Overview of Shiba Inu (SHIB)
- Introduction to SHIB: Launched in August 2020 as a meme coin on the Ethereum blockchain, Shiba Inu was created as a challenge to Dogecoin, aiming to capture the same community-driven spirit.
- Market Position: SHIB has gained significant attention, becoming one of the most talked-about cryptocurrencies, especially during market surges.
Key Points Discussed in the Video
- Investment Caution: The speaker emphasizes the importance of personal research and warns against sending money to unverified advisors. For more insights on investing in cryptocurrencies, check out our summary on Cryptocurrency Investment Insights: Analyzing Beltex, Tron, and Dogecoin.
- Historical Context: The rise of Dogecoin is discussed as a precursor to SHIB's popularity, highlighting the potential for meme coins to gain value despite initial skepticism. To understand more about the dynamics of meme coins, see our guide on Understanding SafeMoon: A Comprehensive Guide to Buying on PancakeSwap.
- Price Trends: The video outlines SHIB's price movements, including significant increases and subsequent market corrections, illustrating the volatility of meme coins. For a broader perspective on cryptocurrency price trends, refer to our Comprehensive Guide to Buying Cryptocurrency: Coinbase and WazirX Demo.
- Market Capitalization Analysis: The potential for SHIB to reach higher price points is analyzed based on market capitalization comparisons with other cryptocurrencies like Bitcoin and Ethereum. This analysis ties into the larger conversation about Understanding Decentralized Finance (DeFi): A Comprehensive Guide to Earning Opportunities.
- Future Predictions: While the speaker acknowledges the unpredictability of cryptocurrency prices, they discuss the factors that could influence SHIB's future, including community support and market trends.
- Community and Utility: The importance of the SHIB community and potential future utilities, such as the development of Shibarium, a proposed layer-2 solution to reduce transaction fees, are highlighted.
Conclusion
The video concludes with a reminder of the inherent risks in cryptocurrency investing and the importance of diversifying investments. The speaker encourages viewers to stay informed and make educated decisions in the ever-evolving crypto landscape.
FAQs
-
What is Shiba Inu (SHIB)?
Shiba Inu is a meme coin launched on the Ethereum blockchain, often referred to as a "Dogecoin killer." -
How high can SHIB go?
Predictions vary, but reaching $0.01 would require a market capitalization exceeding $6 trillion, which is currently unlikely. -
What factors influence SHIB's price?
Market trends, community support, and major exchange listings significantly impact SHIB's price. -
Is SHIB a good investment?
As with all cryptocurrencies, investing in SHIB carries risks. It's essential to conduct thorough research before investing. -
What is Shibarium?
Shibarium is a proposed layer-2 solution aimed at reducing transaction fees and improving the utility of SHIB. -
How can I buy SHIB?
SHIB can be purchased on various exchanges, including decentralized exchanges like Uniswap and centralized platforms like Binance. -
What should I consider before investing in SHIB?
Consider the volatility of meme coins, the importance of community support, and the potential for market corrections.
hello everyone um in today's video it's episode 35 of my cryptocurrency investing series we're going to be
exclusively talking about shib or shiba you know which is one of the popular mean coins that is that has been the
talk of the town uh these days so today we'll be talking about all of the questions that people have been asking
me about ship especially uh you know the big question how high can ship go to can ship go to
point zero one dollars for example so when i started preparing this content uh it wasn't my intent to prepare a
special content for ship but i'll tell you why i decided to speak about ship in a minute but as usual i'm starting with
the disclaimer i'm not a financial advisor or an investment expert i'm only doing these videos
to share the learnings that i have got from the process and to also you know provide clarity and information in a
easy to understand way from whatever i have learnt in my own experience the most important thing i keep
repeating this in every video is that do not send your money to somebody who calls himself a professional advisor or
an investment broker or you know anybody basically online practically all of these people are frauds nobody will take
your money and invest it for you your money and you you need to invest it i keep saying this in every video because
there are still a lot of people who are getting scammed on a daily basis so do not ever send your money or your crypto
to anybody else um also i'm active on twitter uh the rate channel to london is by handle so i do post quite a lot of
frequent updates in fact throughout this video you will notice that uh during the events i've been explaining
very actively on twitter and you can also follow a lot of other people on twitter and it's a great
medium to get information about crypto and in in general about content very quickly
so in today's episode like i said i was originally planning a lot of other topics especially the songboard add drop
vex merging wall finance merging evm chain of chronos but along with that i wanted to start
with the main topic of the ship but then i realized that when i started putting the the information together and started
storyboarding it in the content uh or like three or four days it was just getting longer and longer and there was
like so much information that i wanted to explain um as if you know if i have if i was sitting down a friend and
explaining to him about whatever i know about ship uh all of that information i wanted to share in the content and uh it
it was very clear and apparent that i needed to devote an episode on its own
uh completely dedicated to ship so that's why this is an episode where we'll talk everything that you want to
know about ship in its entirety right from its inception to where it stands today and where it could go tomorrow
okay so without wasting much time uh what is ship first of all you know what is the first about shiva you know was a
mean coin that was launched in ethereum ecosystem in fact it uh gave the uh the
the concept of mean coins to the world after dodgy coin i would say uh
last year in august 2020 so it was launched in the ethereum ecosystem so it was launched with a tagline of dodgy
killer an open challenge to become dodgy so i had spoken about dodgy as well in one
of my videos we will explain what it is so if you had watched episode 26 uh about my safe moon uh crypto at that
point of time in april 2021 in fact uh uh safe moon was another meme coin and i explained why these meme coins are
becoming popular safe moon was launched in binance marching in be20 protocol almost it was
a copy of shiv and doji they in fact got the idea i would say from ship itself uh doji coin was created with with
practically no purpose at that point of time about five or six years back and it was it was just a joke or a the purpose
of it was to show the practicality of how a coin can be created on the erc20 blockchain pretty easily so when
ethereum introduced the evm and the ethereum blockchain a lot of popular coins were created on
the ethereum blockchain in fact today a lot of popular coins like usdt uh many of the coins that we use apart
from bitcoin were actually launched on ethereum blockchain so originally when bitcoin came bitcoin was the only coin
that was capable of operating in the blockchain of bitcoin and then when ethereum came ethereum said that we are
also a platform apart from being a coin so anybody who wants to launch a point can actually launch a coin on our
platform which was the erc20 protocol so today a lot of coins actually exist on the erc20 protocol so dodgy coin was
created as a as a joke to prove the point that you can launch a coin like this and they
said there is no purpose to this coin so it was very very low at that point of time so they created like billions of
