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Shiba Inu Team Reignites Discussion About Token Reaching One Dollar

(2 hours ago) · 1 source · Summarized by CryptoBipto

The Shiba Inu project team has renewed public discussion about whether the SHIB token could ever reach a price of $1. The debate centers on the token's extremely large supply and what market conditions or burn mechanisms would be required for such a price level. Questions have also been raised about the accuracy of data used in these discussions.

WHY IT MATTERS

For people new to crypto, this story illustrates an important concept: a token's price depends heavily on its total supply.

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SOURCES

  • beincrypto.com

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