What is the future prospect of SHIB currency?

① Can 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.

② What is the difference between virtual currency and digital currency? What is the outlook for the next ten years?

Digital currency
Digital currency is different from virtual currency, not bitcoin Nor is it Q coins! That is to say, it is different from virtual currencies such as Bitcoin and Ethereum.
Virtual currency can only be circulated closed in the network, just like Tencent’s Q coin and the coins on the Huixin Cloud Software Collaborative Industry Ecological Chain Platform, they can only be used for one kind of use of their own products. Digital currency can be used for real goods and services transactions, but only digital currency issued by the state is legal digital currency, and bitcoin is not legal digital currency. For legal digital currency, there is currently no unified international definition. Yao Qian, deputy director of the Science and Technology Department of the Central Bank and head of the preparatory team of the Digital Currency Research Institute, believes that the digital currency researched and issued by the central bank refers to the digital renminbi, which is a legal encrypted digital currency from the perspective of various countries’ plans, and is itself a currency, not just a payment tool. . Correspondingly, virtual currency is also called non-legal digital currency. Li Lihui, head of the blockchain working group of the Internet Finance Association of China, once said that digital currency must have legal status, endorsement by national sovereignty, and clarify the responsible entity of issuance. Virtual currencies represented by bitcoin and ether have no country, no sovereign endorsement, no qualified issuer, and no national credit support. These are not digital currencies.
Digital currency is not equivalent to virtual currency
Since digital currency can be used for commodity transactions, is Alipay and WeChat payment a mode of digital currency?
Alipay, WeChat payment and mobile banking are actually electronic money, not digital money. These are all payment methods based on electronic accounts, which are essentially just an informatization process of existing fiat currencies, not digital currencies in the strict sense. For example, the amount of Alipay or WeChat transactions is essentially the banknotes in the bank account, but in electronic form, the “100 yuan” displayed on the mobile phone must also correspond to the real 100 yuan in the bank.
(Organized by Huixinyun Xu Sheng)

③ Can the shib coin rise after the latest news plummets?

There is no investment value, but it will rise.
Two reasons
1. Because the SHIB project party entrusted the Shiba Inu coin to Buterin for operation, and discarded half of the SHIB’s private key.
2. The psychology of retail investors, because of the myth of Bitcoin and Musk’s hype of Dogecoin, many retail investors will think that this coin is cheap and will be the next Bitcoin. Buying a few hundred dollars, a few thousand dollars, or tens of thousands of dollars is very normal. So the user group is extremely broad.
To sum up, the dealers behind it are very powerful, and the popularity of retail investors is very high. Therefore, SHIB will definitely rise to a whole new level in the next two years. As for the 0.1 US dollars, this is a bit unrealistic, with a circulation of 10 trillion. It is still very possible to reach $0.01 in Mad Cow.
For some project-supported currencies, such as Polkadot. In fact, I personally am not very optimistic, these are actually a concept, a white paper, a little bit of misappropriation. When some practical tests of the project are slowly implemented, the value of the coin will also increase accordingly, but this is all with great uncertainty and high technical content. If the project is shelved, fails, and cannot be carried out, it is a piece of chicken feathers.
For the currency circle, there is no investment value, only speculation value. So I went back to some basic techniques of the stock market, that is, combining market news and market trends to judge the behavior of the dealers behind.
In short, the four words are: follow the trend
The most commonly used and most practical technical indicator is macd.
The perfect combination of trends and shocks
Expanded information:
First of all, a brief introduction to shib coins. Shib, a virtual currency, was born in August 2020 with a circulation of 10 million100 million. As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1,200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.
Is it possible for shib coin to rise to $1?
The time is updated to June 27, and the latest price of shib coin is $0.0000092. It is understood that the price of Shiba Inu coin has risen dozens of times because of Musk’s tweet, but the price is still relatively low now.
Some experts have analyzed that because the virtual currency is now favored by many people, the price of shib currency may continue to rise, rising to more than 1 US dollar next year.
How many shib coins are issued
1. The total amount of Shib is 1000 trillion, half of which is 500 trillion, which was directly called to V God. Equivalent to (or hope for) half of the Shib will be destroyed forever and will return to zero forever;
2. The total amount of SHIB is one trillion, one trillion 1,000,000,000,000,000 The number of zeros is too many to see;
3. The initial price of SHIB is: 0.000, 000, 000, 0001 is a pile of zeros again.

