the crypto market is recovering and everyone is bullish on shiba inu today one shiba inu token is worth celeste that 100 million tokens will cost you less than 800 but does she has potential to make you a millionaire out of it this question will be answered today and we will also discuss the major catalysts coming that can help the shiba inu coin to hit the one cent mark so stick around for that because today's video will be full of major updates also we're giving away 200 at the end of the month to our one random subscriber to start them on their crypto journey to enter all you need to do is like the video subscribe and comment your favorite crypto coin in the comments section down below so without further ado let's dive into the topic quickly discussing the current price today one shiba inu coin is worth 0.00079 usd with a 24-hour trading volume of approximately 360 million united states dollars shiba inu is down 0.75 percent in the last 24 hours ever since the cryptocurrency market crashed the shiba inu coin has been gaining a lot of global attention lately it has come a long way since its inception in 2021.

The highly volatile crypto market is showcasing way too much momentum for the shiba inu which is a good sign for the risk taker because the advancement of the token is deemed to be greater however as a matter of fact the coin is bound to come down after exponential growth on the bright side as the crypto market is recovering stable growth can be expected from this coin or we can say it will be a constant bull run therefore this is the perfect time to enter the sheba community to optimize your investment but why is 100 million coins enough to make you a millionaire consider this scenario if you invest 800 now you will get around 100 million shiba inu coins in your wallet as the crypto market is recovering and with few upcoming catalysts if the price hits even one cent then you will wake up being a millionaire interesting right but does shiba inu coin have the potential to hit the one cent mark let's discuss some major catalysts that can help this meme coin to hit one cent to understand this all we need to understand history in existence of shiba inu the erc20 based shiba inu will certainly be a very good investment for those who have been with the coins since it was listed branded as the dogecoin killer this cryptocurrency aims at jumping over dogecoin without even crossing the one dollar mark however in the manner in which it has been developing this aim seems to be a very small goal for them as we all know shiba inu came up with over one quadrillion tokens which was considered to be a very bad choice for the growth of a cryptocurrency with such a huge supply it was presumed that the coin would not be able to reach the higher price brackets as it was no longer a rare product unlike bitcoin that has a very limited supply a huge portion of the total supply was gifted to their benefactor vitalik buterin which was then used by him for various purposes from the amount of money that vitalik received he donated the majority of it to the india coveted relief fund this also became one of the major reasons why the shiba inu community kept on expanding a huge number of people started moving into the cryptocurrency shortly after vitalik buterin made his move the majority among them were the youngsters as they got inspired by the noble cause that this cryptocurrency has it will not be wrong to say that shiba inu has been on the path of dogecoin comparing their histories it will be found that dogecoin has been helping various communities in the past as well the shiba inu has become the cryptocurrency market's flavor of the season attracting a lot of attention and establishing itself is a popular choice among investors particularly in the wake of a bear market in cryptos like bitcoin and ethereum the shiba e-nu meme coin is the newest meme coin to catch the attention of blockchain investors many people think this token is a ripoff of dogecoin because it is based on the famous shiba inu in addition both projects were made in a lighthearted manner everyone is familiar with its elder token dogecoin which made thousands of millionaires if you missed out on doge then sheba is another crypto opportunity presenting itself why does shiba inu have the potential to make millionaires let's proceed and have a look at major factors in upcoming catalysts that look promising to drive sheep to be the next millionaire maker coin in the market shiba inu token burn we all know for shiba inu to hit one cent burn of coins in supply is a must shiba inu can never hit the one cent or one dollar mark with no coin burn it is because of the huge number of token supply the shiba inu coin rose by a staggering 18.8 percent in value over the weekend the massive spike came after the coins mysterious developers announced a coin burn which means tokens are taken out of circulation permanently this jacked up the price of shiba inu are sheep as it is known on the cryptocurrency exchange because there will be less supply and more demand for the coin second major factor is launch of shiba swap excitement in the shiba inu community is on hype with the release of shiba swap a newly created swap interface for token holders to utilize where they can hold stake or bury their tokens an unbelievable value of 1.5 billion dollars has already been locked in the shiba swap till now this looks promising and can prove as a positive catalyst to gain profits further it has been added to many popular cryptocurrency trading platforms like with xerix okex binance huobi global and ftx last month along with the boost in price its popularity also increased among crypto investors making it a significant investment option and reason why it is one of the top most searched cryptocurrency in the united states china which is also known to be a hotbed for cryptocurrency trading and mining one significant factor for the uptrend of sheba coin is that many chinese crypto influencers and investors are interested in this mean cryptocurrency different chinese influencers and crypto enthusiasts are pushing the sheep token on various platforms boosting its price in the market this year the shiba inu coin has increased by a whopping 2 million percent the shiba inu token was created in august 2020 but it has recently soared to extreme highs riding on the popularity of the dogecoin which has been championed by elon musk many investors have been on the lookout for the next big coin for the record the shiba inu token was listed on the third largest crypto market exchange platform coinbase after a petition went viral requesting the platform to take in the sheba enu token before moving to the possibility of sheep to hit one cent let's quickly discuss how massive 260 billion tokens were hacked recently and how it affected the shiba inu price the largest defy hack on pali network happened on august 11 hackers stole over 600 million dollars in crypto funds the attacker took ethereum and binance smart chain tokens including two million dollars worth of sheep ahead of the hack sheep price was rallying and the event has not yet affected the shiba inu themed crypto's price negatively in a single transaction on the ethereum blockchain hackers took over 259.73 billion sheep tokens pali network flagged the wallet addresses where the hacked tokens were deposited and a history of transactions revealed detailed information we will discuss this in depth in the next coming video and let's get to the main question everyone has been asking us can she hit one cent or one dollar if yes when since january the coin has jumped about 2 million every month so it could only in theory hit one dollar by the end of 2021 only if it continues on its initial growth trajectory which was predicted by market realist but we all know this is impossible after the recent crypto crash so it is quite impossible for sheb to hit the one cent mark due to its massive token supply of four quadrillion dollars as we know half of the supply was burnt by creator ryoshi but still hitting the one cent mark is very unlikely so will she never hit one cent no it's not like that it can but for that we need a massive token burn in near future to make this happen shiba inu developers are working to introduce something that can create scarcity of the token itself as we know shiba swap is live now and it burns a small percentage of every transaction not only this a recent tweet of shaitoshi also confirmed the auto burn of shiba inu to reduce the token supply hence a near future supply will reduce and so price will definitely increase in conclusion we can say it is not possible now but it is possible to hit one cent very soon according to the sun the currency has not shown as much growth if we compare it to the dogecoin and appears to have been made as a way to give dogecoin a run for its money on the other hand dogecoin is highly likely to reach one dollar but as the currency is moving recently it seems the coin is expected to become a stable coin as per expert's predictions the sheba coin could rise up to 3 000 by the end of this year therefore considering all the factors in strong community support there is no doubt at all that shiba inu could be the next millionaire maker coin for investors how was today's video guys thanks a ton for watching it let us know how you liked it in the comments section also don't forget to subscribe to our channel and stay tuned as we bring more intriguing content to your screens till then stay tuned and stay healthy 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] so [Applause] [Music] you

You May Also Like