Shiba Inu (SHIB) is one of the most popular and successful cryptocurrencies of the last four years. Since its launch in August 2020, till it hit an all-time high in October 2021, SHIB’s price rallied by many million percent. Early investors made millions of dollars in profits.
While some believe that the SHIB boat has sailed and it is too late to make it big with the dog-themed cryptocurrency, others think there is still time to make massive returns.
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In this article, we will discuss why SHIB could make you a millionaire by 2030.
3 Reasons Why Shiba Inu Could Make You $1 Million By 2030
One of the most significant barriers to SHIB’s price is its massive circulating supply. One of the most substantial catalysts for SHIB’s incredible rally in 2020-2021 was Ethereum co-founder Vitalik Buterin’s monumental token burn. Buterin received half of SHIB’s supply upon launch but decided to burn 90% of the tokens, donating the rest to charity. Buterin’s actions led to a significant dip in the asset’s supply, triggering a massive price spike.
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Despite Buterin’s actions, Shiba Inu still has about 589 trillion tokens in circulation. The SHIB team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can drastically reduce the asset’s supply, we may witness another 2021-like rally.
Another reason you could make it big with SHIB is due to its growing popularity and adoption. SHIB is accepted by thousands of merchants, and its fan base seems to grow every year. By 2030, we may see the asset among the top 10 projects by market cap.
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Lastly, there is talk about a potential SHIB stablecoin. This could lead to more people interacting with the SHIB ecosystem, thereby pushing SHIB’s price further north.
