Ⅰ Musk said that shib can rise to a dollar
No. SHIB: An experiment in decentralized community building, it is another meme token similar to Dogecoin. SHIB, the native token of SHIBA INU, will be the first token to be listed on the decentralized exchange ShibaSwap and used for incentives.
1. Shibalun, the English meaning of Shibalun in Japan, the issuing team claimed that they had conducted an experiment of decentralized spontaneous community construction. The circulation of Shibalun was 1000 trillion, of which 50% was transferred to Ethereum The founder, known as Vitalik Ketlin, does not participate in the circulation, and the other 50% is put into the decentralized exchange, Uniswap’s capital trading pool. The team does not hold any tokens and gives up the management right. That is to say, anyone who wants to get Shiba Inu Coin needs to buy it through Uniswap, including the founding team members, who want to see if a completely fair sale from scratch can build a strong community and consensus through community culture. Myth opens.
2. From the launch in August 2020 to January 30, 2021, the currency price is almost 0, the currency price on January 30 is 8 zeros and 14 after the decimal point, and the currency price reaches the highest point after the decimal point on May 10 4 zeros and 37, which has increased by more than 26,000 times in just three months. At present, this experiment is a success, proving that a completely fair trading environment and community promotion can establish a certain consensus.
3. There are three main development directions in the ecology of the Shiba Inu project. This is a lightweight decentralized exchange based on Ethereum. The exchange will focus on the team’s three tokens, Shiba Inu Coin Dog Rope and Bones, the twentieth artist incubator, invites artists to join the Shiba Inu community and explore how to bring their unique status in real life to the NFT market, NFT is a non-fungible token, which means to digitize the artworks created by these artists, Make a unique token or token, which can be traded. The third is charity. Through Amazon’s charity organization, Amazon Smile rescues Shiba Inu in real life. In general, the goal of the Shiba Inu project is very clear. Drive consensus and try to combine with hot sectors such as DeFiNFT to build an ecosystem.
Ⅱ “Will SHIB be the next Dogecoin?” Hot discussion, is SHIB also a virtual digital currency?
SHIB The explosion also shocked everyone. He is also targeting the next Dogecoin, and it is also a virtual digital currency, but this digital currency is not regulated in China, and it is also There is no threshold, so it is possible to return to zero at any time. We must be cautious when investing.
Three, join the physical industry
We also believe that more and more people will promote this matter. In fact, at this stage, the current stage is a bull market for Bitcoin. As for whether SHIB will become the next Dogecoin, it is still very imaginative. We also hope that more and more people can actively invest in the real industry, because we all know that if a country wants to develop, the real industry must bear the brunt. I hope everyone can cherish their hard-earned money, To safeguard the revitalization of our motherland.
Ⅲ SHIB Future Prospects
First, Shiba Inu (SHIB) can easily become the most popular new cryptocurrency. Many investors nicknamed the “Dogecoin Killer” wondered if the Shiba coin would eventually be worth a penny or even a dollar. So, can the Shiba Inu coin reach a cent or a dollar?
2. When Shiba Inu Coin (SHIB) was first launched in August last year, it functioned like a clone of Dogecoin. Contrary to Dogecoin’s mascot, the Japanese Shiba Inu breed is the name of the SHIB. While SHIB is not yet on a par with Dogecoin, which is heavily backed by Elon Musk, SHIB has more or less maintained a significant presence in the market. SHIB managed to break into the top 20 altcoins in a short period of time that was gradually budding.
Three, as the largest cryptocurrency exchange Binance is listed, its growth may be obvious. Although SHIB is priced at less than a cent, it has gained more than $3.4 billion in momentum since its launch. This is a vital sign that the foundation of SHIB is strong and strong. It proposes that SHIB has the only goal of reaching $1. In addition to investors being hopeful and pragmatic about this, analysts have suggested that the price of SHIB will double significantly soon.
1. The all-time high price of SHIB is $0.000037. The initial price of SHIB is $0.0000000000001, and it has risen ten million times. News that Shiba Inucoin is developing its own new decentralized exchange is circulating in the market. Most of these DEXs are now enjoying great success in the decentralized finance DeFi market. If Shiba Inu’s decentralized exchange can be compared to other trading platforms like UniswapThe same goes for even a little bit of success, which will bring SHIB to its $1 target. If traders continue to invest, the Shiba Inu coin’s valuation will continue to increase.