coins so to understand ship better we have to understand the price rise of dodgy coin
over the last few years so when dodgy was launched i said uh you know there was no purpose and there was billions of
coins so there's actually launched at a price of about point zero zero zero eight like four decimal points and then
there was a eight uh cents so that was uh the value of uh dodgy at that point of time which meant that you could have
bought a lot of coins if you were really serious at that point of time but not many people were into crypto itself at
that point and not many had actually bought it i would say but um a lot of industry analysts said that it would
never ever reach one pence and it's one of the coins that has announced itself as a joke there was no future for it
there was no purpose for it but in may 2017 over a two year period it actually went up about nearly 3700
percentage and it was point zero zero three dollars at the point of time so in indian rupees it went from like less
than um half a paisa uh or like half a pisa to about uh 22 paisa so um this was a phenomenal increase at the point of
time where if we had invested like thousand rupees or 120 it was like going up nearly four
thousand percentage so it wasn't up to about uh you know thirty seven thousand five hundred rupees uh from a thousand
rupee investment or from the hundred and twenty dollars to four thousand five hundred dollars
um but again you know the the success came after that in january 2018 within a few months it went up to almost uh 18
750 percentage so it went to about it reached one pence at the point of in fact it reached point zero one five
pence and point zero one five dollars and uh it was exceeding one rupee at that point
of time so it was a phenomenal growth of about eighteen thousand seven hundred fifty percentage so if you had invested
thousand rupees in in january twenty eighteen um in about three years time you had about one point eight lakhs in
hand and that's the enormity of the the progress that it made but if we had waited a bit longer in feb 2021 it had
reached about 88 750 percentage it was seven ah pence and the seven cent at the point of time point zero seven dollars
so if you had invested thousand rupees for example you were looking at nearly about nine lakh which is a massive
amount at the point of time but um people who waited even a bit longer in
may 2021 it reached its peak almost it was about 70 cents at that point of time 0.71
dollars and if you had invested 1000 rupees it was probably looking at around 90 lakhs return of investment over a six
year period of time whereas one of the massive gains that it had is almost matched the bitcoin story i would say
but what is worth noting is that this is again an example of patience but what was noting is that if you had timed
it and you had bought it in may 2021 for example today at its current price it is less
than half of its peak price so if you had bought 10 000 rupees of doji coin for example
at that point of time you are looking at about 5000 rupees in hand which is almost 50 percent down so timing is
always very important and you need to make sure that if you are going to a coin
why there is a necessity to wait and be patient while before you sell um after you have bought the coin and when you
are buying also making sure that you know you're not buying into a form or fear of missing out
now what makes these cryptos special and legitimate is that it's no different to
the original intent of bitcoin and blockchain cryptos so bitcoin was originally created as a store of value
so it it had no purpose to the in the beginning it was just to demonstrate that a crypto can be created like that
on the blockchain and can be a store of value so in fact if you had seen episode zero zero this is almost the same story
for bitcoin you know the initial bitcoin was like used to buy um two pieces at about 10 000 bitcoin so those are all
stories that we were familiar with that we spoke about in episode zero zero but in the case of dodgy people had the
opportunity more people had the opportunity to buy it early because in 2010 not many people had even attempted
to buy bitcoin or the blockchain investments but in 2015 it was more popular and the
popularity was rising gradually after that with more and more people getting into and this
was an affordable crypto that you could buy and that was the basic uh reason behind
the rise so if you watch episode 26 again you will realize that this is exactly everything that i said about
safe moon and the phenomenal rays that safe moon had after we had posted about safe moon i mean not because of me
posting it but you know eventually because of the timing at which we posted it and the phenomenal rise that safe
moon had after that point of time so you can actually go in and analyze all of these coins in ether scan you can you
will realize that um like unlike the the centralized projects like trx for example where justin sun and his
corporation own most of the coins which means that we are only buying from him or rather we are only making him more
and more richer you will realize that these coins like you know the dodgy coins or the um
sheep coins they are actually more decentralized which means the top holders the the development team or the
ship team is actually not holding like you know billions and billions of coins um like how the other uh centralized
coins are being hold so you will realize they're truly decentralized in terms of the top holders in the wallet addresses
that are holding it anybody can go into ether scan and actually do a detailed analysis of it
so most of these coins um like sheep akita elon kishu they were all launched on the ethereum blockchain using the
erc20 coin protocol that i had mentioned so like safe moon was launched in finance marching but these ones were
launched much earlier and sheep was the one that was launched a lot earlier in fact it was one of the first launched
attempt at trying to beat dodgy coin i would say so um as i explained in episode 24 and 25 it becomes like you
know much easier to launch a coin these days i mean earlier if you had to launch a coin you can create a coin you can
create a crypto token but to enable people to buy it actually you needed a centralized exchange to acknowledge and
list it and there were procedures to go through it so even now a lot of coins are waiting for centralized exchanges to
list them and you can't buy them easily in centralistic changes but these days like i had explained uh you can actually
list your crypto on the decentralized exchanges and with decentralized finance becoming more and more popular and where
you have blockchains like binance smart chain being added to ethereum and every day
a new smart contract enabled blockchain is being born so you can actually launch these coins on a decentralized exchange
where you can actually go and buy these coins much earlier to these cryptos getting listed on a centralized exchange
so if in fact in episode 24 i had done a demo of how you can buy it in uni swap episode 25 i had done a demo of how you
can buy it in pancakes pap and in episode 26 for example i've said how you can buy it even just using a mobile but
on a decentralized finance or a decentralized exchange where it is a lot more easier you don't need any and there
are no boundaries there are no restrictions for example if you want to buy a coin in new york
today there are a lot of restrictions that you can't just go on like sheep for example you can't just go and buy it in
new york in centralized exchanges but if you want to go and buy it in a decent release exchange there are no
restrictions there are no boundaries for using a decentralized exchange so that's uh
what makes these coins more accessible to people and that's what makes these coins uh more accessible to early
investors now when everyone was talking about safe moon in april um at that point of time in fact i actually tweeted
about shib akita elon where nobody was talking about it not many people were talking about at that point of time
on 24th april in fact i first said that you know we were talking about safe moon but you know there are coins like shiv
akita they are all rubbish by experts and you know there's a collective might of
