Shiba Inu and Pepe: The Truth About "Deleting All Zeros"

Recently, there has been a wave of discussion about Shiba Inu (SHIB) and Pepe (PEPE) having the ability to "remove all zeros" from their token prices. Statements like "SHIB will reach $1!" or "PEPE is the next big thing!" are spreading on social media, but let's take a closer look at these events. Do CEOs really say this? First of all, is there any official confirmation from the leadership behind these projects? To date, there has been no official statement from the SHIB or PEPE development team confirming the clear plan to "erase all zeros." The important thing is to distinguish between fact and speculation. Social media is full of rumors and exaggerated claims intended to exaggerate the exaggeration. Unless the information comes from official sources - such as verified project websites, blogs, or social media accounts - it is best to approach these statements with a healthy dose of skepticism. What does "Xoa so khong" really mean? The phrase 'deleting zeros' basically refers to a significant increase in the token price. For example, bringing SHIB from the current fractional price to $0.01 or $1. Although it sounds attractive, there are several factors needed to achieve this:

  1. Token burning mechanism 🔥 One key factor in increasing token price is reducing circulating supply. This is often achieved through token burning, where coins are permanently removed from circulation. Reality check: To 'burn zero', SHIB or PEPE would need to burn trillions of tokens - a time-consuming and labor-intensive task. Although both projects have introduced burning mechanisms, this burning process needs to occur on an unprecedented scale to create meaningful scarcity.
  2. Market demand and convenience 📈 Token price is mainly driven by market demand. Even when the supply decreases, there must be an increase in utility and real use cases to maintain a higher price level. The progress of SHIB: Shiba Inu has made efforts to enhance its utility with projects such as Shibarium, blockchain Layer-2, and upcoming features like SHIB: The Metaverse. The challenge of PEPE: Pepe still relies heavily on meme culture and community support, with less focus on utility or real-world applications. Without clear development, its long-term growth potential will be limited.
  3. Market psychology 💥 The prices of meme coins such as SHIB and PEPE are heavily influenced by community psychology and hype. Positive news, celebrity endorsements, or speculative buying can create a sudden surge in short-term prices. Risk: Such sharp increases are usually temporary. Without a solid foundation, this price surge tends to fade as speculative interest wanes. Why is "Delete zero" not simple It's easy to dream of SHIB or PEPE skyrocketing, but it's important to understand that this process is very complex and cannot happen overnight. Here's why: Large supply issue: For example, SHIB has a total supply of nearly 1 quadrillion tokens. Without significant burning, achieving a price level like $0.01 or $1 would require an unrealistic market capitalization. Market capitalization reality: For SHIB to reach $1, its market capitalization would need to surpass the total value of the entire cryptocurrency market—a scenario that is almost impossible. Community-oriented nature: Meme tokens thrive on community enthusiasm, but long-term price stability requires utility and development, not just hype. The last line Although the idea of "erasing zeros" is very interesting, the important thing is to remain calm: Burning alone is not enough: Burning with useful symbols, but must be combined with strong fundamental factors. Utility is the key: Real-world use cases, partnerships, and ecosystem development are the driving forces behind sustainable growth. Hype is temporary: Community excitement can drive prices up in the short term, but only true value can sustain long-term success. Final thoughts If you are investing in SHIB, PEPE, or any meme coins, make sure to do thorough research. Don't let speculation or hype influence your decisions. Remember that successful investments are based on a solid foundation, not wishful thinking. Always keep updated, trade wisely, and never invest more than you can afford to lose. 💡 Professional tip: Keep track of official announcements from the SHIB and PEPE teams to stay updated on token burning, utility development, and new projects. Until then, remain skeptical of rumors and focus on the big picture. DYOR! #Write2Win #Write&Earn $PEPE
SHIB2.9%
PEPE4.59%
X1.38%
G2.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Share
Comment
0/400
泺涵xuvip
· 2024-12-30 15:24
All in All in 🙌
View OriginalReply0
GateUser-229c4c88vip
· 2024-12-30 08:46
Ambush 100x coin 📈
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)