Shiba Inu to $1 historical mark 馃殌馃殌 馃敟馃敟
Why possible?
The biggest Challenge for Shib is its Supply at over 589 Trillion Coins.
Huge supply calls for huge demand for prices to go up.
Shiba Inu at a $1 price Mark would mean over $589 Trillion Market Cap. Bigger than world GDP and that of Gold and Real estate Combined.
Let's dive into compelling reasons why the $1 price mark is not completely out of sight.
1. Demand and Supply;
Shiba Inu has a team of visionary leaders behind it that are consistently transforming Shib from a meme status to a mainstream fully fledged DeFi project which in turn will create huge demand for Shib at the same time reducing its supply drastically.
Here is the progress to date;
馃憠Development of Shibarium layer 2 blockchain for lower fees, faster transactions and increased Shib burns. Remember Shiba Inu is an ERC20 token that was built on Etherium Blockchain which has high gas fees and low Transaction throughput per second.
The Shibarium shall as well allow development of Decentralized Applications (DAPS) on the Network.
馃憠Migration of Shiba swap to Shibarium, a Decentralized Exchange on the network.
馃憠Shiba Metaverse; we all know web 3.0 is the future of the Internet.
馃憠 Shiba Inu incubator platform for creation, auction and trading of digital artwork.
馃憠 Crypto Games for the gamers like the Shib Eternity game
馃憠Charity Component like they did for India COVID relief Fund.
All the above developments shall result into unprecedented activity on the Shibarium Blockchain network which will create huge demand for Shib as the main Currency for transactions and at the same time increase Shib burns as a certain percentage of the fees on the network in form of Shib Tokens shall be burned permanently. The higher the transactions Volumes the Higher the Shib Burns.
2. a very Strong and Active ecosystem called the Shib army.
3. More Shib Burns by Whales!?; Remember Shib is mostly held by whales which is disadvantageous in case they decide to dump and advantageous if they decide to burn in order to boost their remaining holdings Value. It's better to own small but more valuable than big but less valuable.
Remember Shib initially had a quadrillion Supply before Vitalik Buterin sent 410 Trillion to a dead wallet and completely burned them. This huge milestone happened only within four years of Shiba Inu's Launch.
The developers and all the holders know that the major limiting factor for Shib to achieve higher price levels is the Supply.
The entire Crypto Industry market Cap is projected to explode almost 100x folds to $200 Trillion by 2030. Could Shib market cap potentially be in $Trillions by year 2030?!
Not Financial Advice always DYOR
Peace Love and Harmony!
