15 reasons why investors should have faith in Shiba Inu, as many analysts anticipate its price to reach up to $0.01. Insights from an Expert
Members of the Shiba Inu community are hopeful about the future of SHIB, especially after witnessing its remarkable performance last week. It’s worth remembering that Shiba Inu’s price had surged by approximately 300% to $0.000045 just last week.
15 reasons to believe in Shiba Inu:
During this time, a prominent figure in the Shiba Inu community, Loola, recently highlighted 15 reasons why investors should have confidence in the token’s future prospects.
Shiba Inu’s recognition in Hong Kong:
Pundit emphasized the significance of Shiba Inu’s inclusion in the Hang Seng Index. It’s noteworthy that Shiba Inu was added to the index in June 2023, along with 29 other cryptocurrencies.
This step was crucial in providing investors with an appropriate method to assess the performance of virtual assets and associated risks. Notably, Loola suggested that Shiba Inu’s listing in the index was substantial, given Hong Kong’s status as a significant financial center in Asia.
It was emphasized that the Chinese regulatory crackdown on Bitcoin exchange-traded funds (ETFs) is underway, which could boost demand for cryptocurrencies like Shiba Inu.
Shiba Inu’s relationship with Robinhood:
Furthermore, it was noted that Shiba Inu’s listing on Robinhood is a significant reason for investors to trust the token. It was speculated that Robinhood initiated the recent bull run due to traditional finance investors shifting some of their funds into cryptocurrencies on the platform.
According to pundit, this move indicates that Robinhood does not support pump and dump tokens. Apart from listing Shiba Inu, it was claimed that Robinhood holds more than 20 trillion SHIB tokens, indicating strong support from institutional investors such as BlackRock and Fidelity.
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Shiba Inu lacks security:
According to Loola, Shiba Inu cannot be labeled as secure since the token does not fulfill rigorous testing standards. It was noted that Shiba Inu’s inception was not profit-driven, and cloud mining is not included in the token’s fundamental agreements.
100% decentralization:
Loola also stated that Shiba Inu is 100% decentralized on the Ethereum network. Additionally, it was mentioned that SHIB features multi-chain capabilities, confidential computing, and SaaS integration.
Listed on multiple centralized exchanges:
Moreover, it was noted that Shiba Inu is currently listed on over 90 centralized trading platforms and decentralized exchanges (DEXs) worldwide. Notable platforms include Binance, Kraken, and KuCoin.
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Interoperability:
Furthermore, it was highlighted that Shiba Inu is interoperable with various centralized exchanges, allowing users to utilize SHIB for transactions similar to Mastercard and Visa.
Shiba Inu’s unique alias like Buttcoin:
Loola mentioned that Shiba Inu was created with a distinctive alias like ShibaSwap, akin to how Satoshi Nakamoto created Bitcoin.
All SHIB tokens are in circulation:
For the eighth reason, it was stated that Shiba Inu does not have any locked-up tokens anywhere. Currently, all SHIB tokens are in circulation, making it challenging for anyone to manipulate or control the market dynamics.
It is essential to note that Shiba Inu has a total supply of 1 quadrillion tokens. Over 410 trillion tokens have been burned, leaving approximately 589 trillion SHIB tokens in circulation.
Shiba Inu’s correlation with Buttcoin:
Moreover, it was suggested that Shiba Inu is correlated with Buttcoin, as its value tends to move alongside Bitcoin.
“If BTC rises, we are moving up until the wheel is not sold,” it was said.
Active community:
It was further stated that Shiba Inu’s superpower lies in its active community, known as the Shiba Army. Community members are fully committed to Shiba Inu and are actively promoting the token to attract new investors.
Market capitalization:
When pundit assumed the role, Shiba Inu boasted a $20 billion market capitalization, approximately 50% lower than the record $45 billion reached in 2021.
Shiba Inu’s volatility characteristic:
According to Loola, another reason for people to have faith in Shiba Inu is its volatility. It was further stated that it competes with established cryptocurrencies through continuous burning, global demand, and increased adoption.
Since its introduction in August 2020, Shiba Inu’s tokens have experienced a significant surge. According to the latest statistics, over 410.72 trillion tokens have been burned.
Robustness and tolerance:
It was emphasized that Shiba Inu was designed for small investors, ensuring that anyone can acquire Shiba Inu, regardless of whether the token’s price reaches the expected $0.01 mark or not.
Also Read: Shiba Inu Coin Price Prediction: Technical Analyses
Maximum security:
It was mentioned that investments should have 14 valid reasons.
Shiba Inu believes that as an ERC-20 token, it can easily meet all security requirements.
Interoperability:
Lastly, it was stated that Shiba Inu is inherently interoperable and can work with each other, operating on both public and private networks.
Also Read: Shiba Inu Coin Price Prediction: Technical Analyses
With efforts to increase investor confidence, it is important to note that achieving the anticipated $0.01 target for tokens like Shiba Inu will require a long journey, given the significant supply of tokens in circulation.
However, with tokens being burned daily, Shiba Inu could quickly surpass the $0.01 mark.
