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Shiba Inu hit an all-time high of $0.000086 on Oct. 28 last year, and its price has pulled back in conjunction with bearish momentum for the broader market. With its current token price sitting at roughly $0.000024, the cryptocurrency is currently down roughly 72% from its peak. Send, receive and spend crypto Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules With such incredible gains, it’s not surprising that people wonder if the SHIB token is on track for more impressive wins. And the question of whether it could ever reach the $1 price point is one that pops up with some frequency in crypto circles. So, could the popular meme token really hit $1? Shiba inu is generally perceived as a meme currency similar to other dog-themed cryptocurrencies such as dogecoin and has a similarly viral following of more than 1.2 million people on Twitter. SHIB’s price often makes news headlines, as it routinely notches tremendous gains and endures equally steep losses.
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