Like the rest of the cryptocurrency market, Shiba Inu (SHIB) also surged over the past day. The meme coin was up by over 7% and moved from a low of $0.00001701 to a high of $0.00001867 within a few hours. SHIB witnessed a slight correction at press time and traded at $0.00001823.

Also Read: Shiba Inu: SHIB Eyes 351% Surge To $0.000081, Analyst Predicts

Along with its price, the SHIB network’s trading volume saw a notable uptick. Over the past day, Shiba Inu’s trading volume rose by 190% to $543.36 million.

Can Shiba Inu Finally Reclaim Its All-Time High?

The cryptocurrency community has shelved its 1-cent dream and is betting on the meme coin to reclaim its all-time high of $0.0008845. SHIB reached this peak in October 2021, exactly three years ago. The meme coin will only achieve this level if the asset’s market cap reaches $500 billion.

Currently, SHIB’s market value is $10.75 billion. To reach its peak, the asset will have to rise by 4,629% from its current price level.

Also Read: Buy Cardano (ADA): November 2024 Price Prediction Reveals

How Many Tokens Should Citizens of These Countries Hold To Make the Most of This Rally?

The minimum wage in India hovers around INR 5,340 or $63.51 per month. At this rate, an Indian minimum-wage worker would accumulate INR 1.98 million, which is about $23,648, over 31 years to garner increased profits. Shiba Inu’s potential might condense several years of work into a single cash payoff for Turkish investors.

The gross minimum wage in Turkey was pushed to TRY 20,000, which is about $583 per month. At this rate, earning TRY 810,182 ($23,648) would take around 3.3 years. Things were even more challenging for Nigerian citizens.

The current minimum wage in Nigeria is NGN 70,000 per month, equivalent to around $43.19. At this rate, a Nigerian minimum wage worker would need to labor for nearly 45.6 years to earn NGN 38.3 million, or $23,648.

The minimum wage in Argentina, where inflation is high, is ARS 271,571 or $276 per month. One would have to labor for almost 7.1 years to earn ARS 23.64 million, or $23,648, through Shiba Inu.

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