However, in the last few weeks, the crude price has decreased, and this is helping the crypto market to recover. In the last few months, the price of crude oil has soared and it’s clearly reflected in the crypto price. As per our analysis, it was noticed that every time there was a surge in the price of Crude oil, the crypto market crashed. Therefore, it is clearly evident that the bulls are once again backing the SHIB and the price is expected to rise in near future.ĭecrease in Crude Oil Price: The crude oil price has been under $100 in the last few weeks. However, in the last few days, it was noticed that the surge lasted for a couple of days and the crash has not been as brutal as it was the last few weeks ago.
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Once Shibarium is live, Shiba Inu will be free from ETH blockchain and there are high chances of Gas fees going down after that.īulls Are Back: Since the crypto market crashed, there was hardly any bull action as the surge that used to happen was always short-lived. Expanding their ecosystem, Shiba Inu developers are working on their own blockchain platform, Shibarium which is expected to be launched this year. The ‘Meme Coin’ developers no longer want the Shiba Inu coin to be called Memecoin. The transaction on the ETH blockchain is quite expensive due to the higher gas price and the speed has been a question for a long. The Launch of Shibarium: As we know Shiba Inu is one of the layer-2 crypto-based upon the Ethereum blockchain. Will Shiba Inu Reach 1 Dollar: Why does Shiba Inu look well placed going forward?
If Shib were to rise 50% a year and also Burn 50% of the Coins If Shib were to rise 30% a year and also Burn 50% of the Coins Will the help of simple calculation, we will determine how and when Will Shiba Inu reach 50 cents: Price as of September 14th For Shiba Inu to reach $10 from the current price it will have to rise 38,500 times. In order to reach $10, the maximum token needs to burn. However, since its official launch, around 50% of the total SHIB tokens are been put out of circulation but even after attaining such a feat, there remain 559,580,658,350,747 Shib tokens in circulation as of now. One of the biggest problems for Shiba Inu has been its supply with its initial supply being around 1 quadrillion tokens. It took Ethereum 4 years to increase its Market Cap from 5 Billion (same as Shiba Inu today) to $ 500 Billion but the market cap fell from its peak and it is at $183 Billion Today.20 years ago, Apple’s market cap was almost the same as Shiba Inu’s is today. This is the highest for any company today. Apple’s Market Cap Today is $2.48 Trillion.Shiba Inu SHIB Uptrend Growing Technical Analysis UpdateĬan Shiba Inu reach $1? Some Statistical Oddities This may seem to be impossible as of now but in past we have noticed Shiba Inu gaining big, therefore, the possibility of Shiba Inu rising cannot be denied. If SHIB were to rise 30% a year and also Burn 50% of the CoinsĪt the current price, Shiba Inu will have to rise 83,500 times to reach $1.
Will Shiba Inu Coin reach $1? Some Statistical Scenarios Price on September 14th
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