$DOGE $PEPE $SHIB
The main reasons why SHIB has not soared are as follows:
- Impact of Token Issuance: The speed of its token issuance is extremely fast, with an issuance rate skyrocketing to 6220% in just a few days, having issued 410 trillion tokens. A large number of tokens flooding into the market will inevitably have an impact on the price, making it difficult for it to rise rapidly and significantly.
- Ecological Balance Issues: Although there have been actions such as recalling some tokens, overall ecological development is crucial. As researchers have said, relying solely on large-scale token issuance is not a panacea; ecological projects like DeFi are also very important. Excessive issuance and high prices will scare away new buyers, hindering SHIB's development, so it is necessary to coordinate token issuance with efforts in other areas to find a balance.
- Market Factors: The key to a coin's value lies in whether its ecosystem is strong and can continuously upgrade and develop, as well as whether there are many applications favored by blockchain players, rather than relying solely on various news in the market or trading activities of retail and large investors. Currently, its ecological development status is still insufficient to support a meteoric price surge.
Currently, although the price of SHIB is rising and experts are relatively optimistic, technical analysis suggests that breaking a certain point could lead to $0.000045, but to reach $1, the SHIB community needs to work hard on token issuance and improving ecological projects, while also accurately gauging market dynamics and investor psychology.
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