common people that sometimes when common people just band together and they decide that we are going to make this
success it could become a success and that's what i was mentioning at that point of time and also a lot of people
were asking how do you buy it and give us the actual contract address after i made a demo of unisport i even listed
the contract addresses of those coins elon ship akita and i explained where you can buy it and if you do not want to
buy it from a decent restriction i also mentioned how it was listed in bit true and
politics at the point of time where you could go and buy it now again like i said the key is to buy it early in in
decentralized sections and i bought it you know before all the major hype had started but i was still relatively late
to a lot of people who had bought it at that point of time but you basically analyze the volume you
analyze the team you analyze ether scan you analyze the the token holders and everybody and then you know
you make a decision which ones to buy because there'll be like hundreds of mean coins the trick is to find the
legitimate ones or you know at least the the ones that are not going to rug for you and choose the top two or three
coins so again you know let's look at a ship price trend right like how we did for
the uh dodgy coin so the the ship coin when i was tweeting it was probably having like five decimal points or five
zeros before the decimal point was point zero zero zero zero zero one four uh dollars i would say
now um in in a matter of two or three weeks on eighth of may when i was uh explaining
the contract addresses and how to buy it in uni swap it had done about like 500 percent about 473 percent so if you had
invested about 120 dollars it will become like 567 dollars at the point of time
now you know in a span of like three or four days after that point um it had a massive rise it was going up to almost
you know 2256 points nearly 25 times at that point of time within a month three weeks you know it went up nearly
about 25 times so if you had invested about 120 dollars you were looking at about two thousand seven hundred dollars
uh during those three week period that was a phenomenal race at that point of time after that there was a big market
crash which everybody know that in in the the middle of may we had a huge market crush and by june uh
12 and like after a month from the peak point it had fallen down to about 0.0059 again
it was still higher than the price point that we had talked about in 24th of april but from
the peak price point if you comparatively look at it it was down about 83 percent so if somebody had
bought ship at that point on 11th may for uh let's say thousand rupees or thousand
dollars they would have lost 87 percent or 83 percent of their investment and they were looking at about 187 rupees
and at that point of time i was again highlighting in twitter that you know the value of patience and how crypto
crash is always inevitable in fact even before that a lot before that i was actually tweeting multiple times that
cryptos always have the possibility of a crash and there is a market crash even before the crypto crash had started so
uh what happened was cryptos eventually recovered and ship actually reached the point of you know point zero zero three
dollars whatever point that it had left it on whatever the peak point it was on 11th of may it reached it on 7th of
october so it was almost equal to the point of time and you would have recovered to that point of time
like 2200 percent from april 2021 but what happened was i was a phenomenal increase after that point in the line
the next three or four weeks in october where on 30th of october it had gone up to almost like point
zero zero zero four zeros and seven um dollars point zero zero zero seven dollars which was five thousand three
hundred percent from that point from april 24th it was around 5300 point obviously you know it was a phenomenal
increase if you consider whatever what was the price even and beginning of april but we were just looking at that
as the benchmark point so if you had invested like let's say thousand rupees you are looking at 50 000 rupees or 120
dollars you're looking at about 6 300 which was a phenomenal increase at that point of time so again it teaches the
value of patients in fact before the crash was happening when the market was completely booming i was
tweeting constantly at that point of time to say that you know realize your paper profit if you are up 300 400 in a
day it's not going to last and it's going to cost you a huge grief if you don't realize paper gains or paper
profits and i keep saying this in all my videos that you know unrealized paper profits if when it falls down it will
cause a huge grief in fact i have dedicated episodes where you can actually um you know how we can teach
yourself to realize paper profits like episode 19 for example so this was completely opposite you know mostly the
influences were saying that you know keep buying because the market is booming and i was completely doing the
opposite and one thing that we need to be talking about is why we talk about
ship for example elon and akita that i had mentioned during the point of time they had also done significantly in this
month in october for example elon had done nearly about four thousand percentage but it also had a
considerable drop during that point of time in fact it had gone down to almost like 95 percent of its value it had lost
it but it had quickly gained it in fact it almost reached the peak point again elon as well and akita as well reached
the peak point and it had done almost similar to ship in fact much better than shim in some cases like shipped for
example in the entire month of october did about 10 times about 1000 percentage whereas elon did about nearly 40 times i
would say so what makes this and we'll talk about why these coins are doing well as well
in a few minutes but what makes shiba special what why are everybody talking about ship
and not about the other coins as much right so a lot of these coins um started with
a huge amount of coins in circulation in fact dodgy coin when it came in uh in uh 2015 when bitcoin was talking about in
millions and ethereum was talking about a million dodgy had billions and billions of coins that was um already a
lot of coins at the point of time but ship they started with quadrillion tokens quadrillion was not a number that
people had even heard about the point of time in fact in fact is a one followed by fifteen zeros um and you can google
it to double check whether i'm saying it correctly or not million is six zeros billion is nine zeros trillion is twelve
zeros and quadrillion is fifteen zeros so vitalik putter in um is the programmer who had actually created
ethereum a few years back and he is a widely respected figure in crypto industry so he created the erc20
protocol the evm so um as a marketing strategy what shiba you know team did in 2020 when they created the token was
they sent half the supply nearly 500 trillion tokens they sent it to vitalik butter and saying that they are doing it
as a respect or a token of respect so their intention was that vitalik
button will talk about it and automatically it will gain marketing or popularity when he talks about it or
uses it for example but it had vitalik butter and used it things
would have been could have been multi um you know different at that point of time but
he did not want to be associated with all of these beam coins which were trying to send him tokens because he
didn't he didn't believe in these meme coins or he it didn't look like he was believing in these beam coins so what he
did um was on 12th may when when the market was peaking and everybody was talking about ship
and this was being continuously referenced at the point of time that half the tokens were being sent to
teleport in he went it went and straight away burned nearly 400 410 trillion ship that was about six
billion dollars worth at that point of time and today's value it's worth about 26 billion dollars i would say that's 40
percent of the supply he just went straight away and he burned it so when when we say bernie he sends it to an
