- SHIB has been surging to gain its bullish April.
- Following this, many Twitter (NYSE:TWTR) users commented on its $1 hike.
- An insider tweeted that he believes SHIB would not reach $1.
Shiba Inu was the only meme coin that was surging amid the global crypto market fall. In the past day, its price value climbed by over 22%. Although the coin had not yet reached its $1 target, the community is rowdy about whether it will hit the target or not.
To note, David Gokhshtein, the founder of blockchain company Gokhshtein Media, recently opined that the Shiba Inu coin would not hit $1. But speculated that it might touch $0.001.
In response to Gokhshtein’s post, an insider tweeted “How could it not reach .01 or 1 dollar – when we’re burning, there’s more & more holders & utility coming?”. They added that the listing of SHIB on Robinhood (NASDAQ:HOOD) exchange could be a way for a $1 hike.
How could it not reach .01 or 1 dollar – when we’re burning, there’s more & more holders & utility coming?You are wrong & I’ll be reminding you later. We just got Robinhood, again some thought it’d never happen.
— KalAlden.X (@KalAldenX) April 13, 2022
To add, another user commented that ten years ago many people did not believe that BTC would hit $100, but the very next year, “the price exceeded $100 and even surpassed $1,000.” The insider also added that even if it takes time, SHIB will hit $1, due to its continuous adoption and innovative progress.
10 years ago many people said that they don’t believe #BTC will hit $100 but the very next year, the price exceeded $100 and even surpassed $1,000. It will be a long way but I believe that $SHIB will hit $1. Especially with it’s continuous adoption and innovative progress.— Cris Kimura SHIBARMY (@Cristell_Kim) April 13, 2022
Apart from these comments in the past two days, SHIB has been reported to have reached its bullish stint in April 2022. Currently, the coin trades at an average price of $0.00002651, with a nearly 0.72% surge in the past one hour. Also, its market cap is registered at $14 million.
SHIB/USDT 1-week chart (source: TradingView)
In October 2021, SHIB reached its all-time-high (ATH) with an average $0.000088 price hike and soared over 75% of its value in the crypto market. As shown by Coinmarketcap, the 24-hour price value of some cryptocurrencies has rallied to varying degrees currently. This includes BTC (2.56%), ETH (1.72%), XRP (2.61%), ADA (1.47%), LUNA (2.48%), etc.