#ShibaInus
Shiba Inu is a coin with a market capitalization that is among the top coins, but it is really difficult to increase the price to 0.01USD. Why?
- The total supply of Shiba Inu is too much, up to hundreds of thousands of Trillion. If the price of 1 Shiba Inu is 0.01 USD, then try comparing the value of SHIBA Inu at that time with the world's total assets.
- However: Although Shiba Inu is promoting burning to create scarcity, with 589.29T Shiba Inu in circulation (in wallets), is it possible to burn below this current circulation number? To create scarcity?
- In order for Shiba Inu price to increase to 0.01USD, in my opinion, Shiba Inu must decrease by up to 99% of the maximum total supply (If I remember correctly, it is over 950T), equivalent to the remaining amount of approximately 1T, then it can be possible. Feasibility.
What do you think?