Shiba Inu Rose 91,000,000% Last Bull Run: Can It Surge the Same Again?
Shiba Inu was trading at $0.000000000945 (nine zeroes) on January 2021 but managed to delete five zeroes in 10 months. It kick-started a massive rally between January to October 2021 knocking out five zeroes in the charts. SHIB reached an all-time high of $0.00008616 in October that year surging 91,000,000% (91 million percent) in less than a year. Even a simple yet basic investment of $100 could have turned into $9,100,000 ($9.1 million) during the bull run.
Also Read: Bitcoin Will Be More Valuable Than the US Dollar: Venture Capitalist
Now that the 2021 bull run is a thing of the past, can the next bull run make Shiba Inu deliver similar profits? Will SHIB rally again by generating profits worth millions of percent to investors? In this article, we will explain how high Shiba Inu could surge in the next bull run.
Also Read: Morgan Stanley Predicts The Future Of Ripple (XRP)
Shiba Inu: After Rising 91 Million Percent, Can SHIB Surge That High Again?
The only thing that will not let Shiba Inu surge 91,000,000% in the next bull run is the circulating supply. SHIB has a circulating supply of nearly 540 trillion tokens and that stops the token’s growth and future prospects. This is the maximum the dog-themed token has surged and will find it difficult to move ahead hereon.
Also Read: Shiba Inu: The Price SHIB Must Reach to Make $1,000 Turn to $1 Million
Only if the Shibarium layer-2 solution manages to burn trillions of tokens and send them to the dead wallet, does Shiba Inu have a chance of rallying. For that to happen, the network needs to brim with activities with a lot of transactions taking place every day. A portion of the transaction fees collected on the network will be used to burn SHIB tokens.
Removing Shiba Inu tokens from circulation and making them scarce will make SHIB surge in value. That does not seem to be happening currently as the burns are minimal. It could take years, if not decades for SHIB to rally that big again. In conclusion, without sending the tokens to the dead wallet, Shiba Inu has no chance of rising 91,000,000% again.
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Shiba Inu Rose 91,000,000% Last Bull Run: Can It Surge the Same Again?
Shiba Inu was trading at $0.000000000945 (nine zeroes) on January 2021 but managed to delete five zeroes in 10 months. It kick-started a massive rally between January to October 2021 knocking out five zeroes in the charts. SHIB reached an all-time high of $0.00008616 in October that year surging 91,000,000% (91 million percent) in less than a year. Even a simple yet basic investment of $100 could have turned into $9,100,000 ($9.1 million) during the bull run.
Also Read: Bitcoin Will Be More Valuable Than the US Dollar: Venture Capitalist
Now that the 2021 bull run is a thing of the past, can the next bull run make Shiba Inu deliver similar profits? Will SHIB rally again by generating profits worth millions of percent to investors? In this article, we will explain how high Shiba Inu could surge in the next bull run.
Also Read: Morgan Stanley Predicts The Future Of Ripple (XRP)
Shiba Inu: After Rising 91 Million Percent, Can SHIB Surge That High Again?
The only thing that will not let Shiba Inu surge 91,000,000% in the next bull run is the circulating supply. SHIB has a circulating supply of nearly 540 trillion tokens and that stops the token’s growth and future prospects. This is the maximum the dog-themed token has surged and will find it difficult to move ahead hereon.
Also Read: Shiba Inu: The Price SHIB Must Reach to Make $1,000 Turn to $1 Million
Only if the Shibarium layer-2 solution manages to burn trillions of tokens and send them to the dead wallet, does Shiba Inu have a chance of rallying. For that to happen, the network needs to brim with activities with a lot of transactions taking place every day. A portion of the transaction fees collected on the network will be used to burn SHIB tokens.
Removing Shiba Inu tokens from circulation and making them scarce will make SHIB surge in value. That does not seem to be happening currently as the burns are minimal. It could take years, if not decades for SHIB to rally that big again. In conclusion, without sending the tokens to the dead wallet, Shiba Inu has no chance of rising 91,000,000% again.
Read More