In a span of 15 months, Shiba Inu recorded a whopping 17,300,000% growth. Currently, Shiba Inu is positioned at the 15th position with a market capitalization of US$13.83 billion.
To reach a US$100 billion market cap, SHIB has to soar more than 8x in the next three years. However,
if we compare the history and previous growth of the Dogecoin competitor, this might seem simple. Unfortunately, experts opine that Shiba Inu going on another price rally is heavily unlikely.
But the Shiba Inu community is trying its best to make the cryptocurrency gain value. They are coming up with burning solutions to create supply-demand, which could eventually drive the token’s price.
To begin with, critics say that Shiba Inu doesn’t have any real value and the current growth it enjoys is purely due to speculations.
The October price rally was triggered by rumors that SHIB will be listed on the Robinhood platform.
On the other hand, the Shib Army is engaging in the burning process, which is not giving the result they expect.
Despite destroying tokens in large numbers, the demand is still falling at a potentially higher rate. The singularity in SHIB is extremely lacking.
For example, it was reported that Shiba Inu’s developers are ready to wait for ETH’s planned upgrade to resolve the fundamental challenges.
Besides, owing to the reduction in buying and trading of the SHIB tokens, the cryptocurrency is gradually losing its popularity and face.
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