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Can Shiba Inu Reach $1?

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The popular cryptocurrency has overcome incredible odds and delivered massive returns for some investors.

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Shiba Inu is one of the most explosive investments ever.

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Among history's most-explosive investment vehicles, few even come close to what Shiba Inu ( SHIB 0.17% ) cryptocurrency accomplished

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In 2021, the digital token put up gains of roughly 46,000,000%, meaning those lucky enough to invest $1,000 at the beginning of the year and then sell at an opportune time became multimillionaires.

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SHIB currently has a maximum supply of 589.7 trillion coins.

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It has a market capitalization of roughly $13.3 billion and ranks as the 15th-largest cryptocurrency by valuation

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If the token were to reach a price of $1 per token, that would mean that it would have a staggering market capitalization of $589.7 trillion

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In order to accomplish that, it would need to grow to 725 times the current market capitalization of Bitcoin, which currently has a market cap of roughly $813 billion.

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SHIB's performance has already been nothing short of incredible, and it could still deliver more big wins