address which is called as a black hole address from where you can never recover it from a blockchain perspective so
that's as good of getting rid of as good as getting rid of those cryptos he also sent about 50 trillion ship
which was worth one billion dollars at that point of time to india's curved relief fund so had that 50 trillion ship
you know been sold in the market like you know immediately if it was if it was sold it
could have crashed the project and it could have actually collapsed the project and sent it to zero so
um because a billion dollars worth of crypto being sold for a project like that um was would have cost a
significant collapse not just for ship for most projects but what happened was very interesting from
this point you know as fate would have it like you know covered relief fund was actually set up by
sandeep nail wall who's the polygon co-founder in india so sandeep nilwal is actually a known figure in india he
he co-founded polygon and he is one of the widely respected figures in india in fact i have a huge respect for him so
what he did was he immediately came out and and started communicating saying that we will ensure
that there will be a very slow liquidation for this donation and we will protect the retail investor this
was a huge step in fact not only him but the the entire team behind the india's
crypto covered relief they stepped up and said that look we respect this donation we respect this money but we
will make sure that we will not impact the retail community who have invested in ship we recognize them and
we will act very very responsibly this was this was huge responsibility or it was uh it was a lot of maturity shown by
them in fact i'll show i'll share the twitter link i had posted a detailed twitter story at that point of time
explaining what my understanding of it was the reason why this was important was because a lot of crypto experts at
that point of time intellectuals they were rubbishing ship all along the way they were trying to say that you know
this is a stupid project and they were trying to do their best to actually kill the project and there was a lot of
attempt being made at that so immediately after vitalik putin and sent the crypto to
the black hole address and he sent it to the india scovid relief fund they were all coming out and tweeting left right
and center for nearly about you know 10 or 15 hours there was chaos in the market where they were tweeting saying
that look uh it's going to kill the project vitalik has done a master move and he wants to destroy ship
and they were all pretty happy about what was happening at that point of time till sandeep had stepped in so it was a
massive moment in time for ship at that point of time so if they had not done it and if they had
practically you know uh sold all the crypto at that point of time it could have actually crashed it
because there was a lot of negative sentiment that but that that particular tweet from sandeep and and their
response turned it around or rather protected the uh the project at that point of time so
um after that or during that point of time you know a lot of major exchanges also started listing ships so a lot of
things happened during that uh the first two weeks of may period i would say polynics and vitro are the early
adopters you know most uh likely they they always you know support these these kind of projects very early in the
stages so they listed share bucket elon all of these projects got listed there however what followed after that was was
a little bit unprecedented crypto.com um started listing it first in fact on may 8th cro.com listed it and then banan's
and wazirex all followed in very quick succession so in fact um crypto.com ceo and co-founder
chris he himself personally tweeted about ship being listed on the mobile app
very rarely you will find the ceo or the co-founders tweeting about one particular token being added to the
exchange so that that was i was actually surprised at that point of time in fact they uh jumped the gun
and they they did the announcement much before uh binance and then binance in a couple of days followed suit and they
also listed the ship and the words that they used were quite unique at the point of time in
fact never before in the history of finance they had run out of ethereum deposit addresses this is almost like
saying that a bank had too many customers that they were running out of account numbers to give them that's what
happened in binance it was completely unheard of in fact the words that they had exact words they had used was they
listed an innovation zone and called it ship is an experiment and decentralized community and it's a relatively new
token that poses higher than normal risk very rarely you would see these kind of words
being spoken by binance for any coin hadn't been spoken before and hasn't been spoken afterwards as well so these
were some of the things that were happening at that point of time and then on 13th of may wazirex listed
it a couple of days later and this again was a huge controversy this was a big story at that point of
time and generally um i i mentioned that was elections one of the most trusted exchanges that i i mentioned about india
but that was an exception that day as a price that it got launched into was extremely higher and this was
practically because of the market maker greed now um
what happens when a coin gets listed in a new exchange when you don't allow deposits to happen is that there is an
initial market maker who provides the liquidity and these market makers there are there is always a market maker
or a group of market makers in these centralized exchanges they decide the initial price and the price that they
decided was thousand times higher um or hundred thousand percentage different to other exchanges that were listing those
coins or selling those coins at the point of time it was practically an exploitation by the market makers at
that point and that's what i was feeling a bit bad because i tweeted immediately saying don't buy it
because it's completely different in terms of the prices and there's a huge exploitation that's in progress after
that michelle shadi he recognized the the fact that did this happen and he came
out in support of people who got exploited because people had invested like you know one lakh rupees and
suddenly um they realized that within few minutes it had fallen down to about 100 rupees there were a lot of people
who invested like you know five lakh six lakhs and without checking coin stats without understanding what the prices
are without you know validating the the values that they were investing into it was just pure greed they just saw the
project and they immediately gone by this is one of the reasons why i advise that don't buy it always in a in an
indian rupees because you can't compute and buy it in usd t pair which because then you can compare it against the
global markets and compare it against the global price charts or better you know you know you're not restricted
nobody is restricting you to buy in an indian exchange use the indian exchange as your entry point and take your money
through a crypto like xlm or usdt into the global exchanges like binance or crypto.com or bitro where you
will find the liquidities is far better control and you can actually trade in binance or in neutral.com for example
and nobody is stopping you from doing that so this is why one of the reasons why in fact in episode 15 i was
comparing the liquidity in order book of all the different exchanges and i had highlighted the advantage of using a
global exchange at that point of time so a lot of
story happened at that point but eventually they gave some wrx as as a compensation for uh for
people who had lost money at that point so um again a couple of months or few months later on september 8 coinbase pro
listed it and within a couple of weeks coinbase also follows or one week later coinbase also followed suit and listed
ship and coinbase listing like i have said in my many of my videos is always a big catalyst for coins to get um higher
on the price ladder that's the reason is because a lot of people prefer to use coinbase it's one of the
