How High Can Shiba Inu Trade for if It Mirrors 2021 Bull Run?

In contrast to the market as a whole, the Shiba Inu [SHIB] It was showing an upward trend. Over the past day, the meme coin unexpectedly rose by about 3%. The asset was trading at $0.00001684 at the time of writing. SHIB rose to a high of $0.00001700 early today. This rise has continued to give the SHIB market a sense of hope. Some even say that the meme currency will repeat the bull market surge of 2020 and 2021. But how much higher will SHIB soar if the asset replicates this move?

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During this time, Shiba Inu recorded a 76,000,000% increase. Some investors who invested just $12 in 2020 realized $1 million in profits by 2021. This happened when Vitalik Buterin, co-founder of Ethereum, decided to burn a staggering 410 trillion SHIB tokens. Amid this, SHIB skyrocketed to an all-time high of $0.00008845 in October 2021.

Also read: Will burning 410 trillion Shiba Inu dogs lead to a new all-time high?

Can Shiba Inu Soar 76,000,000% Again?

The market is uncertain and it is difficult to predict the future of these tokens. However, there is potential in the meme coin market, and SHIB may repeat its move. Currently, SHIB is looking to reclaim the $0.000016 price range. Shiba Inu’s price has fallen 82% from its all-time high of $0.00008845 to its current level. Some analysts believe that SHIB may surpass this record high. Some predict that the asset may soon delete zero. Others believe that the token will soar to $0.00045. Shiba Inu will surpass the goals of all these experts, especially if the 2020-2021 surge is repeated.

Also read: Shiba Inu: Decoding this week’s SHIB crash

SHIB’s market capitalization should be reported as $709 trillion. However, achieving this value would be nearly impossible and extremely costly, so it is highly unlikely that this pattern will occur again.

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