But the transaction or everything happened on the decentralized zone can be burn so this could be a easy solution for the shiba inu to implement as well. And swap is the one of the best things to burn the coin while doing this transaction and receiving the benefit about so actually no one is really going to lose.
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So, they must have come up with some idea about how to burn the coin. In this scenario, i’m thinking about when shiba inu launch their shibaswap, they will have something about transition going on and the coin will be burning about. Third scenario: realistically how high can shiba inu coin reach Let’s assume they have the same market cap as a right now so if shiba inu burn down the 99 percent of their current supply the the total supply will come down to almost 4 trillion and the current uh the then the price impact would go at least to $0.0007 which is not even close to the one cent this is like $0.001 one let’s assume the coin burning is not going to help shiba inu price. So, i would say let’s assume they will be burning some coin in a day to come if shiba inu have to burn the coin to reach 0.01.
In some sense maybe they will never but the market trend and strategy changes depend on the the market. Scenario number two, coin burning by the way there is no such a things written in this shiba inu by far they are going to burn the coin. So this is just a calculation based on the information we have around and this is kind of hypothetically it is almost impossible i would say but maybe i’m wrong let’s see we don’t know about cryptocurrency. Current market of bitcoin is 613 billion, so it has to go more than six times then the current bitcoin value is. If shiba inu coin has to reach one cent based on the current market supply, it has to raise almost 4 trillion of the market cap value. So, with that let’s find out with the current situation without decreasing the total supply of the shiba inu token coin if shiba inu token coin has to reach the 1 cent the market cap of the shiba inu has to increase by 1400 times. First scenario : with same number of coins supply
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which is zero point five zeros and seven one six eight if you remove the last few digits it’s the same so let’s start with the base this is the base price i’m going to rely on if the data changes the time when you are reading this post or watching the video you should update the similar data based on the market value. So, this is the current situation right now : current shiba inu price = market cap divided / total supply. We have a shiba inu this is the market caps and total supply, which give us the current price based on this market cap divided by total supply. Shiba Inu current market cap: $2829711505.
Jun 9, 2021) we have this data from Shiba inu: Right now (at the time of this video and post i.e. It’s hard to say when will Shiba inu will reach 1 cent but we will find out how can shiba you can reach 1 cent if it will ever reach $0.001 cent.
So, based on these two different kind of aspects i’m going to present four different kind of scenarios. The other scenario is going down on the total supply. So, simple rule of Shiba Inu reaching our one cent is: that three different scenario so increasing in the shiba inu price will increase the market cap for the shiba inu.