Shiba Inu Coin (SHIB) is popular, and it is said that it can turn small money into big money, and it has attracted countless fans. But if 70 yuan is invested, can it really become 7 million in 2035? Let's explore and see if this moon landing plan is true or false. Cup handle pattern, is it going to rise?

The chart of the most recent month shows that SHIB seems to be forming a cup-and-handle pattern, which is a bullish technical signal. If this pattern is established, SHIB may usher in a wave of big gains. However, market sentiment, timing, and the stability of the pattern are uncertain factors, so it cannot be fully relied upon.

Is it difficult to turn 70 into 7 million?

Let's do some simple math:

  • Current price: $0.00002350

  • Target price: $1

  • It needs to increase by 4,347,826%!

If SHIB can really reach $1, its market value will reach 589 trillion, which is almost the sum of the global GDP (110 trillion) and the gold market (13 trillion). Although it is theoretically possible, it is actually very difficult to achieve this goal.

The key to SHIB's success

  1. Token destruction:

    • The circulation of SHIB is very large, and a large amount of destruction is required to reach the target price. The current destruction speed is not bad, but it needs to be faster.

  2. Global Applications:

    • SHIB needs to move from hype to actual applications, such as payment, DeFi, and cooperation with big brands. Only when it is truly useful can it attract more users.

  3. Regulatory support:

    • A clear legal framework and a friendly regulatory environment are essential for investor confidence. Regulatory support can allow more people to use SHIB with confidence.

  4. Ecosystem construction:

    • The development of the Shibarium ecosystem, including DeFi, games, and the metaverse, is key to SHIB's success. A strong ecosystem can attract more users and developers.

Bitcoin’s Enlightenment

Bitcoin has risen from $0.1 to $90,000, mainly due to its scarcity and widespread adoption by institutions. SHIB also needs to find its own unique path, such as adding value through practical applications and ecosystem construction.

Advice for SHIB holders

  1. Rational investment:

    • Only invest money that you can afford to risk. SHIB has high risks, but also high returns.

    • Diversify your investments and don’t concentrate all your funds on SHIB. You can pair it with stable assets such as Bitcoin and Ethereum.

  2. Long-term perspective:

    • If you really want to pursue the goal of 7 million, you need to have patience for more than 10 years.

    • Keep a close eye on SHIB’s development, destruction rate, adoption rate, and utility.

in conclusion

Although it sounds tempting to turn 70 yuan into 7 million, it is actually very difficult to achieve. The growth of the SHIB community and ecosystem does bring hope to patient and optimistic investors, but investors need to be cautious and treat market fluctuations rationally. What do you think? Can SHIB become the next wealth-making myth, or is it just a dream? Leave a message to tell us!