created as a joke the shiba inu token is now showing positive momentum in the crypto market even though other major altcoins are falling shiba inu has attracted a lot of attention lately and has become a popular investment option due to its hike in performance and volatile price movement ever since the hype around the shiba inu token gathered pace on social media one question that popped up in every investor's mind was when will shiba inu hit one cent and what can we expect from shiba inu in the next five years these questions will be answered today also we will analyze if investing in shiba e new coin now can make you a millionaire in next coming years so stick to the end because today's video is full of major updates also we're giving away 200 at the end of the month to our two random subscribers to start them on their crypto journey to enter all you need to do is like the video subscribe and comment on your favorite crypto coin in the comment section down below so without further ado let's get started shiba inu has crossed eight hundred thousand active holders today which is great news for such a small meme coin shiba e new coin created in august 2020 is a cryptocurrency developed by a person or group named ryoshi as people who are into dogecoin will know the shiba inu dog is the official logo of dogecoin this is where the shiba inu token got its inspiration at present nobody knows who developed and launched shiba inu or what is its purpose but what about its practicality according to coinbase there is one quadrillion shiba inu coins in circulation as the coin was designed to be intentionally abundant the shiba inu platform supports numerous projects such as nft and decentralized exchanges this was further accomplished with the launch of shiba swap shiba inu's own decentralized exchange further developers are coming with their own nft along with more pairs of coins thus shiba inu does have some practical use cases and serves as much more than an asset designed for speculation it was may 2021 when shiba inu hit the crypto market under the trading symbol she the price hiked tremendous growth of 403 percent in just 24 hours which is enough to show the potential of this crypto many people say that shiba inu has no use case and is just a meme coin but the fact is that the shiba inu cryptocurrency is much more than a meme cohen in fact it has various use cases that can be of benefit going forward but the question arises is it possible for sheep to hit one cent how holding 100 million shiba inu coins can make you a millionaire everyone is familiar with how shiba inu made hundreds of millionaires overnight in the first quarter of 2021 even today many of us are sitting on three to four times profits if you still thinking to get some sheep and make a profit out of it then this could be the next opportunity it is not a joke that shiba inu is being most discussed cryptocurrency on twitter surpassing bitcoin ethereum and dogecoin dogecoin hodlers are selling doge to hold more of shiba inu shiba inu also reserved its appearance on u.s national news channels like cnn and is a hot topic lately why does shiba inu have the potential to make millionaires you must have heard that sheep can never hit one cent due to its large token supply and it is true but what if this supply can be controlled that is what exactly is happening now and is planned to speed up soon for now even the whole world's economy cannot help shiba inu to hit the 1 cent price mark due to its 1 quadrillion massive token supply so what exactly is this token burn is token burn is a process of sending the token to a dead wallet address so that no one can use it in order to kick that out of the circulating supply how tokenburn can help shiba inu to raise its price as we all know price depends on supply and demand if we decrease the supply demand will increase and so the price burning tokens or removing them from circulating supply will create coin or token scarcity which will further help shiba inu to gain price hike how much does 100 million sheep token costs and how this can make you millionaire consider this situation if you want to buy 100 million shiba inu coins now it will cost you around six thousand seven hundred dollars the price for same amount of sheep tokens was seventeen hundred dollars just two weeks back as the crypto market is recovering in shiba inu showing exponential growth in this last quarter of 2021 with a few upcoming catalysts like tokenburn shiboshi's nft gaming and robinhood listing if the price hits even one cent then you will wake up being a millionaire interesting right but does the shiba inu coin have the potential to hit the one cent mark last year shiba inu was nearly worthless at the beginning of august 2020 and until march 2021 just 100 could buy you more than 100 million shiba inu coins at that time we all know that sheep turned a few people into billionaires in just those two months others have made tens of thousands of dollars in a short amount of time so if you had put any money into sheep before april 2021 you would have had a return of more than ten thousand percent by now let's discuss some major factors and positive catalysts that can help this meme coin to hit one cent the biggest hurdle that is stopping shiba inu to hit one cent price tag is its massive token supply developers are working continuously to reduce the token supply of shiba inu coin recently shaitoshi kusama lead developer of shiba inu ecosystem announced the plans of token burning in this ending year so according to shaitoshi partnership with change now and now payments is a great example of a large implemented burn three percent of the profit now payments gets from all sheep transactions will be burnt the burn will occur at the end of november further shibushi's nfts are all set to burn one million dollars worth of sheep tokens and this burning process has already been started which can be tracked in stats of ether scan next he gave confirmation of shiboshi's nft game just like axi infinity on which shiba inu developers are working on he said i couldn't be more excited to get our shiboshi game started if you don't have a shiba she don't worry there will be other ways to get game pieces in the near future the next but not the least positive catalyst is robin hood listing experts predicted that robin hood listing can help shiba inu to cut few zeros out of its price as this listing will give massive exposure to robinhood stocks and crypto investors however robinhood is going to reveal its crypto wallet and asked everyone to nominate their coins through their tweet sheba enu's name was also given by shiba inu official twitter handle this is interesting to note that robinhood also acknowledged the request of many crypto tokens and a response hint from robinhood on its twitter post where robinhood has shown the mascot of shiba inu in their preview post we can expect the listing of shiba inu on robinhood anytime so hold tight because if this happens it will give more exposure to crypto traders resulting in a massive price pump with the increase in demand but is it worth expecting to invest a few dollars in shiba inu well people are buying bitcoin for thousands of dollars expecting it to hit one million dollars so considering that we believe investing a few hundred dollars in shiba inu coin is worth investing even if it cuts a few zeros out of its price what are your views about this and how many sheep coins do you hold in your portfolio let us know in the comments section below with this we have come to the end of the video thank you for watching if you enjoyed it please give this video a huge thumbs up subscribe to the channel let us know in the comments your views on the shiba inu token and make sure to turn on the post notifications to get notified every time we post a new video before ending this kindly note that prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered as financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] [Music] [Music] so [Music]

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