Will SHIBA INU Coin Ever Reach One Cent? (Math Explained) - The Comprehensive Minds

 Will SHIBA INU Coin Ever Reach One Cent? 

shiba inu coin

Shiba Inu Token has created a storm on the internet and is performing well in the crypto field. Many investors believed it would be the next Doge. Will it happen? Will Shiba ever hit $0.01? If so, when will it hit $0.01?  

If you are a Shiba Inu Token holder or planning to buy it then I'm sure you guys might be curious to know when Shiba Inu will hit one cent. Today we will have a look at some of the scenarios which could be the reasons for SHIB to hit $0.10. 

SHIB is a spontaneous, decentralized community-building experiment. SHIB token is the first token to hold billions or possibly trillions of users in the network. This ERC-20 ONLY token is known as the DOGECOIN KILLER and can remain under a penny in a little space and still over dogecoin. 

Shiba token ($Shib), the world's first cryptocurrency token to be published and encouraged on ShibaSwap, has already risen to thousands of percent. 50% of Uniswap's total supply was locked and the keys were thrown away. The rest of the 50 percent was burned to Vitalik Buterin, everyone has to acquire on the open market to ensure that developers don't have team tokens and they may dispense with the community in a fair and comprehensive distribution. 

It also released two more tokens besides the SHIB token: BONE and LEASH. 

LEASH was set initially as a token rebound linked to Dogecoin's price. It was fully released and will not be replenished. The circulation is only 100,000 tokens, with the opposite of Shib, which has a bigger supply and gives those that provide liquidity particular prizes. 

BONE: The next token to launch is Shiba Inu Bone. BONE will be announced when ShibaSwap is announced as the distribution of token, economic model, and incentive measures. SHIB's invention will complete an entirely decentralized effort to distribute tokens based on procedures like proof of stake(PoS). The majority of blockchain initiatives were based in the early days on the Proof of Work (PoW) technique. Everybody can mine just like Bitcoin. 

This type of token distribution is entirely decentralized, but once the Proof of Stake mechanism emerged, there was some degree of centralization in the distribution of tokens of blockchain projects. Tokens are often saved for the team and the foundation for projects based on techniques like PoS. 

The team tokens are used mostly for team development and the foundation tokens are used mainly for ecological construction. Both are almost the same in practice and the centralization drawbacks are very significant. The Shiba Inu community needs everyone to purchase on the open market so that developers are not allowed to dump their team tokens in the community and so guarantee equity and complete decentralization. 

Now let's do a little bit of maths and some hypothetical calculation about how Shiba Inu Token can reach one cent. Shiba Inu's current price as of this writing is $0.000008223 with a market cap of around 3.3 billion with 349 trillion SHIB tokens in circulation out of one quadrillion tokens. When the market cap would be 39 billion dollars then the price will be around 0.0001 and to reach 0.001 it requires a market cap of 349 billion dollars which is currently the market cap of Ethereum. 


Also Read: TESLA To Accept Shiba Inu Coin and Why SHIB will hit $0.01 | eToro update

So if we see the present situation with this without reducing the total quantity of the Shiba Inu coin the token coin needs to grow by 1400 times the current market cap that is the value of the market cap must roughly increase to four trillion to reach the 1 cent the mark. Bitcoin's current market is 673 billion, therefore the current Bitcoin is more than six times as high and currently, the entire crypto market is at 1.7 trillion dollars that means we have to double the entire crypto market to make it up to the mark. 

The total US stock market capitalization is $49 trillion at present. The overall market value of all public enterprises in the US listed in the New York, Nasdaq Stock Markets, or U.S. OTCQX is the general market cap. So, the single coin market cap should be 20% less that is around 39 trillion dollars for the price to reach ten cents, and the shocking to reach the $1 milestone requires 349 trillion dollars which is surprisingly the combined value of the stock and bond market of the entire globe. 

It is the market limits and total supply that we have a Shiba Inu which gives us the current market cap prices divided by total supply. So the situation presently is as follows: Shiba Inu price equals market cap divided by the entire supply. So, to increase the price we have to either increase the market cap or decrease the total supply. 

The second scenario is burning the coin. By the way, in this Shiba Inu, no such things are written by far that they will burn the coin. In a way, they might never but depend on the market trend and strategy adjustments. 

