Why shiba inu not come 1$ - page 7. | Bitcointalksearch.org

Hypnosis00

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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?

Because of the huge supply and it's a hype token which already gone for now. It can't go up without the go signal from DOGE meme token, DOGE is still below $1 so that thing will not happen to Shiba Inu. I wonder if there are still investor for Shiba Inu, its price didn't move that much anymore.

I don't want to wonder why still a lot of people overly thinking that meme coins like Shiba will show a huge pump. No, if Shibacoin has it valued at $0.1 it was so great but looking at its price today ($0.0003160), that has no signs of possible surge but a sign of dying.

https://www.msn.com/en-us/money/other/what-will-happen-to-shiba-inu-coin-by-2025/ar-AAKQpsG

There is a huge market expectation that has been made but we know the situation of this coin, it is too far from the reality than these people are saying.

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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?

yes, like your own answer, if total supply of SHIBA INU is very large, so for the current matket cap it is impossible for the price of SHIBA INU to reach $1, especially there are still many cryptocurrency that are better and more popular than SHIBA INU (such as ETH, BNB, ADA, MATIC and DOT), so many people are not interested to invest in SHIBA INU and choose to invest in other cryptocurrency (which is safer and definitely profitable), therefore I believe that the price of SHIBA INU will not be able to reach $1 in the near future, even though there will be the next bull run.

I don't know why holders of SHIB have high expectations with this meme token? First, they need to know that this token has no use case. Even the thread in this forum is abandoned by the team. They came to be popular because of the hype, and binance also ride the hype by listing it. But then what? What's next for this meme token? Better invest on projects with tangible use case. This meme token can go down the drain very fast.

wheelz1200

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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?

Are you insane? For shib to get to $1 that would mean their market cap would equal $400 trillion USD. That is 5× the entire world's annual gdp. If you are honestly asking this question crypto, or any investment for that matter is not what you should be into. Long story short $1 shib is literally impossible.

livingfree

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Quote from: romero121 on July 28, 2021, 06:57:48 PM

Quote from: livingfree on July 28, 2021, 12:07:02 PM

Yes total supply.

With trillion of supply, do you think that it's going to surpass bitcoin's market cap or the entire market cap of cryptocurrencies for it to reach $1?

Don't have that false hope because you'll be missing other opportunities that you can find in other altcoin.

With such a huge supply reaching the market price of $1 isn't an easy thing. People always invest on low priced coins and wait for miracles to happen. There are several lucky people who've made big money out of very small priced coins, but those aren't with such a massive supply. Another thing, such projects don't stand high on the market for a long.

It isn't even hard because it won't happen.

It has a low price and yet with a lot in supply that's why thinking that it would reach $1 is like a dream come true. But with what I'm estimating, it's just going to remain as a dream.

Those that have low price yet don't have massive supply then it's for sure that they have limited supply unlike this meme.

khiholangkang

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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?

Then explain why $SHIBA has to reach $1 ?
1,000,000,000,000,000 Total Supply, it is not possible to reach $1 just for token without use and case

deathcode

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Quote from: ivankoh on July 29, 2021, 10:22:56 AM

First: Shiba is a meme coin, in principle its operation and use depends largely on the community, who indulges and uses it as a form of entertainment.

Second: It is by no means a favorite coin for speculation. Although, the case of Doge is an example that needs very strong impacts for it to reach 1$. Even Doge didn't touch the $1 price.

In addition to the large supply explained above, here are 2 reasons that I think Shiba would be very difficult to hit 1$ if not mission impossible for 1 meme.

but I think the first factor you mentioned could also make the SHIB touch $1.
I'm not saying it's possible or impossible. because in the past we never dreamed of dogecoin also reaching such a high price increase. although it hasn't reached $1
but Shiba is still too new. The trading capitalization of Shiba and dogecoin is still very far away.

ivankoh

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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?

First: Shiba is a meme coin, in principle its operation and use depends largely on the community, who indulges and uses it as a form of entertainment.

Second: It is by no means a favorite coin for speculation. Although, the case of Doge is an example that needs very strong impacts for it to reach 1$. Even Doge didn't touch the $1 price.

