Owen_Suwetha
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To potentially reach $0.0001 per SHIB without increasing the market cap, around 549 trillion tokens would need to be burned.
$SHIB
If that were to happen I would receive $10,000!. How much would you ?
$SHIB
If that were to happen I would receive $10,000!. How much would you ?
Whether Shiba Inu (SHIB) can reach $0.0001 depends on a few factors:
1. Market Sentiment: SHIB’s price is heavily influenced by investor interest and market sentiment, which are often driven by news, social media, and hype. Like other meme coins, SHIB’s value can fluctuate greatly based on public perception.
2. Supply and Demand: SHIB has a large circulating supply (close to 590 trillion tokens), so reaching a price of $0.0001 would require a massive increase in demand. To put this into perspective, at $0.0001, SHIB’s total market cap would be around $59 billion, which is significant but not impossible, especially in a strong bull market.
3. Token Burns: To increase scarcity, the SHIB community has advocated for token burns. If SHIB burns continue or accelerate, it could help reduce the supply over time, potentially making it easier for the token to reach higher price levels.
4. Wider Adoption: SHIB’s integration into real-world applications, partnerships, and the growth of the Shiba ecosystem (like ShibaSwap, Shibarium, or other decentralized finance uses) could positively impact its value.
Reaching $0.0001 would require a combination of these factors, particularly significant demand and/or successful, large-scale token burns. While it’s challenging, the cryptocurrency market has shown that dramatic price increases can happen under the right conditions. However, it’s also important to consider the volatility and risk involved with meme coins like SHIB.
1. Market Sentiment: SHIB’s price is heavily influenced by investor interest and market sentiment, which are often driven by news, social media, and hype. Like other meme coins, SHIB’s value can fluctuate greatly based on public perception.
2. Supply and Demand: SHIB has a large circulating supply (close to 590 trillion tokens), so reaching a price of $0.0001 would require a massive increase in demand. To put this into perspective, at $0.0001, SHIB’s total market cap would be around $59 billion, which is significant but not impossible, especially in a strong bull market.
3. Token Burns: To increase scarcity, the SHIB community has advocated for token burns. If SHIB burns continue or accelerate, it could help reduce the supply over time, potentially making it easier for the token to reach higher price levels.
4. Wider Adoption: SHIB’s integration into real-world applications, partnerships, and the growth of the Shiba ecosystem (like ShibaSwap, Shibarium, or other decentralized finance uses) could positively impact its value.
Reaching $0.0001 would require a combination of these factors, particularly significant demand and/or successful, large-scale token burns. While it’s challenging, the cryptocurrency market has shown that dramatic price increases can happen under the right conditions. However, it’s also important to consider the volatility and risk involved with meme coins like SHIB.
$SHIB
Invested $324 yesterday
Almost $341 - $17 Decent Profit
I mean i have 11,621,111 Tokens
Hold or Sell ?
Invested $324 yesterday
Almost $341 - $17 Decent Profit
I mean i have 11,621,111 Tokens
Hold or Sell ?
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