What is the future of the Sanshu Inu Coin?
The current price of Sanshu Inu is $0.000000000047, with a 24-hour trading volume of $9,687.84. It has a total quantity of 100 Quadrillion coins and a circulating supply of 0. In the previous 24 hours, the price has increased by 0.2%.
The coin is comparable to the cryptocurrency Hoge because both use a deflationary token concept. Sanshu and Hoge have a 1% burn rate, which means that 1% of all transactions are destroyed. There is also a 1% auto staking rate, which implies that 1% of the trade is shared among holders.
The concept behind a deflationary token is that its supply will decrease over time as more of it burns. Prices will rise as supply decreases, as per basic economics. Deflationary tokens should grow increasingly valuable over time.
The major challenge for these coins is survival, or if they will fade into obscurity.
Investor Place expects the token to increase with other dog-based cryptos such as Shiba, Jindo, and Alaska Inu. Sanshu Inu is a reasonably small coin compared to many different cryptos, says Investor Place; this implies that, although new to the market, it is not very distinctive.
However, investors drawn to the growth potential of such cryptocurrency alternatives have continued to flood into these stocks in recent months."
Predictions for Sanshu Inu coin
There aren't many expectations for Sanshu, though, with Digital Coin Price predicting a 300 per cent increase by 2028.
The Sanshu Inu Coin was one of the top trending cryptocurrencies in mid-June. There may be some long-term advantages to investing, but the currency is unlikely to reach the cent threshold anytime soon, so SHIB investors should relax for the time being.
However, considering the market's recent performance and the rising interest in alt meme-based currencies, things might change rapidly, as they did for Doge and SHIB.
Furthermore, according to FX Street, which tracks stock and crypto asset movements, SHI has lately seen a significant drop since it has failed to capitalise on any new enthusiasm or hype.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.