David Gokhshtein Doubts Shiba Inu’s $0.01 Price: Bold Promise and Crypto Speculation
In a bold and attention-grabbing move, David Gokhshtein, founder of Gokhshtein Media and former US Congressional candidate, has expressed strong scepticism about the likelihood of Shiba Inu (SHIB) ever reaching the 1 cent ($0.01) price mark. Gokhshtein has even gone so far as to promise to delete his account if SHIB achieves this milestone.
$SHIB is not going to $0.01 or I’ll fucking delete this account.
— David Gokhshtein (@davidgokhshtein) August 18, 2023
$SHIB is not going to $0.01, or I’ll f**king delete this account Says David Gokhshtein
Gokhshtein’s proclamation came via a tweet, where he confidently stated, “$SHIB is not going to $0.01, or I’ll f**king delete this account.” This bold statement is a testament to his conviction that SHIB’s price will not reach such heights. In a follow-up tweet, he expanded on his viewpoint by suggesting that the best price SHIB could potentially attain is $0.001. He pointed out two crucial factors that he believes could hinder SHIB’s rise to $0.01: the circulating supply of the asset and its contract structure.
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And remember — current supply and contract.
Because that would mean it would be worth more than the United States of America.
— David Gokhshtein (@davidgokhshtein) August 18, 2023
The outspoken crypto influencer also highlighted the magnitude of such a price increase. He indicated that if SHIB were to reach $0.01, its valuation could potentially surpass that of the entire United States, underscoring the astronomical nature of such a scenario.
It’s worth noting that Gokhshtein has previously shown a more optimistic stance towards SHIB. In an August 2022 tweet, he playfully urged the cryptocurrency to reach 1 cent, even promising to sell his SHIB holdings if it achieved this feat. However, as SHIB’s value experienced significant fluctuations in recent times, Gokhshtein’s outlook has shifted.
I need $SHIB to do me a favor and go to $0.01.
Thanks.
— David Gokhshtein (@davidgokhshtein) August 16, 2022
Despite his doubts about SHIB’s $0.01 potential, Gokhshtein remains an ardent supporter of the Shiba Inu project. His enthusiasm for the token led him to declare himself the unofficial leader of the Shiba Inu community last year.
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Meanwhile, there are still holders who maintain the belief that SHIB can eventually reach the coveted one-penny mark. Currently trading at $0.00000850 (up 1.3% at press time), SHIB would need to undergo an astonishing rally of 117,647% from its current price to achieve $0.01. Given its circulating supply of 589.33 trillion, if SHIB were to indeed hit $0.01, its market capitalization would balloon to an incredible $5.9 trillion.
David Gokhshtein’s outspoken scepticism and his bet against SHIB reaching $0.01 add an intriguing layer to the ongoing discussions surrounding the future of the meme-based cryptocurrency. As the crypto space continues to evolve, Gokhshtein’s prediction will undoubtedly be watched closely by both SHIB enthusiasts and sceptics alike.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
