BHIM app offering users cashback up to Rs 750: here's how to avail it Why Does Crypto Crash? 6 Reasons Shiba Inu is built on the Ethereum (ETH) network, which means that it is a token, rather than a coin. You might see references to a shiba inu coin price prediction, or have people ask "what is the future of shiba inu coin", but they are wrong.&; In October 2021, the market price of the cryptocurrency experienced a significant rise, reportedly increasing by 240% within a week. However, at the beginning of November, it faced a decline, reportedly losing approximately 55% of its value by the end of the month. Finally, there’s the issue of Shiba Inu’s price, which is tiny. Some traders see it as a type of crypto lottery ticket because they can afford, for example, 1 million of these coins (at a cost of $12). how much is 1 dogecoin Like with penny stocks, they think that if the coin just went up to one cent, they’d make a lot of money. Or even if Shiba Inu went to where Dogecoin was trading, they’d cash in their chips.