Why doesn't #Shiba increase in price?

First of all, I must clarify that I am not a professional Trading nor an expert in Cryptocurrencies; On the contrary, I consider myself an enthusiastic analyst with some financial knowledge. And like the vast majority, I have tried to study and understand the reasons for this phenomenon in the price and value of Shiba Inu.

I am not one of those who believe the predictions of ShatGPT or the Crypto Gurus, who claim that we have to wait until 2035 to see the value of Shiba reach $0.01.

The followers of the Shiba project read positive news every day such as the increase in the burning of tokens, the dizzying traffic record in Shibarium and how the preference rate in acquisition by whales that accumulate large figures in a single instant; but still we see how these achievements dissolve in market prices and the value is diluted without progress to the upward movement that we all expect. That is, Shiba does not acquire a significant value that guarantees predominance as an asset.

That is why I dedicated myself to studying a little and I consider that there are two factors that we must analyze to generate this revaluation:

1.- The Quantity of Tokens: Shiba was born as a "meme" currency in 2020, with an amount of 999,982,386,540,585 maximum total supply. Currently 410,707,821,972,813 have been burned from the initial supply, including Vitalik Buterin's 410 Billion in 2021.

589 Billion remain from the total Supply where 581 Billion represents the Circulating Supply and only 8 Billion are Staked (xSHIB). That is, about 580 billion tokens remain to be burned to revalue based on supply and demand. It's possible?

FOLLOW ME AND DISCOVER THE SECOND FACTOR