$SHIB's surge in the past few days has attracted countless eyes, especially foreign friends, who have been enthusiastic about this token!
So, under what circumstances will this token soar again?
Back then, many people had high hopes for it and dreamed that it could reach a high of $1. But to be honest, looking at the current market value, this dream is really a bit difficult to achieve. If it really reaches $1, its market value will exceed $590 trillion, which is more than the economic output of all countries in the world combined. It's simply a fantasy!
However, let's not be discouraged. There are two key points to pay attention to:
Token reduction method
The development team of Shibalnu has made up their minds and started the token destruction mechanism to reduce the circulation in the market. Although it is still a long way from the $1 mark and the supply has to be reduced a lot, it is at least a hope!
Practicality and demand
If ShibaInu wants to continue to be popular, it must create some tangible practicality in the crypto field and develop some applications. Although there have been progress such as Shibaswap, it is still a bit behind those mature blockchains. However, as long as we see it has made breakthroughs in practicality and demand, the time for a surge is not far away!
So, my friends, keep your eyes open and keep an eye on these two key points. Maybe one day, $SHIB will surprise us again!
