It just should reach 1 inr first then we will about 1$ supply is very huge

It is highly unlikely that Shiba Inu (SHIB) will reach $1 in the next bull run due to several fundamental and market-based constraints. Here's why:
1. Insurmountable Market Cap Requirement
Current Supply: SHIB's circulating supply is approximately 589 trillion tokens.
Market Cap at $1: If SHIB were to hit $1, its market cap would be $589 trillion, which is:
Nearly 6 times the global GDP (~$100 trillion).
Far larger than the entire cryptocurrency market, which is currently around $1.5 trillion (as of December 2024). Such a valuation is mathematically and economically unfeasible.
2. Token Supply and Burning
Burning Mechanisms: SHIB has implemented token burns to reduce supply, but the current burn rate is far too slow to significantly decrease the total supply in time for the next bull run.
Example: Even if billions of SHIB tokens are burned daily, it would take years (or decades) to reduce supply to a level where $1 becomes achievable.
3. Lack of Sufficient Utility
SHIB's value is largely driven by speculation and meme culture, with limited real-world utility compared to projects like Ethereum or Bitcoin.
While initiatives like Shibarium (Layer 2 blockchain), ShibaSwap, and SHIB: The Metaverse aim to increase utility, they are unlikely to generate the level of adoption or demand required to drive the price to $1.
4. Historical Performance in Bull Runs
During the 2021 bull run, SHIB achieved a remarkable surge but still peaked at $0.00008616 (just under 1 cent per 1,000 SHIB).
To reach $1, SHIB would need a growth of over 11 million percent from its current price (~$0.0000072), which is unrealistic given the existing market conditions.
5. Market Sentiment and Competition
The next bull run may favor projects with stronger fundamentals, utility, and institutional support.
Meme coins like SHIB may see significant gains due to speculative buying but will likely not outperform fundamentally stronger cryptocurrencies.
What Is Realistic for the Next Bull Run?
SHIB could see substantial gains if the crypto market enters a bullish phase:
-Prices might reach previous all-time highs (~$0.00008).
-Burn mechanisms, utility improvements, and increased adoption could drive further growth.
However, $1 is not realistic without:-
-Drastic supply reduction.
-Unprecedented demand and adoption.
In conclusion, SHIB may pump significantly during the next bull run, but a price of $1 is not feasible based on current market dynamics and the token's economic structure.
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