The Freaky Truth Of 1¢ Shiba Inu

A video on YouTube. In Business & Money, a Krater category.

Summary by Krater

Graham Stephan investigates the skyrocketing price of Shiba Inu coin, examining market dynamics, token supply, community sentiment, and the challenges of reaching one penny.

From the video

Answers: Why is Shiba Inu coin's price skyrocketing and can it reach one penny?

Shiba Inu coin price surge
Cryptocurrency market cap analysis
Token burn mechanisms
Supply and demand in crypto
Impact of Elon Musk tweets on crypto
ShibaSwap features and staking

What it concludes

Shiba Inu coin reached a $12 billion market cap within 14 months of its release.
A one-million-dollar burn on an 8-billion-dollar market cap reduces overall supply by only 0.000125%.
For Shiba Inu to reach a penny, either 99% of circulating supply must be burned or unprecedented capital must flow in.
Shiba Inu reaching one penny would result in a market capitalization higher than all cryptocurrencies combined.

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