Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…
Meme coin Shiba Inu (CRYPTO: SHIB) is one of the cryptocurrencies that have traded higher since Donald Trump won the 2024 presidential election.
The cryptocurrency trades well off of all-time highs, but Benzinga readers think the coin could go higher over the next year.
What Happened: Shiba Inu continues to see a high burn rate, an event that can increase the price of the cryptocurrency with a lower supply available.
While Bitcoin (CRYPTO: BTC) hit new all-time highs and continues to trade higher after the 2024 election, Shiba Inu lost momentum. The cryptocurrency, which is the 11th largest by market capitalization, is down 10.5% over the past seven days with a current trading price of $0.00002457.
“Do you think Shiba Inu can reach one cent by the end of 2025,” Benzinga recently asked readers.
The results were:
- Yes: 47%
- No: 53%
The Benzinga poll was nearly evenly split with 47% of readers saying they think Shiba Inu could hit one cent …
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