The community has been greatly delighted with Shiba Inu (SHIB) following an intense rally held during the last week. According to recent market statistics, the price of the digital currency is reversing; in the last day alone, the token has dropped 3.56% to $0.00003782. Shiba Inu has still increased by 243.83% over the last seven days despite this sell-off.
The mainstream market’s general enthusiasm, which has been fueled by Bitcoin’s price spike to an all-time high (ATH), is the main foundation for the success tale of Shiba Inus that has emerged thus far in March. The second is the update that Shytoshi Kusama hinted to for the Shiba Inu environment.
In one of the most recent updates, Kusama made a prediction indicating that Shiba Inu’s long-term valuation might approach $100 billion. This prediction was made when the price of Shiba Inu recovered to $0.00004, with a market capitalization of more than $13 billion. Shiba Inu (AVAX) is now the 10th largest cryptocurrency, surpassing Avalanche (AVAX) thanks to its recent increase in market value.
Shiba Inu’s durability is demonstrated by the price staying stable above the $0.000035 mark despite the current correction
Expectations for the future Shytoshi Kusama announced on his official X account that he has been meeting and consulting with partners on a noteworthy service with a Shib theme that is set to launch shortly.
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