④What is the future of digital currency

Digital currency is an unregulated, digital currency, usually issued and managed by developers, Accepted and used by members of a particular virtual community. The European Banking Authority defines virtual currency as: a digital representation of value that is not issued by a central bank or authority, nor linked to fiat currency, but which, because it is accepted by the public, can be used as a means of payment and can also be transferred, stored or traded in electronic form .

In recent years, the indiscriminate issuance of banknotes has led to increased inflation, frequent security crises in third-party payments, and the gradual maturity of blockchain technology, leading to the decentralization of Bitcoin, Ethereum, and Ripple. The digital currency came into being. Digital currency has the characteristics and advantages of low transaction cost, fast transaction speed, high anonymity and fixed amount of currency.

The usage scenarios are more and more abundant, and the user acceptance is growing.

At the same time, the usage scenarios of digital currency are more and more abundant, and its user acceptance is continuously increasing. At present, the use of digital currency has covered various scenarios such as shopping consumption, salary payment, transportation, travel, takeaway settlement and tuition payment. In general, although the number of users of digital currency is still a small part of the total population, the number of users is increasing. Currently, 10 countries around the world have a usage rate of more than 10%.

Libra impacts sovereignty, developing countries promote central bank legal digital currency

In June 2019, Facebook launched Libra virtual cryptocurrency, which caused a worldwide impact. The emergence of Libra may form a super-sovereign currency on a global scale, thereby affecting traditional transaction settlement currencies. For my country, the emergence of Libra will, on the one hand, have an impact on my country’s traditional currency and threaten the sovereign status of my country’s currency; on the other hand, since the RMB is not included in Libra’s basket of currencies, it will reduce the reserves of central banks for RMB demand, thus hindering the internationalization of the RMB. In response to this threat, CCTV duly launched the central bank digital currency. In September 2019, according to China Daily, the closed-loop test of the central bank’s digital currency has begun, and the central bank’s digital currency is about to come out.

Coincidentally, in addition to China, central banks around the world have also announced that they will launch a centralized digital currency based on national credit. In 2015, Ecuador took the lead in launching a national version of the digital currency. This measure can not only reduce issuance costs and increase convenience, but also enable people in remote areas who cannot have banking resources to obtain financial services through digital platforms. At present, Canada, Brazil, Norway, the United Kingdom and other countries are studying the central bank’s legal digital currency, while the Bahamas, Sweden, Russia and other countries are studying the possibility of digital currency issuance. In general, developing countries that have been greatly impacted by digital currencies have supported legal digital currencies for reasons such as financial inclusion and sanctions relief.

For the above data and analysis, please refer to the “In-depth Analysis Report on Business Model Innovation and Investment Opportunities in China’s Blockchain Industry” released by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data and industrial planning. , industrial declaration, industrial park planning, industrial investment and other solutions.

⑤The prospect 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 a major change in technology and market. Currently, there are many blockchain systems that cannot be called digital currency systems because they are not transactional or regulatory. Cai Weide said that only by separating the payment and settlement of digital currency 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.

