Will shib crash

⑴Will shib currency Huobi.com suspend trading on May 15?

Summary pair

②Cryptocurrencies across the board collapsed, Malaysia How did Sk react

Beijing time on the morning news on May 20, according to reports, there has been a large-scale sell-off and price drop in the cryptocurrency market recently. In the past 24 hours, the price of Bitcoin even appeared at one point. The price has plummeted by half, but Tesla CEO Elon Musk doesn’t seem to be losing interest in Bitcoin for now.

In a tweet Wednesday morning local time, Musk tweeted the emoji “Diamond Hand,” suggesting Tesla would not sell its $1.5 billion bitcoin holdings. At the same time, Musk also praised Tesla’s “coin master.” The “diamond hand” is a symbol often used on the forum Reddit to signify a stubborn intention to hold stocks or other assets.

Musk’s statement on Tesla’s bitcoin assets is inconsistent

On May 12, Musk said that Tesla had suspended The policy of consumers using bitcoin to buy electric vehicles is largely due to the adverse environmental impact of bitcoin mining (the acquisition of new bitcoins through hardware that runs computer algorithms). In the same day that Musk made this statement, the total market value of the entire cryptocurrency market lost $300 billion.

Over the weekend, Musk said on Twitter that Tesla might sell its bitcoin holdings, but later clarified that the company would not.

Tesla has also been part of the recent rout in tech stocks, with its shares tumbling as much as 4% on Wednesday before narrowing their losses to 2.49% at the close ($563.46). Shares in Microstrategy, another company with a large holding of bitcoin assets, tumbled about 7%.

3 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.

⑷Why is shib soaring?

SHIB was launched on February 1, 2021, with a circulation of 1,000 trillion, and the current circulation rate is 50%. Since the opening, the price has been maintained at about 0.7 zero 6 yuan, and the price has risen to 0.6 zero 7 to 0.4 zero 2425, and the price has risen by 3460.4%. The price has risen by 1169 times in 3 months.
The sudden surge of Shiba Inu Coin is mainly because a group of investors are optimistic about the future of Shiba Inu Coin. There is a certain financial logic to the rise of Shiba Inu Coin. At least from the price, it can be seen that in the continuous efforts of the investor operation team, Shiba Inu Coin has experienced a lot of baptism from its opening to the present.
Shiba Inucoin has been listed on many exchanges. It is the only animal currency listed on the three major exchanges besides Dogecoin. In addition, it has also been listed on the exchanges of listed companies in the United States, which is equivalent to being recognized by many traditional financial industries.
Because the Shiba Inu coin has just started, the price is still relatively low, so the transaction volume is relatively objective, and many investors are accustomed to buying products with lower prices, so there has been a surge in the Shiba Inu coin. As a result, the rise of Shiba Inu coin is in line with the practice of virtual currency, and the previous Bitcoin also encountered a situation of skyrocketing and pulling the market.
But it should be noted here that the rise of Shiba Inu may not be a good thing.
Coins such as Shiba Inu coins are essentially air coins and have no practical significance. The irrational market sentiment makes its price bubble intensify, and behind the surge, it is often accompanied by crazy harvests. As a financial derivative, cryptocurrencies are not supported by underlying value assets and are more susceptible to news factors. Big V calls for orders, hype, etc., are very easy to cause funds to flood into hype. This also means that under the face of bad news, the collapse of cryptocurrency prices will also be the norm.
High-frequency trading, doubling leverage, unclear trading rules, and inability to disclose information to the outside world in a timely manner have limited the ability of cryptocurrencies to protect users’ rights and interests. Sex is unpredictable.

⑸ SHIB soared after Musk tweeted, do you think SHIB will�Dogecoin?

Recently, Musk posted a tweet about SHIB, which caused SHIB to soar, and many people said that SHIB would replace Dogecoin. In my opinion, this situation is possible, because whether it is SHIB or Dogecoin, it can only be regarded as a commodity, and SHIB and Dogecoin are both popular because of Musk’s tweet. concerned.

In general, I think SHIB has the potential to replace Dogecoin.

⑹ Musk is trying to push Dogecoin even if he can’t guarantee it, will Dogecoin collapse?

The currency circle has been booming recently. , well-known and unknown bigwigs from all walks of life are observing or promoting this global virtual currency carnival. First, Dogecoin suddenly surged a while ago, reaching the third position in the currency circle, followed by the rapid rise of Shiba Inucoin, which once increased by more than 60%. What is very interesting is that these virtual currencies are rising or falling, and Tesla CEO Elon Musk is behind them. Elon Musk first tweeted about Dogecoin on his Twitter account, and later on a talk show, claiming that Dogecoin is just a scam. Then there was another wave of divine operations, that is, he posted it on his social account, and I was looking for a copy of a Shiba Inu. At this point, not only Dogecoin, Shiba Inucoin SHIB is also rising. In the following period of time, Tesla suddenly stopped accepting Bitcoin settlement and payment, and supported the settlement and payment of Dogecoin, and Musk recently suggested on his Twitter that Tesla would liquidate Bitcoin these operations Directly caused Bitcoin to plummet by 10%. Now Musk seems to be pushing Dogecoin, and Dogecoin is also on the cusp. So the question is, will Dogecoin crash? I think the main reasons for this are as follows.

1. Virtual currency itself has great uncertainty

Virtual currency has always been subject to great uncertainty. Like stocks or futures, its rise and fall are affected by many factors. This is also the reason why the Chinese government has not allowed virtual currency to enter the market.

⑺ How to see Buterin starting to use his $10 billion shib

Way uses his $10 billion shib b to do charity work. For him it was one. Doing good deeds is also an opportunity to increase his popularity.

⑻ Musk tweeted, Dogecoin did not soar, SHIB surged, could SHIB replace Dogecoin?

Musk tweeted, dog Dogecoin did not rise sharply, but the anti-surging of SHIB also caused a heated discussion among netizens on the Internet. We all know that Dogecoin is very large in the currency circle, and its positioning is very hilarious. SK also often makes Dogecoin soar, which makes every investor feel very speechless. The author believes that SHIB will not replace Dogecoin.

Third, study hard and make progress every day

At the same time, I also hope that more and more people can revitalize their careers and devote themselves to my country’s scientific and technological research and development. Only in this way can we make our country stronger, instead of choosing this kind of opportunistic behavior to gain huge profits. I hope everyone can remember this, and I hope more and more people will be able to take the initiative. Learn to improve every day, and promote the development of our motherland through our own efforts.

⑼ Musk said that shib can rise to one 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 ecological aspects of the Shiba Inu project.The exhibition direction is a lightweight decentralized exchange based on Ethereum. The exchange will focus on the team’s three tokens, Shiba Inu coin, dog rope and bone, the twentieth artist incubator, and invite artists to join Shiba Inu Community, explore how to bring their unique status in real life into the NFT market. NFT is a non-homogeneous token, which means that the artworks created by these artists are digitized and made into a unique token or token, which can be The third is charity, through Amazon’s charity organization, Amazon Smile to help Shiba Inu in real life. In general, the goal of the Shiba Inu project is very clear. It will drive consensus through community culture and try to combine with hot sectors such as DeFiNFT to build a project. ecology.

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