Shiba Inu Coin (SHIBA): Next Stop $0.01? How To Get


Shiba Inu Coin (SHIBA) Next Stop $0.01 How To Get
Shiba Inu Coin (SHIBA) Next Stop $0.01 How To Get


What a Shiba Inu Token Burn One Reddit Post Can Do For a Cryptocurrency

One of the reasons that we are beginning to see more and more value being added to SHIBA tokens is the fact that they are being burnt regularly. This token burn is a similar process to mining cryptocurrencies like Bitcoin, Ether, and others; however, the main difference lies in the fact that rather than having miners who get large rewards for processing transactions on the blockchain, Shiba Inu coin burns tokens to create value for its investors. Now, for those on the inside, you may know about these “token burnings” already. However, I thought we would take a moment and explain what burning means for those who aren't familiar.

As of today, the cryptocurrency (SHIB) opened the $0.0091 mark as in an upward trend, with a short-term bullish trendline backing its belly. The coin is trading currently at $0.007426 USD with a market cap of $138,632,284 and with a 24-hour volume at nearly $10,455. With a circulating supply of 112,000,000 SHIBA and a total supply of 139,999,520 SHIB, which is currently outstanding and 76% held by the community.

Shiba Inu, the cryptocurrency that went through an abrupt rise and fall, is now in a search of a new identity. The coin was created in August 2020 to become the ‘Dogecoin killer’. However, it couldn't reach anywhere near Digibyte (DGB). It had been placed on the list of scam coins by several crypto enthusiasts and traders. But things changed abruptly after Dogecoin got hit hard by its legal woes. As an outcome, Shiba Inu became the shining star of the moment and offers a significant edge over Dogecoin. But with every glitter there is always some dark spot; the same goes for Shibinne (SHIBA).


The Burning Workout


Shibburn is a service that allows Shiba token holders to burn their tokens. To limit the supply, burns are computed on the platform using three special addresses, two dead wallets with no available keys, and tokens delivered to the Genesis address. Coins worth $467,903,362 have been burned in the last 24 hours.

Unfortunately, Shibburn said in a Tweet that burning isn't the only thing that might influence Shiba's pricing. SHIB needs to accomplish more to attain the desired US$0.01 level. They feel that by doing more for the SHIB community, such as holding and staking, the cryptocurrency will continue to rise.


SHIB Fellows – Other Factors Contributing to SHIB’s Growth

  • As previously said, fire is not the only factor that influences the price of Shiba Inus. We have a slew of more suggestions that might assist SHIB's value rise. Despite the fact that Shiba Inu's trading volume has reduced, investors remain optimistic about the Dogecoin killer. Despite the sluggishness of the crypto market, they have no plans to depart.
  • The Shiba Inu will have its own exchange dubbed 'ShibaSwap.' The platform will function as a decentralized means to purchase and sell bitcoin, similar to many existing crypto exchanges.
  • To stay in the race, Shiba Inu should aim to keep the buzz going for as long as possible. The Shib Army is currently massive, and its supporters are prepared to go to any length for the coin. As a result, SHIB should recognize and pay them for their work.
  • Shiba Inu's price will rise as a result of its inclusion on big platforms like Robinhood. After a popular Change.org petition asking that Robinhood integrate Shiba Inus into the platform, SHIB achieved a new high.

Will The Value of a Will Shiba Inu Ever Reach $0.01?

Will Shiba Inu Really Reach US$0.01 in 2022? The idea of Shiba Inu is great. Just like Bitcoin and other cryptocurrencies, it is decentralized and can be exchanged for real cash making transactions secure. With the current market capitalization of $1 billion, Shibes are hoping that their crypto will reach USD1 as well. 

However, that doesn't seem to be possible because, with a total supply of 549 Billion tokens, each token is worth merely 2 cents. Will Shibes really see such a drop in value? Now let's compare Shiba to another crypto named Doge (Dogecoin).

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