Suppose they are on the same market limit as the current price, so even if they burn around 99 percent of their current supply, the total price will rise only to one-third of one cent. They'll have something about transition going on when Shiba Inu starts their shibaswap and the coin's ready to burn. 

So, they need to get some notion, how the coin can be burned. And Shibaswap is the best thing because can burn the coin while you conduct the transaction and get the advantage that nobody truly will lose. But in the decentralized zone, the transaction or everything that transpired can be burnt so that the Shiba Inu can easily do this too. 

If the shibaswap and Shiba Inu team decide to burn 66,66% of Shiba Inu token coin, the new supply will consist of around 131 trillion token coins. When we see that the dogecoin's current market cap, if hypothetically market cap besides four times as high as the dogecoin if the Shiba Inu team and the shibaswap decide to burn the coin and if it is truly popular on the market, we regularly expect that the market cap will be increased. 

In a sense perhaps it's a possibility, maybe it's not a big question! This is therefore like a balance of over half the currency burning and, at the same time, the market cap increases because that leads to the price increase as the overall supply decreases. 

Thirdly, the crypto market would reach at least $15T if it reached 1 cent. Because Shiba Inu is worth $3.9 trillion if you don't burn coins at 1 cent. When we look at the cryptocurrency chart, it has taken around two to three years and a cryptocurrency pandemic has taken between US$150B and US$2 billion. Now it must be between 1.5 and 15 trillion. 

If we don't have another global catastrophe, we guess it may take another 3-5 years. So it is unlikely Shiba will get there in the next year or two due to the sheer size of a 1 cent market cap. PRICE ANALYSIS Before the brief sweep of 11 June under 19 May, Shiba Inu prices were trapped in a dismal downward channel, effectively clearing the weak holders and the sacks of anxiety. 

The first rebellion was boosted by news in the Coinbase Pro, such that two decisive levels of resistance, expressed in the four-hour chart, stopped the surge. Now, SHIB tries to discern if the rip was a new start or a one-hit-wonder. 

From 11 June to 15 June Shiba Inu successfully tested $ 0.00,000,07 for its low May 19, broke a decreased channel, overcame a significant $0.00,000,770 resistance, briefly overcame the apex of a $0.00,888 multi-week symmetric triangle, and tagged $0,00,000,978 with a 200-4-hour SMA. 

In addition, almost 80% of SHIB's advance was shaken by the preceding bearish price structure's skepticism. To begin with, Shiba Inu prices need a nearly above $0.00000770 and a four-hour SMA 200 intersection of $0.00000883 and a $0.00000888 symmetrical apex triangle. 

If successful, SHIB will be ready for $0.00001048 on 2 June, an advantage of 18% from the crossing. Additional Shiba Inu resistance includes the high of May 20, at $0.00001214, which is an increase of 36 percent from the above intersection. 


Also Read: Shiba Inu coin announced plan to burn until it reaches $0.01

The number of daily active addresses is an improved onchain metric for SHIB (DAA). Daily active addresses display the daily number of single SHIB addresses. The statistic also displays the daily involvement or speculation of the crowd with the digital asset. Increased readings show investment interest, whereas lower readings show the reverse. 

The coin has increased 9% of its value within the last 24 hours. The price of Shiba Inu has recently tried to overcome the resistance of roughly $0.000010 but has not been able to build up enough momentum. If Shiba Inu can cross the $0.000010 barrier, the next level will be $0.000012. The next level of resistance of $0.0000,135 is challenged if the price increases on this level. 

SHIB investors were primed after the introduction of the list of altcoins for trade as one of the leading cryptocurrency exchanges. The immediate exuberance has faded rapidly, though, and it is now difficult for Shiba Inu to have a critical average moving within a day. 

The weight of an unstable crypto-currency market is demonstrated. More importantly, it depicts the struggles of an experimental cryptocurrency that attempts to make the turn higher after a major decline and discouraging decrease.

3 comments:

  1. Thanks for sharing such a helpful post.! This is a very informative & great Post. I got too much information about the Latest Crypto News & updates from this post. Keep Posting!

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  2. semoga benar harga shib menjadi naik 😊

    ReplyDelete
  3. Great Post! This is a very informative & Useful Post. I got too much information about the Top real-time cryptocurrency news & updates from this post. Thanks for sharing such a helpful post. Keep Posting!

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