Shiba Inu SHIB has managed to turn many early investors into multimillionaires and, in some rare cases, even billionaires. It has reached an all-time high of 0After 00008616 dollars, Shib's ** took a serious hit. While many believe it's too late to follow SHIB, others believe that there is still a chance to make a fortune with this popular dog-themed meme coin.
SHIB will not reach 0 until 2029$0001 level. Someone's **shib will reach 0The highest level of 0001069893 dollar is more than 980% higher than the current level.
SHIB is expected to break above 0 earlier$0001 level. The SHIB will reach 00001 USD, about three years ago. SHIB will reach its maximum of 0 in 2027000198 dollars, more than 1,900% from current levels**.
The sheer volume of the project is one of the biggest hurdles for SHIB. There are currently about 589 trillion SHIB tokens in circulation. If each token reaches 0$0,001, the market capitalization of the project will increase to $58.9 billion, a tenfold increase from current levels. While this number seems achievable, it is still very huge. Also, if the **target reaches 0.$01, the market capitalization will exceed a trillion dollars. Therefore, one of the main goals of the project should be to reduce the amount of **.
One catalyst for SHIB's rally in 2021 was the mass burn of Ethereum co-founder Vitalik Buterin. Buterin received half of the SHIB** at launch and decided to burn 90% of the tokens he had earned. Buterin's decision drastically reduced Shib's **, resulting in a spike in **.
According to reports, the SHIB team is working on a new burning mechanism, which is rumored to burn trillions of tokens every year. If they can reduce the number of projects by trillions per year, SHIB could hit a new all-time high sooner than expected.
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