Through the traditional Shiba inu, we will understand why the price is low when the supply is high


Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Today I am going to talk about a very important topic, the topic is that if you assume any random coin from the cryptomarket then the question is what is the maximum price these few can go?

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I took for example Synthetix's SNX or Bitget token's BGB to compare these two but it is not possible to compare these two because these currencies have different sectors and their products are different. On the other hand, if I compare the flow with them, the matter will be completely different, the reason is that there is a matter in the market which is called addressable market cap. This means that if you have a good idea about the crypto market, you can check how high a coin can go. Anyway, I will talk to you in detail about this matter, how to find it and predict which coin will go where, now we will talk about how the addressable market works?

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Addressable market is how much a random product or a random service can expand. Suppose I give the example of Fanta here. There are 1 crore people in any X village and if you take one Fanta per person then 1 crore is supposed to be sold or 1 crore is daily addressable market but not everyone will consume Fanta once daily. Some people will eat less here, some people will eat more here, and some people will not eat here but addressable market can be considered for calculation. But we are currently in the cryptomarket. Let me give a famous example of the crypto market. A famous example is whether a Shiba inu can go to a dollar or a Shiba inu to a dollar? Shiba inu's current market cap is $18 billion and their total coin supply is around 590 trillion (total supply). Although there were 1000 trillion in the past but now the rest have been destroyed. Now you think that if Shiba Inu's price was one dollar then Shiba Inu's market cap would be 590 trillion dollars and no exchanger or market pressure can take such a large amount, besides that it is completely impossible for you to be 590 trillion dollars. If Shiba inu wants to go to a cent, not a dollar, the market cap of Shiba inu coin will exceed a trillion dollars here. Based on all these contents it is understood that comparing Shiba inu coin with any other coin is not. For all these reasons I told you at the beginning, the crypto market should be compared with two coins that have similarities. By doing this you will understand very easily which coin to invest on.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

Those who think Shiva inu will go to $0.01 are wrong, it is very difficult Shiva inu Supply 1T +

Thanks for this article you have quiet explained the concept of supply for shiba inu so well and good to see someone is still keeping tabs on this coin

Thanks a lot for sharing this good educational post with us. There are some posts that I can understand through your posts. Nice to share this good quality post. I learned a lot from your post.

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