Shiba Inu is performing well today as whale investors go on a purchasing binge, pumping the cryptocurrency higher.
Today’s most enormous whale pushed SHIB prices up by purchasing 4 trillion crypto tokens. They had to pay $134 million for that-this takes their total Shiba Inu holdings to $144 million. SHIB prices are increasing as a result of this whale.
SHIB Price Predictions
Of course, the soaring price of SHIB has prompted price projections from crypto specialists. The Shiba Inu-themed cryptocurrency, for example, will hit $0.0002 in 2022. Others have also expressed their opinions on the cryptocurrency’s price potential.
SHIB is up 12.3% in the last 24 hours as of Wednesday afternoon.
While this may lead some cryptocurrency investors to believe that SHIB is a good investment, it isn’t all rainbows and sunshine. Cryptocurrencies are incredibly volatile, so investing in them carries a high level of risk. Nonetheless, certain sorts of traders find this attractive because the possibility of a large payout is also significant.
The strange thing about cryptocurrencies is that they appear to work on a much faster schedule. That is, if you compressed the Dow Jones Industrial Average and the S&P 500’s multi-decade (or multi-century) charts across a few years, the crypto complex might be the Dow Jones Industrial Average and the S&P 500.
Potential Investors
Cryptos appeal to a younger generation of investors who may lack the patience of previous generations. On the other hand, the Shiba Inu is particularly appealing to those who do not have much. You could argue that SHIB was created with the stereotypical starving college student in mind. You can become a SHIB token millionaire with a few Hamiltons.
While the above feeling arguably reflects the vast majority of Shiba Inu’s enthusiasm, there are undoubtedly other tales to be told.
Although it isn’t said openly, the underlying message is that cryptos give while fiat currencies take. Shiba Inu is thus, in some tiny way, a part of the answer.
Granted, it’s possibly the purpose. However, as more people become aware of the potential of cryptos, the power structure will inevitably shift. Worse, it will revert to the old story of the wealthy growing richer while the poor get poorer.
Philosophical Musings of SHIB
Most crypto investors, in my opinion, do not concern about the complexities of alternative blockchain designs, much like most drivers do not concern about how a car works, only that it does.
Shiba Inu should stand out among the tens of thousands of other crypto competitors. Because, regardless of the founder’s intentions or the SHIB blockchain’s applicability, the digital token has great speculative potential for the time being. That’s pretty much it when it comes to the community.
We’ve already seen how grassroots movements can bring Wall Street to its knees. Now, I’m not claiming that lightning may strike again in the same place. You can’t entirely dismiss it until SHIB is permanently removed from the game.
The irony is that decentralization allows the power structure to be so severely tilted toward the powerful and wealthy. For example, in a centralized financial architecture, a governing body can intervene to prevent monopolization based on a moral basis. On the other hand, the blockchain does not have morality; it only validates and invalidates.
Ultimately
It truly makes you question the blockchain’s more comprehensive application. Is the fact that a distributed database is decentralized enough to inspire revolutionary ideas? Based on what we’ve seen thus far, Shiba Inu can’t even achieve fairness and democratization without destroying its blockchain design.
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