Why shiba inu not come 1$ - page 5. | Bitcointalksearch.org

cunguks

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Quote from: Sollaes on August 09, 2021, 08:05:56 AM

Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

Does it have any reasons to reach 1$? I really don’t understand why people believe in meme coins? Because of advertisements from some authoritative people? This hype can’t continue all the time, so coins that have no real utility and live just because of hype are likely to die soon. That is why please, don’t invest in meme coins, you will lose!

even dogecoin hasn't reached it yet. then with a lower market capitalization than dogecoin, why can SHIB reach $1?
This is indeed exaggerated speculation. Indeed, meme tokens are often underestimated by investors or top market asset players.
but some traders who master and type Shiba coins get a lot of profit.

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

Does it have any reasons to reach 1$? I really don’t understand why people believe in meme coins? Because of advertisements from some authoritative people? This hype can’t continue all the time, so coins that have no real utility and live just because of hype are likely to die soon. That is why please, don’t invest in meme coins, you will lose!

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

see Doge coin was the first meme token in the crypto world. And Elon musk was the first to tweet about it and create hype, as well as invest a lot of money here. Even after so many things, Doge could not touch 1 dollar. So how can Shib price achieve $1? It's totally impossible

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

the problem of the meme coin is the supply, of the supply is big it is really hard for the token to rise up to 1$, it is happen not only in Shiba but also on different meme coin even if token is listed on binance or any other big exchange of the supply is very big then there is no chance for 1$. They really need to burns token to reach the 1$ price.

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

I also invested in Shiba Inu with a value of around $347, seeing the market trend, of course, it is very difficult to reach $ 1 even $ 0.001. I think the total supply affects the price which is difficult to rise, if the Shiba Inu can reach the price of $ 0.01 of course it will be ranked #1.

I am wondering how long these meme coins will exist... I also bought some Shiba Inu when it was around 30 sats hoping to score a big win Tongue

. It will probably get pumped a couple of times but a reaching a price higher than 0.001$ seems impossible.

Rehan Zakir

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Shiba inu dollar price is very low. And its total supply is very high. But overall project is very strong and Elon musk is behind this project so means that something big is cooking back on this project to increase the price. In crypto market every thing is possible. I am a confident that shiba inu price will reach near to 0.1$ in the next 5 years. Because 1$ is a very difficult target and it takes huge time to complete.

FlamingFingers

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

The supply is freaking huge, doge the king of meme coin is yet to reach $1 not to talk about Shiba with huge supply, in my opinion its not possible for Shiba to reach $1 per unit even in a decade time to come it can't achieve such price, currently the market cap is 3 billion dollars plus, and the price is still at 0.000006+,, so imagine the market cap at $1 per unit, that's gonna be a pretty unrealistic huge value for Shiba

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

please tell me what reasons make you believe that SHIBA INU can reach $1? because in my opinion there is no good reason to make the price of SHIBA INU can reach $1, especially with the current market cap, it is very impossible for the price of SHIBA INU to reach $1, because the supply of SHIBA INU is very large.

imstillthebest

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although shiba inu has a quadrilion supply and dogecoin was infinite still this isnt enough reason for the coin to climb up to 1 dollar because in my opinion the quadrilion supply shib has is still a lot and when it comes to popularity it cant stand a chance with dogecoin .
shib was still pretty new so to be able to see a juicy value in it you would need to wait for more time . watch if elon furtherly mentions this coin because that could also help

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Quote from: daenarys_stormborn on August 04, 2021, 12:56:48 PM

because in my opinion shiba inu is just a meme coin like dogecoin, meme coin like that has no utility so shiba inu and doge coin can rise only because of temporary hype, the main cause of course is because of elon musk

I agree with you, because shiba inu and doge have no function, so it's impossible for the price of shiba inu and doge to increase very high if it wasn't for the hype created by Elon Musk, therefore I'm sure if the hype from meme coin has disappeared, then of course the price of shiba inu and doge will not be able to increase very high again and can even go down, so my advice never invest in meme coin for the long term.

yes, we can say that these coins are one of those shitcoins that existed in the market but can't deny that many became profitable during its hypes. However, as the hypes are over, people are getting crazy to think about what will happen next. Most have a negative opinion, $1 is really at hard reach for Shiba Inu, and for that huge market cap, even there is a hype comes again that still impossible.

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Of course total suply is the main reason why shiba inu can't reach that price, $1 is very unrealistic target

Total supply has to be the overall reason why shiba inu won't get to $1.