most simplest apps available they don't understand how to go into an exchange and buy it or they don't prefer to go
into a complicated exchange and buy it they would like to have a very simple mobile app where they can just click a
button and buy it and coinbase allows people to do it all over the world so um
when ship launched in coinbase in fact i tweeted about it saying that there could be a coin based space rise and it did
happen over a period of time in fact from from 16th of uh september to the first week of october there was a lot of
race uh price increase that happened um eventually following the coinbase launching
so when ship launched in the beginning in 2020
they were talking a lot about decentralized finance they were talking about decentralized exchanges
decentralized finance and they were talking about you know changing the ecosystem so in
fact if you um if you had watched my episode 24 you will understand that um if you are not if you are not
dependent on a centralized exchange you can start becoming a liquidity provider and you
can start earning using liquidity mining without actually trading a coin without actually you know selling a coin you can
keep your coins and you can still do liquidity mining using those coins in decent interest exchanges using
decentralized finance but i also explained how expensive the erc20 ecosystem is in fact i was showing in
uni swap demo in episode 24 how that if you want to do a small mining you know the fees is
prohibitively expensive that normal people cannot do it in fact when i bought
ship for the first time in april 21 i bought it in uni swap or i swapped it in unispa the fees that i had paid for
getting ship was actually higher than the value of ship that i was buying at that point
of time it was that high in terms of the gas fees that i needed to pay to buy ship but i knew the project was was uh
was gaining momentum so i was willing to pay this amount of fees and i got it so this kind of huge fees what it means
is that it benefits the big whales or the uh huge big investors so it doesn't benefit retail investors in
decentralized finance this is again something that we mentioned where um you know binance smart chain and polygon
have changed the landscape for small investors where anybody can go in and pay much much lower fees and
literally 99 lower fees than than the ethereum ecosystem or uni swap and anybody can become a liquidity provider
in those in those ecosystems so ah even during coinbase listing i mentioned that if if ship is going to maintain their
decentralization is only on ethereum their vision of getting the decentralised finance to common people
is not going to be achieved and they need to move to polygon or binance marching in fact in october
there was a major decentral exchange support that has come out for both polygon and
binance marching more on this in a couple of minutes but they are not as popular as uni spam because even today
it's the big whales or the big investors who are making huge profit in using ship in the decentralized
finance so this could eventually change uh with the sheba in road map where they
have talked about creating a blockchain called shibarium so
as an example i'll just show you a screenshot where just doing a 50 transaction on the
sheba swab which is the shiba swap is the decentralized exchange that chiba owns
or shiba is trying to operate so i went to shiva's web and which is still operating only on the ethereum
main net and if you are trying to do a 50 dollar transaction for example you are paying nearly 140
of ethereum fees so you can see the gas fees is about three or four times the cost of uh even if you buy it for ten
dollars you would pay like hundreds of dollars in gas fees that's the disadvantage of using sheba's web or any
ethereum mainnet based decentralized sections and shibas map they introduced two short supply coins called bone and
leash which were supposed to be the supporting coins of the decentralized exchange which has its own utility and
is going to have limited availability and like sheep but when the fees is so high i don't think there is any point in
talking about these coins at this point in time unless and until it moves to a different ecosystem
so what is shibarium you know we kept talking about it so um the founder of ship you know is goes by the name of
rayoshi is still anonymous by the way so in may 2021 when ship was rising in popularity he acknowledged the fact that
people in erc20 ecosystem are paying huge fees and it's not good for the community and he outlined a road map for
our ship where he explained about shiba's perhaps that was going to be initially launched in ethereum
blockchain and he said that okay you know to avoid this ethereum gas fees we have a vision to create our own
blockchain called as shibarium now that was a huge vision at that point of time creating a completely new blockchain
with evm capability ethereum virtual machine capabilities so that you can run smart contracts
and also to make it affordable and low fees because otherwise there's no point if you're matching a like for like
ethereum clone so this will take months and months of creation or development and
testing and it's a huge effort this example is kronos from cro but he quickly also added that he or he
updated saying that this may not be a new blockchain but this could be a an l2 solution or a
layer two solution uh scaling solution like polygon polygon had changed the scaling solutions for ethereum
blockchain significantly i mean if you if anybody wants to still do liquidity mining in ethereum they can actually go
to polygon instead of ethereum where it's significantly cheaper but even that takes a lot of development time in fact
polygon was going through the faces for nearly months and months of development time i would say
so today when people talk about shibarium that it's going to get launched today
it's going to launch now it's just hype and chatter on on the social media there are
no clear timelines there is no road map or official confirmation from shiba team or even a development update that is in
progress so any new blockchain is going to take months it's going to be in development
for a long time and then it needs to be in a test net phase where people need to test it
for many many months before it can go to main it and a blockchain which has got evm capability is going to be
significant in terms of the risks and the issues that is going to face initially that it needs to go through
this test net phase so flower network is an example was supposed to launch in march 2021 they're still in their
testnet stage with songbird and they haven't gone live yet with their spark token
kronos avm is another example they were going through the dev and test and phase for many months cronus was supposed to
launch and and it got delayed uh eventually launching in november so it was up the original blockchain was
released in march 2021. so there is the so even if there is an active development team that is completely
dedicated to shibarim and is working it will take many months before it becomes a fully ready solution so however if
that's true if there's actually development in progress i would actually love to read white papers or you know
progress updates and it'll be it'll be fantastic if there is another contender on the open market for
ethereum virtual machine or for a new blockchain for that matter but um
one thing is ship already has a lot of support in polygon and finance marching but ship as
a community or as a group hasn't officially supported or extended formal support to either of these chains in
fact they are they are supported by third party pegging in both binance marching and polygon ecosystem so every
dex transaction you know currently you are paying a lot of fees in the ethereum ecosystem like
we just saw but you can actually transfer ship to be p20 or to polygon chains practically free of cost and
transactions on the uh polygon ecosystem or on binance smart chain is also it's comparatively low cost to
ethereum so crypto.com for example if you maintain ship in crypto.com you can withdraw natively to be p20 so you can