⑥ The development prospect and impact of digital currency

The prospect is not very good, the market is a bit chaotic, the speculation is too obvious, there is still a lack of reasonable supervision, and the market still needs Maintain a certain order, so that the market can develop stably and healthily
Digital currency is an unregulated, digital currency, usually issued and managed by developers, and accepted and used by members of a specific virtual community. The European Banking Authority defines virtual currency as: a digital representation of value that is not issued by a central bank or authority, nor linked to fiat currency, but which, because it is accepted by the public, can be used as a means of payment and can also be transferred, stored or traded in electronic form .
In recent years, the indiscriminate issuance of banknotes has led to increased inflation, frequent security crises in third-party payments, and the gradual maturity of blockchain technology. Bitcoin, Ethereum, Ripple and other decentralized digital currencies It came into being. Digital currency has the characteristics and advantages of low transaction cost, fast transaction speed, high anonymity and fixed amount of currency.
The usage scenarios are more and more abundant, and the user acceptance is growing.
At the same time, the usage scenarios of digital currency are more and more abundant, and its user acceptance is continuously increasing. At present, the use of digital currency has covered various scenarios such as shopping consumption, salary payment, transportation, travel, takeaway settlement and tuition payment. In general, although the number of users of digital currency is still a small part of the total population, the number of users is increasing. Currently, 10 countries around the world have a usage rate of more than 10%.
Libra impacts sovereignty, developing countries promote central bank legal digital currency
In June 2019, Facebook launched Libra virtual cryptocurrency, which caused a worldwide impact. The emergence of Libra may form a super-sovereign currency on a global scale, thereby affecting traditional transaction settlement currencies. For my country, the emergence of Libra will, on the one hand, have an impact on my country’s traditional currency and threaten the sovereign status of my country’s currency; on the other hand, since the RMB is not included in Libra’s basket of currencies, it will reduce the reserves of central banks for RMB demand, thus hindering the internationalization of the RMB. In response to this threat, CCTV duly launched the central bank digital currency. In September 2019, according to China Daily, the closed-loop test of the central bank’s digital currency has begun, and the central bank’s digital currency is about to come out.

⑦ What is the prospect of the digital currency investment market now?

Digital currency is now a new investment market in various countries, and the prospects are still there. The toobi platform has a large transaction volume now. It is a formal platform. Now there are a lot of people trading here! Safe and formal

⑧ What is the development prospect of digital currency

Introduction: With the development of the digital economy, the currency industry has begun to become digital, so digital currency has emerged. Currency, so what is the development prospect of digital currency?

Three, the development status of digital currency

Now that the RMB digital currency has been invented, it can be used and purchased on mobile phones. Some areas have also conducted pilot projects. In those areas, such as Guangzhou and Shenzhen, you can use these digital currencies when buying things, but most people are not yet in contact with them. And digital currencies such as Dogecoin and Bitcoin, which are popular on the Internet, are very risky, so don’t invest arbitrarily.

⑨ Future Prospects of shib Coins

First, Shiba Inu Coin (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.
3. As the largest cryptocurrency exchange Binance is listed, its growth may beIt is clear. 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 achieve even a little bit of success like other exchanges like Uniswap, it 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.

⑩ How about the market price of shib

The price of shib currency is now 0.00042 RMB, a 7-day increase of +17.33%, and the highest price of shib currency in history is At $0.0000886, the all-time low price of shib is $0.0000000.
Extension information:
1, shib is also known as Shiba Inu coin and Erdoge coin. This is an experiment of decentralized spontaneous community building. The shib coin is short for DOGECOIN KILLER. This ERC-20 Only token can maintain a price around one cent and still surpass Dogecoin in a short period of time (relatively speaking). Shiba Token ($Shib), the first cryptocurrency to be listed and incentivized by ShibaSwap, the decentralized exchange of the Shiba Inu community, has gained worldwide popularity and has risen thousands of times in value.
2, Currently the Shiba Inu community has locked 50% of the total Uniswap supply and lost the key! The remaining 50% was burned into Vitalik Buterin, and the coin was the first project that the Shiba Inu community went down this path, so everyone had to buy it on the open market, making it impossible for developers to buy it on the open market. The community dumps its own team tokens to ensure fair and complete decentralization.
3, shib was issued in August 2020, with a circulation of 1,000 trillion. Shib was first listed on Matcha, although Hoo, Huobi, okex, Binance and other platforms have also been launched one after another. The day shib was launched on Huobi, the increase exceeded 300%, and the market was very hot. The initial price of shib is: 0.000, 000, 000, 0001 is again a bunch of zeros. The total amount was 1000 trillion, half of which was 500 trillion, which was directly called to V God. Equivalent to (or hope for) half of Shib will be destroyed forever, and will return to zero forever.
4, the image of shib is Shiba Inu, which is why shib is called Shiba Inu coin. The shib coin started in August 2020. It is an experimental project for decentralized and spontaneous community construction. The purpose of the development team is to distribute the developed characters to any participant who has the time and technology. For this reason, they fire SHIB as a excitation. As for whether it has value or not, it is hard to say. In fact, Dogecoin has no value. There are more people who blow it and more leeks, which will attract capital with a sickle in hand.

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