Amazon to accept Shiba Inu coin | how Shib will hit $0.01 - The Comprehensive Minds

Amazon to accept Shiba Inu coin | how shib will hit $0.01

Shiba Inu coin

The Crypto Market is recovering and Everyone is so bullish toward Shiba Inu. Many of you must be holding millions of Shib tokens and waiting for the moment when Shiba Inu reaches 1 cent. But, will this big move by e-commerce giant Amazon can boost Shiba Inu's price? This question will be answered today, and along with Amazon's involvement, we will also discuss many other positive catalysts that can help shib to hit $0.01 in near future.  

Quickly discussing the current price, Today, 1 Shiba Inu coin is worth ​​0.0000082 USD with a 24-hour trading volume of approx 330,000,000 USD. SHIBA INU is green with a hike of 1% in the last 24 hours. Before moving further, let me quickly explain about Shiba Inu environment to the newcomers. 

The new trending meme coin Shiba Inu Coin dubbed as "DOGE killer," was modeled after Dogecoin, and due to its low token's price it allows users to "hold billions or even trillions of coins." ShibaSwap, SHIBA INU's decentralized exchange, is also live and giving bonuses to holders for staking their tokens. 


Also Read:  Will SHIBA INU Coin Ever Reach One Cent? 

In Shiba Inu‘s woof paper or white paper, the developers of Shiba describe it as a potential “Dogecoin killer” because it can "surpass the value of Dogecoin, exponentially, without ever crossing the mark of $0.01." Currently, Shiba Inu coins are worth even less than that. Shiba Inu Coin also called a Shiba Token, is described as a "joke" by some people. 

That might not seem good, and the reality is that if it is a joke or not, it has the potential to grow exponentially in value, especially if investors trust and continue to invest more money into it hoping for a big return. The choice made by Shiba Inu developers to eliminate a portion of the token's inventory from circulation with an end goal to re-establish some enthusiasm for this crypto had some constructive outcomes on Shiba Inu that was the point in which sentiment changed for meme coins. 

This automatic burn will surely act as a positive catalyst to the price hike of Shiba Inu as it is helping to reduce shib token supply. Jeff Bezos, one of the world's richest businessmen and founder of Amazon is believed to have put resources into digital money on various events. however, has stayed quiet when it comes to cryptocurrency. 

According to some rumors, Amazon is considering accepting Shiba Inu as legal payment in 2022. Jeff Bezos has potentially led amazon to accept digital currencies as lawful payment and enterprise insiders declared the online business giant would begin taking on the new type of exchange as early as 2022. 

The Crypto market responded so quickly after the leaked reports that claimed that Amazon is thinking about accepting Bitcoin and other mainstream cryptocurrencies as payment methods. the crypto market surged after leaked. 

However, according to industry insider claims, Amazon is not watching for bitcoin but has plans to adopt Shiba Inu as a form of legal transaction at the checkout. Amazon is majorly examining Shiba Inu, Matic, Hawk, and amp cryptocurrencies as payment methods. Out of these four, only two coins will be finalized for transactions on Amazon.

Amazon to accept Shiba Inu coin

Coming next, there is another big petition running on change.org to accept Shiba Inu as a payment method on Amazon. Shiba army began this addressing jeff Bezos to acknowledge Shiba as a payment method. Pertaining to that it has the potential to lead technological innovation and benefit millions globally. 

A petition was published nearly a month ago. This petition has collected signatures from more than 34 000 supporters on change.org and has become one of the top petitions on the site in any case. This petition request Amazon to change the conventional payment by accepting Shiba Inu. 

Requestor added,: The cryptocurrency known as Shiba Inu has sewn the seeds of permanence within the world of Blockchains. Shiba Inu has a strong and thriving community that continues to grow daily with over 420,000 holders at the time this petition has been created. With all the media attention, social media presence, and a strong base of long-term Shiba Inu owners, Shiba Inu cryptocurrency is obviously here to stay. 

The proposal is quite simple. We of the Shiba Inu Community would like Amazon to seriously consider accepting Shiba Inu cryptocurrency as a form of payment for goods and services. Amazon has changed the world many times since it was created. We humbly request that Amazon once again do so by accepting Shiba Inu.  https://www.change.org/p/amazon-please-accept-shiba-inu-cryptocurrency-as-payment-for-amazon-products-and-services

crypto market

Many stock and crypto analysts uncovered that Amazon is going to consider Shiba Inu and other coins as a type of payment in 2022. the official tweet quoted amazon denies plans to accept Bitcoin. These gies support our prediction, which says Amazon is currently investigating several projects with plans to accept crypto payments from at least two cryptos in 2022. 

If you are not new, you must have heard about the rumor that Amazon and Jeff Bezos are real owners of Shiba Inu which could be another supporting statement for this. What do you think about this move from Amazon?. What do you think the price of Shib will hit after this news goes official?. 

The next Major Question that hits everyone's mind is. Will Shiba Inu hit 1 cent?. Since January, the coin has jumped about 2 million every month, so it could – only in theory – hit $1 by the end of 2021 only if it continues on its initial growth trajectory, which was predicted by Market Realist. 

But we all know this is impossible after the recent crypto crash. So, It is quite impossible for shib to hit the 1 cent mark due to its massive token supply of 4 quadrillion dollars. As we know, half of the supply was burnt by creator Riyoshi, But still, hitting the 1 cent mark is very unlikely. So, will shib never hit 1 cent?. 


Also Read: HOW MANY SHIBA TOKENS DO YOU NEED TO BE A MILLIONAIRE?

We all know, for Shiba Inu to hit 1 cent, a massive burn of coins in supply is a must. Shiba Inu can never hit the 1 cent or 1 dollar mark with no coin burn. It is because of the huge number of token supply. The Shiba Inu coin rose by a staggering 30 percent in value over the month. 

The massive spike came after the coin’s mysterious developers announced a coin burn, which means tokens are taken out of circulation, permanently. This jacked up the price of Shiba Inu or shib as it is known on the cryptocurrency exchange because there will be less supply and more demand for the coin. 

In conclusion, if massive coin burn happens, which is the next plan of the Shiba Inu developer community, and along with few major catalysts like Amazon acknowledgment and major exchange listings, it is possible for shib to hit 1 cent mark.

2 comments:

  1. BTC is king but it’s not ever going to be used for daily transactions without the use of a coin like Amp. BTC will hit $1,000,000

    ReplyDelete

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