withdraw it from crypto.com it will show you two options erc20 or bep20 you can select bp20 and you will see the freeze
is significantly lower to withdraw it to your your meta mask or your d5 wallet
and if you want to transfer ship from one polygon wallet to another polygon wallet you can practically do it for
free with with zero fees almost and this these make it easier to transact ship on these chains but it's not officially
supported by or it's not formally supported or recognized by the shiba you know project team so
in fact if you go and provide liquidity i am providing liquidity in quick swap for shipmatic and it's got a very good
reward mechanism currently in polygon uh with the quick but it's not something that's spoken about or gets recognized
by the shiba you know team right now so what they can do is while the shiva inu project team is preparing to launch
shibarium they can actually get into active partnership and they can encourage finance marching or polygon
themselves and this will allow a lot of retail investors who are holding ship today to benefit from their holdings
instead of paying huge fees on the ethereum ecosystem where not many people are able to use their uh their shiba on
ship swap so what are the other utilities of ship so one thing that we need to acknowledge
is shiva is no longer a pump and dump coin any longer so it's not one of those coins where the the
the creator the development team has a huge holding and they are going to actually dump it and run away
like many times it has happened a lot of times it happens so it has got a lot of organic growth in fact if you look at
the the history of ship and the number of people who've been holding it and gradually how it's been increasing it's
almost 1000 or a million unique addresses on erc20 for ship and it's grown very very gradually so
and a lot of big exchanges if you go and do an ether scan analysis of the top hundred holders you will realize like
crypto.com for example holds like five percent of the tokens and you will realize that uh a lot of these exchanges
a lot of these people are holding like small percentage and it's widely divided and it's no longer a pump and dump coin
so there are also exclusive nfts being launched on opencv where you can't use any other crypto you have to use ship if
you want to buy those uh those nfts for example so um crypto.com again is like for example
thinking of ship um to the list of natively supported uh online crypto pay where you don't need to convert it to
fiat currencies like dollar or indian rupees you can directly use ship to make online payments and they will take care
of converting it or whatever but it will show you that okay these this um hotel booking is actually worth
2 million share about 3 million chip so you can directly make a payment and ship itself flower network had already
promised utility for dodgy coin saying that we know that dodgy coin is being owned by a lot of people we will provide
utility to it when we launch it that's what flaren block was saying and given the number of
the sheer number of supporters that ship has in fact they call themselves as shiv army and they are one of the most
strongly organized social media groups on every social media that you can imagine
they could attract other providers to also bring such utilitarian value for ship where you know restaurants or
or industries can start accepting ship as a native payment and the only thing that's stopping it is probably the the
ethereum fees at this point of time so if it moves to an l2 chain or a cheaper ethereum virtual machine chain then you
can actually accept native payments of ship and there'll be a cheaper gas fees as well
but what happened in october why was there a huge surge in october so nobody can be 100 sure that these are
all the reasons but these are some of the common reasons that uh we can attribute to it so bitcoin all-time high
so bitcoin reached almost like 65 000 all-time high and generally when bitcoin reaches that kind of a peak people take
out profits and they invested into smaller investments or cheaper investments and generally that money
flows into alcohol and so you call always you call you follow a bitcoin all-time high peak with an altcoin
season so as we saw with elon and akita's it wasn't just ship it was all of the alcorns or many altcoins that had
a huge surge in october after bitcoin had passed that the peak all-time high so it was a clear
trend that always follows then it's it's easier to follow as well but uh a lot of new investors have also come i
mean you can you can when you want to buy a crypto the first thing you do is you watch the news and you are looking
for familiar names and you ask your friends what they have invested and the most common answer or the most common
thing that they would see is ship so if somebody wants to buy something right they will buy something that is known to
them or something that they have heard about in the news or something that their friends have bought for example so
ship was attractive to them because it was cheap now if you wanted to buy a bitcoin it was 65 000 so people don't
want to buy like a fraction of it like i can only buy point zero zero zero one of bitcoin instead i can buy two million
ship it was kind of a no-brainer for many people who are coming as a new investor to the community and there's
also an active community like i said is one of the most organized active communities in social media they
constantly create organic charter so it's not it's no longer just paid investment there's constant marketing
that happens on social media from these sheba army for example but the biggest rumor or the biggest reason why um the
surge was happening towards the end of october was probably because there was an expectation that the american or the
robin hood is going to be listing ship pretty soon so robin hood is a mobile app it's focused in america
for american investing platform and it changed the landscape of american investing we should say because people
found it initially very hard every transaction or every purchase share purchase for example used to cost
commission fees and robinhood became the first commission free app where you just have a mobile
app and you can very easily click a button you can buy a share there's no fees if you want to buy ten dollars
worth of shares you can just click a button you can buy ten dollars worth of they did the same thing to crypto
as well and it it brought investment more accessible to common people who just want to spend like 10 20
dollars and don't want to pay high fees and just want to buy it whenever they can or whenever they have any money just
like as easy as ordering a taxi on uber or ordering food on swiggy or overeats you know compared to
what it was earlier it used to be a big task to call somebody and order a taxi or order food now you can just click a
button and you can intuitively you know buy something so the same thing applies for robinhood as well in u.s there was a
rumor that robin is going to list ship so there's it's got only a limited number of cryptos today so similar to
coin based listing where it becomes accessible to a wide range of investors people thought that if coin if if
ship is going to get listed in robinhood then it will again attract more early investors who will still
think that they have early internship looking at the price and looking at the constant charter and they might be
attracted to it because of the constant active marketing so that's another reason why these rumors i mean this is
again a rumor it's not been confirmed by robin hood at this point of time so
now the big question so now that we talked about the history about everything that you you had to know
about ship to get to this point and how ship got to this point now the biggest question that people have is how high
can it go from here can it reach 1 rupee or can it reach 0.01 these are the commonly asked questions now a few
points before we get into that question or get to answer the question nobody can predict the the peak of a project nobody
can predict the prices to say that this is what is going to happen and
everybody who's predicting the prices is only giving their best expectations it is a wish list or a wishful thinking but
