This Report Says Shiba Inu (SHIB) Could Hit $10 If It Becomes a DAO. Here’s the Timeline

A recent report has made headlines for claiming that the digital asset Shiba Inu (SHIB) could rise by an astonishing 101,358,099%. The report published by the crypto research firm Analytics Insight, which has since been deleted due to its speculative nature, suggests that the digital asset could reach such a staggering growth rate if it is able to successfully complete its goal of becoming a “decentralized autonomous organization” (DAO).

The analysis claimed Shiba Inu (SHIB) could move up to $10 if by 2024 it successfully completes its goal to become a DAO.

The report says if Shiba Inu is able to become a DAO, it would have the potential to become large and powerful. This would give it the potential to become a major player in the crypto world and could lead to a significant price increase.

However, the report also notes that such a growth rate is far from certain. It states that the success of Shiba Inu’s DAO project is dependent on a number of factors, such as its ability to attract developers, its ability to build a strong community, and its capacity to develop and maintain a secure platform.

In addition, the report also warns that any significant increase in the price of Shiba Inu could lead to a rapid sell-off, as investors may be tempted to cash out while the asset is still at a high price.

Shiba Inu (SHIB) Realistic Target

Rather than the unrealistic pump of 101,358,099%, which could see the coin move to $10, crypto enthusiasts have set their realistic target price at either $0.0001 to $0.001. The management, Shibarium is expected to burn SHIB with 70% of base transaction fees, supporting the burning campaign.

This burning process could help provide support for Shiba Inu’s price movements. This development could make crypto enthusiast target for SHIB a reality.

Overall, the report’s claim of a 101,358,099% growth rate for Shiba Inu is certainly eye-catching. However, it also serves as a reminder of the risks associated with investing in digital assets and highlights the importance of doing your own research before investing in any digital asset.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.