CRYPTO WATCH
Shiba Inu (SHIB) & the $1 Dream
SHIB
has
589 trillion
tokens in circulation with a market cap of
$6 billion
If
SHIB
surged to
$1/token,
its implied valuation would
exceed global GDP
Hence,
drastic reductions
in supply are necessary for
SHIB
to reach
$1/token
A
burning mechanism
built into the project is necessary for
SHIB
to attain
$1 dream
Without which
SHIB
is
extremely unlikely
ever to reach
$1
Rather, it is more likely to see a
10X or more
gain in
SHIB
in a
strong bull market
SHIB
has
high potential
rewards but also carries
high risks
.
Investing in crypto requires careful consideration and should only be done after thorough research.