there are a lot of experts um who call themselves experts and say that i'm definitely not an expert i'm i'm always
learning on a daily basis but there are a lot of crypto experts who say this crypto will definitely do a 10x in two
years this crypto will definitely definitely not um you know go beyond two three times
and everything that they've said every crypto expert have been wrong at some point of time you know there are cryptos
which they said that never do like no two three times have gone up to do 10 20 times cryptos that they've said that you
know it's definitely 100 going to go 10 times has stayed you know below through three times like you know for two or
three years that's the volatility of crypto so that's something that we always need to
remember nobody can be 100 sure about what could happen but uh you can see the total supply available supply top
holders you can actually go to ether scan and do a complete analysis of the shiba inu token in in
ether scan and if we take this analysis and if we just apply a bit of you know detailing around it so the
total ship supply is about one quadrillion like we always said and 410
trillion tokens were burned and you can clearly see it in ether scan as well so the
589 trillion tokens are available supplies that are remaining 40 trillion of that you could probably see that they
are in different addresses which are not actually block black holes but you can call them as a
as a burned address so um you can argue that about 549 trillion is available but because it's not clearly
in a black hole we'll consider 589 as the remaining supply that is currently available now the current price is point
zero zero zero zero six dollars right so about four decimal points now the fully liquidated market capital
using this available supply and using the current price is about 37 billion dollars obviously this fluctuates on a
daily basis ship is currently ranked 10th in the uh global market capital of all cryptos
so if you look at the number one two and three cryptos uh bitcoin has about 1.1
trillion dollars ethereum has about 500 billion dollars and bnb has about 88 billion dollars
so if ship reaches bnb the third position it could do two and half times or nearly
three times the current price point so point zero zero zero one dollars so uh if
if ship reaches like ethereum's level number two it could
then become 14 times the current price if ship reaches the market capital of bitcoin
for example it could if it becomes like 1.1 trillion dollars in terms of market capital without reducing the supply it
will still reach only 0.0019 dollars which is around let's say 0.002 dollars um so
to ship for ship to reach point zero one dollars without reducing the market compute the supply at this point of time
uh if it reaches point zero one dollars we're talking about a market capital of nearly six trillion dollars which is
three times or which is almost twice the total market capital of all the cryptos combined today so all of the cryptos
combined today is like around less than three trillion dollars so it's double almost more than uh double the market
capital of every other crypto combined today in the world and this is a fully liquidated market
capital that we're talking about now is this possible it's definitely you know not wild because when we spoke about
bitcoin last year in september 2020 and the the entire market capital of all the cryptos combined in the world was only
410 billion dollars uh and bitcoin's market capital at that point of time was 198 billion dollars
today bitcoin has nearly um is nearly 1.1 trillion so bitcoin by itself has increased five times in terms
of the total market capital but the overall total market capital at that point was 410 billion dollars so bitcoin
is now almost two and a half times the total market capital of all the cryptos combined so if bitcoin can actually
become two and a half times ship can definitely also become two times the total market capital of all the cryptos
combined but anything is possible statistically realistically this is still possible but
um it's a bit far-fetched at this point of time what would need to happen is
probably that there needs to be a burning mechanism for ship ecosystem currently there's no active burning
mechanism so there's no constant burning that happens and then ship will start to reduce over
a point of time and this could make this a little bit more plausible or possible so even if 50 of the ship is born like
half of the supply let's say it's burned right so whatever is remaining so out of the 500 trillion if another 250 trillion
ship is burned it would still mean that there is a market capital of 3 trillion which means that
ship is equal to the entire market capital as on today so this is kind of hard to imagine because they'll
always be global challenges they'll always be new investors who will at some point of time start to think about
what's the next ship like people are talking about ship is the next dodgy coin today so similarly people will be
thinking the next generation of investors in under two years time or one year time for example people will be
thinking what is the next ship you know why why am i talking about next dodgy coin ship is already beaten dodgy coin
let's say and i will be talking about what could i invest now which is going to be the next ship for example because
some point of time people are going to think that i'm not early in ship i'm a bit late to internship when that mindset
happens it will start to slow down new investment into ship that's a possibility definitely to be considered
now a few warnings before we um we close down this topic people who are especially trading in
india so i've always won that uh you know be very careful about the prices when you're trading with
indian exchanges and especially when a new crypto is being launched so um but
that's also true when the volatility of a cryptos is going um you know bonkers uh like crypto was was ship was doing uh
for the for the last uh few days in october for example so um on october 27th in fact i i tweeted
around that point of time exactly around 11 pm uk time about 3 30 a.m eist so what in 10 minutes it the candle was was
so huge that it was almost double the price of what it was showing in the other exchanges and within 10 minutes it
had fallen down drastically to the the half the amount so if somebody had
invested out of greed if they were seeing that it was up 150 percent and they invested like 10 000 rupees again
you would have lost like 50 of it immediately within a few minutes within about 10 minutes you would have lost
like 50 percent of the money in fact at that point of time and i also tweeted a screenshot of binance and other global
exchanges versus what you can buy in xerx and you could see that the candle and the chart was was completely
different to all the other global exchanges this is the danger of buying into uh
fomo or fear of pissing out where you're just seeing that there is an incredible rise and just click on buying
immediately without looking at charter without comparing it to the other global exchanges so why in episode 15 i
said you know trade with usdt as your pair don't trade with inr because you can't compare it easily with the other
exchanges also compare your prices in your indian exchanges with
global exchanges like binance crypto dot com bit true even if you're happy to trade in indian exchange that is fine
but compare your prices you know do not do not make a hasty decision of just clicking a buy button always use limit
orders like i have explained in episode 15. you know the importance of using limited orders is that you don't end up
making an irrational decision so i'm i'm doing this warning because you know when i was tweeting it at that point of time
there were already a lot of people who were actually executing buy orders i could see the buy orders going through
people are buying it at those double the prices and all of those people who had bought it at
that point of time are now looking at a 50 loss so eventually it could recover the ship could reach that point of time
