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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Can SHIB rise to $1? Look at these below!
$SHIB is very popular now, and many people are asking: can it rise to $1? Let's analyze it!
Why is it said that it's not easy for SHIB to rise to $1? There are too many 1R◯⃣s: There are too many SHIB in circulation now. If it rises to $1, its total value will be higher than the combined value of all cryptocurrencies now.
Token Burning: The good news is that some SHIB tokens will be regularly burned, reducing the circulating supply in the market. If demand increases, the price may rise! 3R◯⃣ Widely Used by Everyone: If SHIB can be widely used for payments or participate in major projects, its value will also increase!
Market situation: The performance of major coins such as Bitcoin and Ethereum will also affect the entire market, including the price of $$SHIB.
Actual situation
Now it seems that the target of 1 USD is a bit far off. However, if the tokens are burned or everyone suddenly falls in love with SHIB, the price may rise a lot all of a sudden. Cryptocurrencies change rapidly, so we must always keep an eye on SHIB!