$SHIB has skyrocketed a few days ago and many people are paying attention to it.
In fact, this coin has always attracted a lot of attention, especially from foreigners.
So under what circumstances will this token continue to soar? ?
I remember that many people expected it to be $1 in the past.
Of course, with the current market value, it is difficult.
If it reaches one dollar, it means that its market value must exceed 590 trillion US dollars, which exceeds the total economic output of all countries in the world. Obviously, it is impossible! !
1. Token reduction strategy
· Destruction mechanism: Although Shibalnu developers have started the token destruction mechanism to reduce the circulation, it will take a long time and a large amount of supply reduction to reach the $1 mark.
2. Utility and demand
Practical development: ShibaInu's continued growth depends on tangible practicality and application development in the encryption field. Although there are advances such as Shibaswap, its actual use still lags behind mature blockchains.
When you pay attention to these two, it will also be a time of soaring! !
