Shiba Inu☠️💔: Chasing the Hype, But Can It Deliver?
1. Understanding Current Metrics Market Cap (MC): $14.16 billion Formula: Substituting: Price Per Token (P): $0.000023 Total Supply (S): 589.51 trillion tokens Market Dominance: 0.4552% (of total crypto market cap). --- 2. What Would Happen at $1 per Token? If SHIB's price were to increase to $1 per token, the market cap would be: MC = Price \times Supply = 1 \times 589.51 \, \text{trillion} = 589.51 \, \text{trillion dollars}. This is an unrealistic market cap, as it would exceed the total mar
Nature of Crypto Tokens 🪄 Crypto tokens are digital assets built on blockchain technology. They represent a variety of assets or utilities and serve specific purposes within a blockchain ecosystem. Here's a breakdown of their nature: 1. Utility Tokens: These provide access to specific services or products within a blockchain ecosystem (e.g., $ETH Ethereum's ERC-20 tokens). 2. Security Tokens: Represent ownership in an asset, often regulated as securities (e.g., tokenized stocks or real estate).
$SHIB It is highly unlikely that Shiba Inu (SHIB) will reach a price of $0.000030 by 2025. Here’s an analysis of why: 1. Market Capitalization Concerns For Shiba Inu to reach $0.000030 per token, given its current circulating supply (which is over 589 trillion tokens), the market capitalization of SHIB would have to exceed $589 trillion. To put that in perspective, the total global wealth as of 2023 was estimated to be around $500-600 trillion, and the entire cryptocurrency market capitalizatio
Learn before you dive in it .... Follow , comment and like 💞 1. What is cryptocurrency? Cryptocurrency is a digital or virtual currency based on blockchain technology. It operates without a government or central authority and uses cryptography to secure transactions. 2. How does it work? 2.1. Blockchain: