To reach the ambitious $1 mark, $SHIB Inu must tackle one significant obstacle: its massive circulating supply. Currently, with around 589 trillion tokens in circulation, achieving a $1 value per SHIB would necessitate a market cap of $589 trillion—a figure that is far beyond the realm of possibility.
For Shiba Inu to attain such a price, over 99% of its circulating supply would need to be eliminated. If the community and ecosystem team managed to burn 99.83% of $SHIB , this would reduce the total supply to just 1 trillion tokens. Under these circumstances, Shiba Inu could achieve a market cap of $1 trillion, which is just below Bitcoin's current valuation.
While a market cap of this magnitude is theoretically possible for Shiba Inu, the chances of it materializing remain extremely low. The scale of the token burn required is enormous, making this scenario highly unlikely.
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