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Crypto Crash: Can Shiba Inu Reach $1 in 2023?

Crypto Crash: Can Shiba Inu Reach $1 in 2023?

If 2021 was the coming out party for the cryptocurrency industry, then 2022 has been the nasty hangover. Last year, the combined value of all cryptocurrencies exceeded $2.9 trillion, but that figure has crashed to just $800 billion as of this writing.

Shiba Inu (CRYPTO: SHIB) was a star of the crypto industry’s ascent, logging a historic annual return of 43,800,000% in 2021. But that enthusiasm has evaporated with the token losing 74% of its value in 2022 year to date.

Many investors would say that’s proof Shiba Inu was merely a vehicle for speculation, but could the token find new use cases to potentially increase its value? If so, might another meteoric rise be in the cards, from its current price of $0.000008 to $1 next year?

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Crypto Crash: Can Shiba Inu Reach $1 in 2023?

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