It's hard to believe that a coin with a max supply of a quadrillion coins is only 2nd in market cap with 37.3B behind ethreum of course,(at time of post 9:45pmest 5/10/21) or is it?
Let's think about this for a second. Shin inu has a quadrillion coins for their max supply. They locked 50% into uniswap and burned the rest to V.B. The private keys were destroyed so they can never pull them out of uniswap unless they are bought. This is an ingenious strategy. It creates a fair market amongst investors and traders. Not to mention the devs didn't keep any to them selves. Of course they bought in when they were next to nothing. Now the news is shib inu will be listen on BINANCE soon . Wich means hundreds of thousands of new investors . With such a high supply the price will stay under a penny for awhile with significant gains making it very appealing to not just the novice crypto investors but to anyone who witnessed what doge coin was able to accomplish.
Shib inu coins white papers (woof papers) clearly state and I am paraphrasing, shib coin will be the first coin of its own decentralized exchange but also is an experimental coin in wich it wants to see how much society along with social media can influence the price of a coin. Especially a meme coin . I personally would love to see this coin succeed and that is not only because I myself have invested in it.
