Shiba Inu: the mystery of the supply and the possible future of the price

Shiba Inu (SHIB) continues to be at the center of attention in the crypto world. Two recent developments are capturing the interest of the community: the mysterious holder of 60% of the SHIB supply and the potential price of the crypto if its market capitalization were to reach that of XRP. 

Both themes raise crucial questions for investors.

Who holds 60% of the Shiba Inu crypto supply?

A recent analysis has revealed that a single entity controls about 60% of the entire supply of Shiba Inu. This fact has raised concern among traders, as such a high concentration of tokens in a few hands could significantly influence the price of SHIB.

It is not clear whether this entity is linked to the Shiba Inu development team, an exchange, or a single whale. However, the issue raises doubts about the decentralization of the project. Such a distribution of tokens could pose a risk of market manipulation, with direct impacts on the volatility of the crypto.

Another analysis hypothesizes the value of Shiba Inu in the case that its market capitalization reached that of XRP. Currently, SHIB has a market cap lower than that of XRP, which stands around 30 billion dollars.

If Shiba Inu reached this figure, its price per token could rise drastically compared to current levels. Considering the enormous amount of SHIB in circulation, the value of a single token could exceed its current price several times. 

However, to achieve this goal, significant developments in the project would be necessary, including new use cases and wider adoption.

What does all this mean for investors?

These two aspects highlight the challenges and opportunities of Shiba Inu. On one hand, the strong concentration of tokens could increase the risk of sudden dumping on the market, discouraging some investors.

On the other hand, the potential for price growth, if SHIB were to achieve a market cap comparable to that of XRP, represents an opportunity for those who believe in the project.

Furthermore, the development of the Shiba Inu ecosystem, with solutions like Shibarium and integration into new sectors of the blockchain, could play a key role in attracting investors and reducing volatility. Transparency on the distribution of tokens and new updates from the team could help dispel doubts about the control of the SHIB supply.

Conclusion

Shiba Inu continues to be one of the most discussed cryptos, amidst mysteries about the distribution of its supply and ambitious price projections. The issue of the holder of 60% of the tokens remains a critical point, while hypotheses about the possible value of SHIB stimulate speculation among investors. 

In the meantime, the evolution of the Shiba Inu ecosystem will be crucial to determine the future of the crypto. Investors will therefore need to closely monitor these developments to better understand the possible bull or bear scenarios for SHIB.