With BTC now back at $50,000, it appears as if the crypto market has officially overcome the brutal crypto winter. With renewed optimism and hopes of a bull market on the horizon, it is time to take a look at one of the top performers of the recent crypto market bull run: Shiba Inu (SHIB). Many assume that SHIB will rise again, but is it realistic to believe that Shiba Inu can reach $1?
You don’t have SHIB tokens yet and want to be optimally prepared for the upcoming bull market? Dutch crypto broker Anycoin Direct is now giving away 1 million SHIB tokens for free!
The transformation of Shiba Inu
Unlike the previous bull market, where Shiba Inu’s price rise was driven primarily by speculation with no unique features or use cases, Shiba Inu developers have been working hard over the past two years to give the coin more utility. Today, Shiba Inu holders can use the token for yield farming, buying and selling non-fungible tokens (NFTs), and various other applications that are part of the decentralized finance (DeFi) economy. There are even ambitious plans to launch a Shiba Inu-based metaverse.
Despite these efforts to transform Shiba Inu from a meme coin into a more serious crypto project, the coin’s huge supply remains a major challenge. With over 589 trillion (!) Shiba Inu tokens in circulation, a newly introduced burning mechanism attempted to limit the supply. Since the mechanism was launched in April 2022, more than 410 trillion tokens have been burned, representing about 41% of the initial supply.
The path to 1 dollar: an unattainable dream?
The prospect of Shiba Inu reaching $1 seems virtually impossible. To achieve this goal, the token would have to rise by an incredible 9,816,570%. Even for a cryptocurrency that has previously made big jumps, such a rise seems unlikely. If Shiba Inu reached $1 per token, it would not only be the most valuable cryptocurrency, but also worth more than the entire global economy. Reaching $1 would essentially mean defying gravity; A scenario that is simply not feasible.
While $1 is almost certainly unattainable, that doesn’t mean SHIB can’t have a bright future. In fact, many expect Shiba Inu to come back into the spotlight sooner or later. The previous all-time high is currently still up 830%, and while this is also challenging, it is certainly not impossible.
Regardless of the SHIB price, Anycoin Direct is offering a new promotion where new users can get up to 1 million SHIB completely free. There is no better way to start investing in the meme coin.
All you need to do is register with AnycoinDirect, complete the verification process and place at least one successful order.
This promotion is only valid today! So be quick and get your 1 million SHIB tokens as soon as possible!
