Why is SHIB’s price so small that you have to count several zeros?
First, some background: SHIB launched in August 2020, created by someone using the pseudonym Ryoshi.
The reasoning behind it: SHIB’s unit price is very low because its total supply is enormous. To judge whether SHIB is highly valued, look at its total market cap—not just its unit price.
Market snapshot: $SHIB reports 0.0₅444 (24h +1.14%).
Size your position according to your risk tolerance, and leave yourself an exit route.
First, some background: SHIB launched in August 2020, created by someone using the pseudonym Ryoshi.
The reasoning behind it: SHIB’s unit price is very low because its total supply is enormous. To judge whether SHIB is highly valued, look at its total market cap—not just its unit price.
Market snapshot: $SHIB reports 0.0₅444 (24h +1.14%).
Size your position according to your risk tolerance, and leave yourself an exit route.