Quote from: Abiky on September 24, 2024, 12:57:06 AM

Quote from: Ludmilla_rose1995 on September 22, 2024, 06:32:45 PM

With the circulation of shiba inu exceeding billions of coins, reaching $1/shiba is impossible, but there are several ways for shiba inu to reach $1, namely by burning 70% of its token circulation and then working with influencers to shilling shiba inu. If these two things can be achieved, then shiba inu has great potential to reach $1 per token.

What if the USD goes through "hyperinflation" in the future? We can't ignore this possibility. Especially when the US national debt keeps rising at an alarming rate. Soon, worthless "meme" coins like SHIBA and DOGE will go past $1. But for what use? By the time that happens, prices for goods and/or services will be 10x higher than that. So you will basically have nothing. Even though it'll feel like you have something.

People are too greedy to realize "meme" coins aren't worth the long-term investment. They get into them out of excitement (hype). Shiba Inu was created after Dogecoin's surge in price a few years ago (2021 to be exact). I don't think it will be as successful as the original project. It's only been 3 years since SHIBA's inception, and people are now focused on other "meme" coins (particularly those living on the Solana blockchain). It won't be long before Shiba Inu fades away into oblivion. Why not choose Bitcoin instead? Cheesy

I don't even think in a world of hyperinflation to the US dollar would we ever see a $1 shib price. If US dollar got that put of control the world economy would suffer and drag everything down with it. People wouldn't be sinking theor devaluing dollars in things like shib, maybe bitcoin but not shib. Too many coins now for everything to pop like that.