Could This Eliminate Shiba Inu's Biggest Problem?

Shiba Inu (CRYPTO: SHIB) and its investors won big last year after the popular meme token soared a jaw-dropping 45,000,000%. Support from Shiba Inu's community -- the Shib Army -- helped power the initial gain.

The cryptocurrency was built as "an experiment in decentralized spontaneous community building," according to its white paper. So we could consider 2021 a success for Shiba Inu.

Now, though, for Shiba Inu to move significantly higher from its current level of a fraction of a cent, the road will be more difficult for a few reasons. Here, I'll focus on one -- its circulating supply. Currently, that's 549 trillion tokens. This makes it almost impossible for Shiba Inu to reach a level such as $1 without market value soaring to an impossible level.

Continue reading

Source Fool.com