I expect that if someone who's holding billions of dollar worth of shiba comes and dump it on market because of fear or any possible reason. I believe the SHIB will also crash down like the SQUID token, bankrupting people who are on buy position at the market for SHIB, and the people who are holding it.
However, I do believe that SHIB will be able to cross 0.0001 mark because of the constant advertisements and efforts of shiba army. But I expect there will be some major disadvantages of holding coin for too long after that.
Please understand, trading is not like farming, where the money is purely generated. Trading is a secondary market, where money is only switching hands. The asset it switches hands on gets increased or decreased on values, that is not a universal price of the asset, since 10% of a stock or crypto will not be sold in a same price but 100% of the wheat could. A universal price is defined in a primary market, like commodity or factories(production, tech and ideas). Stocks thought are secondary but are derived from industries which are primary(producing something) or having technology and ideas. So, stocks can be a good alternative of growth in money, but not the crypto assets. I have already mentioned in my previous posts about the USDT coin, like how they ensure that its backed by USD but they dont even have thousand USD for tether savings backend.
Even the ethereum is crazily overpriced. As the suggested transaction price proves the point. For example a bitfinex transaction costed around $33 million to transfer just $100 thousand. This is the transaction hash as a proof.
Yiggee : k
102249055grace : Ok
lizk57 : I just bought some recently. Im just going to sit on it.