đ„đ„Is Shiba Inu a Cryptocurrency That Can Earn You $1 Million?
Shiba Inu is currently trading at $0.000009268 and has been mostly in the red on the charts for a month.#SHIBlaunched in August 2020 at a modest price of $0.000000000951, and investors can accumulate trillions of tokens at a low price. SHIB has increased by 85,000,000% (85 million percent) from its inception to October 2021, enabling early investors to become millionaires. In the past, even a $650 investment earned investors $1.7 million by the end of 2021.
The dog-themed token continues to be the star of the cryptocurrency market, also generating huge profits in 2021.
But the money-making machine was shaken when SHIB entered 2022 and fell into the trap of falling. The token has only moved backwards since then with little to no price explosion. Shiba Inu also added an extra zero to the charts, and its hopes of earning $1 million or more went down the drain.
Shiba Inu: Can SHIB Still Make You a Millionaire?
The only thing preventing the SHIB price from rising sustainably is the huge supply of 549 trillion tokens. The supply is inexhaustible, and this has caused Shiba Inu's growth to stall in huge proportions. Even the Shibarium layer-2 solution, which is said to burn trillions of SHIB tokens, has not started its burning process.
Therefore, all paths to the $0.01 level are narrow, which causes SHIB to fail to reach its price target. Investors may need to wait years or even decades to escape current prices. If Shibarium doesn't burn trillions of tokens, the dream of becoming a millionaire from SHIB could be forgotten.
Cryptocurrency markets are influenced by global macroeconomic factors and increases may not be expected. As a result, there is currently no doubt that Shiba Inu will bring you profits of $1 million or more, and SHIB is not attracting buying pressure or new buyers.
