![]() ![]() With this in mind, it's a good idea to sell Shiba Inu and direct your capital elsewhere. But it's best to focus on the things that matter, like the underlying fundamentals of the digital token. There's no doubt that the cryptocurrency market is experiencing a quick bounce-back to start the year, and this situation might entice investors to speculate on Shiba Inu to try to profit from the momentum. And they actually possess innovative features that help them stand out in a crowded industry. Why would any skilled developers or enthusiastic users be inclined to take their time and money to Shiba Inu when there are much more promising crypto projects out there? Ethereum, Cardano, and Solana all have huge developer networks helping to lay the foundation for greater use of decentralized applications. But even if Shiba Inu can successfully launch Shibarium and the metaverse, I'm not convinced they will catch on. With it, users will be able to buy digital land, interact with other users, play games, and earn passive income. There are also plans to introduce a native stablecoin.Īdditionally, Shiba Inu could fully introduce a metaverse powered by non-fungible tokens in the near future. Developers have been working on a Layer 2 scaling solution, known as Shibarium, to lower transaction fees and increase throughput. ![]() This means that SHIB's price will remain at fractions of a penny for the foreseeable future. Not only is that much higher than the market caps of Apple, Microsoft, Alphabet, Berkshire Hathaway, and ExxonMobil combined, but it's around the total amount of household wealth worldwide (according to data from McKinsey). ![]() At this price, the market cap of the entire network would total $549 trillion. ZenGo is the ideal SHIB crypto wallet did you. What's a blockchain It's a virtual database of transactions distributed and duplicated across a peer-to-peer network. Shiba Inu (SHIB) is an Ethereum-based ERC-20 token with an outstanding, dynamic, and passionate community. Shiba Inu's supply is so gargantuan that it's virtually impossible for each individual token's value to ever reach $1. Shiba Inu is an ERC-20 token, which means it runs on the Ethereum blockchain. And to make matters worse, there's nothing stopping the founders from creating new tokens out of thin air whenever they want. This silly amount artificially keeps the price of one token insanely low. There are 549 trillion SHIB tokens in circulation. Another reason to dump your SHIB holdings is the token's enormous supply. ![]()
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