Can SHIB remove zeros from its price by the end of 2024?
Shiba Inu has recently surged in price, but whether it can continue to rebound depends on market conditions and the growth of SHIB burning.
Now, 55% of SHIB holders have made profits, which is indeed a positive sign.
Shiba Inu has been very popular this week, with its price rising by 35%, and its market value directly reaching more than $11.5 billion, becoming the 14th largest cryptocurrency, although it still ranks second behind Dogecoin.
We curiously asked ChatGPT if this rebound can continue?
Can the meme coin remove all zeros from its price before the new year? ChatGPT said that it depends on the situation, favorable market sentiment, the popularity and usability of Shibarium, and the amount of SHIB burned.
Shibarium, a second-layer expansion solution, has been very popular recently and has processed many transactions. Moreover, after it went online, it has been working hard to improve the scalability, speed and transaction costs of the Shiba Inu ecosystem.
Speaking of SHIB's burning mechanism, it is getting more and more fierce. I heard that on September 27, the burning rate soared more than 30,000 times, and more than 1.8 billion tokens were burned. As a result, there are fewer SHIBs on the market, and if the demand is stable, it is not impossible for the price to rise.
However, if you want to remove zero from the price of SHIB, the market value must reach 115 billion US dollars. Now, only Bitcoin, Ethereum and Tether have a higher market value than this.
The good news is that SHIB holders are now better off, and 55% of them have started to make money. Think about it in September, 90% of people were still losing money. SHIB has a very stable community, many people joined a year ago, and there are not many new members.
In general, Shiba Inu is in good momentum now, but the future depends on whether the market will give it face. #美国二季度核心PCE符合预期 #美联储11月降息预期升温 I have currently locked onto a potential dark horse coin that is about to soar, doubling is just an easy jump! The bigger goal is to carefully select a batch of potential coins that are expected to explode before the end of the year. I will announce the specific big moves later. Click on the avatar to follow me and share directly!
