đš Shiba Inu: Can it really reach $0.01? #Shibalnu#SHIBburn $SHIB
Shiba Inu ($SHIB) is currently ranked#12in the cryptocurrency market, with a market cap of around $20 billion and a circulating supply of 589.26 trillion tokens. Although the token burning mechanism has been a hot topic, many investors are attracted to SHIB with the dream that it could one day reach $0.01 or even $1. But let's do the math.
At the current price of $0.00003256, even if 1 billion tokens are burned daily:
Time to burn a significant supply:
Burning 1 billion tokens per day is equivalent to 365 billion tokens per year.
At this rate, it would take 1,613 years to burn the entire supply down to 1 trillion tokens. Will you wait?đ€Ł
Market Cap Reality:
To reach $0.01, SHIB's market cap at current supply would be an astronomical $5.89 trillionâlarger than the combined market caps of#Bitcoin,#Ethereum, and most global companies!
To make this feasible, a massive reduction in the token supply through burns would be required, but at the current burn rate, this is a very long-term play.
đĄ Key Takeaway:
Burn mechanisms are promising but do not guarantee quick results. Reaching even $0.01 would require either massive token burns at a faster pace or unprecedented global adoption and investmentâa speculative and risky bet.
đŽ Reminder: Cryptocurrencies are highly volatile, and investing involves significant risks. Always do thorough research, understand market dynamics, and never invest more than you can afford to lose. đ
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