If we're to get there a lot of money has to be pumped into this coin which is highly unlikely to happen.

The other option to have shiba hit a $1 is token burns which is well documented to yield positive results, we have seen how Binance coin is growing because of this and this could work for Shiba if it's devs start burning some of its coins to reduce number of coins that exist.

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Quote from: daenarys_stormborn on August 04, 2021, 12:56:48 PM

because in my opinion shiba inu is just a meme coin like dogecoin, meme coin like that has no utility so shiba inu and doge coin can rise only because of temporary hype, the main cause of course is because of elon musk

When doge was not able to reach 1$, so Shiba is a long story for me and might not reach as well. Doge just got a huge momentum due to Elon else it would have never being where it is today even with 0.2$ price which exists now too. For fun and short term if it rises can invest and sell it.

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because in my opinion shiba inu is just a meme coin like dogecoin, meme coin like that has no utility so shiba inu and doge coin can rise only because of temporary hype, the main cause of course is because of elon musk

BintangBuleun

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

Total supply is the main reason that Shiba Inu is hard to reach $1. Apart from that, Shiba Inu is not an investor's favorite coin, and it's not even a coin, just a token that relies on Ethereum and BSC smart contracts. So Shiba Inu does not offer anything new in the crypto world. If developers are willing to reduce the amount of supply, then this is something positive, and will increase prices slowly.

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Shiba inu token is popular and the hype was massive. There comes a time when hype will wane and people just get tired and want something else. I think this is the scenario right now. Game based token is rising in price very quickly. Axie infinity is leading in these regard. We might have started another trend for all you care!

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Of course total suply is the main reason why shiba inu can't reach that price, $1 is very unrealistic target and i 100% believe it will be impossible to happen for shib to reach that price. I know everything is possible in crypto but for this kind of meme coin like this without working product, it will never be happen.

Everything is possible if the prediction is realistic, but for a project with this total supply "1,000,000,000,000,000" , it will never happen.

We got too hype with this coin, I'm sure in the future there's someone who will be blame for this, like people are looking for someone to blame when Dogecoin will start dumping.

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

Perhaps, it was not a surprise due to its market supply and pulling the price and the other factor is that this project seems not worth investment and that makes investors just ignore this. Only just hoping for now is that someone could shill and hypes this project like what happen to Dogecoin. But I think there is no one would able to risk their money and reputation. Or, we will wait for what gonna happen in the next bullish but the question of this Shiba Inu project still exists?

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Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

The total supply definitely has a lot of role to play, imagine the coin had only let's say 100 million coins in total supply, and with the current market capitalization it has, the coin will be well above $2 dollars by now, but then, you wouldn't own as much as you currently own, if am not mistaken, dogecoin has a lower total supply than Shiba, if dogecoin which has lower supply and also with a higher market capitalization than Shiba has not reached $1, why are people expecting Shiba to jump to $1 all of a sudden?. It doesn't work like that, even at the current price of bitcoin, It will take a very long time of Shiba to ever see $1.

kapalmabur

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I believe the answer is very clear, namely shiba inu and other meme coins such as dogecoin, have no advantage in utility, it is true that the coin is very popular, but it is only temporary

Actually there needs to be a separation between shiba inu and Dogecoin even though they are both coin memes, because Dogecoin has long been popular in the crypto space with very cheap prices but can always stay in a good position in the cryptocurrency rankings, in contrast to shiba inu whose future direction is still unclear.

It's true even though between dogecoin and shiba inu is a meme coin but it's different,
because Dogecoin is superior to Shiba Inu and it may be very difficult for Shiba Inu to match the achievements of Dogecoin

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Quote from: marine4u on July 31, 2021, 11:05:41 AM

Quote from: udayantha11 on July 28, 2021, 03:29:31 AM

Please explain, why shiba inu not come 1$ ? Total supply?

Lol, Shiba still has the potential to hit $1 in the distant future, a meme that wants to make an impact and grow in value takes a long time, not to mention the fact that it is backed by many celebrities. Usually, coins with a large community are easy to create shocks, AXS (gaming community), Doge (online community). After all, if Shiba can be pumped well, and blow fire like Doge going to $1 is entirely possible.

Doge has a higher chance of reaching the price of $1, because it is an old coin that has a large community. In addition, Elon Musk is still shill this coin and so far he has not taken off his sunglasses with a Doge reflection on his Twitter account. But Shiba also has the prospect of growing to such a level, but not before the market capitalization of the cryptocurrency reaches $10 trillion.

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