Can Shiba Inu Hit $1 in the Next Bull Market – 12,000,000% ROI?

Imagine if Shiba Inu hit $1 in the next bull market – and you got an ROI of 12,000,000%.

It means you could flip $10 today into over $1 million. You could flip $100 into over $12 million. That would likely be a sum of money to change your life forever, right?

It sounds crazy, too. But it's not impossible.

Shiba Inu did it before. Vitalik Buterin burned 41% of the total Shiba Inu supply in May 2021, and the SHIB price pumped 40,000,000% between January and October. A lucky investment of just $100 could have become $40 million – and many Shiba Inu investors did get lucky.

But how likely is it for Shiba Inu to do the impossible once again?

Shiba Inu won't hit $1 for the next 120,000 years

Dramatic headline. But bear with us. 

This is according to Shiba Burn Tracker. Burning tokens is the only way for Shiba Inu to get close to a $1 price, because otherwise it would need a market cap over $500 trillion – that's bigger than all the world's largest stocks + the world's major annual GDPs all combined. 

A $500 trillion market cap is impossible.

But burning through 500 trillion Shiba Inu tokens until the circulating supply is more equal to the market cap? That's possible.

Except the Shiba Inu burn rate is the lowest investors have seen in 18 months. While 31 billion SHIB was destroyed in May this year, just 370 million has been destroyed in November. At this low rate it would take over 120,000 years until Shiba Inu is within range of $1 through burning SHIB.

Enter EverGrow – burning 3,500x faster than Shiba Inu 

EverGrow is a hyper-deflationary token. Which means it burns tokens just like Shiba Inu, but it makes the process automatic. 

In fact, EverGrow is burning tokens 3,500x faster than Shiba Inu this November. Both Shiba Inu and EverGrow have an initial supply of 1 quadrillion – but while just 370 million SHIB have been destroyed, over 1.3 trillion EGC has been destroyed too.

EverGrow is on track to mimic what Vitalik Buterin did in one generous transaction, but make it automated, scalable, and possible to replicate again and again.

Read more about EverGrow: https://evergrowegc.com/

EverGrow burning $500 every hour

Every time you buy or sell EverGrow, you pay a 14% tax, with 2% of this used to burn EverGrow tokens.

It's a high tax – but hold on, because the ROI is worth it.

In November, the EverGrow team is not only burning with the tax, but also buying $500 of EverGrow every hour. Since November 9th this has destroyed 0.3% of the circulating EverGrow supply – and the hourly burn will keep going until at least the end of the year.

How is EverGrow paying for this?

A further 2% of each EverGrow transaction is set aside to fund ecosystem development. In September, EverGrow launched an NFT marketplace – LunaSky – which was the first in crypto to send 100% of all revenue towards buying back and burning EverGrow.

More than $250,000 was raised in the first week of launch. These funds were deployed via a smart contract on November 9th to begin buying and burning $500 of EverGrow every hour.

While EverGrow burned 22 billion EGC tokens in October, it burned 1.3 trillion in under two weeks in November.

Anyone buying EverGrow in November will be expecting a significant price pump – probably before the end of the year. Holding onto EverGrow will see you earning Binance USD passive income (financed by a majority 8% of the 14% EverGrow tax) plus huge ROI when the price of EverGrow pumps after the token burning cycle has completed.

Read more about EverGrow: https://evergrowegc.com/