Shibarium Blockchain is Coming soon @fasoniya
Today I will discuss about Shiba Inu in Steem Alliance Community. This token was created in August 2020. The highest price of this token was 0.000088 $ and the current price is 0.0000082 $. Although the price of this token is very low but its position is very good. Coingeco is currently ranked number 17. Current status number 15 on Coinmarketcap. If we look at the watchlist on Coinmarketcap, we can see that Bitcoin is the first and Ethereum is the second and Shiba Inu is the third. So it is understood that Shiba Inu's current position is very good and the future is expected to be very good.
Holder's composition by time held. 58% of Shiba Inu token holders are long time holders. They have bought this token for a long time. And 37% holder held for 1 to 12 months. Only 5% of traders hold the Shiba Inu token for a month.
The more any coin is held, the supply from the market of that coin will decrease and if the supply from the market decreases, the price of the coin will increase rapidly. We generally know that the price of coin increases based on Demand and Supply. If the coin supply cannot meet the customer demand, then the price increases very quickly. In this case, I think the Shiba Inu token holders are very high and the supply from the market will decrease a lot. In this case, the price of this token will increase very quickly.
A new blockchain of Shiba Inu is going to start in March/April 2023. The name of that blockchain is Shibarium blockchain. If Shiba Inu runs its own blockchain then this token will pump very fast and the price will increase a lot. Apart from this, Shiba Inu is going to run many projects by 2023. If the Shibarium blockchain is launched, the transaction charge in Ethereum will be greatly reduced and the transaction speed will be greatly increased.
If we observe, we can see that 83 billion shiba inu tokens have been burned so far by 2022. The burning system of Shiba Inu is very beautiful, those who burn shiba inu are given a certain amount of rewards. The more tokens are burned from the market, the more the supply will decrease and the price will increase much faster based on the demand.
.gif)