Shiba Inu (SHIB), a token aspired by an Ethereum-based alternative to Dogecoin (DOGE) increased by 71,651,844% in the last 365 days. To add on, Shiba Inu received bullish cues from a broader recovery across the top digital assets.
Concurrently, Kraken, a cryptocurrency exchange based in the U.S recently publicized it would effectively enable SHIB trading on its platform from Nov. 30.
In October, Shiba-Inu reached a record high of $0.000088. However, SHIB has grappled recently but now signs of an upward trend has begun to display.
SHIB’s price broke above the flag’s upper trendline, accompanied by a rise in intraday trading volumes. To add on, Shiba Inu now has over one million investors. More so, the milestone appears to have prompted its developers to explore further growth. This is through moving into gaming and the metaverse.
Although, Don Guo, CEO of fintech firm Broctagon, says it is impossible for Shiba Inu to ever reach the heights of $1. Reinstating that In order for SHIB to reach a dollar, SHIB requires a market capitalization of one quadrillion US dollars.