SHIBA Inu has soared in value recently, hitting several new all-time highs. In the past 24 hours, the price of Shiba is up 11.07% to $0.00005637, according to CoinMarketCap.
1We explain how the value of Shiba Inu could change in future
On October 28, Shiba hit an all-time high of $0.00008845.
Shiba also rose in value earlier in October following a tweet by Elon Musk.
Mr Musk, the billionaire entrepreneur behind Tesla, has a Shibu Inu puppy and posted a picture of it on the social media site, which started a big rally.
In the past month, Shiba has risen by more than 117%, according to Coinbase.
But what does the future have in store for the dog meme cryptocurrency?
The Sun spoke to experts to find out what lies ahead – and what the cryptocurrency could be worth by the end of 2021 and beyond.
Shibu Inu is a cryptocurrency token that allows users to hold trillions of them.
Tokens of Shiba Inu feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.
Whether you’ve already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed.
Cryptocurrencies are especially volatile, so their values can crash with little to no notice.
In other words, it’s important to not put in more cash than you can afford to lose and to never invest in something you don’t understand.
Newer cryptocurrencies are also riskier than those that have been around for longer, such as Bitcoin, and make you more open to scams.
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Will Shiba Inu’s price rise?
For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.
For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.
It’s difficult to predict how Shiba Inu’s price will change in future, due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, comments by high pr …