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Shiba Inu

<p><a href="https://cryptoticker.io/en/shiba-inu-news-shibarium-empowers-manny-pacquiao-foundation/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is currently making waves in the crypto market. As of now, SHIB is trading at around $0.0000085, showcasing a dynamic presence in the market. This value represents a slight increase of 1% over the last 24 hours, indicating a resilient performance amidst market fluctuations. While some optimists predict a 10 cents price in the future, others laugh at that idea. Can Shiba Inu price reach 10 cents? Let’s take both sides and analyze.</p>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="1815" height="807" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/SHIBUSD_2023-11-18_17-52-54.png" alt="" class="wp-image-121666"></a>
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  SHIB/USD 1-day chart – <a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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</figure>
<h2 id="h-the-ambitious-journey-to-10-cents">The Ambitious Journey to 10 Cents</h2>
<p>To understand the feasibility of SHIB reaching 10 cents, it’s essential to consider several critical factors:</p>
<ol>
 <li><strong>Market Adoption</strong>: The widespread acceptance and use of SHIB in various sectors are crucial. Increased adoption can significantly contribute to its growth and market stability.</li>
 <li><strong>Burn Rate Impact</strong>: The rate at which SHIB tokens are removed from circulation affects its scarcity and value. An effective burn rate strategy could positively influence its price.</li>
 <li><strong>Overall Market Sentiment</strong>: The general sentiment in the cryptocurrency market, along with investor confidence, plays a vital role. Positive market conditions can propel SHIB towards its ambitious target.</li>
</ol>
<p><strong>However, if Shiba Inu coin price reaches 10 cents, it means that its market capitalization would reach around $59 trillion…which is highly ambitious as a target. </strong></p>
<h2 id="h-1-big-reason-can-shiba-inu-price-reach-10-cents">1 Big Reason: Can Shiba Inu Price Reach 10 Cents?</h2>
<p>It is highly improbable that Shiba Inu (SHIB) will ever reach a valuation of 10 cents per token. To put this into perspective, achieving such a valuation would mean that Shiba Inu’s market capitalization would <strong>surpass the combined GDP of the world’s top five economies</strong>, including the United States, China, Japan, Germany, and India. This scenario is beyond the realms of current economic reality, considering the enormous scale of these economies and the relative market size of cryptocurrencies like Shiba Inu. The sheer amount of capital required for SHIB to reach this level is so vast that it borders on the impossible under current global financial structures and market dynamics.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/city-5772040_1280.jpg" alt="What have cryptocurrency regulations meant for the top 5 cryptocurrencies? Since the first on May 19, negative news from the Chinese government about Bitcoin has been coming in succession. In 2019 Beijing already outlawed cryptocurrency trading to prevent money laundering, although this measure did not stop citizens from continuing to invest in cryptocurrencies. Current regulations in Beijing have put Bitcoin in check. The news we have been able to read in previous days about the restrictions on cryptocurrencies in China have been basically two: On the one hand, China will take energetic measures on Bitcoin mining. Chinese miners represent more than 75% of the Bitcoin mining network. The restrictions are aimed at reducing carbon emissions in the country. These data suggest that the Asian country will no longer be attractive for the development of cryptocurrency mining. On the other hand, several Chinese associations, among which we highlight the China National Internet Finance Association, the China Banking Association and the China Payments and Clearing Association, have warned cryptocurrency investors that given the volatility they represent, they constitute a risk for all investors who could lose their money and have no protection against any loss. They also claim that cryptocurrencies seriously violate the normal economic and financial order. Weekly price drops of the 5 most important cryptocurrencies Since May 17 these are the price drops suffered by the five cryptocurrencies with the largest market capitalization: Bitcoin registers -20% in one week and currently trades at $36,500. Ethereum has suffered -36% in the last week and trades at $2,260. Cardano is down 34% and trades at $1.45 Binance Coin has suffered a 46% drop in price and trades at $289 Dogecoin, Elon Musk's fetish coin has fallen 36% and trades at $0.33 How have other countries acted against cryptocurrencies? Unlike China, the United States has not spoken out against cryptocurrencies. Large financial firms such as Goldman Sachs and JPMorgan are considering including these types of investments among their wealth management options. In addition, we have recently seen the IPO of Coinbase, an exchange for the exchange and trading of cryptoassets. In Europe, the ECB (European Central Bank) has pointed out the risk of cryptocurrencies due to the extreme volatility and high carbon footprint. Although it has also stated that the risk to financial stability was limited due to the low exposure to these digital currencies." class="wp-image-88663" width="708" height="471">
</figure>
<h2 id="h-but-can-shiba-inu-reach-1-cent-still">But Can Shiba Inu reach 1 cent still?</h2>
<p>If, in an extremely hypothetical scenario, Shiba Inu were to reach even a market cap higher than the combined GDP of the world’s largest economies, it would signal a paradigm shift of unprecedented scale in the global economy. Such a development would likely mean that the <strong>US dollar, and potentially other major fiat currencies, have depreciated to a point of having negligible value</strong>.</p>
<p>This would represent a complete overhaul of the current financial system, where traditional economic indicators and values have been drastically altered. However, it’s important to note that this is a highly speculative and unlikely scenario, not grounded in the current economic principles or trends.</p>

1 BIG Reason: Can Shiba Inu Price reach 10 Cents?

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