So How do you make Shib worth more, burn $32.5 billion, but there is a limit.

By steverobert | wealth concepts | 30 Oct 2021


My worry about Shib is that there is a huge supply of coins, when there are many of something, then its price is hard to increase.

Talk to the comic fans, Superman #1 worth a ton, Death of Superman issue can be obtained for $10 on eBay. Why they made so many and everyone bough one so now no one needs one and many want to get rid of them..

So how many have loaded up on SHIB hoping to make a fortune. But with the size of the coin pool, Millions of Shib are worth a few hundred dollars.

Even with Vatalik Buterin burning at today value 32.5 billion is Shib there is still a large supply. Buterin had 505 trillion, even after sending 50 trillion to India COVID relief fund, which put them back on the market, because the charity would most likely sell them to fund operations. Another 410 trillion to a dead address there are still tons of tokens To many to make us all rich.  Looking at the table at 0.1 less then a penny Shib would be worth more then the entire 2020 GDP for the US for a coin with little or no use and very little apps. So if you are holding out for the big gains in Shib, you may be experiencing then right now. as of today total value in SHIB $40,739,500,000 is pretty good for a MEME coin, if Robinhood starts selling it then maybe a little higher but look at the total numbers. The system can not afford for SHIB to go much higher, plus a few whales sill see that and tank it before you may be able to get your cash out.

 

1,000,000,000,000,000   total supply

410,000,000,000,000   burned

590,000,000,000,000   total left

Total Shib    

590,000,000,000,000 0.00001        $5,900,000,000

590,000,000,000,000 0.0001        $59,000,000,000

590,000,000,000,000 0.001        $590,000,000,000

590,000,000,000,000 0.01       $5,900,000,000,000

590,000,000,000,000 0.1       $59,000,000,000,000

 

Just India's Covid fund    

50,000,000,000,000 0.00001       $500,000,000

50,000,000,000,000 0.0001      $5,000,000,000

50,000,000,000,000 0.001       $50,000,000,000

50,000,000,000,000 0.01       $500,000,000,000

50,000,000,000,000 0.1       $5,000,000,000,000      

US GDP 2020                     $20,940,000,000,000

value on 10/30/21    

590,000,000,000,000  0.00006905   $40,739,500,000

 

How do you rate this article?

5


steverobert
steverobert

network professional and real estate investor


wealth concepts
wealth concepts

Different points of views and strategies for building and holding wealth to live batter and retire early

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.