Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?

🔥💥Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?

Shiba Inu is currently trading at $0.000009268 and has been mostly in the red on the charts for a month. #SHIB was launched in August 2020 at a modest price of $ 0.000000000951, and investors were able to accumulate trillions of tokens cheaply. 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 brought the investor $ 1.7 million at the end of 2021.
The dog-themed token continued to be the star of the cryptocurrency market, generating huge profits in 2021 as well.

But the money-making machine was shaken when SHIB entered 2022 and fell into the fall trap. The token has only moved backwards since then with little or no price explosion. Shiba Inu also added an extra zero to the charts, and his hopes of earning $1 million or more came to naught.
Shiba Inu: Can SHIB Still Make You a Millionaire?

The only thing preventing the price of SHIB from rising sustainably is the huge supply of 549 trillion tokens. There is no end to the supply, and it causes the growth of Shiba Inu to stop at gigantic proportions. Even the Shibarium layer-2 solution, which is said to burn trillions of SHIB tokens, has not yet started the 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 hold out for years or even decades to get rid of the current price. If Shibarium does not burn trillions of tokens, the dream of becoming a millionaire from SHIB can be forgotten.

The cryptocurrency market is being affected by global macroeconomic factors and a bull run may not be expected. As a result, it is currently doubtful that Shiba Inu will provide you with a profit of $ 1 million or more, and SHIB does not attract buying pressure or new buyers.
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