Back in 2010, if you had said that Bitcoin would be worth around $73k~, people would have laughed at you, and not only laughed but also called you a scammer, just like the person who created Bitcoin. And don't come and tell me that yes, Bitcoin is a currency, altcoins are not the same odds. In that period, in 2010, anything outside the stock market and real estate market was considered a scam or a scheme in people's eyes. Bitcoin in 2010 had the same chances as today's known meme coins like Shiba Inu. Can Shiba Inu reach 0.01/0.1/1? It's like asking if Bitcoin could reach 500k/1M/10M? The answer is yes, but it's impossible to know what will really happen in the market if tomorrow the biggest holders decide to sell all their Bitcoin and withdraw large amounts of money because the next big thing has arrived, then Bitcoin would crash. In short, it's impossible to know, so stop with all these definitive statements about whether currencies will definitely reach a certain price or not because there's no way to know. Just as none of you believed in 2010 that Bitcoin, worth $0.04, would one day be worth 73k, go ahead and analyze future rises and falls of graphs as much as you want in order to analyze if the price of a currency will reach a certain level. One must delve into the psychology of all the people, investors, and predict the future, what will be concluded in contracts, and what will be legislated in the world. Here, a year ago in the Philippines, they did not believe that in another year they would no longer have access to Binance. And make no mistake, I'm not saying that Shiba Inu will definitely reach $1 or anything like that, but I am saying stop asserting facts based on checking the total supply and the market cap for the simple reason that it's impossible to state a fact based on variable data, and these are variable data.
Recently, there have been numerous posts all over the internet about the crypto currency Shiba Inu potentially rising to $1, or $0.1, or $0.001, or not increasing in value at all. So, let's put an end to this saying that it's impossible would be somewhat ignorant of history. For instance, in 2011, when people said that Bitcoin, which was then worth $2, would be worth $10k, they were laughed at and told it was impossible, with logical reasons and data provided to support why it was unreasonable. And we all know how much Bitcoin is worth today...
To say that it is possible for it to reach $1? Sounds like a pipe dream and something very impossible considering the total supply of the coin and the rate at which the coins are being burned. It might be possible in a number of years too great for us to see it happen.
Despite everything, it is uncertain what will happen for sure because it's impossible to know what new technologies will emerge and what they will enable, what the project managers will decide to do, how they will act, what will happen in the market, or what the small and big investors will hold or sell. So, analysis and speculation are possible, but it's not possible to say impossible
Every one who holding shib!!! In highly recommend to read the posts of that dude @GREY-HAT I pinned down below So go and read his posts because in think after reading all the opinions about Shiba that it’s the most reasonable analysis about shib 🫡✅
LIVE
GREY-HAT
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$SHIB guys after the reversed wayoming is phase 3 is done...we need to expect phase 4 as I said before whales plan is to burn as much shib wallets as they can. read back my posts u will understand
What is affecting Shiba Inu price movements? By knowledge I collected from around the web and with help from ai tools this is what I got :
The price of Shiba Inu, like other cryptocurrencies, can be influenced by a wide range of factors, some of which include:
1. Market Sentiment: Positive or negative news stories can rapidly increase or decrease interest in Shiba Inu.
2. Adoption and Utility: The more places and ways Shiba Inu can be used for transactions or in decentralized applications (dApps), the more demand there could be for it.
3. Community Support: A strong, active community can help drive the popularity and demand for Shiba Inu.
4. Cryptocurrency Market Trends: General trends in the crypto market can affect individual coins and tokens like Shiba Inu.
5. Technological Developments: Advancements or updates in Shiba Inu’s underlying technology or ecosystem can impact its price.
6. Regulatory Changes: Legal and regulatory developments in major markets can positively or negatively affect crypto markets.
7. Investor Behavior: Large buy or sell orders by whales (investors holding significant amounts of a cryptocurrency) can move the market.
8. Supply and Burn Mechanisms: Changes to the total supply, such as token burns, can affect scarcity, suggesting a higher value per token.
9. Social Media Influence: Endorsements or critiques by influential figures can sway investor decisions and market dynamics.
10. Economic Factors: Broader economic conditions, including inflation rates, can make cryptocurrencies more or less attractive as investments.
So what do you think is more relevant to Shiba Inu ? For me it’s number 7