In addition to the large supply explained above, here are 2 reasons that I think Shiba would be very difficult to hit 1$ if not mission impossible for 1 meme.

imamusma

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Yes, the entire supply is available. Do you believe it will surpass bitcoin's market cap or the whole market cap of cryptocurrencies to reach $1 with a trillion in supply? Don't be fooled by that false hope because you'll be missing out on other cryptocurrency possibilities.

It is difficult to achieve if the circulating supply has reached one trillion supply, because the large supply will affect the market price and will not even last for a long time at high prices, because coins with a very large supply can be very easy to get by anyone.

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Quote from: bitterguy28 on July 29, 2021, 04:22:16 AM

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

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

because this will never reach that value ever unless they will burn 70% of their total supply then chance will be there.
or if this coin stays alive until bitcoin reached million dollar ? then chance maybe to happen but for now? forget about it lol. Pray that this will reach at least 1 cents and that is much reasonable to wish.

- Its essence is that it is a dish that must be eaten quickly at the hottest times to achieve the most deliciousness but perhaps this dish has cooled down, even about to be no longer edible because of the impact of Elon Musk and the Chinese market, they somehow killed this project by creating a lot of cold air at a time when Shiba Inu was very hot and needed participants. Supply has never been a challenge for the project, burning will not make much sense when the market is no longer interested in investing.

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If Shiba Inu can really hit $1 in the next bull run, I am sure many people will make a big profit because they already buy those token in a large amount and hold it until the price increase later. But I am not sure how long Shiba Inu can reach $1 as the supply of that token is too big although Dogecoin has the same but Dogecoin has a history while Shiba Inu is a newcomer in the crypto world. But anything can happen in the crypto world so if you believe Shiba Inu can reach $1, you should buy from now on and do not sell if the price does not reach your target price.

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Quote from: bitterguy28 on July 29, 2021, 04:22:16 AM

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

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

because this will never reach that value ever unless they will burn 70% of their total supply then chance will be there.
or if this coin stays alive until bitcoin reached million dollar ? then chance maybe to happen but for now? forget about it lol. Pray that this will reach at least 1 cents and that is much reasonable to wish.

I agree that the $ 1 target is impossible for the shiba inu to achieve, especially considering the current price of the shiba inu is very far from reaching $ 1.
So for holders of shiba inu should set a more reasonable target, because the target of $ 1 is too high for shiba inu to achieve. Many factors make it
impossible for the Shiba Inu to reach a price of $1, including the total supply is very large, it has no clear function, and promotions that are not optimal.
For me, shiba inu is only for fundraising purposes, so it's too risky to invest in coins like that.

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Its because theres so many project and more worth to be reach 1$ rather than Shiba, XLM, TRX, ALGO, and many more good projects is better to reach 1$ rather than Shiba.

Yes, that's right, there are more worth $1 in the crypto space than meme coins, because meme coins will just be trash even if they can go as high as $1, but coins like XLM, TRX, ALGO and others, I don't think will be trash because they already have a lot of fans and a strong community.

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Quote from: nira09 on July 28, 2021, 11:19:04 PM

Of course the total supply is the main obstacle for SHIB tokens to reach the price of $1 USD, it's really very funny if someone says the price of SHIB tokens will reach $1, it seems a lot of people want to get rich fast.
Unless there is a supply reduction of 100,000 SHIB : 1 SHIB, maybe that can happen

Yes and the only way for this coin to compete 1$ price is burning coins because there is so much supply that will hinder this reaching a penny.
wondering what is the plan behind this token? will the dev hold this volume or will lessen in the soonest possible way?

Quote from: v3liana on July 28, 2021, 10:54:53 PM

If you one of believer of this coin and thinking about this coin can reach $1 i think your expectations is very high. I know the journey of this coin has been amazing this year and being able to get into top 50 in CMC is very amazing run. But come on, $1 with that supply? How big the marketcap of SHIB if they really hit that price, i even dont know how to spell that megatrillion or whatever it is. Sometimes hope for something is good but we need to walk side by side with reality.

and for sure he will fail right? Angry

Shiba Inu is a good project no doubt about that , and there is a good road map behind this but expecting that high is too much for a coin that does not even reach a cent value.

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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?

because this will never reach that value ever unless they will burn 70% of their total supply then chance will be there.
or if this coin stays alive until bitcoin reached million dollar ? then chance maybe to happen but for now? forget about it lol. Pray that this will reach at least 1 cents and that is much reasonable to wish.

