Is the CEO of $SHIB and $PEPE planning to remove all zeros?!
Recently, the news about SHIB and PEPE removing all zeros has stirred up the crypto community!
There are all sorts of comments online like "SHIB is going to reach $1" and "PEPE is about to explode," making people excited and eager to FOMO in immediately.
But we also need to think calmly about whether these messages are reliable?
To be honest, so far, the teams behind SHIB and PEPE haven't even hinted at removing zeros. This means that these statements are just guesses without any solid evidence. Rumors spread incredibly fast in the crypto world, but we need to be composed and wait until the official word is out before taking action.
If removing zeros could really happen, what kind of logic would be behind it?
1. Burning a large number of tokens, the most direct way is to burn those tokens. But this takes time and planning. Even if this is done, it doesn't necessarily mean that the price will immediately rise. It's all about market supply and demand.
2. Token utility, for a token to increase in price, simply reducing supply is not enough; it also needs to be used and have market demand. If SHIB and PEPE are not widely used, the price will eventually drop; relying solely on speculative emotions can only lead to temporary FOMO.
3. Community support for MEME coins like SHIB and PEPE is crucial. If the people in the community are all enthusiastic, the price can soar. But if there's only enthusiasm without substantial support, that excitement will be short-lived.
Although we may feel excited when we hear some rumors, we should be more rational because reducing zeros is not a simple matter; it requires multiple factors to work together to achieve it.
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