🔥💥Shiba Inu Breaks Major Resistance, Targets $0.000063

The price of Shiba Inu broke a major resistance, paving the way for a rise to $ 0.00006326 in the middle of the recent rise, which put the token among the top earners.Dec.

Shiba Inu (#SHIB ) experienced a big rise last week and achieved a tremendous gain of 380% during this period. The price increase has also led to the violation of multiple resistance levels that have historically hindered the progress of the crypto asset.

The latest of such resistance points that have been broken in the last few hours is the $0.000040 level. The Shiba Inu bulls put up a tight fight in this price zone before finally making a breakthrough.
Shiba Inu, which exceeded the threshold of $ 0.000040, rose to $ 0.00004486. This is the highest level that SHIB has traded since April 2022, just before the Terra-induced market collapse.

with the disappearance of the resistance of $ 0.000040, the next target of Shiba Inu bulls will be the price December of $ 0.00006326. The last time Shiba Inu traded above this level was in December 2021, just two months after its all-time high.

Shiba Inu Entered the Top 10
Shiba Inu has left most of the competing cryptocurrencies in the dust with its recent price increase. The blockchain project has left behind prominent names such as Chainlink (LINK), Polygon (MATIC) and Tron (TRX).

Shiba Inu entered the top Decipherment of cryptocurrencies by market value yesterday. Shiba Inu currently has a market capitalization of $24.4 billion and is on track to kill off Dogecoin, which has a market capitalization of $27.2 billion.
By the way, it is noteworthy that Shiba Inu is currently only 58% below the all-time high of $0.00008845 Dec. But as long as the current upward trend continues, the prospect of a return to an all-time high remains.
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🚀 2008 - Missed opportunity: $BTC 💰

🌐 2020 - Missed wave: $SHIB 🤝

🐸 2023 - Neglected Gemstone: $PEPE 😱

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How Many Years Will It Take Shiba Inu To Reach $1?

The Shibarium layer-2 network will start burning SHIB tokens in January 2024, the Shiba Inu team stated on Monday. For a more thorough understanding, go this link to find out more about how many SHIB tokens Shibarium will burn annually.

As per the most recent blog post, SHIB tokens will be burned with 70% of transaction fees on Shibarium. The remaining 30% of the money will go towards network maintenance, which keeps it operating smoothly and effectively.

Fees will be collected by Shibarium in the governance The network uses the bone token, which is utilised as gas to carry out transactions. Following that, bone tokens will automatically change to SHIB.Following conversion, SHIB tokens will be burned by Shibarium and taken out of circulation forever.

But now that it's official that Shibarium will burn SHIB tokens, is there any chance Shiba Inu will hit $1? This article will discuss how long it could take a Shiba Inu to reach the $1 threshold due to Shibarium burns.

How Long Will It Take Shiba Inu To Reach $1?

Even if everything goes according to plan and Shibarium burns 3 trillion tokens year, SHIB will never hit $1 within our lifetimes. Here, the dynamics are different as there would still be an abundance of supply and a scarcity of demand.

As a point of reference, Shiba Inu has 589 trillion tokens in use and is hardly just 1.3M.
In conclusion, it would take 98 years for Shiba Inu to achieve $1, even if Shibarium burns 3 trillion SHIB tokens annually. It's just not feasible during our lifetimes. But Shiba Inu won't have any chance of reaching $1 before our lifetimes unless Shibarium is able to burn over 100 trillion tokens annually.

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🙏 DO YOU BELIEVE PEPE BEAT DOGE AND SHIB 🙏

$PEPE currently has a market cap of $2.97 billion, DOGE is $23.3 billion and SHIB is $14.97 billion. So if #PEPE wants to surpass DOGE, it must be X8 times and to surpass SHIB must be X5 times at the current price. Is it feasible, when PEPE is still having strong cash flow pouring in?

Note: This is just a personal opinion, not investment advice. #Write2Earn

How Much Would $100 Get You if Shiba Inu Hits $0.001?

Shiba Inu continues to hold on to the dream of ultimately hitting $0.001, but how much would $100 yield for an investor if SHIB achieves this goal?

The Shiba Inu (SHIB) community hopes to witness the canine-themed asset claim a $0.001 price. While this price goal seems highly ambitious, investors wonder how much of an impact it would have on their investment should SHIB eventually hit the price point.

Recall that Shiba Inu plummeted to a shocking low of $0.00000543 on June 10, eliciting concerns. However, a $100 investment would have given investors a massive 18.42 million SHIB tokens at that price. Due to the recovery, $100 in Shiba Inu would give 4 46 million tokens at its current price of $0.0000224

4.46 million SHIB would be worth $12,547 if Shiba Inu attains a $0.001 value. This sort of appreciation translates to a 12,447% return on investment. Should this materialize, an investor would have raked in over $12,400 in profits with an initial $100 investment.

Shiba Inu to $0.001: Is it Possible?

As most market watchers and analytical resources have affirmed, it is possible for Shiba Inu to hit the $0.001 price level. However, they have advised caution as the price target is not guaranteed. Shiba Inu would require a 12,400% rally to hit $0.001.

In addition, potential partnerships within the SHIB ecosystem will bring further exposure to the canine-themed asset and attract demand. These initiatives can support Shiba Inu’s aim for $0.001, especially during a bull market.

Notably, a more realistic price target for Shiba Inu is its all-time high of $0.00008845 attained in October 2021. Having hit the price target in the past, market watchers believe SHIB has a better chance at reclaiming $0.00008845 than hitting $0.001. However, if SHIB reclaims its ATH, a $100 investment would yield $1,059.

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