Will the Shiba Inu coin ever be worth a dollar? As a result, expert analysis has increased by 264 percent

The Shiba Inu is a Japanese hunting dog, but cryptocurrency aficionados are better familiar with this critter as the face of a new digital coin. Shiba Inu surpassed dogecoin as one of the most traded tokens this week, gaining substantial ground amid unsubstantiated rumors that Robinhood was about to list it.

According to CoinMarketCap, the value of the Shiba Inu currency has started to decline 1.64 percent in the last 24 hours.

The platform indicates that the digital currency has increased by 264.9 percent in the last seven days, the largest increase of any crypto on the platform, followed by Fantom, which has increased by 55.96 percent.

The coin’s market worth is more than $10,947,762,998.

Will the Shiba Inu coin, however, reach $1? Cryptocurrency experts spoke to Express.co.uk about the new digital currency and if it will ever hit $1.

Will Shiba Inu coin reach $1?

SHIB is now ranked 20th on CoinMarketCap, with many cryptocurrency experts blaming the recent surge in interest in the digital coin on social media.

Marie Tatibouet, CMO of cryptocurrency trading platform Gate.io, feels that the current…