Two, however, the Shiba Token (SHIB) has a long way to go before it is worth a cent or a dollar, so this is unlikely to happen anytime soon. Cryptocurrencies are a volatile market that can experience massive swings in either direction multiple times a day. Therefore, it is difficult to predict the future of any emerging cryptocurrency with a high degree of accuracy. For comparison’s sake, it took DOGE nearly a decade to reach a 1-cent valuation. If the hype around SHIB doesn’t die down, it could hit the milestone in less time, but there’s no guarantee. Shib token needs to climb 12,000,000% to reach $1. Since January, the coin has gained around 2,000,000% per month.
Three. So, if it maintains this growth, it could theoretically hit $1 by the end of 2021, according to Market Realist. Part of the reason for Shiba Tokens’ current popularity is Elon Musk’s appearance on Saturday Night Live. This is fresh in the current zeitgeist, but will likely go away once it’s all blown through SHIB. At the time of writing, SHIB is up for the week (+1,443%) but down compared to yesterday (-11.62%). However, this is not an omen of doom, and Shiba Inu coins are not infallible, even at their peak in popularity.
Can IV shib become a mainstream currency in the next three years?
No.
It should be noted that shib has no core consensus, not even the underlying construction fund pool, loan, database, exchange mechanism, etc. of the basic cryptocurrency. It is only based on the Ethereum chain. A kind of token, this kind of currency can only be short-lived, and everyone still needs to be cautious when investing.
SHIB is also known as DOGECOIN KILLER (Dogecoin Killer).
From the perspective of the token mechanism, unlike Dogecoin, SHIB has an issuance cap and a destruction mechanism. SHIB is issued based on Ethereum, and will be launched on ShibaSwap at the end of April. Compared with Dogecoin, which can only be used in application scenarios such as Twitter and Reddit rewards, SHIB can be better applied to the blockchain ecosystem of Ethereum. However, the launch time of SHIB is short, and the circulation is not sufficient, and it still needs time to test.
IV shib plummets, how risky is the purchase of virtual currency
shib plummets, the risk of buying virtual currency is very large.
1. There is no limit on the rise and fall of virtual currency, and the position may be liquidated in one day;
2. The virtual currency has not been recognized by any country, which is a huge political risk;
3. Tesla’s cessation of bitcoin payments caused other virtual currencies to plummet, making bitcoin’s value questionable again.
Virtual currency has gradually entered everyone’s attention, from disapproval to questioning to acceptance by some people, and now it is no surprise that the virtual currency rose or fell sharply for many people. How much feeling, because many people have seen more such scenes. The shib plummets, and the risk of buying virtual currency is very high, because virtual currency does not have any limit on the rise and fall, which leads to the fact that virtual currency can be liquidated in one day. This risk is unacceptable for many people; virtual currency has not received any country. This is a huge political risk; the most important thing is that Tesla, which previously supported bitcoin payment, has stopped bitcoin payment, which has caused the value of virtual currency to plummet, which is also a huge risk.
Third, Tesla stopped bitcoin payments, leading to questioning the value of virtual currency again
Tesla’s Musk should be the most optimistic about bitcoin One of the people, because of Musk’s platform, more people see the charm of virtual currency, but Tesla’s suspension of bitcoin payment has called the value of bitcoin into question, which is also the reason why virtual currency has plummeted.
Ⅵ What is the SHIB coin? Does the project have a destruction mechanism?
SHIB is an experiment in the construction of a decentralized and spontaneous community. There is no destruction mechanism for shib, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will become less and less, and the project party believes that shib has a chance to reach 0.1 US dollars. of.
Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.
As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the top cryptocurrency in the world.
Development history
In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.
On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk then responded: “ILooking for a Shiba Inu (coin)! ”
As of May 9, 2021, Shiba Inu coin has skyrocketed by nearly 1,200% in one day.
On May 10, 2021, according to foreign media reports, after Dogecoin The virtual currency Shiba Inu coin has come into people’s field of vision. In just 2 days, Shiba Inu coin has gone from a cheap altcoin to the world’s No. 1 cryptocurrency.
May 13, 2021 V God to India New Corona Virus The relief fund donated 50 trillion SHIB tokens (about 1.2 billion US dollars).
