Will SHIBA INU Ever Hit 1 Cent? MATH EXPLAINED

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@1:42 Why Market Cap is Important
@4:39 Shiba's Market Cap Comparison
@6:24 1st Way Shiba Can Hit 1 Cent
@10:44 2nd Way Shiba Can Hit 1 Cent

*These are not financial advice, it is only for entertainment purposes only. Please do your own research before you invest.**

Hi guys, my name is Mr. Bon and Today i’m going to talk about 2 ways Shiba Inu can hit 1 cent. But before we get started, I need a favor from you guys. My parents have been suffering from a great illness for the past decade or so. It causes them to be unable to see or talk to other people. The technical term of the illness is call the I’m embarrassed of my child syndrome. Common symptoms of the illness is when they talk to you about how successful their friend’s kids are. Severe conditions are when they hallucinate and start seeing and talking to their ancestors about honor, shame, and disgrace to the family. Currently, the only cure for my parents is to get more “Likes” on my videos. So if you can give this video a thumbs up to help out my parents, I would greatly appreciate it.

When you watch most videos that talk about Shiba going to 1 cent, pretty much all of them talk about market cap, and it’s very important, but they don’t say why it’s important and why it’s hard to hit one cent. The market cap is $3.5 billion right now, it’s already gone up 2000x why can’t it go up another 1000x? Well let me explain it in a way that you might understand. Is it hard to ask your wife for $10? Probably not. Is it hard to has her for $100? Ehh it’s okay. Is it hard to ask her for $1000? Yeah that’s pretty hard. Well this is like asking her for 10K. When was the last time anyone here has asked their wife for $10K? Pretty much no one unless you are super rich. So let me tell you why it’s so hard.

A quick run through, market cap is how much all of the Shiba inu coins are worth collectively. To find the market cap, you multiply the amount of coins by it’s price. So currently, it’s worth 395T coins x 0.0000085 equals $3.5B dollars. The reason why the market cap is important is because it cannot go up forever. There is a limit to how high the market cap can go because there’s just not enough money in the world. Some people are saying that it can go up to 1 cent or even 10 cents without fully understanding how much money that is. So let’s take a look at how much that would be.

So now let’s talk about how it can reach 1 cent:

The first way is to burn coins. Currently as far as I know, they are not burning coins. The only way to burn the coins is to send it to a burn wallet and no one is going to voluntarily burn their coins. However, in the future with Shibaswap, they could exchange the shib coins for bone coins and then burn them or some other way of decreasing the supply. Whatever the case, they need to decrease the number of coins in order for the shiba inu to hit 1 cent. Let’s see how much they would need to burn to hit 1 cent. That’s a lot of coins burned. Since there is currently no burns, I can’t give an estimate on how long it would take to burn over 90% of the coins, but I can guarantee you that we won’t get to that level until at least 2023 if they ever decide to do it.

The second way it could hit 1 cent is if the crypto market reaches at least $15T. This is because if they don’t burn coins, then at 1 cent, Shiba Inu will be worth $3.9T. I’m giving it a generous 25% dominance of the crypto market. Which is more than Ethereum’s current dominance. So if you look at the crypto currency chart, it took about 2-3 years and a pandemic for the crypto market to go from $150B to 2 Trillion dollars. Now it needs to go from 1.5 trillion to 15 trillion. I’m guessing it might take another 3-5 years if we don’t have another world wide disaster. So just by the sheer magnitude of a 1 cent market cap, it is unlikely that Shiba will get there in the next year or two.

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