Can Shiba Inu Reach $1 in 2025? The Answer Will Make Your Head Spin.
The Shiba Inu (SHIB -0.42%) cryptocurrency opened at a price of $0.00000000008 per token in 2021 before soaring by a whopping 107,499,900% to a peak of $0.000086 in October of that year. If you had a crystal ball and timed your investment perfectly, that gain could have turned just $1 into more than $1 million.
Some cryptocurrencies have a genuine use case. Bitcoin, for example, is used by many investors as a store of value, kind of like a digital version of gold. But Shiba Inu has no real utility, it's a meme token that mostly swings up and down based on the whims of speculators.
As a result, it fell more than 90% from its peak by mid-2022. Even after a positive year in 2024, Shiba Inu's current price of $0.000023 is still more than 70% lower than its all-time high.
However, cryptocurrencies are riding a series of tailwinds that could help them create a significant amount of value during 2025. So could Shiba Inu stage another historic run and hit $1 per token this time around? The answer might blow your mind.Shiba Inu could technically reach $1
Investors would have to burn 99.99998% of the current supply in order to send Shiba Inu to $1, based on its current market cap. Therefore, nearly all of the 589.5 trillion tokens in circulation need to be eliminated, leaving just 13 billion.
Only 2.4 billion tokens were burned in the past month, which translates to an annualized figure of 28.8 billion. That won't be anywhere near enough to send Shiba Inu to $1 in 2025.
Here's the head-spinning part: At the current pace, it will take 20,460 years to burn enough Shiba Inu tokens to justify a price of $1.
But it gets even worse, because burning tokens doesn't create any value. It only reduces supply, which makes it appear as though the value of each token is higher because it trades at a higher price. As a result, even if you lived long enough to see all of the necessary tokens burned, you wouldn't actually make any money.
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