In May 2023, a prominent Shiba Inu community member who goes by the name “ShibInformer” on Twitter posted a “preview of the user interface of the SHIB burn mechanism
According to our Shiba Inu price prediction algorithm, the price of SHIB is expected to increase slightly by May to reach the year’s high of $0.00001237. After that, SHIB could proceed to retrace toward the end of the year and reach $0.00001007.
So, can Shiba Inu reach $1?
If nothing dramatically changes with the Shiba Inu tokenomics, there is no chance that SHIB will ever reach $1 or even lower price milestones like 1 cent. However, if the proposed Shibarium changes come into effect soon and burn a substantial amount of SHIB, we could see the Shiba Inu coin massively increase in value. This potential for price growth is one of the reasons why Shiba Inu is featured on our list of the best penny cryptos.
With its impressive bull run in 2021, Shiba Inu has demonstrated that there is a considerable market for meme coins, spurring other cryptocurrency projects to follow in its footsteps and leading many investors to wonder which meme coin might be the next Shiba Inu.
About Author
