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Let’s be honest, Shiba is already creating millionaires especially the early investors. Frankly, it has also created a few billionaires.
You could be wondering if this one-in-a-lifetime opportunity is gone. My answer is we are just at the early stages. If you did miss the early fortunes, the good news is that there is still a chance for you to redeem yourself.
Shiba coin is less than two years old. Hence, it still has a long way to maturity. This right there creates a huge opportunity for investors including those who are investing in the currency now.
Shiba is a Young Cryptocurrency
Financial assets take time to mature in the market. As one-year-old crypto, Shiba has a long way to go to achieve this milestone. Hence, there is still huge room for growth.
Some of the biggest and most famous currencies in the market such as bitcoin have been around for over a decade. This longevity is partly among the reasons its value is high.
Shiba is still evolving and yet to achieve full market potential such as availability in some major trading platforms, Full utility such as NFT utilization.
As the coins evolve, there is a likelihood their price will keep rising hence bringing better returns for investors. This makes it attractive to invest in the coin now. If you have the right amount of patience, you could ride on this rise that can make you a millionaire.
The recent announcement by the AMC entertainment company on accepting the coins for payments will likely trigger a new rally. Although the implementation is yet to take place, there are rumors it could be live within a few months.
This is a new frontier that cryptocurrencies are yet to conquer. However, such a move would not only be a win for Shiba but also for the crypto market.
It will put cryptocurrencies in direct competition with fiat currencies. If successful, it could massively cause huge value gains for the coins resulting in better returns for investors.
This is an indicator of how the future of cryptocurrencies could look like.
Shiba Coin Burning Strategy
Shiba network is continuously reducing the number of tokens supply through burning. This is necessary to make the coin deflationary and give it more value in the long term.
As the supply reduces, the assumption is that price will rise concurrently. Currently. There are over 500 trillion Shiba coins in circulation making it harder for the coin to gain any significant value due to the factors of demand and supply.
However, investors are urging the developers to increase the rate of burning to increase the chances of value gains.