Hello again! As many know, i hold and day trade Shiba. Also i believe in the project even after the random “internet breaking news” announcements by the Shiba team. Not trying to hate on Shiba, this post is for educational purposes only. Is just incredible how many people believe Shiba will hit a cent in the next 5 years or that it will reach the ATH in the next year. This goes for Shiba and the whole market.
Here are some mathematical facts for the one cent believers. Right now, for Shiba to reach 1 cent, it needs to have 10 times the current Bitcoin marketcap. Shiba needs needs around 5,490,632,788,763 in market cap value. Market Cap = Price x Circulating Supply
Some might say… “We dont need that much market cap, we just need to burn more Shiba”. That is true but in order to reach one cent we will currently need a circulating supply of 600 billion shibas. We will need to burn 99.90% of the current supply! For those who dont know, the Shiba team cant do this, they dont own the tokens in other words is in the users hands. The Shiba team can only implement burning mechanics like shiba burn and other future tools.
Lets say we burn half the supply we will, still need a market cap 5 times the current BTC market cap, around 2.5 trillion. So yeah, It will take a lot of time to get to .01. dont expect to see this happen in the next 5 years.
Now for those who are saying we are hitting ATH soon or in the next year. To all those to the moon soon posts… 2021 was a special year. Mostly everyone in the US received thousand of dollars in stimulus checks, more than 10k unemployment checks and thousands in federal aids. That is the reason the whole market went to the moon. Now we are living in an opposite world with long term problems that will take a couple of years to solve:
War Inflation FED interests Asia not exporting enough goods FED plan to extract the money injected in aids last year starting June 1st Long term tax investors about to sell in the upcoming months ETc etc etc
After all this ends, we can rise organically based on the projects the team develops. This isn’t a ticket to become millionaires fast, this is an asset, you need to treat it like that. Many think we already went to the moon last year and many people already became millionaires last year. The next time you see a to the moon post or you want to post without facts, please do some research, some math and think before posting or believing something. These are just facts.