Without any burning of it's circulating supply Shiba Inu will never ever reach the price of 0.01$, there are so many altcoin that has also a big supply and as usual the price of those altcoins is really low the circulating supply really matters most about it's present price, if they wanted to saw their token in high value then they must burn 50% to 85% of the supply, it is not only about the supply it is also about the demand, prices depend on supply and demand if the demand is high but the supply is also high then the price will never increase at all.
The process is more complicated than this, but when most coins are mined, the mining rate decreases so that the total supply is only replenished to account for lost units. ... When that's the case and demand increases, the price of that underlying asset goes up.
The process is more complicated than this, but when most coins are mined, the mining rate decreases so that the total supply is only replenished to account for lost units. ... When that's the case and demand increases, the price of that underlying asset goes up.
Exactly. You can never expect an hyper-inflated coin to rise in price over time. That simply goes against the fundamentals of economics. People seem to think every "meme" coin is meant to go sky-high, when they've got it all wrong. Dogecoin went to the moon because Elon Musk hyped it across social media platforms. If it wasn't by that, DOGE would've been worthless by now. SHIBA has no popular figure to "shill" it, so $0.01 per token is only a dream. Inflation and lack of real use cases for the mainstream world is what's going to "kill" SHIBA INU in the long run. The same can be said about Dogecoin. But people will never understand what crypto is truly about, since they're blinded by greed. As long as there's money to be made, nothing else matters. Just my opinion