but you know it was unnecessary to buy at that point of time okay so how do you realize profits and
this is something that two basic concepts that we've kept talking again and again people still don't um follow
this to the the t i would say so we need to be patient or in what we call as huddle or hold on to dear life so the
dodgy coin was a perfect example where if you had waited three months it went from nearly about nine lakh or nine or
nine thousand dollars to what ninety thousand dollars it was it was a huge jump in those three months from feb 2021
to may 2021. so um you need to be patient and you need to wait and in you need to hurdle which is called as hold
on for dear life and but also on the contrary you also need to realize profits as as much as you as you could
and unrealized profits are useless and these are contradicting theories right so but uh people don't do either of
these and they they end up making a loss so uh you can check episode 19 episode 15 where i've dedicated entire episodes
to talk about how you can realize profits and also how you can hold for long term but the key is that you keep a
small portion you always keep a small portion where you are continuously realizing profits when it's going up two
times three times and what it does is it gives you liquidity that you can decide to actually keep the liquidity or if
there is a um if there is a downtrend you can buy these dips so what i have done personally with my ship right so
i've i've nearly done about 40 percent of my ship um i've taken out it off uh taken it out as profits during this
october increase and i'm going to hold the rest of the ship i'm going to hurdle it but whatever i had taken out um you
know it gave me the opportunity the liquidity to buy other projects when it was what was
having a dip and also to buy into the into ship again when it was dropping in on many days that it had gone up and it
had dropped and i was able to buy back many of the um a part of the portfolio that i had sold like today 31st of i
mean like yesterday 31st october for example i was able to buy back um on the drops because i had the liquidity by
selling it at an earlier point which was high in time so it's not necessary that it always going to have a fall but you
know it's it gives you the opportunity and also helps you invest in something else if you
if you have that liquidity and diversification is also very important now what's the next ship so ship wanted
to be the next dodgy and the extraordinary sequence of events uh it has already done it it briefly
flipped dodgy coin in terms of the market capital it was number nine at one point of time so it's no longer a joke
it's no longer a meme coin it's a store of value whatever people might say and um you know a lot of people almost a
million people are more actually own ship today so it's just on the decentralized exchange on the unique
erc20 you can see that million people own it today and it's here to stay like dodgy coin it's going to be here for
some point of time it could reduce in time or go up in time but it's a project that's going to stay so it's hard to say
if another project can do exactly what ship did the phenomenal sequence of events may or may not happen for another
project so but it is always a tricky thing that you can invest your profits into early projects or projects
that are doing um or aiming to be the next ship or the next dodgy at an early stage
and you can do this by tracking like the thousands of these projects or aspirants that are trying to
do this you can track liquidity on blockchain you can track security assistance roadmap you can track the
number of holders social media following so there are a lot of parameters that you need to check so what i'm going to
be doing is so like in april 2021 i mentioned about share bakita elon kishu when nobody had been talking about it so
i'm going to mention a few projects that i am following or i am doing an early investment into and again this is not a
brand investment this is not a paid campaigning this is everything is a personal investment that i'm sharing
here as always so um
most of the investments if you've been following me uh carefully you will realize that most of my investments have
been quite good i've done i know decently well i would say a lot of a lot of cryptos i've done over 10
times in the last few months but you know a couple of my investments that i had mentioned in twitter and in my
previous videos vex which is wall finance and copycat have not done so well that in fact vex has lost about 90
percent of the value so people had invested uh let's say thousand rupees you would have you now be sitting at
about 10 rupees for example so it had lost a lot of 100 rupees for example it had lost a lot of its value i explained
why and i will also post another ah video explaining how the wax merging could change the landscape but again
just an example to say that it's not necessary that somebody will get it right all the time so obviously please
do your own research just because i'm saying it don't buy it so
these are some of the cryptos that i have bought into which i think has got some potential uh like how i saw um shiv
akita or elon or those kind of coins during april 2021. so erc20 and the ethereum blockchain you can buy saitama
saitama is a token that you can buy on uni swap i think it's also on gate dot io
um you can buy a couple of be t20 cryptos which is yoshi on pancakes map or you can buy baby dodgy baby dodgy um
i think i forgot to mention it in my tumblr video even though i had it on the screen
again these are the websites where you can go and do your own resource you can go and read about them
in the polygon network generally the polygon network is not great at launching these kind of new coins
there's a there's been a lot of pump and dump schemes and it's very very hard to differentiate um a good coin from a pump
and dump coin so poly dodgy is one of the projects um i'm recently in starting to follow because of
quips map allowing a farming opportunity in it and i'm i'm buying it in quick swap and i'm also farming for polity in
the liquidity mining so um i've invested a very small amount of funds you know comparative compared
to the investments that i make i always invest a very small amount of funds in these kind of cryptos obviously the
return of investment is is significantly higher but please read about them follow them
on twitter and you decide for yourself but i've listed the links and you can go to the link and you
can find the contract address on the link as well again finally
none of this is an endorsement of the mean coins i still invest 90 percent of my money into real projects with real
use case and having an intrinsic value something a real problem that the coin is trying
to solve like link injective zap grt scale and so on and some of the major projects exchange
projects like cro btr wrx polygon but
i would like to see those projects succeed but i cannot deny the fact that you know these meme coins um shave akita
elon have had a significant rise and helped me take a lot of money out and reinvest it into the dips of one of my
favorite projects so um i will definitely not be you know um happy with my profits if i was just
having my own profit and i did not share it with people who've been following me and that's the only reason i have shared
these projects in the past which i've been very clear about so
obviously you know there will there will always be a crypto crash at some point of time
which is you know either manipulated by the market manipulators or there will be a real world event that will cause a
butterfly effect so ship could also crash hard with all the other cryptos so absolutely you know make sure that you
take profits out if you are sitting on profits make sure that you're investing and diversifying your crypto portfolio
so you're not putting all your funds into one into one crypto or all your eggs in one basket so put safety before
profits which i keep saying and don't invest essential funds into crypto so hope this video has been useful and
everything that you wanted to know about ship until next time thank you bye
Heads up!
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