Lost Money on Dogecoin? New Token Gives ROI in Bear Market

Investing in Shiba Inu is a no-brainer when so many people talk about SHIB hitting $1.

Any Shiba Inu you buy now would be set to grow 8,300,000%. You could turn just $100 of SHIB into $8.3 million. Similar things have been seen in Shiba Inu, like the lucky wallet which bought $17 of SHIB in October 2020 and became worth $6.9 million within eight months.

But just how likely is it for Shiba Inu to hit $1?

Are the days of insane Shiba Inu returns over?

New data suggests that a $1 price could actually be much further away than Shiba Inu holders would like to believe.

Shiba Inu – 55,000 years to $1

There are two factors to consider here: the Shiba Inu market cap, and the Shiba Inu supply.

(The price of any cryptocurrency can be dictated by market cap / token supply.)

The Shiba Inu market cap hit an all-time high of $40 billion in October 2021. At that time, 1 SHIB was worth $0.00008. Not even Bitcoin has held a stable market cap of $1 trillion – but assuming Shiba Inu could hit a $1 trillion market cap the price of SHIB would be $0.0018.

As we can see, Shiba Inu is not going to hit $1 on positive trading volume alone any time soon.

This is where many Shiba Inu commentators on Reddit turn to SHIB burning. Every month millions of SHIB tokens are burnt, which reduces the token supply and the distance to $1. But according to new data from Shiba Burn Tracker the burn rate would take 55,000 years to pump Shiba Inu to $1 – and that's even with a $1 trillion market cap.

Just 882 million Shiba Inu tokens were burned in October 2022. With 589 trillion Shiba Inu tokens to destroy until the token supply is precisely 1 trillion SHIB, you'd be waiting just over 55,000 years.

EverGrow set for $1 within next 20 years – and it's only $0.00000012

The long Shiba Inu wait compares radically with other tokens, like EverGrow.

EverGrow is a hyper-deflationary token which saw the potential for token burning to pump prices, and automated it into daily trading. To buy or sell EverGrow you must pay a 14% transaction tax of which 2% is used to buyback and burn EGC tokens.

It's a high tax – but EverGrow burned through 2.5% of its total supply in the past 12 months while Shiba Inu didn't manage even 0.01%.

The EverGrow burn rate is the primary focus right now. The development team just launched an innovative NFT marketplace (LunaSky) which sends 100% of its revenue from commissions and feeds to buying back and burning EverGrow. This kind of crypto ecosystem has never been seen before and could revolutionise the industry.

Read up more on EverGrow here: https://evergrowegc.com/

So do you buy Shiba Inu based on the hope of hitting $1 some day?

Chances are, it's a battle not even your grandkids could take up. That's why if you're really excited about investing in a token which burns its own supply, you should invest in the current industry leader: EverGrow.

The price is just $0.00000012 and the market cap is just $50 million. The best crypto returns always come from strategic investments into unknown tokens like EverGrow.

Read up more on EverGrow here: https://evergrowegc.com/