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This resistance is so strong and it must be broken to move up🚀 #KAVA #KAVA/USDT #Kavausdt $KAVA

This resistance is so strong and it must be broken to move up🚀

#KAVA #KAVA /USDT #Kavausdt $KAVA

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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$Will Shiba Inu go to $1? First, let's examine its fundamental aspects. - Date: 05-03-2024 - Rank: No.10 - Market Cap: $25.34B - Fully Diluted Market Cap: $25.35B - Market Dominance: 1.01% - Circulation Supply: 589.29T - Total Supply: 589.53T - Max Supply: Not Mentioned - All Time High: $0.000088450814267 (2021-10-28) - All Time Low: $0.000000000081646 (2020-09-01) Here we see $SHIB is max Supply is not mentioned, which is a negative point, but Total Supply: 589.29T and Market Cap: $25.34B. So, per Shiba price: ($25.34B ÷ 589.29T) = $0.0000430008993873. If Shiba were to reach $1, its market cap would need to be $589.29 trillion, which is never possible because we know the total market cap of the crypto market is $2.52 trillion. On the other hand, if the supply of Shiba is reduced from 589.29 trillion Shiba to $25.35 billion Shiba, equal to the current market cap of Shiba, then Shiba would reach $1, but we know this is never possible 😐 However, 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn Shiba. In January 2024, Shiba Inu burned 9.9 billion Shib. So, if 25.35 billion $SHIB is worth $25.35 billion, then each Shiba is worth $1. To achieve this, (589.29T - 25.35B) = 589.26465T Shiba should burn. If Shiba burns 9.9 billion Shiba every month, then (589.26465T ÷ 9.9B) = 59,521 months are needed to burn 589.26465T Shiba. Converting this to years, (59,521 months ÷ 12 months) = 4,960 years are needed to burn 589.26465T Shiba. So it's impossible to reach $1 😪 But you can hold your Shiba to grow your funds 🚀🔥 because the Shiba Inu team is burning their coins aggressively. Thank you, guys 🙏 Follow for more and don't forget to like and comment. #SHIBA_INU #SHIB/𝗨𝗦𝗗𝗧 #SHIBA✅🚀
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