. The $1,000 investment would rise to $9,990.68. But this is only if the meme coin increases by 1,000%.
In addition, SHIB’s ability to make millionaires has taken a backseat. But asset still has a lot to offer. With the network boosting its utility, the meme coin could benefit and surge beyond expectations.
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