The Shiba Inu (SHIB) ecosystem is full of hope following a recent revelation. The network’s marketing lead, Lucie, predicted that SHIB could surge by 1,000% within two to three days.
This seems almost impossible considering their current price levels,
but the SHIB market has always been full of surprises. The asset has risen
1,028,241% since its launch in August 2020. Amazing, isn't it?
Current market sentiment and price movement
A
meme coin was trading at $0.00001707 at the time of
publication after a 3% drop in the last 24 hours. It's worth knowing
that SHIB had a pretty good month. The asset shot up almost 30% in the
last 30 days.
Despite its current price level, community sentiment remains bullish. According to the votes of 23,938 people on the CoinMarketCap platform, 86% believe that SHIB has the potential to rise. However, 14% of people are leaning towards the bearish side.
Can Shiba Inu get 1000%?
The
Shiba Inu's sideways price movement fueled bearish sentiment
market, which led investors to question the possible increase in
asset. However, some others believe that a mere investment of
$1,000 could generate remarkable profits.
Reversals on a $1,000 investment
Considering
the current price of SHIB, a $1,000 investment in Shiba Inu
would bring 58530875.03 tokens in this evaluation. It is interesting to note that
Shiba Inu would cost $0.0001707 if its price increased by 1,000%.
investment of $1,000 would rise to $9,990.68. But that's only if the
meme coin increase by 1,000%.
Additionally, SHIB's ability
of making millionaires has taken a back seat. But the asset still has
a lot to offer. With the network increasing its utility, the meme coin
could benefit and exceed expectations.
