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👇 What are we going to talk about in today’s SHIBA video?
0:00 Shiba Inu News.
0:53 One of the main challenges facing Shiba Inu is scaling.
2:02 The community’s charitable arm, the Shiba Inu Rescue Association, has helped generate positive publicity for the Shiba Inu currency.
3:19 So what about burning the Shiba supply to increase the price?
5:34 Shiba inu everywhere gives us the ability to turn the tide of this battle without waging war with Shibarium.
7:31 Also, in the last few blogs we will go into the intake form and technical details of layer 2, for the beta version of Shibarium.
8:06 Shiba Inu Conclusions.
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Shibarium Medium was launched, What is this?
Shibarium Medium has been launched, I have no words at this point; but in this new video we’ll give you all the details about it, so, if this sounds like something you’re interested in, let’s get started.
One of the main challenges facing Shiba Inu is scaling, While the cryptocurrency’s market capitalization has grown significantly, its transaction volume has not kept pace. This lack of scalability could pose a major challenge to the long-term growth of the cryptocurrency.
In addition, the Shiba Inu token’s circulating supply of 589 trillion tokens is a major hurdle to overcome. With so many tokens in circulation, the potential for dilution is significant, which could lead to a decline in the value of the token over time.
Despite the significant challenges, the Shiba Army remains optimistic about the long-term potential of the cryptocurrency. The community’s dedication to building partnerships and real-world use cases, as well as its commitment to charitable causes, has helped establish the Shiba Inu token as potentially more than a speculative asset.
The Shiba Army has launched a variety of initiatives, including a decentralized exchange, a platform for NFT and a payment gateway, that demonstrate its commitment to value creation beyond mere speculation.
In addition, the community’s charitable arm, the Shiba Inu Rescue Association, has helped generate positive publicity for the Shiba Inu currency, and could help drive adoption and increase its legitimacy. All of this development has raised the community’s hope that the price of Shiba will increase.
The dream of Shiba Inu reaching a dollar, Shiba Inu investors believe that chiba has the potential to reach a cent, or even a dollar. However, the reality is that reaching even one cent is a challenging task for cryptocurrencies.
Currently, the Shiba Inu Coin is trading at around 1300 points, with a market capitalization of around 7.5 billion. For chiba to reach one cent on the dollar, its market capitalization would need to increase by a factor of 1000. This would require a significant amount of investment and demand for the Shiba token, which is being worked on.
To put this in perspective, Bitcoin, the world’s largest cryptocurrency, has a market capitalization of around $468 billion. Even if the Shiba token were to reach a market cap of $46 billion, which is a significant achievement, it would still only be 10% of Bitcoin’s size, but of course, hence the importance of token burning. So what about burning the chiba supply to increase the price? Burning tokens has become a popular strategy among some cryptocurrencies to increase their value and reduce their overall supply.