Shiba Inu Token/Coin is a famous meme coin, which turns many people into a millionaire overnight. I also purchased this famous coin but I am too late to take profits, but people like me have the same question when its price will reach her good price which will get us profits.
After the purchase, I experienced that the Shiba coin price is not beginning to increase, later one month I see a profit spike in January where I get a good profit for the coins I have.
But I bought this coin for long-term investment, so I did not sell my coins.
So, in today’s post, I am going to explain why Shiba Inu Token will not Reach $0.01 this year. And for those who do not know about Shiba Inu Token/Coin.
What is Shiba Inu?
Shiba Inu token/coin is an Ethereum based altcoin that features the hunting dog as its mascot.
It was the same as other popular crypto coins like — Bitcoin, Doge, Ethereum & Other popular coins. By using a preferred Crypto Investment Application OR Website you can Invest in Shiba Inu like other crypto coins.
What can Increase the value of Shiba Inu to $0.01?
There are 2 to 3 ways, which makes price of shiba inu token to touch the profit spike.
1. Token/Coin Burn
The process of Burn Involves Sending coins/tokens to dead wallet. The theory of burn is simple when a coin/token which was in circulation burn in large number, It will increase the price of remaining available coin/token.
As per the available data daily in large number coins/tokens burn.
2. Innovation/Products
The second way is Innovation, Infact Shiba Inu launched his some innovation which will help him to increase the coin/token price.
List of Innovations by Shiba Inu:
- ShibVerse (Metaverse).
- Payment in AMC Places.
- ShibaSwap.
- Shibarium.
What is ShibaSwap?
It was a native decentralized exchange (DEX) for Shiba Inu coin/token. It was going to operate in a way different from other centralized platforms like Binance. It will allow its user to swap coins/tokens in exchange for others coins/tokens.
What is Shibarium?
Shibarium is Shiba Inu’s blockchain transaction system, which will help & make the token better. It was a second-layer transaction solution like Matic, but It still going to use Ethereum as its first-layer solution.
Soon we can get introduced to this Shibarium system from Shiba Inu.
I hope that this innovation will help in Increase the price of the Shiba Inu coin/token.
Does Shiba Inu will Reach to $0.01 this year?
The answer is a straight NO. Because it’s not a possible situation for Shiba Inu coin/token. With the current market supply, it will take 4 to 5 years to reach 1 cent.
If there is any possible way then its going to be a hope.
Conclusion
While writing & research for this article I find that lots of Information about Shiba Inu coin/token. Like — Its launch a diffrent innovation which two topic I coverd in this article. For other two main topic I am working on a separate post because it has lots of things to cover.
If you are new to Crypto and want to invest in the Shiba Inu token, then you can invest it, but remember you can not expect a quick profit after investing consider it for long-term investment, not for short-term investment.
