We note that Kava's supply is 1.08B and its market cap is $1.13B. To reach a $2 target, we would need:
(1.08B KAVA Ć $2) = $2.16B market cap.
Since we already have a market cap of $1.13B, we require an additional:
(2.16B - 1.13B) = $1.03B to reach a $2.16B market cap.
Now, let's see the technical analysis:
If it breaks the price and holds above $1.20, then we could see an inflow of moneyš° into #KAVA , potentially reaching around $1.80 - $2.00 or higherš.
Let's what happensš„
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- Date: 05-03-2024 - Rank: No.10 - Market Cap: $25.34B - Fully Diluted Market Cap: $25.35B - Market Dominance: 1.01% - Circulation Supply: 589.29T - Total Supply: 589.53T - Max Supply: Not Mentioned - All Time High: $0.000088450814267 (2021-10-28) - All Time Low: $0.000000000081646 (2020-09-01)
Here we see $SHIB is max Supply is not mentioned, which is a negative point, but Total Supply: 589.29T and Market Cap: $25.34B.
So, per Shiba price: ($25.34B Ć· 589.29T) = $0.0000430008993873.
If Shiba were to reach $1, its market cap would need to be $589.29 trillion, which is never possible because we know the total market cap of the crypto market is $2.52 trillion.
On the other hand, if the supply of Shiba is reduced from 589.29 trillion Shiba to $25.35 billion Shiba, equal to the current market cap of Shiba, then Shiba would reach $1, but we know this is never possible š
However, 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn Shiba.
In January 2024, Shiba Inu burned 9.9 billion Shib.
So, if 25.35 billion $SHIB is worth $25.35 billion, then each Shiba is worth $1.
To achieve this, (589.29T - 25.35B) = 589.26465T Shiba should burn.
If Shiba burns 9.9 billion Shiba every month, then (589.26465T Ć· 9.9B) = 59,521 months are needed to burn 589.26465T Shiba.
Converting this to years, (59,521 months Ć· 12 months) = 4,960 years are needed to burn 589.26465T Shiba.
So it's impossible to reach $1 šŖ
But you can hold your Shiba to grow your funds šš„ because the Shiba Inu team is burning their coins aggressively.
Thank you, guys š Follow for more and don't forget to like and comment.
- Date:04-03-2024 - Rank: 40 - Market Cap: $3.13B - Fully Diluted Market Cap: $3.13B - Market Dominance: 0.1286% - Circulating Supply: 420.69T PEPE - Max Supply: 420.69T PEPE - Total Supply: 420.69T PEPE - All Time High: $0.000007582842628 (2024-03-04) - All Time Low: $0.000000027637826 (2023-04-17)
Here we see Pepe's max Supply: 420.69T and Market Cap: $3.13B.
So, per Pepe price: ($3.13B Ć· 420.69T) = $0.00000744015783593.
If #pepe were to reach $1, its market cap would need to be $420.69 trillion, which is never possible because we know the total market cap of the crypto market is $2.46 trillion.
On the other hand, if the supply of Pepe is reduced from 420.69 trillion Pepe to 3.13 billion Pepe, equal to the current market cap, then Pepe would reach $1, but we know this is never possible š