Will Shiba Inu Price Hit $1? Nope - SpongeBob Token Gains Big!
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Will Shiba Inu Price Hit $1? Nope - SpongeBob Token Gains Big!

written by John Murphy | May 8, 2023

According to recent news, by market cap, the second-largest meme coin in the world is Shiba Inu Price Hit. In contrast with many cryptocurrencies, which have had a string of spikes, the currency has largely been cool this year. It has dropped 11.4% in the previous thirty days, only demoralizing the surrounding region.

Keys Takeaways:

  • In the previous 30 days, Shiba Inu has dropped 11.4%, only demoralizing the surrounding community.
  • The current market valuation of $5.8 billion overvalued Shiba Inu.
  • Shiba Inu has generated an overall 616547.92 percent ROI.
  • Shiba Inu has the potential to start to 30% bull run and maintain the position above $ 0.00001 toward the end of this quarter.
  • To sell on Uniswap, $SPONGES face positive feedback without the presale or CEX listing.

However, it is not why the cost of a Shiba Inu will never reach $1. The total amount of SHIB is 999,990,881,124,151. Also, the market valuation of $999,990,881,124,151 is completely impossible.

Shiba Inu Price Hit

HoThe project successfully creates a spacecraft that takes individuals to the moon. Given its weak proposition for value, the present market valuation of $5.8 billion overvalued Shiba Inu. Given their low fundamental worth, the bubble will eventually burst.

Despite this, Shiba Inu has produced an overall 616547.92% ROI. When united behind a shared goal, it continued to demonstrate the capability of the crypto community. Investors flocked to the token at the time despite the weak project development plans in the hopes of earning quick money.

Despite a value loss of 88.76%, the community hasn’t become worse as crypto skeptics may anticipate for an essentially worthless currency.

Shiba Inu is no different from other meme currencies, as it depends on community optimism to increase value. The reckless lenders keep purchasing the tokens to take advantage of the release of meme coins.

Shiba Inu Price Hit $1
Source: cryptopolitan

It is a wise purchase during rallies for meme coins, even if it doesn’t achieve a mythical 100X surge. If Shiba Inu pricing maintains its position above $0.00001 towards the end of this quarter, it has the potential to start a 230% bull run. The current selling price of Shiba Inu is $0.000009026.

The continued development and growth of the ecosystem of the Shiba Inu will serve as the gasoline for the following bull run. To do this, the team must follow its plan and meet the deadlines for both shibaSwap DEX and Sibarium Layer 2 development milestones.

Two years ago was the ideal moment to get a Shiba Inu. You can no longer stake your future on the meme currency. It is saturable. The greatest current options are emerging meme currencies like AiDoge and SpongeBob Tokens.

With no presale prior to the listing, on 4 May, SpongeBob Token seized the cryptocurrency market. It went viral within hours of the initial announcement. The token acquired 392.69% daily on Friday, 5 May 2023.

SpongeBob Token

Investors in meme coins looking for the next crypto burst are swarming to Uniswap to benefit from the project’s buzz. Traders who skipped out on meme currencies like $TURBO and $PEPE are another catalyst for it. In the upcoming days, analysts expect a 100X surge for $SPONGE.

At the writing time, the trading volume of the SpongeBob Token is $13.9M. Within hours, the market valuation increased to $14.94M as Whales acquired the meme coin. If the rapidly increasing market value is any indication, the sentiment of the bull is increasing.

The direct Uniswap DEX listing was another factor that benefited the token. Investors have been cautious of centralized exchanges since the FTX disaster. The regulatory issues strengthened the idea that CEXs like Coinbase continue to plague.

Therefore, there has been positive feedback on $SPONGE’s choice to sell on Uniswap without a presale or CEX listing. Because any agency didn’t control them, decentralized exchanges provide more openness.

Although other cryptocurrencies have liquidity issues during rallies, team Finance’s locked liquidity protects SpongeBob. The components are there for SpongeBob Token to become the next big meme coin. However, you must purchase the token as soon as possible to benefit from the bull run.

Crypto Influencers React with Incredulity to Shiba Inu Price Hit

Follow $SPONGE on Twitter, Telegram, and Discord to learn more about the project and its goals for the future. Discord Alpha callers have noticed it and are escalating the buzz to get the token to the top three meme coin lists.

Follow the token on DEXTools to get data in real-time.

Richard Rymski took to Twitter and made an announcement that Will the Shiba Inu Cost Reach $1? No, however using SpongeBob Tokens might result in exponentially greater returns.

Do You Kow?

  • Will Shiba Inu (SHIB) recently had a price surge that saw its value increase more than 20x in a matter of weeks
  • SHIB is a decentralized finance (DeFi) token based on the Ethereum blockchain.
  • The SHIB price surge was sparked by the meme cryptocurrency Dogecoin, which has been gaining in popularity among investors.
  • The SHIB token is the native token of the Shiba Inu network and is used to access a variety of DeFi services.
  • SpongeBob Token (SPONGE) is a meme-based cryptocurrency that saw a big price surge in the days following the launch of the SHIB token. SPONGE increased in value by more than 50% in a single day.


Shiba Inu is the second largest meme coin cryptocurrency, dropping 11.4% in the previous 30 years. SpongeBob Token seized the cryptocurrency market with no precinct before the listing on 4 May. The current selling price of Shiba Inu is $0.000009026. Will its price reach $1?