Why is SHIB’s price so low that it takes several zeros to write?
First, some background: In May 2021, Vitalik burned most of his SHIB and donated another portion to India’s COVID relief fund.
The logic behind it: SHIB’s unit price is extremely low mainly because its total supply is enormous. To judge whether SHIB is over- or undervalued, look at its total market cap—not just its unit price.
Back to the charts: $SHIB is at 0.0₅488 (24h +0.62%).
Don’t invest borrowed money; the stress can push you into making poor decisions.
#SHIB
First, some background: In May 2021, Vitalik burned most of his SHIB and donated another portion to India’s COVID relief fund.
The logic behind it: SHIB’s unit price is extremely low mainly because its total supply is enormous. To judge whether SHIB is over- or undervalued, look at its total market cap—not just its unit price.
Back to the charts: $SHIB is at 0.0₅488 (24h +0.62%).
Don’t invest borrowed money; the stress can push you into making poor decisions.
#SHIB