Shiba Inu grew exponentially in October, recording a +900% profit in just 30 trading days. The spike has made SHIB the focus of discussions in the crypto space. Shiba Inu is the most talked about cryptocurrency on Twitter when it comes to beating the giants of Bitcoin and Ethereum.

However, its phenomenal rise came to a halt in November after falling more than -50%. Investors are waiting for deeper declines before increasing investment. The more 'selling' pressure a token attracts, the more its price will drop in the coming days.

Source: TradingView

However, a financial analyst revealed that SHIB's downtrend is temporary and it may soon pick up. He added that SHIB is less than two years old and cannot be wiped out easily.

“The current drop in the price of Shiba is making most investors wonder if the coin is out of date. Objectively, the answer is no. It is still too early to dismiss a coin less than 2 years old from the market. Any experienced trader would agree that this is just the beginning.”

“It is certain that the recent drop in price will not continue indefinitely. At some point, the price will reverse with the right upward momentum. This is normal in a market where prices fluctuate frequently. Any fresh bull run could see the SHIB price reach a sentimental value of $0.0001. This will be a new all-time high and represents a new milestone in the journey to get the meme coin to 1 cent.”

Shiba Inu: A 1 cent dream

Most investors are hoping and praying that SHIB will soon surpass the 1 cent mark. The $0.01 mark can turn investors into millionaires and lead them to financial freedom. While some want to buy a home, others want to experience peace and quiet so they don't have to 'bow their back' to earn a living.

SHIB carries a million dreams and its price movement is the heartbeat of millions of investors. Analyst Del Crxpto wrote about the '1 cent dream' and the phrase has surfaced like a craze on social media.

Will SHIB hit the 1 cent mark? Only time will tell. Despite being bearish, the token is bullish and could push to new highs by year-end.