🚨 Shiba Inu: Can it really reach $0.01? #Shibalnu#SHIBburn
Shiba Inu ($SHIB) is currently ranked 12th in the cryptocurrency market with a market cap of about $20 billion and a circulating token supply of 589.26 trillion. While the token burning mechanism has been a hot topic, many investors are attracted to SHIB, dreaming that it will one day reach $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burned every day:
Time to burn a large supply:
1 billion tokens burned every day is equivalent to 365 billion tokens burned every year.
At this rate, it will take 1,613 years to burn the entire supply to 1 trillion tokens. Will you wait? 🤣
Market Cap Reality:
To reach $0.01, SHIB’s current supply would have an astronomical market cap of $5.89 trillion — larger than the combined market cap of #Bitcoin, #Ethereum, and most global companies!
To achieve this, the token supply needs to be drastically reduced via burns, but at the current rate of burns, this is a very long game.
💡 Key Takeaways:
The burn mechanism is promising, but there is no guarantee of quick results. To reach $0.01, either tokens need to be burned at a massive rate, or unprecedented global adoption and investment will be required — a speculative and risky bet.
🔴Warning: Cryptocurrencies are highly volatile and investing involves significant risk. Be sure to do thorough research, understand market dynamics, and never invest more than you can afford to lose.
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