Dear SHIB friends, come and have a look!
SHIB, the one that once had a sky-high price, is now sold at $0.000025 per coin. Are you all wondering if it can go crazy again and rise to $0.5?
SHIB has become popular recently, why? Because the speed at which they destroy tokens has soared by 3700%! Within 24 hours, 50 million SHIBs disappeared. Everyone is wondering, with fewer tokens, should the price go up? But then again, the total amount of SHIB is terrifyingly large, and the destruction of this little bit is actually not much less. If you want the price of SHIB to fly up, the destruction must be continuous and in large quantities!
The developers of SHIB are also working hard, saying that they want to build a "Crypto Valley" in the United States, which sounds great and may attract a bunch of new players. If this project succeeds, the price of SHIB may also benefit from it.
Recently, the price of SHIB has increased by 40%, and the trading volume has tripled. Everyone is rushing to buy and sell SHIB. The popularity is really great! But with such a hot trading, the price may also be like a roller coaster, sometimes up and sometimes down.
Say SHIB can rise to $2? Then its total value must exceed Bitcoin. This difficulty is simply harder than climbing to the sky, and it is almost impossible now. But it is still relatively reliable that SHIB will rise to between $0.001 and $0.01 in the next few years. This depends on whether the destruction can continue, whether SHIB can find more uses, and whether more and more people are willing to use it.
If you want to dig deeper into the currency circle, but can't find a clue
If you want to understand the information gap, whether it is a contract or spot, you can read my bamboo leaves and learn more
