How Shiba Inu Coin Got Its Value
What gives a crypto value
Like Shiba Inu Coin What Actually Gives A Cryptocurrency Like Shiba Inu Coin Value?
You may be wondering how did Shiba Inu Coin get its value? Or may how did Dogecoin get its value? Or maybe how did Bitcoin or Ethereum get their value?
Well, let me explain…
How Cryptocurrency Gets Value
So let’s start from the beginning and ask ourselves where the coin actually came from for example Bitcoin, Bitcoin is generated every time a block is mined and there’s a hard cap on the total number that will ever exist.
Having a hard cap is what makes the coin more scarce and more valuable than a coin generated from thin air. Many projects like this will pre-mine the sum total of coins that will ever be on the network, then release them slowly over time to users, or they’ll create a large supply for a crowd sell and then continue to generate more through mining on the network.
This approach isn’t wrong or bad, but it’s the more difficult route when creating value for the coin. The coin with 1 million in existence will substantially be worth more than the coin with 1 billion in existence so this is important to keep in mind.
