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The cryptocurrency industry has been eagerly waiting for several milestones. This includes Bitcoin (BTC) hitting $100K and Shiba Inu (SHIB) achieving the 1 cent milestone. The meme coin, however, was seen trading at $0.00001369 with a drop of over 1% throughout the last 24 hours, at press time.
SHIB is currently 84% below its all-time high which isn’t 1 cent. The asset reached a peak of $0.00008845 back in October 2021. SHIB’s rise to 1 cent requires the asset to surge by 730%. While this is on the cards for the asset, several ambitious investors were looking forward to the meme coin increasing to a high of 3.3 cents.
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According to data from Changelly, the asset will reach the 1-cent mark sometime in 2040. Shiba Inu will have to rise by over 2,000% to achieve the 3.3 cents mark. This will occur only in the year 2050.
While it certainly is quite a long wait for its investors, the odds of it happening aren’t negated. Shiba Inu has surged over 16756630.79% from its all-time low of $0.00000000008165. Furthermore, patience is the only way that the asset’s investors can benefit from SHIB’s potential rally.
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European’s To Aid SHIB’s Trajectory?
Kraken, a well-known cryptocurrency exchange in the US, has increased the number of margin pairings available on its site. SHIB/EUR, NEAR/EUR, SEI/EUR, and PEPE/EUR were most recently added. The SHIB/EUR pair allows for the establishment of long and short trades with a $2 billion limit and up to 3x leverage. The purpose of doing this is to give European users more trading possibilities. Additionally, Shiba Inu seems to be getting much-needed global exposure through this latest integration.
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