Welcome to another price predicition,review and analysis by team Moneysque.If you’re looking for a comprehensive Shiba Inu Cryptocurrency review and analysis, you’ve come to the right place. In this blog post, we’ll take a close look at Shiba Inu, its key features, and whether or not it’s a good investment.. So, without further ado, let’s get started!
What is Shiba Inu?
Shiba Inu is an Ethereum-based cryptocurrency.Shiba is an altcoin (Alternative Coin) of Dogecoin.This crypto gets its name from a Japanese dog breed.
Origin of Shiba
Shiba Inu and Dogecoin both are meme coins.In 2020 when doge and cheems memes was getting a lot popular someone created Shiba Inu as a parody of Dogecoin.So you can even say it was just created to make fun.
Key Differences Between Shiba Inu Coin and Dogecoin
Shiba Inu is based on Etherium and at the same time Dogecoin is based on Bitcoin Technology.So here you have to understand if something happen with Etherium or Bitcoin it will directly make huge impact on Shiba Inu and Dogecoin prices (Bitcoin and Etherium are the most popular cryptos and whole crypto market moves according to these two).
Current Market Price of Shiba Inu is (As on 12th OCT 2022) – $0.00001029
Current Market Price of DogeCoin (As on 12th OCT 2022) – $0.05922000
The availability of Shiba Inu Is much more than the dogecoin.
Doge coin supply limit is 130 Billion at the same time Shiba Inu coin supply limit is even more than 550 Trillion.
Now many of you must be thinking that this is a great positive for shiba,because of this shiba has huge number of volume but you are absolutely wrong.
- Also Check – Fantom Cryptocurrency Price Prediction
Is there any flaw in SHIBA?
According to our team analysis, the biggest flaw in shiba is the large number of token supply of the Shiba Inu Coin.Currently, there are 558 trillion SHIB tokens in circulation,with a total supply of 1 quadrillion.
Can Shiba reach $1 in the future?
The simple answer is No and i can definitely say that even after 50 years it will never hit $1.There is simple math behind this and if you don’t have any financial background you can still understand it easily with few basic comparison, Let me explain you
Shiba inu supply limit is 558 Trillion and if it ever hit $1
It’s market cap would be – Supply X Price = Market Cap
558 Trillion X $1 = 558 Trillion
and if you don’t know how big number 558 Trillion is than let me tell you
Current United States GDP is somewhere around – 19 Trillion
Current Apple Market Cap is – 2.26 Trillion
Current Bitcoin Market Cap is – 369.91 Billion
Apple is currently world’s biggest company with the market cap of 2.26 Trillion and anyone can say that after 50 years it even can’t be somewhere around 550 Trillion and you are hoping a cryptocurrency about what nobody knows tomorrow will exist or not will archieve the mark of 558 Trillion.This is just like a joke.
Now i hope you have understand why shiba can never touch $1.Currently it’s also technically also weak so if you just wants to generate basic return from it than it’s still not good time to buy it.
Let’s say shiba will touch 1$,then from now it’s have generate the return of more then 9000000% and this much of return is too good to be true.
Note – This Article is for Educational Purpose Only.
All numbers and facts used in this article are as on 12th October 2022.
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