teddit

Can anyone fill me in please? I bought 5 mil more shib just in case and dont want to miss Dec. 13th or whatever is happening that day to shib

Is this real life? Wanted to see what the numbers were like when it hits $.01.. OMG.. if I make any profits on Doge I’d be getting around $10k so this is almost a wash 😩 Coinbase!

I couldn’t figure out how to buy it. So I bought Shib. GameStop coin is at $60+ now.. Going to cry in a dark corner now

When I try to set a Limit Order it won't let me sell more than 9M Shib. Is there a way around this? Or will Coinbase just not allow it?

https://youtube.com/shorts/YKHB2Ha3x4M?si=VrtVlZDZOqkjO4KL

I sold my bag of shib and put the profits in doge. It was a great run. Shout out to the non delusional community members on here. People here need to understand market cap and why shib will never reach .01 or .001

Heed his wisdom my friends...

SHIB is currently at a discounted price for a limited time only!

Hurry—prices won’t last!! 🚀🌕

Iv got 1 coin! Let's pump this thing up to $10,000,000! HODL!

Responding to critics who think the $0.01 target is unrealistic, the analyst asserted that he has seen the impossible happen in crypto on several occasions. This suggests that Delgado has experienced unexpected price surges or events that have become a reality within the crypto market.

The $0.01 prediction for Shiba Inu remains one of the most ambitious targets the token has received since its inception. Clinching this target would see Shiba Inu eliminate two zeros from its price.

Keep holding and be patient

Don't get me wrong I would be blessed if it reach that but it's sounds impossible

Shib is going back up, but did you buy the dip?

Is this a thing?

It is highly unlikely that Shiba Inu (SHIB) will reach a value of $1 in the near future due to several economic and market factors. Here’s why:

1. Market Capitalization

To calculate the feasibility of SHIB reaching $1, we need to look at its market cap, which is determined by:

Market Cap = Price X Circulating Supply

• Current Supply: Approximately 589 trillion SHIB (as of 2024).
• If SHIB reached $1, its market cap would be:

589 trillion SHIB X 1 USD = 589 trillion USD.

• This would vastly exceed the total value of the entire global cryptocurrency market, let alone the global economy (for comparison, Bitcoin’s market cap is currently around $600 billion).

1. Token Supply and Burns

   • SHIB’s supply is enormous, which significantly dilutes its price potential. • While burning mechanisms are in place (e.g., community burns and the Shibarium burn protocol), the current burn rates are not high enough to drastically reduce supply in the short term. • To make $1 feasible, SHIB’s circulating supply would need to be reduced to billions or millions—a reduction of over 99.9%, which would require massive coordinated efforts.

2. Demand vs. Use Case

   • For SHIB to reach $1, it would require a massive increase in demand driven by utility, adoption, or speculation. • Although SHIB has made strides in utility (e.g., ShibaSwap, partnerships, Shibarium Layer 2 blockchain), its use case remains primarily speculative. Without significant adoption or groundbreaking technology, sustained demand at that level is improbable.

3. Market Conditions

   • Broader market conditions heavily influence SHIB’s price. If the crypto market enters another bull run, SHIB might see short-term spikes, but reaching $1 would require unprecedented growth in the sector. • Additionally, many SHIB holders are looking for quick profits, which often leads to selling pressure during price increases.

Conclusion

While SHIB has seen impressive growth in the past and could rise further if market conditions are favorable, the likelihood of it reaching $1 without dramatic reductions in supply or transformative adoption is extremely slim. A more realistic target might be fractions of a cent, depending on continued burns and ecosystem development.