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Today marks the second day of scaling efforts for Shibarium and the team has made significant progress. Shibarium... it's time to begin SHIB has performed poorly since its creation, but that should be no surprise to investors. As of January 2022, it has experienced two sharp rises in prices, once in May 2021 again in October the same year. Each time the price fell as sharply as it rose, which indicates a “pump-and-dump” scheme, also known as securities fraud. But even at its highest price, SHIB never was very valuable. Right now, about 900k people all over the world have SHIB tokens in their virtual pockets. 

Shiba Inu Holders Statistics Ethereum

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Crypto.com’s Crypto Earn changes come just two weeks after the company announced that it was laying off 5% of its staff due to the “market downturn.” Get Past Tedious Know Your Customer (KYC) Processes Predictions on when SHIB might reach the $0.001 mark vary, with forecasts suggesting a timeline between 2033 and 2040. Such a long horizon necessitates patience and enduring confidence in Shiba Inu’s market strategy and broader adoption. The primary challenge facing SHIB is its massive circulating supply of 589 trillion coins, which poses a substantial barrier to significant price increases. Achieving a price of $0.001 with such a vast number of tokens would result in an unrealistically large market capitalization, not seen in current crypto valuations.