Popular meme coin Shiba Inu (SHIB) enthusiasts and investors were eagerly waiting for the asset to shed a few zeros from its price and surpass the $1 threshold. However, the meme coin, which gained significant popularity, has been experiencing a consistent decline since reaching its highest value of $0.00008616 in October 2021. SHIB is currently down more than 89 percent from its peak in 2021.
SHIB supporters continue to support the asset despite underperformance in 2022 and 2023. SHIB’s greatest strength lies in its loyal community. An active and resilient community is an indicator that a project’s future expansion prospects are promising.
SHIB’s large supply is seen as the biggest obstacle to its price reaching $1. The project currently has a circulating supply of approximately 589.2 trillion. If the asset reaches $1, the market value of the project will rise to an astronomical $589 trillion, which is extremely unreasonable. In this context, the total market value of Apple and Microsoft, which are among the largest companies in the world, is over 5.7 trillion dollars. It appears that if the current supply of SHIB reaches a value of $1, it will exceed the combined value of Apple and Microsoft by a factor of 100.
Therefore, for the Shiba Inu (SHIB) price to reach $1, there needs to be a significant decrease in its supply. That means 99.999 percent of the project supply must be eliminated.
Additionally, the team is currently developing a new burning method that is said to eliminate trillions of tokens per year through burning. However, even if the new burn mechanism destroys 1 trillion tokens per month, it will take a long time for the project to eliminate 99.999 percent of its supply. Based on this, it does not seem possible for SHIB to reach 1 dollar at the moment, according to experts.
Launchpad
Last Hours to Buy SHIB Alternative Launchpad XYZ
The new cryptocurrency, called Launchpad Because those who purchase Launchpad XYZ tokens use this cryptocurrency; They will be able to use it on a comprehensive platform that provides advantages in various aspects of Web3 such as trading, blockchain games and NFTs.
The pre-sale for Launchpad
The project’s most effective tool is Launchpad Quotient, which evaluates a cryptocurrency or an NFT based on 400 data points and gives it a score indicating its reliability and privacy level. Users have the opportunity to learn about many aspects of a token, such as moving averages, sentiment, and security procedures, before making an investment. This allows users to distinguish between legitimate and fake cryptocurrencies and thus identify the valuable ones.
According to analysts, Launchpad Quotient has the potential to identify the next Pepe before experiencing a sudden increase in value. This makes it a valuable tool, especially in anticipation of an upcoming bull market.
Launchpad XYZ’s Trading Edge feature helps traders make well-informed choices using current news, market insights and sentiment research. Investors can use complementary Launchpad technologies such as a trading engine and a decentralized exchange. All of this is possible by purchasing Launchpad XYZ tokens.
On the other hand, the platform provides exceptional tools for novices to gain expertise on crypto trading concepts and translate them into financial prosperity. By using the Trading Edge platform, individuals can learn about the latest trading strategies used to make profits.
Additionally, Launchpad’s Apollo LLM chatbot provides valuable market insights and data in a personalized manner, which is one of its key benefits. Novice investors may wonder, “Which token exhibits similar potential to Dogecoin?” or “Please inform us about the next Pepe token.” They can easily get information about tokens with significant growth potential, such as:
Preliminary Details on LPX Presale
Unlike other AI currencies with strong growth potential, LPX is in the pre-sale phase, offering early investors the opportunity to make the highest possible profits. Those who want to buy Launchpad Potential buyers can visit the Launchpad
Investors who purchase a certain amount of LPX receive a premium NFT-based pass that provides access to exclusive benefits. This pass provides special privileges such as access to Launchpad’s main Telegram channel, weekly market overview email, and at least 2 LPQ-approved trades.
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