IN CUTTING POINTS, HE WANTS TO DEVALUE THE CRYPTOCURRENCY, DECREASING THE AMOUNT YOU HAVE AND MAINTAINING YOUR INVESTMENT. WHICH MAKES GROWTH MUCH MORE DIFFICULT.
myrovon
--
🚨 Let’s talk about the idea of removing 3 zeros from Shiba Inu ($SHIB )! 🚨 It’s not what it seems, and here’s why:
When the Shiba Inu CEO talks about removing 3 zeros, they’re not promising a massive price increase for $SHIB . What they’re referring to is redenomination, a process where zeros are removed from the token price, but it doesn’t increase the real value of your holdings.
💡 What does removing zeros mean? If $SHIB is currently worth $0.0000000071, removing 3 zeros would make it $0.0000071. However, the number of tokens you own would also decrease proportionally, leaving the total value of your investment unchanged.
🔍 Example:
If you own 1,000,000 SHIB at $0.0000000071, your investment is $7.10.
After removing 3 zeros, you’d have 1,000 SHIB at $0.0000071—your investment is still $7.10.
📈 Why do this?
1. Visual Appeal: A higher-looking price could attract new investors.
2. Perceived Value: It gives the illusion that SHIB is worth more.
3. Investor Comfort: People might feel more confident investing in tokens with “higher” prices, even if the real value hasn’t changed.
In summary, removing zeros doesn’t increase the market value of SHIB, but it might improve how the token is perceived. Just remember—this is a cosmetic change, not a financial one. Let’s stay informed and make smart moves, together! 💡
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.