ADVERTISEMENT

Business

Critical August for SHIB: Experts aim for these levels!

ADVERTISEMENT

The “Shib_superstore” smartphone Twitter account, created by a game maker, shared in August that it plans to burn more tokens than in July. He also claims that a total of about 5 billion SHIBs have been burned so far. Here are the details…

Shiba Inu reaches a milestone of 4.7 billion

Travis Johnson behind the account tweeted that August has been more successful so far than July when it comes to burning coins. The previous month, according to the chart shared in the latest tweet, $ 1,000 of these meme tokens were burned. So far, on August 13, Travis wrote, “it’s almost in the middle of last month”. There is also another milestone mentioned in the tweet. The total amount of tokens burned by this platform so far has exceeded $ 60,000. This is equivalent to 4,734,648,653 Shiba Inu.

A week ago, Johnson caught the attention of the SHIB community with his tweet. He said he knew how easily 1.3 billion SHIBs could be easily removed from circulation on a daily basis. The game developer wrote that this can be achieved with the help of full use of the tools offered by the website. The site contains a variety of mobile games that mostly generate revenue from advertising spent on burning Shiba Inu.

However, the SHIB combustion mechanism shows that 30 million SHIBs have been removed from circulation in the past two days. Therefore, it seems rather inefficient. Because this amount represents 0.0005 percent of the currency’s circulating supply. Additionally, around 10 percent of the supply is concentrated in the hands of the largest 100 wallets on Ethereum. cryptocurrency.com As we have reported, whales seem reluctant to let their SHIB burn.

Tomorrow is the big day for these 10 Altcoins - here's what you need to know!

What are the critical predictions for SHIB?

Burning incident aside, analysts continue to share their long-term and short-term price expectations for the SHIB price. Market forecasts from different analysts vary widely. Analysts cannot always predict events such as political or environmental crises. For this reason, predictions are rarely correct. It would be wise for an investor to do their own research before investing in a cryptocurrency, especially something as volatile as SHIB.

For example, Changelly’s blog post stated that after looking at SHIB prices and market fluctuations, experts predicted that SHIB could go as low as $ 0.000005048 and drop as low as $ 0.00004183. The potential return on investment for the year in question is estimated to be 322% and the average price will remain at $ 0.00004335.

Telegaon agrees, noting that Shiba Inu’s price could reach a new ATH in 2025. Although they expect enough tokens to be burned this year, on the contrary, they are not very confident about the price increase in 2022. They estimate that SHIB’s high and low prices are $ 0.0001928 and $ 0.000009839 respectively. Its average price has been estimated at around $ 0.0001152.

2030 forecast for Shiba Inu

The aforementioned blog post from Changelly also stated that by 2030 SHIB will be trading at an average price of $ 0.00030921. Their maximum and minimum prices will be $ 0.00035649 and $ 0.00029857 respectively. The potential return on investment for SHIB in 2030 is estimated at 2,878%. In April, however, Finder interviewed a group of 26 experts who predicted a rather bleak picture for the Shiba Inu’s future. They estimated that the average price of the SHIB in 2030 was as low as $ 0.000000325.

Contact us to be informed immediately on last minute developments. twitterin, Facebookin and InstagramFollow and Telegram And Youtube join our channel!

Disclaimer: Articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, goods or services in this article.

Warning: Citing the news content of Kriptokoin.com and citing by providing a link is subject to the permission of Kriptokoin.com. No content of the site can be copied, reproduced or published on any platform without authorization. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

ADVERTISEMENT

Leave a Comment