On May 17, 2021, Ethereum founder Buterin Butterfly destroyed 45% of Shiba Inu SHIB tokens.
VII What is shib going to zero
shib going to zero refers to the zero-going action of the SHIB community.
SHIB (Shib Inu)—commonly known in China: shit coins, constantly Occupying the hot list of the currency circle, and even Weibo and Douyin outside the circle are reporting on SHIB, the popularity naturally needs no words.
The slogan of the SHIB community: EAT ZERO—that is, go to zero.
SHIB’s founder Ryoshi has always been fascinated by the creation of decentralized communities, and hopes to form a pure non-centralized organization like dogs and bitcoins. He hopes to guide and create a decentralized organization through technical means. Centralized project, and everything starts from zero (All From ZERO).
Everything here starts from 0, including SHIB’s from 0, and the community’s from 0, and everything must start from 0 At the beginning, it means that after the birth of SHIB, there is no shutdown with the founding team. The team also starts from 0 to 0, and the subsequent development is completely decentralized.
How SHIB does it All From ZERO?
1. The capital investment of the founder Ryoshi and his team in the SHIB project is: 0.
2. Except for Vitalik, everyone wants to hold SHIB It can only be obtained from the market.
The founder Ryoshi and his team are equal to all beings. If you want to get the shit coin SHIB, you have to buy it from the market. Therefore, there is no such thing as the founder Ryoshi’s coin, nor This is the currency of the project party or management, and 0 reserved and 0 private placement.
3. The community starts from 0.
SHIB does not have an official team, and the team on the market They are just volunteers or promoters, and no one has paid the exchange to list SHIB.
On April 17, more than 10 exchanges at home and abroad rushed to list the new shitcoin SHIB. , such a popular project is still alive and well.
Ⅷ What is SHIB
The full English name of SHIB coin is SHIBA INU, and the release date is February 1, 2021 , the total supply is 100000000000000SHIB , there is no inflation and deflation plan yet, log in to Huobi Trading. Shib is an experiment in decentralized spontaneous community building. After its initial inception, a leadership group was formed by prominent figures in the telegraph world. The purpose of this group is to assign skills within the community to appropriate roles in Shibs development and to agree on Shibs future decisions. Anyone who has the skills or time they can contribute to Shib will be invited to help develop and advance Shib. This group has so far been responsible for logo creation, social media presence, marketing and website development. The Shib community is at the heart of this project and will continue to grow and expand.
IX Prospects and future of digital currency
The prospect and future of digital currency are very broad and bright. The development of legal digital currency has three advantages: first, it can save costs, prevent counterfeit currency, and strengthen the inclusiveness of the payment system; second, it can grasp the structural currency circulation data in real time, and then can particularly accurately regulate the total amount of money supply. ; Third, the information of capital flow can be tracked throughout the process, which is beneficial to anti-corruption, anti-money laundering, anti-terrorist financing, anti-tax evasion and so on. “Digital currency has ushered in great changes in technology and markets. At present, there are many blockchain systems that cannot be called digital currency systems because they have no transactional or regulatory nature. Cai Weide said that only the payment and Only by separating settlement can real industrialization be realized. In the future, a digital currency settlement system that conforms to modern laws and regulations and the principles of modern financial transactions will lead the reform of the entire financial system starting from payment, thereby driving reforms in other fields.
The surge of X shib has attracted the attention of netizens, why is virtual currency so expensive
In the process of global development, virtual currency has been paid more and more attention by more and more people, and There are also more and more people who want to invest in virtual currencies such as virtual currencies, which may have higher value, and can also affect our lives.
There are many virtual currencies that can be purchased through a series of The operation of shib has led to an increase in its own price, and it can also be invested by more people. These virtual currencies are actually valuable items. The surge of shib has attracted the attention of netizens. Why is virtual currency so expensive? I think the main There are three reasons:
1. Virtual currency is maliciously hyped by some people.
Actually, the reason why virtual currency is so expensive is because virtual currency will be used by some people malicious hype��, because some people want to get more income by hyping virtual currency, and they also want to get more money by hyping virtual currency. In this case, the price of virtual currency will become more and more expensive, which will lead to a cycle. As long as the price of virtual currency becomes more and more expensive, more and more people will invest, which will lead to virtual currency. value rises.
This is my opinion.
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