Many of us are waiting to see if Robinhood decides to list Shiba Inu. The listing will be a sign of things to come for the meme tokens of the future. If Robinhood decides to list Shib on their exchange, and we see a rise towards the one-cent dream we keep hearing about, a critical point will be made about cryptocurrency and circulating supply.
However, if a major burn gets implemented before the listing, the stance on circulating supply stands correct. How much do we know about cryptocurrency and its relationship to everyday mathematical practices? I’m ready to see the question answered! We are witnessing a shift in monetary systems across the globe. The entirety of crypto is now on the center stage with all eyes watching every saga. New coins will copy whatever they see regarding successful projects.
As cryptocurrency slowly starts to replace everyday forms of payment, we will see new projects being introduced with wider acceptance. Perhaps, this is why I am paying attention to tokens like ETH, XRP, and Mcontent. These tokens have functions that will replace the foundation of how we accomplish everyday practices via finance, wiring, and transferring. They have the means to rewrite the future. As for the future of the circulating supply issue, it will depend on Shiba Inu to some degree. We will learn one or two things by watching Shib shortly.
#1. We will see if hard burns need to take place for a token to reach more than a cent!
#2. We will see that some tokens have supplies that are too massive to overcome.
I believe with the right type of burn function, a token can be successful with circulating obstacles. As always, please remember this is for entertainment only! Do not go out and fix your portfolio based on anything you read on my blog. Seek out financial professionals who do this for a living!