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The cryptocurrency market has always been a breeding ground for speculation and unpredictable price movements. Since their emergence, memecoins have added a layer of excitement to the market.
Among these meme coins, Shiba Inu (SHIB) has piqued the curiosity of many, with investors and enthusiasts eagerly speculating on its future price trajectory. The burning question on everyone’s mind is whether Shiba Inu will achieve the monumental milestone of reaching $1 in value before the year concludes. While hopes may be high, a deeper examination of the situation reveals a challenging path ahead for Shiba Inu.
Keep reading to discover if SHIB can reach the $1 mark this year.
Shiba Inu (SHIB): Can SHIB Hit $1 This Year?
Introduced in 2021, SHIB is an ERC-20 token built on the Ethereum blockchain. The popularity of SHIB grew from the love the crypto community had for the Shiba Inu dog breed. The love for dogs highly contributed to the token’s initial appeal.
Over the course of a year, from August 2020 to October 2021, Shiba Inu (SHIB) experienced significant price pumps. Starting from a low of $0.000000000056, it reached an ATH of $0.00008616. Despite this feat, the token has since been associated with a pump-and-dump reputation, raising concerns about its reliability.
Although SHIB’s price remains below 0.0000075, it is poised near a breakout line. If the overall market continues to exhibit strong momentum, there is a possibility of SHIB breaking above the 0.000008 price level in the coming days.
With the recent confirmation of the highly anticipated Shibarium Layer 2 blockchain that will be launched in August this year, there has been a lot of speculation on SHIB’s future price trajectory.
The general consensus is that Shibarium will have a major upward effect on the price of Shiba Inu. However, achieving a price of $1 per token would require an incredible rally of over 13,300,000% from its current price which is highly unlikely.
Reaching this coveted milestone hinges not only on the overall sentiment of the broader cryptocurrency market but also on other developments and positive news within the SHIB ecosystem.
Having considered the highly improbable reasons why this furry token wouldn’t reach the coveted $1 mark, there is a new project that has a better chance of doing that: Anarchy (ANA).
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
— ANARCHY (@anarchycoineth) June 10, 2023
What is Anarchy (ANA)?
Anarchy (ANA) is not your average crypto project; it’s a thrilling adventure filled with laughter, innovation, and all-around good vibes.
Built on the Ethereum Blockchain, Anarchy (ANA) utilizes the widely adopted ERC-20 standard, ensuring smooth compatibility and accessibility. But it’s not just about having a good time; Anarchy takes a stand against centralized power structures, promoting transparency, data privacy, and fair regulations. It’s a rebellious token that helps you, with the aid of stickers and memes, fight for a common cause while making you smile.
But wait, there’s more! ANA holders have the power to participate in a democratic system by voting on the allocation of funds from the DAO treasury. And speaking of the treasury, it receives a generous donation of 4.5% from every transaction in the ANA ecosystem. That’s some serious financial support for their mission!
To top it off, ANA adopts a deflationary feature, burning 0.5% of every transaction in the ecosystem. This not only ensures scarcity but also adds an exciting dynamic to the coin’s value.
With all these remarkable features, Anarchy (ANA) stands out in the market. So, if you’re looking for excitement and better chances of hitting that coveted $1 mark, ANA might just be your ticket.
ANA’s Presale
ANA is currently in its first presale phase, offering ANA tokens at a discounted price of $0.00021 per token.
This is an incredible opportunity because it’s the lowest price ANA will ever be. Even if you purchase now and sell when the project launches, you will still make a profit.
So what is stopping you? Don’t let this lifetime opportunity slip away!
