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The total value of all coins and tokens in circulation fell to $821 billion, down from a record high of $3 trillion. ... with the remainder worth $1 each. Shiba Inu's market cap would still be $18 ...
But total value locked (TVL) for Shiba Inu is a microscopically small $1.89 million. That ranks #143 among all blockchains and tells me that the "utility" thesis for Shiba Inu is still very weak.
Image source: Getty Images. Shiba Inu could reach $1, but the end result might surprise investors. To justify a price of $1 per token, 99.99998% of all tokens would have to be burned.
If Shiba Inu actually reaches $0.01, its market cap would nearly hit $5.9 trillion -- compared to a combined market cap of $2.3 trillion for the entire crypto market today. And according to Shiba ...
Will shiba inu reach 1 cent? While one cent is closer to feasibility than $1, it would still be an incredibly unlikely level of growth. At one cent, the coin's market cap would be $5.5 trillion.
A move to $1 doesn't mean Shiba Inu investors will actually make money. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
Shiba Inu delivered a gain in 2021 that puts even Nvidia to shame, but will history repeat itself?
Therefore, I believe Shiba Inu is a poor place to park one's hard-earned savings. So, it's not a surprise that I don't think there's a chance that a $100 investment could one day turn into a $1 ...