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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?

Yes, its supply is very huge and it is almost impossible to reach $1 with this supply.

And the second reason is there is no strong use case of it. So I think if you want to take the risk on it then you have to wait for few years but don't dream for $1 Perhaps some of its zeroes can be reduced so that you can get good profit.

Or you also have an option that whenever you see it in profit then after selling your token make your investment in bitcoin or ethereum so that you have a chance of guaranteed profit in long run.

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Quote from: Bitcoinjheta on July 28, 2021, 07:50:34 AM

IMHO shiba inu coin is hard to reach the value to 1$ because of its total supply is really huge.Considering the law of supply and demand it's hard to increase its value though its fundamentals really attract the crypto market.

The fundamentals only happen because of the hype for a moment, because once the demand and supply decrease, then everyone will throw it away and also the token will be close to death, because no one will always care about meme coins

That's what most meme coins are because it's very risky to invest in meme coins,
but for dogecoin it seems different from the others because it can be said that until now dogecoin is still at the top,
for shiba, we'll see what happens in the future

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Quote from: FairUser on July 28, 2021, 11:18:55 PM

from the beginning, the development team called Shiba the Dogecoin Killer, and took the logo of a Shiba dog but with a more fierce expression than DOGE's Shiba dog. It's funny how many people are expecting that to happen now. The crypto market is crazy with the unthinkable. But, SHIB is very difficult to reach $1, and does not encourage HOLD for the following reasons:

Quote

CZ (founder of Binance) also confirmed that SHIB is extremely risky. But Binance is still listing to facilitate new coins and satisfy customer demand.
The supply of SHIB is up to a million billion, while it has not made any progress in its application. It's just a price movement. So it will be as easy to pass as the movement.
DOGE's rally has also stopped. It is down more than 40% since the peak. Is it still enough to motivate SHIB?
SHIBA's "coin burn" is not convincing. Because it's actually just transferring money to Vitalik Buterin's wallet. And now, Vitalik Buterin has 8 billion dollars falling from the sky (according to SHIB prices). Who knows what he would do with the free money.

View of Shiba from CZ: https://twitter.com/cz_binance/status/1391781258267566083

That's exactly what we've seen from this coin, it's success as it is now is also considered a miracle. To me, the product that Shiba is creating doesn't bring much special to this market, and we will all understand where its value is.

But another way if they do a swap to a new token with a certain rate, we could also see Shiba $1, but I'm happy with it anyway.

nira09

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Of course the total supply is the main obstacle for SHIB tokens to reach the price of $1 USD, it's really very funny if someone says the price of SHIB tokens will reach $1, it seems a lot of people want to get rich fast.
Unless there is a supply reduction of 100,000 SHIB : 1 SHIB, maybe that can happen

FairUser

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from the beginning, the development team called Shiba the Dogecoin Killer, and took the logo of a Shiba dog but with a more fierce expression than DOGE's Shiba dog. It's funny how many people are expecting that to happen now. The crypto market is crazy with the unthinkable. But, SHIB is very difficult to reach $1, and does not encourage HOLD for the following reasons:

Quote

CZ (founder of Binance) also confirmed that SHIB is extremely risky. But Binance is still listing to facilitate new coins and satisfy customer demand.
The supply of SHIB is up to a million billion, while it has not made any progress in its application. It's just a price movement. So it will be as easy to pass as the movement.
DOGE's rally has also stopped. It is down more than 40% since the peak. Is it still enough to motivate SHIB?
SHIBA's "coin burn" is not convincing. Because it's actually just transferring money to Vitalik Buterin's wallet. And now, Vitalik Buterin has 8 billion dollars falling from the sky (according to SHIB prices). Who knows what he would do with the free money.

View of Shiba from CZ: https://twitter.com/cz_binance/status/1391781258267566083

v3liana

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If you one of believer of this coin and thinking about this coin can reach $1 i think your expectations is very high. I know the journey of this coin has been amazing this year and being able to get into top 50 in CMC is very amazing run. But come on, $1 with that supply? How big the marketcap of SHIB if they really hit that price, i even dont know how to spell that megatrillion or whatever it is. Sometimes hope for something is good but we need to walk side by side with reality.

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