Will Shiba Inu reach 1 cent is a question that is searched by many. Some crypto investors argue that this is highly possible. Some put foward that it is imposible at least in terms of financial perspective. Here a list of counter arguments for the issue.
Shiba Inu coin is created in August 2020. It is a meme coin means it is created for fun. It is also called Dogecoin killer. One of the most searched meme tokens in 2021. If any, then is the Shiba Inu coin. One of the fastest-growing meme tokens, if any, then it is the Shiba Inu coin. So you can understand how much popularity the Shiba Inu coin has gained so far.
Will Shiba Inu reach 1 cent, Pessimistics
Shiba Inu (SHIB) will never reach $0.10 or 10 cents because it is financially illogical. For example, At a 1 cent valuation, the total market cap of SHIB will be $54.9 Trillion. This equals:
- 2.5 times of US GDP.
- It is 54 times more than Bitcoin.
- The Value is 27 times more than Apple (AAPL).
- 55 times more than Tesla (TSLA) market cap.
However, SHIB is an ERC20 token-based cryptocurrency. It means the Shiba Inu (SHIB) coin does not have any independent mining network.
Will Shiba Inu reach 1 cent, Optimistics
The argument of ill Shiba Inu reach 1 cent is backed on following reasons:
1)The Shiba owners are actually building a creative idea for the product. It supports their coin. The Shibaswap looks promising and legit
2) They only coin which has spent nearly zero money on marketing. The reason for this which the popularity of Shiba Inu increased day by day. It is this that the world’s richest person Elon Musk. He started doing a lot of tweets about the Shiba Inu. He has been seen doing a lot of tweets in the past. Due to excitement in the community, people buy Shiba Inu coins. We also got to see a spike in prices after his tweets.
3) Shibaswap will let us stake Shiba coin for Bone, Tbone, Xbone. They’ve said if it gets too big they will keep the coins vaulted. So the value stays high. Hardly anyone else said such a thing about their coin
4) After Vitalik Buterin controversy, a lot of burns have been done in the token. Because the number of tokens of Shiba Inu that has been created was one Quadrillion. That means, the number of tokens of Shiba Inu coin is very high. The road map for huge burning process is launched for 2022.
5) Ethereum network has high gas fee. So, there is a big development in the Shiba Inu in 2022. Shiba Inu can move on their blockchain named Shibarium.
6) Being accepted by many platforms is a value. Being a place to buy other cryptos is a godsend. Crypto.com, Binance and Coinbase are available.
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