#BSCOnTheRise

Shiba Inu, also known as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person known as “Ryoshi”. It is a token for Ethereum on the Ethereum blockchain and is based on Dogecoin; it has been described as a “Dogecoin killer”.

The cryptocurrency’s exchange rate rose significantly in early October 2021. Its value increased by 240% during the week.[7] However, in early November, the price dropped and continued to decline, ending the month having lost nearly 55% of its value. #

Can Shiba Inu Reach $1?

In order for the price of Shiba Inu to reach $1, more than 99% of the circulating supply would need to be eliminated. The current supply of 589 trillion tokens means that a price of $1 necessarily entails a market cap of $589 trillion – a value that is practically impossible under current market dynamics...$BTC $SOL