David Gokhshtein, a renowned entrepreneur and former US Congressman as well as a strong Dogecoin (DOGE) bull, Shiba Inu (SHIB) He said that he will experience a huge increase from the level he is at now.
“$0.001 is quite possible, even if not $1”
The popular name in the cryptocurrency community said that the second largest meme coin could potentially hit $0.001. This level represents an increase of 3200 percent from the current value of SHIB. While such an increase may seem remote for now, Gokshtein believes it is possible.
The analyst shared a post with his followers on Wednesday. tweetHe said he was not sure if SHIB would reach $1, but was confident it would reach $0.001, and said he would invest:
“I don’t believe SHIB will reach $1, but I can see it touching $0.001. This is my personal opinion. I will take it.”
SHIB expands its presence in Turkey
After the Robinhood listing, a development the community has been waiting for for months, Shiba Inu has become the most popular cryptocurrency in the last 48 hours, especially among social media and crypto news sites. This time, however, things have taken to another level. The popularity of the popular meme cryptocurrency on FOX TV, one of Turkey’s largest television channels, took Shib’s popularity beyond expectations.
This was the second major SHIB news from our country after the former Minister of Economy and AK Party Group Deputy Chairman Mustafa Elitaş had a discussion with Shiba Inu Turkey, the representative of the Shiba Inu community in our country, about the ecosystem and adoption of the coin.
Shiba Inu’s influence in Turkey grows
Considering that the Turkish lira has been in free fall for years, it is not new news for Turkish citizens to turn to cryptocurrencies alongside classical investment instruments to protect the value of their savings, and the relationship between them goes back to the past. Many Turkish investors initially decided to buy Bitcoin (BTC) as a hedge against inflation eroding the value of their currencies. After entering the crypto world with Bitcoin, it was not difficult for affordable tokens such as Shiba Inu to attract the attention of investors.
This is mainly because the altcoin is cheap and according to investors like meme coin bull David Gokshtein, SHIB has the potential to go much higher than this level. Thanks to such features of the cryptocurrency, SHIB acts as a gateway to crypto for new investors and attracts investors.
The recent appearance of SHIB on Turkish television, and the conversation the former Minister of Economy has had with their supporters, suggest that the meme coin may be on its way to finding a permanent place among Turks.
Shiba Inu keeps moving forward
Despite the trend in the market due to the much anticipated Robinhood listing, SHIB is still in the green from last week. The token’s newfound popularity and the fact that it is now available to users of Robinhood are likely to be a catalyst for the price to go higher and attract more buyers.
Shiba Inu is the second largest meme token in the crypto market after Dogecoin. Recently, the team behind the cryptocurrency has been working relentlessly to make it better and increase its value. These improvement efforts include token burning to reduce the circulating supply, launching an NFT collection, a Metaverse, and a recent listing on Robinhood.
These could be factors that contribute to the current popularity of the token, and if this trend continues, the token may reach the expected price level of $0.001 even if it does not reach the $1 mark as Gokhshtein said.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.