Traders and investors, wake up! Shiba Inu Coin ($SHIB ) why is it hard to reach $0.01 or $0.1?
Traders and investors, stop dreaming!
Shiba Inu Coin ($SHIB), why is it difficult to break through the $0.01 or $0.1 barrier in the short term?
We have to be honest—this coin, SHIB, became popular because of internet memes, many people like it and guess its price. But we need to analyze why these high prices are just fantasies and cannot be achieved? Here are 5 reasons why SHIB struggles to reach these lofty prices:
Reason 1: Market cap too large to calculate
The current market cap of $SHIB is around $4 billion, which looks okay, but it is still far from the prices of $0.01 or $0.1.
To reach $0.01, the market cap would need to soar to trillions of dollars, which is higher than the GDP of many countries, how easy is that!
Reason 2: Too many coins, too little money, inflation can't be controlled
The total supply of $SHIB is 1 quadrillion, which is a terrifying number.
Even if some are burned, the quantity is still too high, inflation can’t be controlled at all.
To push $SHIB to $0.01, there would need to be astronomical amounts of money flowing in, the entire crypto market would have to undergo a massive transformation for that to be possible.
Reason 3: No practical use, all based on speculation
To be honest, this coin, $SHIB, is really just a speculation and hype-driven phenomenon.
Unlike those coins with practical uses, $SHIB has no real-world applications.
There’s no intrinsic value, and no new technology, the price just follows trends and emotions.
Reason 4: Competition is too fierce
$SHIB not only has to compete with meme coins like DOGE, but also has to fight for territory against major coins like BTC and ETH.
Those projects have strong ecosystems and many real-world applications, favored by both institutions and retail investors.
$SHIB relying solely on its meme identity, wanting to rise in the long term, is difficult!
Reason 5: Charts say it all, momentum is weak
The price chart of $SHIB looks soft, with several resistance levels blocking the way.
Technical indicators like Relative Strength Index (RSI) show it is overbought and needs to correct.
For $SHIB to break through these barriers and reach high prices, it’s tough!
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